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  • Remote Weapon Station Market Analysis | 2023-2028

    Remote Weapon Station Market Analysis | 2023-2028

    Remote Weapon Station Market Analysis | 2023-2028
    Report code - SR2075 Delivery - 2 Weeks
    Remote Weapon Station Market Size, Share, Trend, Forecast, Competitive Analysis, and Growt See more...

    Market Insights

    The Remote Weapon Station Market was estimated at US$ 10.11 Billion in 2022 and is expected to grow at a CAGR of 10.43% during 2022-2028 to reach US$ 18.34 Billion in 2028.

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    What is a remote weapon station?

    A remote weapon station (RWS) is a modern military technology used in armored vehicles, ships, and other platforms. It enables the operation of weapons (such as machine guns, automatic cannons, or anti-tank missiles) from a protected position within the vehicle, often remotely via a joystick or computer interface.

    Market Dynamics

    These factors are expected to boost the demand for the market in the coming years:

    • The rise in asymmetric warfare and terrorism on a global scale.
    • The business for remote weapon stations is expanding generally due to the desire for better-accuracy weapon stations that can support various military applications.
    • Rising use of weapons systems and the improving economic climate brought on by rising military expenditures.
    • The equipment's adaptability in being used in tanks, helicopters, fighter planes, naval ships, and other vehicles is also expanding its use in various applications.

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    The market growth for remote weapon stations is believed to be significantly constrained by the higher development costs and capital requirements. The main obstacles to the market expansion for remote weapon stations are thought to be the problems that might occur while integrating remote weapon systems into various platforms and circumstances. Additionally, the industrialized nations are cutting back on their military spending due to the weakening economy. Such elements are anticipated to impede the industry's recent overall expansion for remote weapon stations.

    Due to their ability to be operated remotely and the presence of light and medium caliber guns, remote weapon stations are gaining popularity. Helicopters, tanks, fighter planes, and other operational vehicles are connected with these systems. They are rapidly being used in the military and combat industries since they are outfitted with cutting-edge technology including remote control systems, sensors, weaponry, and important others. Because the customization and financial requirements for the integration with stationary and ground vehicles are relatively smaller, the land segment is anticipated to drive the remote weapon stations market expansion.

    The major industry companies are introducing cutting-edge innovations into the market, including RWS technology, which is the most practical choice for providing the highest level of defensive firepower. However, due to their difficult installation and use, manned turrets have been used by the military in place of these technologies. These elements are thought to provide the biggest obstacle to the overall expansion of the remote weapon station market. The integration of cutting-edge technologies and sensor systems and the unstable nature of modernized equipment are problems that developers find particularly difficult to solve. As a result, the remote challenge stations business as a whole is seen as facing a significant task.

    Remote Weapon Station Market Features

    Market Size in 2028

    USD 18.34 billion

    Market Size in 2022

    USD 10.11 billion

    Market Growth (2023-2028)

    10.43% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:

    • During the projected period, the widespread use of powerful weapon systems and the modernization of the defence forces will create profitable opportunities for expanding the remote weapon stations market. Additionally, developing nations like India, China, the US, the UK, Germany, Russia, Saudi Arabia, and several other countries are stepping up their investments in the remote weapon stations sector, which is anticipated to propel the market growth for remote weapon stations during the forecast period.
    • By investing in business, industrialized nations focus on building and bolstering their armed forces. They are also seeking greater precision weaponry and adding gun elevation capabilities that can serve a variety of platforms.

    Segments Analysis

    By Platform Type

    The market is segmented as Land, Airborne, and Naval. According to the platform, the land sector will dominate the market for remote weapon stations in 2022 and is predicted to hold that position until 2028. Emerging nations are developing sizable armies of infantry fighting (IFVs) and armored vehicles, including China and India. These nations are investing more money into automated technology and concentrating on producing various offensive fighting vehicles.

    By Component Type

    Human-machine interface, sensors, and weapons & armaments are the three component categories used to study and categorize the market for remote weapon stations. The category of weapons & armaments dominates the market for remote weapon stations.

    The market category for sensors is anticipated to expand at the fastest rate during the forecast period. The usage of sensor fusion technology and the sensor suite, continuously updated to provide improved detection and decision-making, may be credited with this rise. Combining information from important sensors gives the warrior the autonomy to assess the tactical environment quickly and react effectively to threats.

