Global Remote Weapon Station Market to Reach USD 16.6 Billion by 2024, Says FSR

Remote Weapon Station Market: Summary

The Global Remote Weapon Station Market is estimated to reach USD 16.6 Billion by 2024 at a CAGR of 11.8 %.

Reliable weapons are a need for any countries defense system and remote weapon station is one of them. Remote weapon stations act as a force multiplier which provides a higher ability to accomplish the mission. This weapon system can be used remotely with wireless capability for vehicles, base stations, armored and unmanned vehicles so that the operator is protected from the danger zones. These weapon stations are mounted on land, naval and air-based platforms and can support machine guns, anti-tank missile launchers, automatic grenade launchers, and small caliber & medium caliber. This system gives round observation, helps in recognizing and shooting multiple targeted objects and also protects soldiers from the attack.

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Remote Weapon Station Market: Drivers & Restraints

Market Drivers:

Rising Demand for More Efficient Security Systems

The world’s armed forces require the latest technology to protect and provide successful outcome’s in any war and post-conflict situation. And for this, it is essential to have highly mobile and well-armed weapons. Remote weapon station act as a force multiplication provides improvements in efficient responses and delays and assists in boosting combat efficacy. Rise in demand for a better security system is anticipated to push the market growth higher. Also, higher spending on efficient security systems to boost safety and security is projected to fuel the market growth. For instance, in 2018, USA leads by being the largest military spender in the world by reaching military spending up to $649 billion. This was driven by the plans made by US President Trump in 2017 for enabling new arms procurement programs.

Rise in Terrorist Activities and Warfare Conditions

In recent year’s terrorist activities and regional conflicts create a virulent threat to the entire world’s security. According to country reports on terrorism, worldwide 8,093 terrorist attacks occurred in 2018. On the global terrorism index for 2019, Afghanistan ranked first with 9,961 attacks in 2018. The remote weapon station is exceptionally suitable in urban warfare as it can be remotely operated to target multiple objects.

Hence, the rise in terrorist activities and warfare conditions is expected to boost the growth of remote weapon station market during the forecast period

Market Restraints:

High Development Cost of Remote Weapon Station

In modern war, any country’s army needs the latest technologies to protect and provide successful outcomes however high cost of technologies often hamper the market growth. For remote weapon stations, the development cost is often associated with improvement in weapon integration, advancement to sensors, the latest electronic systems, materials, vehicle components, and others which increases the overall product cost.

Therefore, the high development cost of remote weapon station is expected to restrain the market during the forecast period.

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Remote Weapon Station Market: Key Segments

· Based on Technology: Remote Controlled Gun Systems, Close-In Weapon Systems (CIWS), and Other Technologies.

· Based on Components: Human Machine Interface (HMI), Sight and Sensors, Weapons and Software.

· Based on Application: Naval Platforms, Land Platforms, and Airborne

· Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Remote Weapon Station Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Remote Weapon Station Market, by Technology

· Remote Controlled Gun Systems

· Close-In Weapon Systems (CIWS)

· Other Technologies

Remote Weapon Station Market, by Components

Human Machine Interface (HMI)

· Gunners Display (GD)

· Fire Control Panel (FCP)

· Control Handle (CH)

· Video Tracker (VT)

· Others

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Sight and Sensors

· Laser Range Finder (LRF)

· Charge-Coupled Device (CCD) TV

· Infrared Radiation (IR)

· Color Day Camera

· Thermal Camera

· Others

Weapons

· Machine Guns

· Automatic Grenade Launchers (AGL)

· Caliber Canons

· Non-Lethal Effects (NLE) Weapon

· Others

· Software

Remote Weapon Station Market, by Application

· Naval Platforms

· Land Platforms

· Airborne

Remote Weapon Station Market, by Region

Asia-Pacific

· China

· India

· Japan

· South Korea

· Australia

· Rest of Asia-Pacific

North America

· US

· Canada

· Mexico

Europe

· Germany

· France

· Italy

· UK

· The Netherlands

· Rest of Europe

Middle East and Africa

· Saudi Arabia

· UAE

· Rest of Middle East & Africa

South America

· Brazil

· Argentina

· Rest of South America

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