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Remote Weapon Station Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Remote Weapon Station Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • August 2018
  • 100 pages
  • ID: 5566919
  • Format: PDF
  • By Infinium


Table of Contents

The report on global remote weapon station market provides qualitative and quantitative analysis for the period of 2016 to 2024.

The report predicts the global remote weapon station market to grow with a CAGR of 8.1% over the forecast period of 2018-2024. The study on remote weapon station market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Remote weapon station is also popularly known as Remote weapon system (RWS). It is remotely operated weaponized system often equipped with surveillance system and fire control system for light medium caliber weapons. These weapons systems can be installed on ground combat vehicles, air based combat platforms or sea based combat platforms. This equipment’s are mounted on modern military vehicles or may also be retrofitted onto existing vehicles and can also be integrated with grenade launcher. The interface and operating software permit the weapon system to be changed within minutes. The armaments such as machines guns to grenade launcher are automatically detected and the weapon station adapt its ballistic accordingly. The weapon station consists of a sophisticated weapon tower featuring electro-optical sights and allows the system to be operated from inside the vehicle with high degree of precision to protect the gunner from being exposed.

The key factor contributing to the growth of the remote weapon station market is increasing deployment of remote weapon stations on combat vehicles. This remote weapon station provides many benefits such as it provides fast and accurate aim and fire capabilities with high precision, also it can be integrated with existing technologies and infrastructure, seamless & convenient human machine interface and provides minimal risk to operator. In addition, rising number of cross border conflicts and terrorist activities are fueling the remote weapon station market. Also, on-ongoing military modernization program is augmenting the growth of the market. However, mobility, maintenance, potential faults, reloading are some of the few examples of the downsides of having a remote weapon station (RWS), these downsides can act as restraint for the growth of the market. Improvement in accuracy, range of the weapons and safety of the gunner, development of Spot and Shoot weapons and increase in military budgets are some of the factors that can create lucrative opportunities for the remote weapon station market in upcoming years.

Among the Geographies, North America is the leading region in remote weapon station market, followed by Europe. U.S accounts for the major market share in the North America region owing to highest defense expenditures. The U.S spends around 3.3% of its GDP on defense expenditures. According to a trusted source, In 2015 US defense spending outstripped that of China, Russia, UK, France, Japan, Saudi Arabia and India combined. U.S is expected to remain dominant in remote station weapon market throughout the forecast period, 2018-2024. In 2017, U.S president Trump had announced plans to increase the U.S defense budget in 2018 by $ 54 billion dollar in order to rebuild the depleted military of the U.S. Countries like Russia, U.K and France are leading countries contributing to the growth of the Europe remote weapon station market. Furthermore, Countries like Saudi Arabia, India and some South American countries are offering lucrative growth opportunities for the remote weapon station market in upcoming years on account of increase in defense budget and initiatives taken by government to modernize the military.

The report on remote weapon station market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global remote weapon station market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global remote weapon station market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global remote weapon station market is segmented on the basis of technology, platform, component, weapon type and mobility.

Global Remote Weapon Station Market by Technology
- Remote Controlled Gun Systems

Global Remote Weapon Station Market by Platform
- Land
• Main Battle Tanks
• Armored Fighting Vehicle
• Others
- Airborne
• Fighter Aircraft
• Helicopter
- Naval
• Corvettes
• Offshore Petrol Vehicles
• Others

Global Remote Weapon Station Market by Component
- Human Interface Machines
- Weapons & Armaments
- Sensors

Global Remote Weapon Station Market by Weapon Type
- Lethal Weapon
• Small Caliber
• Medium Caliber
- Non-Lethal Weapon

Global Remote Weapon Station Market by Mobility
- Moving
- Stationary

Company Profiles
- Raytheon Company
- Elbit Systems
- Kongsberg Gruppen
- General Dynamics Corporation
- Leonardo S.P.A.
- Rafael Advanced Defense Systems
- Aselsan A.S
- Rheinmetall AG
- BAE Systems Plc
- Saab AB

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of remote weapon station market.
2. Complete coverage of all the segments in remote weapon station market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global remote weapon station market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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