Global Remote Weapon Station Market To be Worth US $24.50 Billion by 2026

  • Published Date : 14, August 2019

As per the report published in the Pro Market Statistics database, the global remote weapon station market can grow up as a significant market at 13.01 % CAGR during the forecast period (2017-2026) at the value of US $24.50 billion by 2026.

Market Drivers and Key Barriers 

The supreme-most factors elevating the development of global remote weapon station market incorporate popularity for military applications, new land warfare systems, and rising incidences of asymmetric warfare. Be that as it may, high advancement cost of the stations can obstruct the market development. 

Market Segmentation

The global remote weapon station market can be segmented Based on application, components, versatility, platform, innovation, weapon type, and area. The application-based segmentation is segmenting this market into homeland security, and military. Based on components, the market is to be segmented into shoot control station, human-machine interface (HMI), sensors, and weapons and Armaments.

Regarding versatility, the market has been segmented into stationary weapons and moving weapons. As per platform-based segmentation, the market can be segmented into airborne weapons, naval weapons, and land-based weapons. With regard to innovation, the market has been segmented into close-in weapon systems (CIWS), remote controlled firearm systems, and different technologies. By weapon types, the market has been segmented into lethal weapons and non-lethal weapons.

Regional Insight

The regional segmentation of the global remote weapon station market segments the market into regional markets called North America, Europe, South America, Asia Pacific, and the Middle East and Africa (MEA). In North America, the market is incredible because of technological advancement, the presence of many key market players, and heavy investment on defense in the USA. After the USA, Canada and Mexico are the most important nation specific markets in this district. 

In South America, the market essential nation specific markets in this locale are Argentina, Brazil, and Chile, trailed by the remaining countries of South America. 

In the Asia Pacific area, the important nation specific markets that have comparatively advanced innovation in corporate Australia, Japan, New Zealand, and South Korea, trailed by the remaining countries of Asia Pacific locale.

In Europe, the market is strong because of technological advancement, the presence of key market players, and the existence of strong military a sector in countries like France, Germany, and the UK. Other major nation specific markets in this locale are Italy and Spain, trailed by remaining countries of Europe.

Key Players

Aselsan A.S. (Turkey), BAE Systems (UK), China North Industries Corporation (Norinco) (China), Electro Optic Systems (Australia), Fn Herstal (Belgium), General Dynamics Corporation (USA), IMI Systems (Israel), Kongsberg Gruppen (Norway), Leonardo (Italy), Raytheon Company (USA), Rheinmetall AG (Germany), Saab AB (Sweden), Società Per Azioni Moog (Italy), and ST Engineering (Singapore).

Industry Updates 

8 MAY 2019 - Turkey-based Makina ve Kimya Industrial Kurumu (MKEK) is internally building up a family of four remote weapon stations (RWSs) that is relied upon to be sent through company trials soon.