Summary
Remote Weapon Station Market Research Report by Platform (Airborne, Land, and Naval), Technology, Mobility, Weapon Type, Component, Application, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030
The Global Remote Weapon Station Market size was estimated at USD 4,700.23 million in 2022 and expected to reach USD 4,966.73 million in 2023, projecting growth at a CAGR of 5.89% to reach USD 7,430.11 million by 2030.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.
Cumulative Impact of COVID-19:
The outbreak of COVID-19 in early 2020 caused major disruptions in global markets, including the remote weapon station market. The pandemic created supply chain issues that led to delays in production and delivery times for RWSs. Furthermore, it also led to a decrease in orders due to reduced demand from defense contractors and decreases in military spending from governments worldwide.
Cumulative Impact of Russia-Ukraine Conflict:
The recent conflict between Russia and Ukraine has also had a significant impact on the RWS market. The conflict has resulted in international sanctions imposed on both countries, making it difficult for defense contractors to obtain components needed to produce RWSs. In addition, there have been delays in deliveries due to increased security measures at borders which have further harmed production and delivery times for RWSs.
Cumulative Impact of High Inflation:
High inflation rates worldwide have also affected the remote weapon station market. With currencies losing their value due to inflationary pressures, defense contractors are finding it increasingly difficult to purchase components required for producing RWSs at affordable prices, which is making it more expensive for them to produce these systems which are resulting in lower profits or even losses depending on their order size and margins.
Market Dynamics:
The market dynamics represent the ever-shifting landscape of the Global Remote Weapon Station Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.
- Drivers
- Growing military and defense spending and weapons trade worldwide
- Increasing focus on national security and need for improved weapons to curb attacks
- Rise of remote weapon stations for aging and light vehicles & guns
- Restraints
- Ethical and technical limitations in the development and use of remote weapon system
- Opportunities
- Introduction of advanced autonomous & remote weapon systems intended on AI and robotics
- Collaborative activities among governments and manufacturers to ensure improved weapon supply
- Challenges
- Lack of uniform safety and operational regulations regarding remote weapons
Market Segmentation & Coverage:
- Based on Platform, the market is studied across Airborne, Land, and Naval. The Airborne is further studied across Attack Helicopters and Fighter Aircraft. The Land is further studied across Armored Fighting Vehicles, Combat Vehicles, Ground Station, and Main Battle Tanks. The Naval is further studied across Amphibious Vessels, Corvettes, Destroyers, Frigates, Offshore Patrol Vessels (OPVs), Patrol & Mine Countermeasures Vessels, and Unmanned Surface Vehicles.
- Based on Technology, the market is studied across Close-in Weapon Systems and Common Remotely Operated Weapon Station (CROWS).
- Based on Mobility, the market is studied across Moving and Stationary.
- Based on Weapon Type, the market is studied across Lethal Weapon and Non-Lethal Weapon.
- Based on Component, the market is studied across Control System, Human Machine Interface, Sensors, Stabilization Unit, and Weapons & Armaments. The Sensors is further studied across Day Imaging Systems, Laser Designator, Laser Marker, Rangefinders, and Thermal Imagers. The Weapons & Armaments is further studied across Directed Energy Weapons, Guns, and Launchers.
- Based on Application, the market is studied across Homeland Security and Military.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
This research report categorizes the Global Remote Weapon Station Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Remote Weapon Station Market, including Ares Aeroespacial and Defense, Aselsan A.S, BAE Systems PLC, Burevestnik, C4i Communication, Elbit Systems Ltd., Electro Optic Systems Pty Ltd., ESCRIBANO MECHANICAL AND ENGINEERING LTD., Excelitas Technologies Corp., General Dynamics Mission Systems, Inc., Hanwha Group, HERSTAL SA, Israel Aerospace Industries, Kollmorgen Corporation, Kongsberg Gruppen ASA, Krauss-Maffei Wegmann GmbH & Co. KG, Leonardo S.P.A., MERRILL, Moog Inc., Nexter Group KNDS, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rheinmetall AG, Rostec State Corporation, Saab AB, Skyborne Technologies Pty. Ltd., ST Engineering, and Thales Group.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Remote Weapon Station Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Remote Weapon Station Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Remote Weapon Station Market?
- What is the competitive strategic window for opportunities in the Global Remote Weapon Station Market?
- What are the technology trends and regulatory frameworks in the Global Remote Weapon Station Market?
- What is the market share of the leading vendors in the Global Remote Weapon Station Market?
- What modes and strategic moves are considered suitable for entering the Global Remote Weapon Station Market?
