Remote Weapon Station Market (Technology - CIWS, Remote Controlled Gun Systems; Platform - Land, Airborne, Naval; Component - Human Interface Machines, Weapons & Armaments, Sensors; Weapon Type - Lethal Weapon, Non-lethal Weapon; Mobility - Moving, Stationary): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024

A recent report published by Infinium Global Research on remote weapon station market provides in-depth analysis of segments and sub-segments in global as well as regional remote weapon station market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional remote weapon station market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global remote weapon station market. According to the report the global remote weapon station market is projected to grow at a CAGR of 8.1% over the forecast period of 2018-2024.

Market Insight

Remote weapon station is also popularly known as Remote weapon system (RWS). It is remotely operated weaponized system often equipped with a surveillance system and fire control system for light-medium caliber weapons. These weapons systems can be installed on ground combat vehicles, air-based combat platforms or sea-based combat platforms. These types of equipment are mounted on modern military vehicles or may also be retrofitted onto existing vehicles and can also be integrated with a grenade launcher. The interface and operating software permit the weapon system to be changed within minutes. The armaments such as machines guns to grenade launcher are automatically detected and the weapon station adapts it's ballistic accordingly. The weapon station consists of a sophisticated weapon tower featuring electro-optical sights and allows the system to be operated from inside the vehicle with a high degree of precision to protect the gunner from being exposed.

The key factor contributing to the growth of the remote weapon station market is increasing deployment of remote weapon stations on combat vehicles. This remote weapon station provides many benefits such as it provides fast and accurate aim and fire capabilities with high precision, also it can be integrated with existing technologies and infrastructure, seamless & convenient human-machine interface and provides minimal risk to the operator. In addition, the rising number of cross border conflicts and terrorist activities are fueling the remote weapon station market. Also, the on-ongoing military modernization program is augmenting the growth of the market. However, mobility, maintenance, potential faults, reloading are some of the few examples of the downsides of having a remote weapon station (RWS), these downsides can act as a restraint for the growth of the market. Improvement in accuracy, the range of the weapons and safety of the gunner, development of Spot and Shoot weapons and increase in military budgets are some of the factors that can create lucrative opportunities for the remote weapon station market in upcoming years.

Among the Geographies, North America is the leading region in the remote weapon station market, followed by Europe. The U.S accounts for the major market share in the North America region owing to the highest defense expenditures. The U.S spends around 3.3% of its GDP on defense expenditures. According to a trusted source, In 2015 US defense spending outstripped that of China, Russia, UK, France, Japan, Saudi Arabia and India combined. The U.S is expected to remain dominant in the remote station weapon market throughout the forecast period, 2018-2024. In 2017, U.S president Trump had announced plans to increase the U.S defense budget in 2018 by $ 54 billion dollars in order to rebuild the depleted military of the U.S. Countries like Russia, U.K, and France are leading countries contributing to the growth of the Europe remote weapon station market. Furthermore, Countries like Saudi Arabia, India, and some South American countries are offering lucrative growth opportunities for the remote weapon station market in upcoming years on account of increase in the defense budget and initiatives taken by the government to modernize the military. 

Segment Covered

The report on global remote weapon station market covers segments such as technology, platform, component, weapon type, and mobility. On the basis of technology the global remote weapon station market is categorized into CIWS and remote controlled gun systems. On the basis of platform the global remote weapon station market is categorized into the land, airborne and naval. On the basis of component the global remote weapon station market is categorized into human interface machines, weapons & armaments, and sensors. On the basis of weapon type the global remote weapon station market is categorized into a lethal weapon and non-lethal weapon. On the basis of mobility the global remote weapon station market is categorized into moving and stationary.

 Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of 8.1% over the period of 2018-2024.

Companies Profiled:

The report provides profiles of the companies in the global remote weapon station market such as Raytheon Company, Elbit Systems, Kongsberg Gruppen, General Dynamics Corporation, Leonardo S.P.A., Rafael Advanced Defense Systems, Aselsan A.S, Rheinmetall AG, BAE Systems Plc and Saab AB.

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global remote weapon station market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of remote weapon station market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the remote weapon station market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the remote weapon station market to understand the present and future trends in this market and formulate their strategies accordingly.