Exploring Key Market Trends in Weapon Mounts


Posted June 3, 2024 by AmrutCM

The Global Weapon Mounts Market is set for significant growth, with projections indicating an increase from $1.1 Billion in 2019 to $1.8 Billion by 2025. This represents a CAGR of 7.7% during the forecast period.
 
The Global Weapon Mounts Market is set for significant growth, with projections indicating an increase from $1.1 Billion in 2019 to $1.8 Billion by 2025. This represents a Compound Annual Growth Rate (CAGR) of 7.7% during the forecast period. This comprehensive market research analysis explores the key factors driving this growth, market statistics, market size, and emerging trends within the industry.

Market Overview

Weapon Mounts are essential components in military and defense applications, providing the necessary support and stability for various types of weaponry. These mounts are critical in ensuring the effective deployment of weapons on various platforms, including land, naval, and airborne systems. The market for weapon mounts is influenced by several factors, including military modernization programs, the procurement of advanced weapon systems, and geopolitical tensions that drive defense spending.

Market Size and Growth

Current Market Size

As of 2019, the weapon mounts market was valued at $1.1 billion. This market size reflects the substantial investment in defense infrastructure and the continuous need for advanced military equipment. The increasing demand for remote weapon stations, turrets for armored vehicles, and naval ships is a key driver of this market's growth.

Projected Market Size

The weapon mounts market is expected to grow to $1.8 billion by 2025, showcasing a robust CAGR of 7.7%. This growth is fueled by various factors, including the ongoing modernization of military forces, the procurement of new defense systems, and the technological advancements in weaponry.

Market Drivers

Military Modernization Programs

One of the primary drivers of the weapon mounts market is the increased procurement and modernization programs by militaries globally. Governments are investing heavily in upgrading their defense capabilities to address modern threats and enhance their military readiness. This includes the acquisition of advanced weapon systems and the integration of modern weapon mounts.

Demand for Remote Weapon Stations and Turrets

The demand for remote weapon stations (RWS) and turrets for armored vehicles and naval ships is another significant factor propelling market growth. RWS allows for the remote operation of weapon systems, providing enhanced safety and operational efficiency. The integration of RWS in military vehicles and naval ships is becoming increasingly common, driving the demand for advanced weapon mounts.

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Market Segmentation

This Research Report Categorizes the Weapon Mounts Market Based on Mount Type, Platform, Mode of Operation, Weapon Compatibility, and Region:

Based on Mount Type:

Static Mounts
Non-Static Mounts

Based on Mode of Operation:

Manned
Remotely Operated

Based on Platform:

Ground
Naval
Airborne

Based on Weapon Compatibility:

Machine guns
Automatic canons
Automatic rifles
Gatling guns
Sniper rifles

Based on Region:

North America
Europe
Asia Pacific
Middle East
South America

By Platform

Naval Segment

The naval segment of the weapon mounts market is projected to grow at the highest CAGR during the forecast period. Countries worldwide are modernizing their naval fleets, incorporating advanced weapon stations, close-in weapon systems, and other armaments. The procurement of new naval ships such as destroyers, aircraft carriers, and corvettes by countries like the US, Canada, India, China, and Japan is significantly driving the demand for naval weapon mounts.

By Weapon Compatibility

Automatic Cannons

Based on weapon compatibility, the automatic cannons segment is expected to lead the market from 2019 to 2025. The increasing procurement of armored vehicles globally and modernization programs to install advanced weapon systems are major factors driving the demand for automatic cannons. These cannons offer high firepower and versatility, making them a preferred choice for modern military operations.

By Mount Type

Static Mounts

The static mounts segment is projected to grow at the highest CAGR during the forecast period. Static mounts, such as turrets and coaxial mounts, provide stability and support for various weapon systems. The growing demand for remote weapon stations for armored vehicles and naval ships is expected to drive the market for static weapon mounts. These mounts offer reliable performance and are essential for effective weapon deployment in diverse combat scenarios.

Regional Analysis

Asia Pacific

The weapon mounts market in the Asia Pacific region is projected to account for the largest share of the market from 2019 to 2025. The region's growth is driven by increased defense spending and the demand for weapon mounts across ground, naval, and airborne platforms. Countries in the Asia Pacific, such as China and India, are investing heavily in modernizing their military forces and acquiring advanced weapon systems, contributing to the market's expansion.

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Key Market Trends

Technological Advancements

Technological advancements in weapon systems and mounts are a significant trend in the market. Innovations in remote weapon stations, automated turrets, and advanced targeting systems are enhancing the capabilities of weapon mounts. These advancements improve accuracy, operational efficiency, and the overall effectiveness of military operations.

Geopolitical Tensions

Rising geopolitical tensions and regional conflicts are driving defense spending across various countries. Governments are prioritizing the modernization of their military forces to ensure national security and maintain a strategic advantage. This increased defense spending is directly contributing to the growth of the weapon mounts market.

Strategic Collaborations and Partnerships

Key players in the weapon mounts market are adopting various growth strategies, including contracts, new product launches, acquisitions, partnerships, and collaborations. These strategic initiatives help companies expand their market presence, enhance their product offerings, and meet the evolving demands of military and defense customers.

Competitive Landscape

The Weapon Mounts Market is dominated by several globally established players, including:

Kongsberg Gruppen (Norway)
Raytheon Company (US)
Elbit Systems (Israel)
Saab AB (Sweden)
BAE Systems (UK)
Dillion Aero (US)
AEI Systems Ltd. (UK)
FN Herstal (Belgium)
Capco LLC. (US)
ISTEC Services Ltd. (UK)

These companies are at the forefront of innovation, leveraging advanced technologies to develop cutting-edge weapon mounts. They focus on enhancing their product portfolios, expanding their global footprint, and meeting the diverse needs of military customers.

The weapon mounts market is set for substantial growth, driven by the increased procurement and modernization programs by militaries globally. The market's projected growth from $1.1 billion in 2019 to $1.8 billion by 2025, at a CAGR of 7.7%, highlights the significant opportunities in this industry. Key drivers include the demand for remote weapon stations, the modernization of naval fleets, and the integration of advanced weapon systems.

Technological advancements, rising geopolitical tensions, and strategic collaborations are key trends shaping the market. As countries continue to invest in their defense capabilities, the demand for advanced weapon mounts will remain strong, driving market growth and innovation in the coming years.

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(Image Credit: FN HERSTAL)
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Last Updated June 3, 2024