Remote Weapon Station Market Forecast 2023-2028

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.

Want to know more about the market scope:

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.

Key Players

The following are the major players in the 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 the 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.

Market Dynamics

These factors are expected to boost the demand for 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.

Want to have a closer look at this market:

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.

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, 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 the business, industrialised 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.

Segment 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.

Know more about the global Insights:

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 is greatly benefited by the growth in military spending to research and create powerful weapon systems to upgrade the 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.

Report Features

This report provides market 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 market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. 

The following are the key features of the report:

• Industry life cycle and supply chain analysis
• Eenvironment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market 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 market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Target Audience

The target audience of the remote weapon station market includes-

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

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, base year is 2022, estimated year is 2023, and Assessment period is 2023-2028. 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 next five years?
• What is the impact of COVID-19 on 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 at sales@stratviewresearch.com.