Weapon Mounts Market Forecast Analysis

Market Insights

The Weapon Mounts Market was estimated to grow from USD 1.3 billion in 2021 to USD 2.13 billion by 2028 at a healthy CAGR of 6.69% during the forecast period.

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What are Weapon Mounts? 

A weapons mount is a mount or mechanism used to hold a weapon on a platform so that it can operate to its maximum possible capacity.

Key Players

Some of the key players in the weapon mounts market are-

• FN Herstal
• Dillon Aero
• Leonardo S.p.A.
• Moog Inc.
• Otoker
• Rheinmetall AG
• Rafael Advanced Defense Systems
• Electro Optic Systems
• Elbit Systems
• BAE Systems.

Market Dynamics

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• The expansion of the industry will be supported by continuous research & development activity and the integration of cutting-edge weaponry technology.
• In combination with military organizations, technical experts and engineers working to understand the fundamental need and to modernize armaments, the development of technology will contribute to the improvements of weapon mounting operations.

Segments Analysis

By Type

The market is segmented as static and non-static. The non-static segment holds the market share of more than 66.7% in 2021 and is expected to dominate the market during the forecast period. Increasing demand for the movement of vehicle-mounted weapons and ground operations are expected to rise the demand for non-static weapon mounts.

By Mode of Operation Type

The market is segmented as manual operated and remotely operated. The remotely-operated segment is expected to lead the market during the forecast period. The growth of the segment is driven by its versatility and effective target commitment. Remotely-operated systems often have the ability to track automatically to help the gunner to monitor the target continuously and to accurately shoot it in motion.

By Application Type

The market is segmented as land, sea, and air. Land application dominated the sector with over 80% of arms mounting the market share of more than 45% in 2021 and is likely to continue to command the territory and boundary acrimonies, increasing terrorism and geostrategic threats during the forecast period. This influences the procurement of tanks, vehicles in combat, blindfolded personnel and blinded infantry vehicles by various countries, thus bolstering the growth of the segment.

By Region

The North America seems more dominating than the other markets. The market share of weapon mounts, in North America is driven by large military expenditure, supportive government policies and technological developments.

The market is expected to increase at a growth rate of around 2.5% during the forecast period. Alone in 2019, the U.S. represented almost two-fifths of the world's military expenditure. Europe and Asia-Pacific are also expected to offer substantial growth opportunities over the forecast period. In addition, Asia-Pacific weapon mounts a market share of more than 36% in 2021.

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Segmentation

The report provides detailed insights, to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Segment wise analysis -

By Type:

• Static
• Non-static

By Mode of Operation Type:

• Manual Operated
• Remotely Operated

By Application Type:

• Land
• Sea
• Air

By Region:

• North America 
• Europe
• Asia-Pacific
• Rest of the World

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Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the companies across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current market segmentation by any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.