Weapon Mounts Market

Report Scope & Overview:

Weapon Mounts Market Size was valued at USD 1.63 billion in 2022, expected to reach USD 2.99 billion by 2030, and grow at a CAGR of  7.9% over the forecast period 2023-2030.

The global weapon mount market is expected to grow significantly in the coming years, owing to increased demand from countries' modernization plans for their forces. A weapon mount is a piece of equipment used to hold weapons such as guns and snipers. Weapon mounts are classified into two types: static mounts and non-static mounts. Static weapon mounts are either directly mounted on the ground or integrated into the vehicle, whereas non-static weapon mounts are portable, meaning they can change position and revolve. New laser weapon innovations also pave the way for the growth of the weapon mounts market, as the DRDO recently tested a laser weapon mounted on a truck.

Territorial and political conflicts between major economies have increased the need for tactical and military precautions. Furthermore, prominent defence systems are focusing on the acquisition of advanced war equipment with low operational costs. As a result, are likely to have a positive impact on the market during the forecast period. Because of technological advancements in the mounting mechanism, mounted weapons can now be operated in both static and non-static modes. These mounts can be modified and converted to fit the dimensions of various weapons such as automatic guns, machine guns, and others. The mounts can also be operated both directly and remotely.

MARKET DYNAMICS:

KEY DRIVERS:

• The urgent demand for remote weapon stations may propel the weapon mount market.

• Militaries around the world are increasing their purchases of armoured vehicles, helicopters, machine guns, and aircraft.

RESTRAINTS:

• Weapon mounts are extremely durable, eliminating the need for replacement.

• Existing Platforms Have Saturated Demand

OPPORTUNITIES:

• Plans for Weapons Modernization Around the World

• Mounts with High Stability for Remotely Operated Weapon Systems

CHALLENGES:

• High Technical Expertise is Required for the Development of Weapon Mounts for Remote Operations

• The involvement of vulnerable and critical materials that necessitate higher manufacturing standards is also regarded as the primary challenge for the growth of the weapon mounts market.

THE IMPACT OF COVID-19

The COVID 19 pandemic has reduced production rates across several industrial verticals, affecting industry growth as a result of reduced industrial activities. Due to government restrictions, maintenance activities were also reduced, resulting in a decrease in demand for spare parts for the weapon mounts industries. On the other hand, as the government relaxes pandemic regulations, developing regions such as Asia-Pacific, the Middle East, and the UAE announce ambitious plans to acquire several armoured mounted vehicles.

The naval platform segment of the weapon mounts market is expected to grow at the fastest CAGR from 2022 to 2028. Several countries are updating their naval fleets with remote weapon stations, new close-in weapon stations, and armaments. With the modernization of the naval fleet, the demand for weapon mounts rises. Furthermore, countries such as the United States, Canada, India, China, and Japan are increasing their procurement of naval ships such as destroyers, aircraft carriers, and corvettes, among others, which is driving the market. The weapon mounts market is divided into static mounts and non-static mounts based on mount type. During the forecast period, the static mounts segment is expected to lead the market. The demand for weapon mounts such as turrets and coaxial mounts is driving growth in this segment. Additionally, rising demand for remote weapon stations for armoured vehicles and navy ships is likely to fuel the weapon mounting market.

MARKET KEY PLAYER

Saab AB, Dillion Aero, Elbit Systems, BAE Systems, AEI Systems Ltd., FN Herstal, Capco LLC., and ISTEC Services Ltd., Raytheon Company, KONGSBERG, and other players.

MARKET SEGMENTATION:

By Platform

• Ground

• Naval

• Airborne

By Mode of Operation

• Manned

• Remotely Operated

By Mount Type

• Static Mount

• Tripods

• Non-Static Mount

By Weapon Compatibility 

• Machine guns

• Automatic canons

• Automatic rifles

• Gatling guns

• Sniper rifles

REGIONAL ANALYSIS

Asia Pacific was the largest arms market. China, India, Japan, South Korea, North Korea, and Pakistan are among the major players investing in defense operations. Growing tensions between the countries in the region and the need to strengthen defense forces are likely to create a market environment.

Ongoing conflicts between the US and Iran have led to the development of defense programs for relevant countries, so the need for mountains is expected to grow over time. The advanced arms commission and parts of the US defense system are expected to support the market in the forecast period. Increased investment in defense by major economies including the U.K., Germany, France, and Russia is expected to boost the acquisition of developed weapons systems, thus, supporting the market on a positive note.

In the Middle East and Africa, the market is expected to grow at the expected pace due to high investment in defense systems. Saudi Arabia, the UAE, Iran, and Iraq have invested significantly in their military and air force and, therefore, have had a positive impact on the market.

Value chain analysis

Countries such as the United States and the Asia-Pacific region anticipate faster growth in the industry due to increased demand for ground, naval, and airborne platforms. Static mounts, which include turrets, coaxial mounts, fixed mounts, and pedestals, are in higher demand than other types. Static mounts are increasingly being used in harsh terrains such as sea-based platforms and land-based platforms. Because some military sectors have a higher demand for portability, they use non-static mounts. The armoured vehicles also make extensive use of weapon mounts, as well as fire control and command control systems. These vehicles could be equipped with machine guns, which has boosted the overall growth of the weapon mounts industry in recent years.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America