    Regional Analysis

    North America is likely to maintain its supremacy in the market throughout the forecast period. The U.S. made significant efforts to create technologically advanced weapon stations, which allowed North America to lead the market in 2020. In contrast, Europe's market is expected to grow more quickly in the future because of the ongoing focus on weaponry upgrades. The market for remote weapon stations has greatly benefited from the growth in military spending to research and create powerful weapon systems to upgrade defense forces worldwide.

    Concurrently, the rising military budgets of growing nations like China and India to innovate and construct reliable remote weapon stations are responsible for the rapid expansion of the remote weapon station market in the Asia Pacific. For instance, Indian businesses Mahindra Defense Systems and Bharat Electronics recently introduced remote weapon stations for armored vehicles they had just created.

    According to estimates, China will have the greatest market share for remote weapon stations in the Asia Pacific region in 2020. This quick expansion can be ascribed to the region's expanding R&D efforts to create remote weapon stations with superior technological foundations.

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    Key Players

    The following are the major players in the remote weapon station market:

    • ASELSAN A.S (Turkey)
    • BAE Systems (UK)
    • Raytheon Company (US)
    • Elbit Systems (Israel)
    • Saab AB (Sweden)
    • Leonardo S.p.A. (Italy)
    • Rheinmetall AG (Germany)
    • FN Herstal (Belgium)
    • Kollmorgen
    • Kongsberg Gruppen (Norway)
    • Singapore Technologies Engineering Ltd.
    • Electro Optic Systems Pty Ltd.
    • MERRILL
    • Moog Inc.
    • General Dynamics Ordnance and Tactical Systems

    There is stiff competition in the remote weapon station market. The growth of the companies is directly dependent on industry conditions and government support. These companies differentiate their remote weapon station based on their quality and penetration in the target and emerging markets.

    Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:

    • In 2019, Qatar awarded Kongsberg a contract for the long-term development of marine, digital, and defence technologies for USD 1.9 billion. By the deal, Kongsberg will provide its Medium-Caliber Turret, Protector Remote Weapon Station, and communication system over the next eight years for 490 Nexter-produced VCBI 88 armored infantry combat vehicles.

    Report Features

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

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Remote Weapon Station Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The target audience of the remote weapon station market includes-

    • Vendors
    • Manufacturers
    • Distributors
    • Organizations
    • Government Bodies.

    Covid-19 Impact

    The epidemic significantly impacted the remote weapon station industry's manufacturing sector. The output pace was drastically decreased, just like in industrial verticals. The alteration in demand impacts the economic crisis and the expansion of the homeland security sector. The development of the remote weapon station sector during the pandemic has been attributed to prior investment intentions from the industrialized countries.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2017-2028, the base year is 2022, the estimated year is 2023, and the Assessment period is 2023-2028. The following are the critical questions answered in the report:

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the global market?
    • What is the market share of the top vendors?

    Customization Options

    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)

    Market Segmentation

    • Current market segmentation by any one of the form 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 to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The remote weapon station market is estimated to grow at a healthy CAGR of 10.43% during 2023-2028.

    The remote weapon station market is likely to reach US$ 18.34 Billion in 2028.

    The main factors influencing the growth of the remote weapon station market are the rising use of weapons systems and the improving economic climate brought on by rising military expenditures. The equipment's adaptability in being used in tanks, helicopters, fighter planes, naval ships, and other vehicles is also expanding its use in various applications.

    North America is likely to maintain its supremacy in the market throughout the forecast period.

    According to the platform, the land sector will dominate the market for remote weapon stations in 2022 and is predicted to hold that position until 2028.

    Weapons and armaments are likely to remain the dominant component type for the remote weapon stations market.

    The major players in the market are ASELSAN A.S (Turkey), BAE Systems (UK), Raytheon Company (US), Elbit Systems (Israel), Saab AB (Sweden), Leonardo S.p.A. (Italy), Rheinmetall AG (Germany), FN Herstal (Belgium), Kollmorgen, Kongsberg Gruppen (Norway), Singapore Technologies Engineering Ltd., Electro Optic Systems Pty Ltd., MERRILL, Moog Inc., General Dynamics Ordnance and Tactical Systems.

    The market is studied from 2017 - 2028.

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