DUBLIN--(BUSINESS WIRE)--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.
- Increasing Demand for Remote Weapon Stations From Military Owing to Rising Conflicts
- Rise in Asymmetric Warfare
- Rising Need for Precision Remote Weapon Stations
- Declining Defense Budgets of Advanced Economies
- Increase in Research and Development (R&D)
- Growing Demand for Remote Weapon Stations From Emerging Economies
- Increasing Defense Expenditure of Emerging Economies
- Integration of Remote Weapon Stations With A Wide Range of Platforms
- High Development Cost of Remote Weapon Stations
- 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
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