Remote Weapon Station Market Strategic Insight & Global Forecast to 2023

The Remote Weapon Station Market was valued at USD 7.67 billion in 2017 and is projected to reach USD 14.42 billion by 2023, at a CAGR of 11.20% during the forecast period. This report covers the forecast of the remote weapon station market and its dynamics over the next 5 years, while also recognizing market application gaps, recent developments in the market, and high potential countries.

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The remote weapon station market has been analyzed primarily on the basis of platform (land, naval, airborne), mobility (stationary, moving), weapon type (lethal, non-lethal), component (sensors, human machine interface, weapons & armaments), application (military, homeland security), technology (close-in weapon system, remote controlled gun system), and region through the period, 2018 to 2023, considering 2017 as the base year.

Target Audiences

• Original Equipment Manufacturers (OEMs)
• Component Suppliers
• Military
• Upgradation Service Providers

Based on platform, the land segment is expected to lead the remote weapon station market during the forecast period

Based on platform, the remote weapon station market is estimated to be led by the land segment in 2018 and is expected to continue to lead till 2023. Emerging countries, such as China and India, among others, are building large forces of Infantry Fighting Vehicles (IFVs) and armored vehicles. These countries are investing more in automated technologies and focusing on manufacturing a wide range of offensive fighting vehicles. For instance, in 2016 India signed a contract with Russia for the supply of 464 T-90 main battle tanks that will help the country significantly in its offensive operations vis-à-vis China and Pakistan.

The sensors segment is projected to grow at the highest CAGR during the forecast period

The remote weapon station market has been analyzed and segmented based on component into human machine interface, sensors, and weapons & armaments. The remote weapon station market is led by the weapons & armaments segment. The sensors segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the use of the sensor fusion technology, and the sensor suite, which continues to be upgraded to deliver enhanced detection and decision-making. Combining data from key sensors provides the warrior an autonomous ability to rapidly evaluate the overall tactical scenario and respond efficiently to identify threats.

The market for the remote weapon station in the Asia Pacific is projected to grow at the highest CAGR during the forecast period

The rapid growth of the remote weapon station market in the Asia Pacific can be attributed to the increasing defense budgets to innovate and develop robust remote weapon stations by emerging countries, such as China and India. For instance, India-based companies, such as Mahindra Defense Systems and Bharat Electronics, recently launched their newly developed remote weapon stations for armored vehicles.

Key Market Players:

Major players in the remote weapon station marketare Kongsberg Gruppen (Norway), Raytheon Company (US), Elbit Systems (Israel), Saab AB (Sweden), Leonardo S.p.A. (Italy), Electro Optic Systems (Australia), BAE Systems (UK), Rheinmetall AG (Germany), ASELSAN A.S (Turkey), FN Herstal (Belgium), Rafael Advanced Defense Systems (Israel), and Rheinmetall AG (Germany), among others.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.