The Global Remote Weapon Station Market is estimated to reach USD 16.6 Billion by 2024 at 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.
Market Drivers:
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 $649 billion. This was driven by the plans made by US President Trump in 2017 for enabling new arms procurement programs.
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:
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.
The report on the Remote Weapon Station Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Technology, Components, Application, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
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
Remote Weapon Station Market, by Application
Remote Weapon Station Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Rising Demand for More Efficient Security Systems
4.2.2. Rise in Terrorist Activities and Warfare Conditions
4.3 Restraints
4.3.1 High Development Cost of Remote Weapon Station
4.4 Opportunities
4.4.1 Growing Investment in R&D for Defense Sector
4.5 Challenges
4.5.1 Complexity in Operating RWS
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 REMOTE WEAPON STATION MARKET BY TECHNOLOGY, Market Size in USD Million (2017—2024)
6.1 Introduction
6.2 Remote Controlled Gun Systems
6.3 Close-In Weapon Systems (CIWS)
6.4 Other Technologies
7 REMOTE WEAPON STATION MARKET BY COMPONENTS, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Human Machine Interface (HMI)
7.2.1 Gunners Display (GD)
7.2.2 Fire Control Panel (FCP)
7.2.3 Control Handle (CH)
7.2.4 Video Tracker (VT)
7.2.5 Others
7.3 Sight and Sensors
7.3.1 Laser Range Finder (LRF)
7.3.2 Charge-Coupled Device (CCD) TV
7.3.3 Infrared Radiation (IR)
7.3.4 Color Day Camera
7.3.5 Thermal Camera
7.3.6 Others
7.4 Weapons
7.4.1 Machine Guns
7.4.2 Automatic Grenade Launchers (AGL)
7.4.3 Caliber Canons
7.4.4 Non-Lethal Effects (NLE) Weapon
7.4.5 Others
7.5 Software
8 REMOTE WEAPON STATION MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
8.1 Introduction
8.2 Naval Platforms
8.3 Land Platforms
8.4 Airborne
9 REMOTE WEAPON STATION MARKET BY REGION, Market Size in USD Million (2017—2024)
9.1 North America
9.1.1 US
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 UK
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 India
9.3.3 Japan
9.3.4 South Korea
9.3.5 Australia
9.3.6 Rest of Asia-Pacific
9.4 Middle East & Africa
9.4.1 Israel
9.4.2 Saudi Arabia
9.4.3 UAE
9.4.4 Rest of Middle East & Africa
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 Kongsberg Gruppen AS
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 Raytheon Company
11.3 Saab AB
11.4 Leonardo SpA
11.5 BAE Systems plc
11.6 Electro-Optic Systems Hldg Ltd
11.7 Rheinmetall AG
11.8 Aselsan Elektronik Sanayi ve Ticaret AS
11.9 Rafael Advanced Defense Systems Ltd.
11.10 FN Herstal SA
11.11 Others
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
