Charting Growth: The Global Weapon Mounts MarketPosted by Amrut Mahajani on September 6th, 2023  The Weapon Mounts Market is on a trajectory of substantial growth, with a projected increase from .1 Billion in 2019 to .8 Billion by 2025. This journey is characterized by a robust CAGR of 7.7% during the forecast period. Several key factors are expected to propel the demand for the Weapon Mounts Industry, including heightened procurement and modernization programs initiated by global militaries. Additionally, the surging need for remote weapon stations and turrets for armored vehicles and naval ships is poised to play a pivotal role in market expansion. Request Sample PDF Report (Use Corporate E-mail ID for Higher Priority): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75671571 Exploring the Weapon Mounts Market Dynamics Platform Prowess: Naval Segment Takes the Lead The platform on which weapon mounts are deployed plays a critical role, and the naval segment is anticipated to lead the charge in terms of growth. Over the forecast period from 2019 to 2025, the naval segment is projected to exhibit the highest Compound Annual Growth Rate (CAGR). This is attributed to multiple countries modernizing their naval fleets, incorporating remote weapon stations, new close-in weapon stations, and advanced armaments. The procurement of naval ships, including destroyers, aircraft carriers, and corvettes, by countries such as the US, Canada, India, China, and Japan, is a driving force behind the increased demand for weapon mounts. Weapon Compatibility: Automatic Cannons at the Helm The weapon mounts market is segmented based on weapon compatibility, and the automatic cannons segment is expected to take the lead from 2019 to 2025. This is primarily due to the global rise in armored vehicle procurement. Furthermore, modernization initiatives aiming to install remote weapon stations and turrets armed with advanced weaponry are propelling the weapon mounts market forward. Mount Types: Static Mounts Rule In the realm of mount types, static mounts are anticipated to dominate the market during the forecast period. The demand for static mounts, including turrets and coaxial mounts, is a significant driving factor. Moreover, the surge in requests for remote weapon stations for both armored vehicles and naval ships is expected to further bolster the market for weapon mounts. Regional Influence: Asia Pacific at the Helm Regionally, the Asia Pacific region is poised to wield considerable influence, accounting for the largest share of the market from 2019 to 2025. This dominance can be attributed to the escalating demand for weapon mounts across ground, naval, and airborne platforms. Speak to an Analyst Or Face-to-face Meeting: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=75671571 Key Industry Players: Leading the Way The Weapon Mounts Companies landscape is marked by established global players such as Kongsberg Gruppen (Norway), Raytheon Company (US), Elbit Systems (Israel), Saab AB (Sweden), BAE Systems (UK), Dillion Aero (US), AEI Systems Ltd. (UK), FN Herstal (Belgium), Capco LLC. (US), and ISTEC Services Ltd. (UK), among others. These industry leaders have strategically embraced growth measures, including contracts, new product launches, acquisitions, partnerships, and collaborations, to expand their foothold in the dynamic weapon mounts market. The Weapon Mounts Market is poised for impressive growth, propelled by a confluence of factors including military modernization initiatives and the rising need for advanced weapon systems. As the market continues to evolve, industry players will play a pivotal role in shaping its trajectory. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Contact: Mr. Aashish Mehra Like it? Share it! More by this author |