Remote Weapon Station Market to Witness the Highest Growth in Asia Pacific Region

1
Remote Weapon Station Market to Witness the
Highest Growth in Asia Pacific Region The Remote
Weapon Station Market was valued at USD 7.67
billion in 2017 and is projected to reach USD
14.42 billion by 2023, at a CAGR of 11.20 during
the forecast period. 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. Key Market Players
Kongsberg (Norway), Company
Gruppen Raytheon Elbit
(US),
Systems (Israel), Saab AB (Sweden), Leonardo
S.p.A. (Italy), BAE Systems (UK), Rheinmetall
AG (Germany), ASELSAN A.S (Turkey), and FN
Herstal (Belgium). 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
2
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 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. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id172094776
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