Overview and Scope
A weapon mount refers to a weapon component that is used for securing an armament, a weapons and equipment used by armed forces. These mounts are designed to secure and support firearms, usually guns, onto a specific platform to optimize their performance and enable efficient use.
Sizing and Forecast
The weapon mounts market size has grown strongly in recent years. It will grow from $1.48 billion in 2023 to $1.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to military modernization programs, increase in defense budgets, focus on infantry mobility, rise in global security threats, special forces operations, urban warfare considerations.
The weapon mounts market size is expected to see strong growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to advancements in fire control systems, focus on modular weapon platforms, energy-efficient weapon mounts, increasing demand for non-lethal options, enhanced durability and reliability. Major trends in the forecast period include integration with unmanned systems, modular and versatile designs, remote weapon station (rws) technology, enhanced stabilization systems, integration of smart technologies.
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Segmentation & Regional Insights
The weapon mounts market covered in this report is segmented –
1) By Platform: Ground, Naval, Airborne
2) By Operation: Manned, Remotely Operated
3) By Application: National Defense, Security, Business Performance, Other Applications
Asia-pacific was the largest region in the weapon mounts market in 2023. The regions covered in the weapon mounts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased procurement and modernization programs by militaries are expected to propel the growth of the weapon mounts market going forward. Procurement and modernization programs refer to the methods and tactics employed by military organizations to obtain new weapons, equipment, and technologies that fulfill their operational requirements and bolster their mission capabilities. Weapon mounts are commonly used by militaries to securely attach firearms, such as machine guns to various ground platforms. They allow for greater stability and accuracy when firing, making them essential for military operations. For instance, in April 2022, according to the Stockholm International Peace Research Institute’s (SIPRI) report on Trends in World Military Expenditure 2021, a Sweden-based international research institute, the global estimated military expenditure in 2020 was $2113 billion, 0.7% increase in real terms compared to the previous year. Similarly, the United States’ military expenditure was $801 billion in 2021, primarily due to a focused investment in research and development and the implementation of various long-term projects such as the modernization of the US nuclear arsenal, large-scale arms procurement, and the modification of National Congress of Chile budget plan, that redirected $936 million for the modernization of the country’s F-16 fighter jet fleet. Therefore, the increased procurement and modernization programs by militaries is driving the growth of weapon mounts market going forward.
Key Industry Players
Major companies operating in the weapon mounts market report are Dillon Aero Inc., AEI Systems Limited, Military Systems Group Inc., Leonardo S.p.A., Rafael Advanced Defense Systems Ltd., Rheinmetall AG, Kongsberg Gruppen ASA, Raytheon Technologies Corporation, Elbit Systems Ltd., Saab AB, BAE Systems plc, FN Herstal S.A., Denel Vehicle Systems (Pty) Ltd., General Dynamics Ordnance and Tactical Systems Inc., Moog Inc., Otoker Otomotiv ve Savunma Sanayi AS, Thales Group, Lockheed Martin Corporation, Northrop Grumman Corporation, AeroVironment Inc., FLIR Systems Inc., Esterline Technologies Corporation, Curtiss-Wright Corporation, Meggitt plc, Cobham plc, Harris Corporation, L3 Technologies Inc., Trijicon Inc., Aimpoint AB, American Defense MFG LLC
The weapon mounts market report table of contents includes:
1. Executive Summary
2. Weapon Mounts Market Characteristics
3. Weapon Mounts Market Trends And Strategies
4. Weapon Mounts Market – Macro Economic Scenario
5. Global Weapon Mounts Market Size and Growth
…
31. Global Weapon Mounts Market Competitive Benchmarking
32. Global Weapon Mounts Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Weapon Mounts Market
34.Weapon Mounts Market Future Outlook and Potential Analysis
35. Appendix
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