Analysis of Remote Weapon System market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Over the years, the remote weapon systems are being utilized by different platforms in the military, predominantly by the ground forces.
Spending on the modernization of military equipment is on the rise. It is setting the tone for the growth of global remote weapon system market.
Key players in remote weapon system market are continually introducing upgraded machine systems to meet the requirements of the various economies. Remote weapon systems allow the warfighter to remotely engage targets with precision fire.
Moreover, with the heightened uptick in the demand for remote weapon systems in main battle tanks and armored fighting vehicles, it is estimated that the ground force segment will contribute 40% of the market revenues by the end of the forecast period.
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The use of sensor fusion technology along with sensor suite has become a key trend in different military appliances, which will directly proliferate the demand of remote weapon systems.
These technologies are being used to deliver enhanced detection and decision making actions during the war.
With the ongoing adoption of different sensor technologies by key players, various economies around the globe are rapidly adopting a more modern remote weapon system.
According to Fact.MR’s latest research, it is estimated that in the component segment, the weapons segment leads the market in terms of revenues but the sensor segment will grow at the rapid pace and is foreseen to witness a robust CAGR of 15% throughout the forecast period.
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Remote weapon systems are gaining popularity owing to the benefits offered in various weapons.
For instance, it improves combat effectiveness, 360° azimuth rotation, and increased sight to identify targets.
In the past, this technology was used by only the US military on its armored vehicle, but today it is showing rampant adoption by the military of developing economies such as India, China, and Iran.
Increasing defense budget to develop a robust remote weapon system in developing countries is also one of the main factors behind Asia Pacific’s lead in the global remote weapon system market.
Moreover, political instabilities, economic inequalities, and geopolitical issues are increasing, with that the demand for more modern tanks, weapons, and armored fighting vehicles are on rise.
On this premise, Fact.MR in its latest report estimates that the remote weapon system market in the Asia pacific region will account for 40% of the global revenues by 2029 end.
Market players are focusing on upgrading their product offerings and innovating newer technologies in remote weapon systems.
Some of the key players like
are rapidly adopting electro-optic sensors and fire control systems in their new offerings to attract broader economies of the world.
Also, prominent players are looking at demand from developed and developing economies to proliferate their sales figures, with the launch of competitive products in the market. Some of the latest developments in the market are-
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Fact.MR’s study on the remote weapon system market offers information divided into six important segments— component, technology, platform, weapon, mobility and region.
This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
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The global Remote Weapon System market is segmented on the component, technology, platform, weapon, mobility and region.
Major Key players present in the global market are: Rheinmetall AG, Elbit Systems, Kongsberg Gruppen.
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