The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Weapon Mounts Global Market Report 2024 offers crucial insights into the weapon mounts market help businesses analyse and build stronger strategies.

Market Overview

The weapon mounts market has seen significant growth, increasing from $1.48 billion in 2023 to $1.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. Several factors have contributed to this robust growth:

• Military Modernization Programs: Continuous upgrades and modernization initiatives by various militaries worldwide.
• Increase in Defense Budgets: Higher allocations in defense budgets facilitate the procurement of advanced weapon mounts.
• Infantry Mobility Focus: Enhanced mobility and effectiveness of infantry units through improved weapon mount systems.
• Global Security Threats: Rising security threats necessitate advanced and reliable weapon mounts.
• Special Forces Operations: Increased operations by special forces units, requiring versatile and robust weapon mounts.
• Urban Warfare Considerations: Growing need for adaptable weapon mounts suited for urban combat scenarios.

Future Growth Projections

The market is expected to continue its growth trajectory, reaching $2.11 billion by 2028 at a CAGR of 7.2%. Key drivers for future growth include:

• Advancements in Fire Control Systems: Technological advancements leading to more precise and efficient weapon mounts.
• Focus on Modular Weapon Platforms: Development of modular systems that can be easily adapted to different weapons and scenarios.
• Energy-Efficient Weapon Mounts: Increasing demand for energy-efficient solutions.
• Non-Lethal Options: Rising preference for non-lethal weapon mounts.
• Enhanced Durability and Reliability: Focus on creating more durable and reliable weapon mounts.

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Major Trends

• Integration with Unmanned Systems: Growing trend of integrating weapon mounts with unmanned vehicles.
• Modular and Versatile Designs: Development of versatile and adaptable weapon mounts.
• Remote Weapon Station (RWS) Technology: Increased adoption of RWS technology for improved control and efficiency.
• Enhanced Stabilization Systems: Advancements in stabilization technology for better accuracy.
• Integration of Smart Technologies: Use of smart technologies to enhance weapon mount performance.

Rising Military Investment and Modernization Initiatives

Fueling Market Growth

The increased procurement and modernization programs by militaries are driving the growth of the weapon mounts market. These programs involve acquiring new weapons, equipment, and technologies to enhance operational capabilities.

• Example: According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure was estimated at $2113 billion in 2020, a 0.7% increase from the previous year. The US military expenditure in 2021 was $801 billion, driven by investments in research and development and long-term modernization projects.

Leading Companies

Major companies operating in the weapon mounts market include:

• Dillon Aero Inc.
• AEI Systems Limited
• Military Systems Group Inc.
• Leonardo S.p.A.
• Rafael Advanced Defense Systems Ltd.
• Rheinmetall AG
• And more…

Revolutionizing Firearm Technology

Technological Advancements

Technological advancements are a key trend in the weapon mounts market. Companies are introducing innovative products to maintain their market position.

• Example: In May 2021, Aimpoint launched the Acro P-2 Pistol Mounted Optic, featuring an enhanced LED emitter and a higher capacity battery, offering 50,000 hours of constant-on power. This advanced red dot sight provides faster and more accurate target acquisition and can be mounted on various firearms.

Strategic Acquisitions

Teledyne Technologies Acquires FLIR Systems

In May 2021, Teledyne Technologies acquired FLIR Systems for $8 billion. This acquisition enhances Teledyne’s portfolio of imaging and sensor solutions, providing opportunities for cross-selling to FLIR’s customer base.

• Example: FLIR Systems is known for its thermal vision weapon-mounted systems, thermal imaging cameras, night vision systems, and other sensing technologies.

Market Segmentation

By Platform

• Ground
• Naval
• Airborne

By Operation

• Manned
• Remotely Operated

By Application

• National Defense
• Security
• Business Performance
• Other Applications

Regional Insights

Asia-Pacific Leading the Market

Asia-Pacific was the largest region in the weapon mounts market in 2023 and is expected to maintain its position as the fastest-growing region during the forecast period. The region’s rapid military modernization, increased defense budgets, and rising security concerns drive the demand for advanced weapon mounts.

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The Weapon Mounts Global Market Report 2024  provides a comprehensive outlook of the weapon mounts market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The weapon mounts market forecast offers a thorough analysis on weapon mounts market size, weapon mounts market share, prominent players and their strategies.

The Table Of Content For The Weapon Mounts Market Include:
1. Weapon Mounts Market Executive Summary
2. Weapon Mounts Market Segments
3. Weapon Mounts Market Size And Weapon Mounts Market Growth Rate
4. Key Weapon Mounts Market Trends
5. Major Weapon Mounts Market Drivers
……
25. Key Mergers And Acquisitions In The Weapon Mounts Market
26. Top Weapon Mounts Companies
27. Weapon Mounts Market Opportunities And Strategies
28. Weapon Mounts Market, Conclusions And Recommendations
29. Appendix

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