Global Remote Weapon Station Market Analysis & Trends - Industry Forecast to 2030
Remote Weapon Station: Market Size
From $7.99 billion in 2024, the global Remote Weapon Station market is projected to reach $13.72 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 9.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include, rising incidences of asymmetric warfare, increasing defense expenditure and increasing demand from various countries.
Global Remote Weapon Station Market: Market Dynamics
The increasing military modernization programs across the major countries of the world, and rising demands for high-precision warfare vehicles in the defense sector across the globe are driving the adoptions of these systems. The rising adoption of advanced weaponry systems especially in emerging economies is fueling the growth of the market.
For instance, a remote weapon station improves combat effectiveness, 360° azimuth rotation, and increased sight to identify targets. In the past, this technology was used by only the US military on its armored vehicle, but today it is showing rampant adoption by the military of developing economies such as India, China, and Iran.
On the other hand, it provides many benefits such as fast and accurate aim and fire capabilities with high precision. Also, it can be integrated with existing technologies and infrastructure, seamless & convenient human-machine interface, and provides minimal risk to the operator. Moreover, the rising numbers of cross border conflicts and terrorist activities are fueling the remote weapon station market.
Impact of COVID-19 on Remote Weapon Station
The coronavirus outbreak is likely to result in further issues of economic variation and political instability around the world. Remote weapon systems with varying autonomous functionalities are expected to gain demand by governments looking to effectively handle the current coronavirus outbreak. Law enforcement agencies are increasingly paying attention to the potential applications of drone systems to track the potential spread of the coronavirus outbreak. Non-lethal weapons and remote-controlled systems could provide major tactical benefits.
By Platform
Land Segment Dominate the Market in 2024
The land segment made huge revenue in 2024 and growing its prominence during the forecast period due to increased focus on close combat warfare systems, and demand for soldier safety on a battleground. In addition, the growth in the procurement of armored vehicles and unmanned ground vehicles has necessitated the demand for the RWS installed on these ground vehicles.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific is likely to have a huge demand in the forecast period owing to the increasing investments in the defense sector to develop remote weapon stations and rising R & D activities for the development of advanced technology-based designs of remote weapon stations in the region.
List of the Key Players profiled in the market Include: • ASELSAN A.S.
• BAE Systems
• China North Industries Corporation
• Elbit Systems
• Electro Optic Systems
• FN Herstal
• General Dynamics Corporation
• Imi Systems
• Kongsberg Gruppen
• Leonardo – Società Per Azioni
• Rafael Advanced Defense Systems Ltd.
• Raytheon Company
• Rheinmetall AG
• Saab AB
• St Engineering
List of the regions/countries profiled in the market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others