Global Weapon Mounts Market to Reach US$2.5 Billion by 2030
The global market for Weapon Mounts estimated at US$1.7 Billion in the year 2023, is expected to reach US$2.5 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2023-2030. Non-Static Mounts, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the Static Mounts segment is estimated at 5.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$448.1 Million While China is Forecast to Grow at 8.3% CAGR
The Weapon Mounts market in the U.S. is estimated at US$448.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$551.3 Million by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
Global Weapon Mounts Market - Key Trends and Drivers Summarized
Weapon mounts are mechanical assemblies that facilitate the attachment, stabilization, and operation of firearms or other projectile weapons on platforms such as vehicles, aircraft, naval ships, or stationary installations. These systems are crucial for enhancing the accuracy, range, and usability of the weapons they support, and they often include features for recoil management, elevation and traverse adjustments, and quick weapon change capability. Depending on their design and application, weapon mounts can range from simple fixed mounts for small arms to complex, motorized mounts for heavy artillery and automated turrets.
The weapon mounts market is currently experiencing a surge in demand, driven by technological advancements and the need for enhanced situational awareness and rapid deployment capabilities in military and law enforcement scenarios. Encouraging demand stems from ongoing modernization of military equipment, increased defense spending by nations worldwide, and the rising demand for advanced vehicular combat systems. As countries seek to enhance their military capabilities in response to evolving security threats, there is a significant push to upgrade and retrofit existing military vehicles and naval vessels with more sophisticated weapon mounting solutions. The trend is further driven by the shift towards asymmetric warfare, where the ability to rapidly adapt and respond to unconventional threats is paramount. Additionally, the integration of weapon mounts with electronic aiming and targeting systems is becoming increasingly common, which requires more advanced mounting solutions capable of supporting high-tech equipment.
The push for rapid deployment and ease of use in various terrains and scenarios is also influencing the market, with a notable increase in demand for lightweight and adaptable weapon mounts. This demand is further fueled by global trends in troop modernization and the adoption of lightweight equipment, which aim to enhance mobility and reduce logistical burdens. Gun mounts are specifically engineered to improve recoil absorption and reduce vibration, ensuring a more stable and controlled shooting experience. Additionally, stringent government regulations and the necessity to adhere to international standards in the manufacturing of weapon mounts are pushing manufacturers towards higher quality and compliance. However, the market faces challenges such as the high costs associated with advanced mounts and the presence of counterfeit products, which can impede growth. The lack of global regulatory oversight and standardization further complicates the market landscape, posing obstacles to consistent quality and interoperability of weapon mounts across different regions and forces. Looking forward, advancements in materials science are likely to produce lighter, stronger, and more adaptable mounts to meet the diverse needs of modern military operations, focusing on enhancing mobility and reducing logistical burdens.
Select Competitors (Total 34 Featured) -Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook