$12.70 Billion Remote Weapon Station Market 2017 - Global Forecast 2022: Rise in Asymmetric Warfare & Rising Need for Precision Remote Weapon Stations - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Remote Weapon Station Market - Global Forecast 2022" report to their offering.

The remote weapon station market is projected to grow from USD 6.28 billion in 2016 to USD 12.70 billion by 2022, at a CAGR of 12.47% from 2016 to 2022.

The market for remote weapon stations is driven by several factors such as rising number of wars and cross-border disputes, rise in asymmetric warfare, and increasing military use of offensive weapons for tactical operations. The declining defense budgets of developed countries may also restrain the growth of the remote weapon station market in the U.S., the U.K., France, and Germany.

Based on technology, the remote weapon station market has been segmented into active weapons and non-lethal weapons. The remote weapon station market is expected to be dominated by the active weapons segment during the forecast period. This growth of the active weapons segment can be attributed to the increasing research and development activities being carried out worldwide for the development of advanced technologies combined with enhanced reliability and unmanned operations of weapon systems.

North America remote weapon station market is expected to grow at the highest CAGR during the forecast period. In North America, the U.S. is estimated to grow at the highest CAGR during the forecast period, primarily owing to technological advancements and rising incidences of armed conflicts or war against terrorism. The U.S. is one of the main manufacturers and end users of remote weapon stations across the globe, due to the rising number of terrorism in Syria, Iraq, and Afghanistan and threats received by the country. Remote weapon stations protect troops from direct firing.

Market Dynamics

Drivers

  • Increasing Demand for Remote Weapon Stations From Military Owing to Rising Conflicts
  • Rise in Asymmetric Warfare
  • Rising Need for Precision Remote Weapon Stations

Restraints

  • Declining Defense Budgets of Advanced Economies

Opportunities

  • Increase in Research and Development (R&D)
  • Growing Demand for Remote Weapon Stations From Emerging Economies
  • Increasing Defense Expenditure of Emerging Economies

Challenges

  • Integration of Remote Weapon Stations With A Wide Range of Platforms
  • High Development Cost of Remote Weapon Stations

Companies Mentioned

  • Aselsan A.S
  • BAE Systems, PLC.
  • Elbit Systems Ltd.
  • FN Herstal
  • General Dynamics Corporation
  • Kongsberg Gruppen
  • Leonardo- Finmeccanica
  • Rafael Advanced Defense Systems Ltd.
  • Raytheon Company
  • Rheinmetall AG
  • Saab AB

For more information about this report visit http://www.researchandmarkets.com/research/6vrc9t/remote_weapon

Contacts

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Related Topics: Missiles and Missiles Technology

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Missiles and Missiles Technology