qazimnmWeapon Mounts Market worth $1.8 billion by 2025 - PowerPoint PPT Presentation

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qazimnmWeapon Mounts Market worth $1.8 billion by 2025

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The weapon mounts market size is projected to grow from USD 1.1 billion in 2019 to USD 1.8 billion by 2025, at a CAGR of 7.7% from 2019 to 2025. – PowerPoint PPT presentation

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Title: qazimnmWeapon Mounts Market worth $1.8 billion by 2025


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Weapon Mounts Market worth 1.8 billion by
2025 The report "Weapon Mounts Market by Mount
Type (Turret, Coaxial, Fixed, Pintle/Pedestal,
RWS, Swing Arm, Monopods, Bipods, Tripods),
Platform (Ground, Naval, Airborne), Mode of
Operation, Weapon Compatibility, and Region -
Global Forecast to 2025", is projected to grow
from USD 1.1 billion in 2019 to USD 1.8 billion
by 2025, at a CAGR of 7.7 from 2019 to 2025.
The growth of the market can be attributed to the
increasing procurement of armored vehicles,
rotorcraft, machine gun,and aircraft by
militaries globally, and ongoing modernization of
naval platforms by various countries among
others.
Download PDF Brochure https//www.marketsandmarke
ts.com/pdfdownloadNew.asp? id75671571 Based on
platform, the naval segment is projected to lead
the weapon mounts market during the forecast
period. Based on platform, the market is
projected to be led by the naval segment from
2019 to 2025. This segment is expected to grow
during the forecast period due to factors such as
the continual upgrades of weapon systems on
ships such as destroyers, frigates, and
corvettes, among others. Additionally, the
procurement of new battleships by countries such
as India, China, the US, and Saudi Arabia, among
others, is also driving the market for naval
weapon mounts. The static mounts segment is
projected to lead the weapon mounts market from
2019 to 2025. Based on mount type, the static
mounts segment is projected to lead the weapon
mounts market during the forecast period. The
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high demand for remote weapon stations is a key
contributor to the growth of this segment.
Demand for remote weapon stations can be
attributed to the significant investments made by
countries such as the US, Saudi Arabia, India,
China, and South Korea to upgrade their armored
vehicles fleet to include remote weapon
stations. Asia Pacific is projected to be a high
growth market for weapon mounts during the
forecast period. The weapon mounts market in Asia
Pacific is projected to grow at the highest CAGR
during the forecast period. Various border
disputes between countries such as China, India,
Pakistan, Afghanistan, North Korea, and South
Korea, among others, are driving these countries
to increase their investment in defense
technology, which includes the procurement of
armored vehicles, combat aircraft, naval ships,
and weapons for soldiers, among others. In 2020,
FN Herstal secured a contract worth USD 110
million for the supply of 2,620 FN SCAR H PR
rifles from the French Ministry of Defense under
its Fusil de Précision Semi-Automatique (Semi-
Automatic Precision Rifle, FPSA) program. The
contract includes the supply of a total of 2,620
rifles with day sights and accessories such as
bipods and suppressors. In 2018, ISTEC Services
Ltd. secured a contract worth USD 334,870 for
the supply of weapon mounts to the Canadian
Ministry of Defense. In 2018, Leonardo S.P.A
signed a contract with the German Federal Agency
for Military Procurement (Bundesamt für
Ausrüstung, Information Technology and Nutzung
der Bundeswehr) for the supply of seven OTO
76/62 systems (Super Rapid version) to equip the
K130 corvettes of the German Navy. Major players
in the weapon mounts are Kongsberg Gruppen
(Norway), Raytheon Company (US), Elbit Systems
(Israel), Saab
3
AB (Sweden), BAE Systems (UK), Dillion Aero (US),
AEI Systems Ltd. (UK), FN Herstal (Belgium),
Capco LLC. (US), and ISTEC Services Ltd. (UK),
among others. Dont miss out on business
opportunities in Weapon Mounts Market. Speak to
our analyst and gain crucial industry insights
that will help your business grow. About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
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