Weapon Mounts Market Rising Trends, Competitive Analysis, Growth, Future Scope And Forecast By 2032 With Covered Top Companies: Dillon Aero Inc., AEI Systems Limited, Military Systems Group Inc., Leonardo S.p.A

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Weapon Mounts Market Size, Growth Rate, And Forecast

The global weapon mounts market size is expected to grow from $1.37 billion in 2022 to $1.48 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global weapon mounts market size is expected to reach $1.96 billion in 2027 at a CAGR of 7.3%.

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Weapon Mounts Market Drivers

The increased procurement and modernization programs by militaries are expected to propel the growth of the weapon mounts market going forward. Procurement and modernization programs refer to the methods and tactics employed by military organizations to obtain new weapons, equipment, and technologies that fulfill their operational requirements and bolster their mission capabilities. Weapon mounts are commonly used by militaries to securely attach firearms, such as machine guns to various ground platforms. They allow for greater stability and accuracy when firing, making them essential for military operations. For instance, in 2020, according to the Stockholm International Peace Research Institute's (SIPRI) report on "Trends in World Military Expenditure 2020", a Sweden-based international research institute, the global estimated military expenditure in 2020 was $1981 billion, 2.6% increase in real terms compared to the previous year. Similarly, the United States' military expenditure was 4.4% higher in 2020 than in 2019, primarily due to a focused investment in research and development and the implementation of various long-term projects such as the modernization of the US nuclear arsenal, large-scale arms procurement, and the modification of National Congress of Chile budget plan, that redirected $936 million for the modernization of the country's F-16 fighter jet fleet in April 2020. Therefore, the increased procurement and modernization programs by militaries is driving the growth of weapon mounts market going forward.

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Weapon Mounts Market Segments

• By Platform: Ground, Naval, Airborne

• By Operation: Manned, Remotely Operated

• By Application: National Defense, Security, Business Performance, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-pacific was the largest region in the weapon mounts market.

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Weapon Mounts Market Key Players
Major competitors in the weapon mounts market are Dillon Aero Inc., AEI Systems Limited, Military Systems Group Inc., Leonardo S.p.A., Rafael Advanced Defense Systems Ltd., Rheinmetall AG, Kongsberg Gruppen ASA, Raytheon Technologies Corporation, Elbit Systems Ltd., Saab AB, BAE Systems plc

The Business Research Company's "Global Weapon Mounts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Weapon Mounts Market Include:
1. Executive Summary
2. Weapon Mounts Market Characteristics
3. Weapon Mounts Market Trends And Strategies
4. Weapon Mounts Market - Macro Economic Scenario
5. Weapon Mounts Market Size And Growth
………………
27. Weapon Mounts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Weapon Mounts Market
29. Weapon Mounts Market Future Outlook and Potential Analysis
30. Appendix

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