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Comprehensive 2025 Weapon Mounts Market Overview: Trends, Forecasts, and Growth Drivers
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Weapon Mounts Market Through 2025?
The market size for weapon mounts has significantly expanded in the recent past. The projected growth will move from $1.57 billion in 2024 to $1.69 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The historical period growth can be credited to the modernization programs of the military, enhanced defense budgets, emphasis on infantry mobility, an increase in global security threats, operations by special forces, and considerations regarding urban warfare.
What's the Projected Size of the Global Weapon Mounts Market by 2029?
Expectations are high for a significant increase in the weapon mounts market in the coming years, with predictions of a worth of "$2.22 billion by 2029, augmented by a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this anticipated growth within the forecast period include improvements in fire control systems, an emphasis on modular weapon platforms, energy-efficient weaponry mounts, an increasing demand for non-lethal alternatives, and heightened dependability and longevity. Noteworthy trends for the forecast period encompass integration with unmanned systems, versatile and modular designs, advancements in remote weapon station (rws) technology, superior stabilization systems, and the incorporation of smart technologies.
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Top Growth Drivers in the Weapon Mounts Industry: What's Accelerating the Market?
The growth of the weapon mounts market is expected to accelerate due to the amplified procurement and modernization initiatives undertaken by military institutions. These initiatives pertain to the strategies employed by the military to acquire novel weaponry, technology, and equipment that meet their operational needs and augment their mission-readiness potential. Weapon mounts are typically employed by the military to securely affix firearms like machine guns to a variety of ground platforms. These mounts offer enhanced stability and precision during shooting, making them indispensable for military action. In April 2024, global military spending totaled $2443 billion in 2023, as per the Stockholm International Peace Research Institute (SIPRI), an independent international research institute based in Sweden. This reflected a real-time increase of 6.8% from 2022. Hence, the rise in procurement and modernization initiatives is fueling the expansion of the weapon mounts market in the future.
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What Trends Will Shape the Weapon Mounts Market Through 2029 and Beyond?
The weapon mounts market is currently being driven by technological advancements. Firms in this sector are developing sophisticated mobile artillery systems to improve mobility, targeting precision, and adoptability to firepower in contemporary warfare. These systems blend artillery firepower with movement, facilitating swift deployment and relocation for more effective and accurate operations. For example, Hyundai Wia, an automobile manufacturer from South Korea, revealed a terrestrial vehicle-mounted weapon system at FIDAE in Chile in April 2024. The 105mm self-propelled howitzer it introduced is lightweight, enhancing its portability and range while reducing the crew needed to only seven members. Hyundai Wia also featured an 81mm mortar system suitable for compact tactical vehicles, thereby boosting mobility on the battlefield. These developments epitomize Hyundai Wia's endeavors to broaden its global defense market footprint and bolster regional military modernization.
What Are the Main Segments in the Weapon Mounts Market?
The weapon mounts market covered in this report is segmented -
1) By Platform: Ground, Naval, Airborne
2) By Operation: Manned, Remotely Operated
3) By Application: National Defense, Security, Business Performance, Other Applications
Subsegments:
1) By Ground Vehicles: Armored Vehicles, Tactical Vehicles, Infantry Fighting Vehicles (IFVs)
2) By Naval Vehicles: Warships, Submarines, Patrol Vessels
3) By Airborne Vehicles: Combat Aircraft, Helicopters, Unmanned Aerial Vehicles (UAVs)
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Which Top Companies are Driving Growth in the Weapon Mounts Market?
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, 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., Otoker Otomotiv ve Savunma Sanayi AS, Thales Group, Lockheed Martin Corporation, Northrop Grumman Corporation, AeroVironment Inc., FLIR Systems Inc., Esterline Technologies Corporation, Curtiss-Wright Corporation, Meggitt plc, Cobham plc, Harris Corporation, L3 Technologies Inc., Trijicon Inc., Aimpoint AB, American Defense MFG LLC
Which Regions Will Dominate the Weapon Mounts Market Through 2029?
Asia-pacific was the largest region in the weapon mounts market in 2024. The regions covered in the weapon mounts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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