Remote Weapon Station Market Research Report by Platform

Remote Weapon Station Market Research Report by Platform, by Technology, by Mobility, by Weapon Type, by Component

Market Overview
Global Remote Weapon Stations Market is projected to be valued at USD 19,680 Million by 2026, registering a CAGR of 10.93% from 2020 to 2026. Increasing defense expenditures by emerging economies have contributed significantly to the expansion of the remote weapon stations market. Furthermore, increasing contracts and mergers & acquisitions undertaken by companies is also expected to drive market growth during the review period. For example, in January 2018, Electro-Optics Systems (EOS) received a contract worth USD 600 million to provide 30mm remote weapons stations to an unnamed customer. The contract is deliverable in monthly shipments from 2018-2022, and follow-on awards for additional equipment, spare parts, servicing, and support are expected.

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Competitive Landscape
KONGSBERG (Norway)
Raytheon Technologies Corporation (US)
Elbit Systems (Israel)
Saab AB (Sweden)
Leonardo S.p.A. (Italy)
BAE Systems (UK)
Electro Optic Systems Pty Ltd (Australia)
Rheinmetall AG (Germany)
Market Segmentation
The Military Segment Dominated the Market in 2019: The military segment dominated the market in 2019, owing to the rapidly increasing defense budgets to innovate and develop robust remote weapon stations by emerging countries, such as the US, the UK, China, India, and others.

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Regional Analysis
Sensors Segment to Register the Highest Growth Rate: The sensors segment is expected to register the highest CAGR during the forecast period, 2020 to 2026. Increasing up-gradation of sensor suites that provide enhanced detection and decision-making capabilities is expected to drive the growth of the segment. Incorporating data from key sensors provides soldiers with the autonomous ability to quickly evaluate battlefield scenarios and respond efficiently to identify threats.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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