Remote Weapon Station Market 2019 Dynamics Trends, Comprehensive Analysis, BusiPosted by Manik on February 19th, 2020
Remote Weapon Station Market: SummaryThe Global Remote Weapon Station Market is estimated to reach USD 16.6 Billion by 2024 at a CAGR of 11.8 %. Reliable weapons are a need for any countries defense system and remote weapon station is one of them. Remote weapon stations act as a force multiplier which provides a higher ability to accomplish the mission. This weapon system can be used remotely with wireless capability for vehicles, base stations, armored and unmanned vehicles so that the operator is protected from the danger zones. These weapon stations are mounted on land, naval and air-based platforms and can support machine guns, anti-tank missile launchers, automatic grenade launchers, and small caliber & medium caliber. This system gives round observation, helps in recognizing and shooting multiple targeted objects and also protects soldiers from the attack. Remote Weapon Station Market: Drivers & Restraints Market Drivers: Rising Demand for More Efficient Security Systems The world’s armed forces require the latest technology to protect and provide successful outcome’s in any war and post-conflict situation. And for this, it is essential to have highly mobile and well-armed weapons. Remote weapon station act as a force multiplication provides improvements in efficient responses and delays and assists in boosting combat efficacy. Rise in demand for a better security system is anticipated to push the market growth higher. Also, higher spending on efficient security systems to boost safety and security is projected to fuel the market growth. For instance, in 2018, USA leads by being the largest military spender in the world by reaching military spending up to 9 billion. This was driven by the plans made by US President Trump in 2017 for enabling new arms procurement programs. Rise in Terrorist Activities and Warfare Conditions In recent year’s terrorist activities and regional conflicts create a virulent threat to the entire world’s security. According to country reports on terrorism, worldwide 8,093 terrorist attacks occurred in 2018. On the global terrorism index for 2019, Afghanistan ranked first with 9,961 attacks in 2018. The remote weapon station is exceptionally suitable in urban warfare as it can be remotely operated to target multiple objects. Hence, the rise in terrorist activities and warfare conditions is expected to boost the growth of remote weapon station market during the forecast period Market Restraints: High Development Cost of Remote Weapon Station In modern war, any country’s army needs the latest technologies to protect and provide successful outcomes however high cost of technologies often hamper the market growth. For remote weapon stations, the development cost is often associated with improvement in weapon integration, advancement to sensors, the latest electronic systems, materials, vehicle components, and others which increases the overall product cost. Therefore, the high development cost of remote weapon station is expected to restrain the market during the forecast period. Remote Weapon Station Market: Key Segments
Remote Weapon Station Market: Report Segmentation For the scope of the report, In-depth segmentation is offered by Forencis Research Remote Weapon Station Market, by Technology
Remote Weapon Station Market, by Components Human Machine Interface (HMI)
Sight and Sensors
Weapons
Remote Weapon Station Market, by Application
Remote Weapon Station Market, by Region Asia-Pacific
North America
Europe
Middle East and Africa
South America
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