This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Remote Weapon System Market

Remote Weapon System Market

Remote Weapon System Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Remote Weapon System Market
FACT4614MR
  • Mar-2020
  • List of Tables : 414
  • List of Figures : 160
  • 170 Pages
  • Industrial Goods

Sales of Remote Weapon System to See an Upward Trend on Ground Platforms

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.

remote weapon system market 02

Sensor Technology Segment to Grow Two-Fold through 2029

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.

remote weapon system market 01

Developing Economies to be Frontrunners in the Remote Weapon System Market

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.

Electro-Optic Sensors to Become the Prime Focus for Key Market Actors

Market players are focusing on upgrading their product offerings and innovating newer technologies in remote weapon systems.

Some of the key players like

  • Rheinmetall AG
  • Elbit Systems
  • Kongsberg Gruppen

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-

  • In 2019, General Dynamics Ordnance and Tactical Systems, a renowned player in remote weapon system launched SAMSON MK I which has various specifications like dual-axis, and gyro-stabilization. It also has a 25mm to 30mm main gun and a 7.62mm coaxial machine gun and smoke grenade launcher.
  • In 2018, Electro Optic Systems Pty Ltd, a well-known manufacturer of remote weapon systems launched ultra-light R150, a lightweight platform for remotely mounting weapon systems on protected vehicles.

Avail customized purchase options for your needs

Key Segments of the Remote Weapon System Market

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.

Component

  • Weapons
  • Human Machine Interference
  • Sensor Module

Technology

  • Close-in Weapon Systems
  • Remote Controlled Gun Systems
  • Others

Platform

  • Ground Forces
  • Marine Forces
  • Aerial Forces

Weapon

  • Lethal Weapons
  • Non-Lethal Weapons

Mobility

  • Stationary
  • Moving

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • MEA
  • Oceania

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Airflow Management Market

Airflow Management Market research report covers detailed information on Global Airflow Management M...

Pressure Calibration Equipment Market

Pressure Calibration Equipment Market to witness the growth of 6% by 2031. High demand from chemical...

Voltage Tester Market

The voltage tester market is set to witness an impressive CAGR of 6% during 2021-2031. The Electrica...

Grinding Machines Market

Grinding machine market is anticipated to expand at an impressive CAGR of close to 6% and is poised ...

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.