Driven by increasing procurement of modern weapon systems, the weapon mounts market is anticipated to grow significantly by 2026. Technological advancements in the defense sector and huge investments in R&D are likely to drive overall industry growth. Gun mounting systems are now made using lightweight and sturdy materials. These mounts can be fixed on helicopters, small boats and land platforms. Manufacturers are increasingly forming long-term agreements with military engineers and technicians to produce weapon mounts that offer better efficiency.
Weapon mounts manufacturers are also developing modern platforms and related items for armored vehicles. For example, in 2018, key producer of weapon systems, Electro Optic Systems announced the launch of the R150, its new, ultra-light platform for remotely mounting weapon systems on protected vehicles.
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- Preference for remote weapon systems
Remotely-operated weapon mounts offer high accuracy and improved target control to a diverse number of weapons. The segment is projected to contribute to more than 25% of the overall revenue in the coming years as the systems offer maximum safety to the operators. The industry for manually-operated mounts is estimated to hold a major share considering the low prices and simplistic operations of the mounting systems.
Electro Optic Systems Pty Ltd (EOS), an Australian innovative firm, won a contract worth over $94 million to supply 251 remote weapon stations, to enhance the lethality of the protected mobility vehicles for the Australian Defense Forces in February 2020.
- Consistent demand across sea defense
Revenue from non-static weapon mounts is estimated to strike a CAGR of over 2.5% through 2026, due to a higher demand for low weight as well as portable monopods and bipods from sniper troops. Increasing adoption across infantry fighting and armored combat vehicles, as well as main battle and light tanks, will bring substantial share for the static weapon mounts market in the coming years.
The sea weapon mounts market share could reach more than USD 40 million by 2026, owing to an augmented demand for submarines, destroyers, frigates, corvettes, and coastal patrol crafts. There is a consistent rise in maritime territorial disputes, smuggling, and terrorist activities urging various countries to align in the process to strengthen their maritime competency to enforce the naval defense sector, subsequently boosting the business prospects for the overall market.
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Geographically, the Europe weapon mounts market is expected to register a CAGR of more than 2% by 2026. Countries like Denmark, UK, Italy, Belgium and the Netherlands are anticipated to acquire large deliveries of anti-submarine warfare aircrafts and combat aircrafts in the coming years. Moreover, countries in Central and Northern Europe have formed major military procurement programs due to growing conflicts with Russia, which may propel expansion of the regional market.
On a global scale, the weapon mounts market comprises of companies such as Saab AB, Rheinmetall AG, Elbit Systems Ltd., ST Engineering, Rafael Advanced Defense Systems, Moog Inc., Kongsberg Defense & Aerospace, and Electro Optic Systems. These firms are focusing on various business strategies such as new product development and differentiation, investments in R&D, among others.
Major Key Points from Table of Content:
Chapter 4. Weapon Mounts Market, By Type
4.1. Global market type insights
4.2.1. Market estimates and forecast, 2016 – 2026
4.2.2. Market estimates and forecast, by region, 2016 – 2026
4.3.1. Market estimates and forecast, 2016 – 2026
4.3.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 5. Weapon Mounts Market, By Mode of Operation
5.1. Global market mode of operation insights
5.2.1. Market estimates and forecast, 2016 – 2026
5.2.2. Market estimates and forecast, by region, 2016 – 2026
5.3. Remotely operated
5.3.1. Market estimates and forecast, 2016 – 2026
5.3.2. Market estimates and forecast, by region, 2016 – 2026
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