The latest report on Remote Weapon Station Market by Infinium Global Research gives complete coverage of the Remote Weapon Station Market by technology (CIWS, remote-controlled gun systems), platform (land, airborne, naval), component (human interface machines, weapons, armaments, sensors), weapon type (lethal weapon, non-lethal weapon) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of Remote Weapon Station such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Increasing Deployment of Remote Weapon Stations on Combat Vehicles
The remote weapon station is also popularly known as the Remote weapon system (RWS). It is a remotely operated weaponized system often equipped with a surveillance system and fire control system for light-medium caliber weapons. These weapons systems can be installed on ground combat vehicles, air-based combat platforms or sea-based combat platforms. These types of equipment are mounted on modern military vehicles or may also be retrofitted onto existing vehicles and can also be integrated with a grenade launcher.
The interface and operating software permit the weapon system to be changed within minutes. The armaments such as machines guns to grenade launcher are automatically detected and the weapon station adapts it’s ballistic accordingly. The weapon station consists of a sophisticated weapon tower featuring electro-optical sights and allows the system to be operated from inside the vehicle with a high degree of precision to protect the gunner from being exposed.
The key factor contributing to the growth of the remote weapon station market is the increasing deployment of remote weapon stations on combat vehicles. This remote weapon station provides many benefits such as it provides fast and accurate aim and fire capabilities with high precision, also it can be integrated with existing technologies and infrastructure, seamless & convenient human-machine interface and provides minimal risk to the operator.
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The Rising Number of Cross Border Conflicts and Terrorist Activities are Fueling the Remote Weapon Station Industry
In addition, the rising number of cross border conflicts and terrorist activities are fueling the remote weapon station market. Also, the on-ongoing military modernization program is augmenting the growth of the market. However, mobility, maintenance, potential faults, reloading are some of the few examples of the downsides of having a remote weapon station (RWS), these downsides can act as a restraint for the growth of the market. Improvement in accuracy, the range of the weapons and safety of the gunner, development of Spot and Shoot weapons and increase in military budgets are some of the factors that can create lucrative opportunities for the remote weapon station market in upcoming years.
Among the Geographies, North America is the leading region in the remote weapon station market, followed by Europe. The U.S accounts for the major market share in the North America region owing to the highest defense expenditures. The U.S spends around 3.3% of its GDP on defense expenditures. According to a trusted source, In 2015 US defense spending outstripped that of China, Russia, the UK, France, Japan, Saudi Arabia and India combined.
The U.S is expected to remain dominant in the remote station weapon market throughout the forecast period, 2018-2024. In 2017, U.S president Trump had announced plans to increase the U.S defense budget in 2018 by $ 54 billion dollars in order to rebuild the depleted military of the U.S. Countries like Russia, U.K, and France are leading countries contributing to the growth of the Europe remote weapon station market. Furthermore, Countries like Saudi Arabia, India, and some South American countries are offering lucrative growth opportunities for the remote weapon station market in upcoming years on account of an increase in the defense budget and initiatives taken by the government to modernize the military.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the remote weapon station.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify