Remote Weapon Station Market value $14.42 billion by 2023

1
According to the latest market research report
the Remote Weapon Station Market was valued at
7.67 billion in 2017 and is projected to reach
14.42 billion by 2023, at a CAGR of 11.20
during the forecast period. The growth can be
attributed to increasing incidences of
armed conflicts, war, and terrorism, which are
driving the demand for remote weapon stations
globally. This report covers the forecast of the
remote weapon station market and its dynamics
over the next 5 years, while also recognizing
market application gaps, recent developments in
the market, and high potential
countries. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id172094776 Based on platform, the land
segment is expected to lead the remote weapon
station market during the forecast period. Based
on platform, the remote weapon station market is
estimated to be led by the land segment in 2018
and is expected to continue to lead till 2023.
Emerging countries, such as China and India,
among others, are building large forces of
Infantry Fighting Vehicles (IFVs) and armored
vehicles. These countries are investing more in
automated technologies and focusing on
manufacturing a wide range of offensive fighting
vehicles. For instance, in 2016 India signed a
contract with Russia for the supply of 464 T-90
main battle tanks that will help the country
significantly in its offensive operations
vis-à-vis China and Pakistan. The sensors segment
is projected to grow at the highest CAGR during
the forecast period. The remote weapon station
market has been analyzed and segmented based on
component into human machine interface, sensors,
and weapons armaments. The remote weapon
station market is led by the weapons armaments
segment. The sensors segment is projected to
grow at the highest CAGR during the forecast
period. This growth can be attributed to the use
of the sensor fusion technology, and the sensor
suite, which continues to be upgraded to deliver
enhanced detection and decision-making.
Combining data from key sensors provides the
warrior an autonomous ability to rapidly
evaluate the overall tactical scenario and
respond efficiently to identify threats. Based
on region, Asia Pacific is projected to grow at
the highest CAGR during the forecast period
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The rapid growth of the remote weapon station
market in the Asia Pacific can be attributed to
the increasing defense budgets to innovate and
develop robust remote weapon stations by
emerging countries, such as China and India. For
instance, India-based companies, such as
Mahindra Defense Systems and Bharat Electronics,
recently launched their newly developed remote
weapon stations for armored vehicles. China is
estimated to account for the largest share of the
Asia Pacific remote weapon station market in
2018. This rapid growth can be attributed to the
increasing research development activities
undertaken in the region for the development of
advanced technology-based designs of remote
weapon stations. Key Market Players Kongsberg
Gruppen (Norway), Raytheon Company (US), Elbit
Systems (Israel), Saab AB (Sweden), Leonardo
S.p.A. (Italy), BAE Systems (UK), Rheinmetall AG
(Germany), ASELSAN A.S (Turkey), and FN Herstal
(Belgium). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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