The Remote Weapon Station Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Remote Weapon Station Global Market Report 2024, The remote weapon station market size has grown rapidly in recent years. It will grow from $11.96 billion in 2023 to $13.36 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to military modernization programs, enhanced situational awareness, focus on soldier safety, urban warfare considerations, counter-terrorism operations, deterrence and force projection.
The remote weapon station market size is expected to see rapid growth in the next few years. It will grow to $20.29 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to increasing hybrid warfare threats, focus on scalability and modular design, global peacekeeping operations, shift towards unmanned ground vehicles, focus on rapid deployment, climate and terrain adaptability, development of directed energy weapons. Major trends in the forecast period include integration of advanced technologies, miniaturization and lightweight design, enhanced connectivity and network integration, modularity and customization, increased automation and autonomy, focus on precision and accuracy, electromagnetic pulse (emp) hardening.
The increase in demand for remote weapon stations for military applications is expected to propel the growth of the remote weapon station market going forward. A remote weapon station is a unit of remotely controlled equipment used in aircraft, ships, and ground vehicles employed in open combat scenarios. Remote weapon stations help the military sector by enhancing precise target engagement against fixed and moving targets, tackling cross-border conflicts, peacekeeping actions, humanitarian operations, and others to improve the nation’s security. For instance, in January 2021, according to the Mittler Report Verlag GmbH article, a Germany-based journal website, approximately 23 countries are using the PROTECTOR family of RWS (remote weapon stations) that range from 5.56 mm MG up to 30 mm cannon and anti-tank guided weapons) to enhance their nation’s security. Therefore, increasing demand for remote weapon stations for military applications is driving the growth of the remote weapon stations market.
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The remote weapon station market covered in this report is segmented –
1) By Component: Payload, Sensors, Human Machine Interface (HMI), Fire Control Station, Other Components
2) By Technology: Close-in Weapon Systems, Remote Controlled Gun Systems, Other Technologies
3) By Platform: Land, Naval, Airborne
4) By Application: Military, Homeland Security
Top Major Players:
Aselsan A.S.
BAE Systems PLC
Elbit Systems Ltd.
Electro Optic Systems Pty Ltd.
General Dynamics Corporation
Europe was the largest region in the remote weapon station market in 2023.
Technological advancements are the key trend gaining popularity in the remote weapon station market. Major companies operating in the remote weapon station market are developing new technologies to sustain their position in the remote weapon station market. For instance, in May 2022, Electro Optic Systems, an Australia-based company that develops and produces electro-optic technologies for the defense, space, and communications markets, launched the R400 Marine (R400-M) remote weapon station (RWS). The unique features of the R400 Marine (R400-M) include a machine gun, a 30 mm lightweight cannon, and an automatic grenade launcher with improved integrated ballistic technology. It analyses range and ambient environment data, weapon and ammunition data, vehicle attitude and dynamics, and attitude and dynamics data to provide the first-round hit probability.
The remote weapon station market report table of contents includes:
1. Executive Summary
2. Remote Weapon Station Market Characteristics
3. Remote Weapon Station Market Trends And Strategies
4. Remote Weapon Station Market – Macro Economic Scenario
5. Global Remote Weapon Station Market Size and Growth
…..
26. Global Remote Weapon Station Market Competitive Benchmarking
27. Global Remote Weapon Station Market Competitive Dashboard
28. Key Mergers And Acquisitions In The Remote Weapon Station Market
29. Remote Weapon Station Market Future Outlook and Potential Analysis
30. Appendix
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