Remote Weapon Station Market Is Estimated To Reach USD 16.6 Billion By 2024

Global Remote Weapon Station Market: Key Highlights

According to the new market research report “Remote Weapon Station Market by Technology (Remote Controlled Gun Systems), by Components (HMI, Sight and Sensors, Weapons), by Application (Naval, Land, Airborne), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2017 to 2024)”, the global Remote Weapon Station Market is estimated to reach USD 16.6 Billion by 2024 at a CAGR of around 11.8% during the review period.
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.
This system gives round observation, helps in recognizing and shooting multiple targeted objects and also protects soldiers from the attack.

Remote Weapon Station Market

Global Remote Weapon Station Market: Key Market Dynamics

Rising demand for more efficient security systems lead to enhance the force protection and situational awareness which may increase the market demand in the forecast period.
Rise in terrorist activities and warfare conditions includes international as well as national both which may lead to boost the market growth.
Growing investment in R&D for defense sector, helps to increase the rate of productivity growth and improve the technology adoption which may fuel the market growth.
Complexity in operating RWS and High development cost of remote weapon station may hinder the growth of the market as there is overly complex workflow in the market.

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Global Remote Weapon Station Market: Regional Overview

North America

The remote weapon station market in the North America region is projected to witness high demand due to the high production of aircraft in the region.

The US aerospace industry is the largest across the globe and contributed to around USD 374 billion of the country’s GDP in 2018. In the same year, the aerospace and defense exports of the country were USD 151 billion, which was an increase of 5.81% as compared to 2017. Moreover, extensive R&D spending in the aerospace & defense industry is likely to propel the demand for market.

Europe

With the rapid growth of the aerospace & defense industry in Europe, the demand for market is expected to increase. According to the Aerospace & Defense Industries Association of Europe, the total turnover stood at USD 281.67 billion in 2018. The country invested USD 21.76 billion in aerospace & defense R&D.

Global Remote Weapon Station Market: Key Players Overview

Kongsberg Gruppen AS

Kongsberg Gruppen AS is a technology company which provides high technology system and solution to the customer for the defense, merchant marine and for the oil and gas industries. The company is the world leading provider of Remote Weapon Stations (RWS). The protector of remote weapons station is used in land and sea, on mobile or static platform for the purpose of operational of payload. In 2020, the company has made a contract with General Dynamics Land Systems for the delivery of remote weapons stations to the Canadian Army valued 500 MNOK.

Saab AB:

Saab AB is defense and aerospace company which provides services and solution for the military defense to civil security. The family of Trackfire remote weapon station (RWS) develop electro-optical fire cobtrol platform for nael as well for land. It has design for military platform which includes vessels and static emplacements and vehicles. In 2018, the company contract by Patria for the major supplier across Finnish Navy Squadron 2000 Mid-Life Upgrade program.

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