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Global Weapon Mounts Market 2023 Future Growth, Business Insights, Latest Trends And Forecast To 2032 | Major Players Are Dillon Aero Inc., AEI Systems Limited, Military Systems Group Inc., Leonardo S.p.A., Rafael Advanced Defense Systems Ltd.
Weapon Mounts Market
The Business Research Company's Weapon Mounts Global Market Report 2023 identifies increased procurement and modernization programs by militaries as the major driver for the Weapon Mounts Market's growth in the forecast period. 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.
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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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, FN Herstal S.A., Denel Vehicle Systems (Pty) Ltd., General Dynamics Ordnance and Tactical Systems Inc., Moog Inc., and Otoker Otomotiv ve Savunma Sanayi A.S.
A key trend in the Weapon Mounts Market includes advancements in technology. Companies operating in the weapon mounts market are launching advanced LED technology products to sustain their position in the market. For instance, in May 2021, Aimpoint, a Sweden-based company that specializes in producing high-quality red dot sights for firearms, launched Acro P-2 Pistol Mounted Optic, a high-tech red dot sight. It has a next-generation sight that features an enhanced LED (Light Emitting Diode) emitter and a higher capacity CR2032 battery, providing 50,000 hours of constant-on power, or five years. This results in faster and more accurate target acquisition for the user. The newly implemented LED technology results in a 3.5 MOA dot that is brighter in comparison. The Acro P-2 has been designed primarily for use on handguns; however, it is versatile enough to be mounted on carbines, shotguns, and rifles as well. Furthermore, it can be employed as a backup sight on magnified scopes and thermal imagers.
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The Weapon Mounts Market is segmented -
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.
The Business Research Company's "Global Weapon Mounts Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Weapon Mounts Market
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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