The weapon mounts market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.
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.
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With the surging development of advanced weapons, the demand for mounts is likely to increase, to hold these weapons. Citing an instance, in June 2020, Leonardo DRS, a renowned defense contractor company, reportedly announced that their counter-drone experts would develop, build, and deploy a military vehicle-mounted weapon for detecting, disabling or destroying small UAVs such as commercial quadcopters which are functioning as airborne IEDs.
The officials of the U.S. Army Contracting Command at Redstone Arsenal, Ala., also announced a 5-year contract worth $189.8 million to the Leonardo DRS land Systems segment located in St. Louis. The contract is mainly for building and supporting the M-LIDS.
In terms of application, the sea weapon mount segment is likely to reach a valuation of approximately $40 million by the end of the analysis timeline. Nations are increasingly procuring submarines, patrol crafts, corvettes, frigates, and destroyers, thereby supporting their naval defense mechanisms, which will boost the demand for weapon mounts over the coming years.
Several countries are considering reinforcing maritime capability, which would help in strong growth of the naval defense sector. Sea-based applications are also expected to increase because of the rising terrorist activities, surging maritime territorial conflicts, and smuggling, that are expected to support the industry in the estimated time period.
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On the geographical front, weapon mounts market in Europe will witness nearly 2% CAGR through the forecast time period due to increasing cooperation between EU members for the development of armaments. U.S. being a main supplier is likely to face competition from European suppliers over the coming years. In fact, countries like the United Kingdom, Italy, the Netherlands, Denmark, and Belgium are expected to procure vast deliveries of anti-submarine warfare aircrafts and combat aircrafts in the future.
Moog Inc., Kongsberg Defense & Aerospace, Rafael Advanced Defense Systems, ST Engineering, Elbit Systems Ltd., Rheinmetall AG, Electro Optic Systems, and Saab AB among many others are some of the key players operating in the weapon mounts market.
Major Key Points from Table of Content:
Chapter 4. Weapon Mounts Market, By Type
4.1. Global market type insights
4.2. Static
4.2.1. Market estimates and forecast, 2016 – 2026
4.2.2. Market estimates and forecast, by region, 2016 – 2026
4.3. Non-static
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. Manual
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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