Weapon Mounts Market on Path to Hit $2.19 Billion by 2029 at 6.9% CAGR

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Weapon Mounts Market Outlook: What Size And CAGR Are Anticipated By 2025?
Over recent years, the market size of weapon mounts has seen significant expansion. The market is projected to swell from $1.57 billion in 2024 to $1.68 billion in 2025, growing at a compound annual rate of 7.1%. This past growth can be linked to factors such as initiatives to modernize the military, expansion in defense budgets, an emphasis on infantry mobility, escalating global security risks, operations of special forces, and considerations related to urban warfare.

What Is the Expected CAGR for the Weapon Mounts Market Growth Through 2029?
The market size for weapon mounts is forecasted to undergo considerable growth in the coming years, with a projection to reach $2.19 billion in 2029, marking a 6.9% compound annual growth rate (CAGR). This anticipated growth during the forecast period is predicated on progress in fire control systems, an emphasis on modular weapon platforms, energy-efficient weapon mounts, a rising demand for non-lethal alternatives, and improved durability and reliability. Key trends during the forecast period comprise of integration with unmanned systems, modular and flexible designs, remote weapon station (RWS) technology, advanced stabilization systems, and the integration of smart technologies.

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What Are the Primary Drivers Behind Weapon Mounts Market Growth?
Advancements and expansion in the acquisition programs of military institutions are projected to stimulate the advancement of the weapon mounts market in the future. These programs pertain to strategies and approaches used by military establishments to acquire novel weapons, gear, and technology that serve their operational necessities and enhance their mission adeptness. Weapon mounts, commonly used by military forces to securely affix firearms, such as machine guns to multiple ground bases, offer better stability and precision in shooting, making them indispensable to military actions. For instance, in April 2024, the Stockholm International Peace Research Institute (SIPRI), an independent research institution based in Sweden, reported that the total global military expenditure hit $2443 billion in 2023, marking a 6.8 per cent real-term rise from 2022. Consequently, the advancements and expansion in the military's acquisition and modernization programs are propelling the future growth of the weapon mounts market.

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What Are the Key Segments Driving Weapon Mounts Market Growth?
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)

What Are the Technological Trends Impacting the Weapon Mounts Market?
The weapon mounts market is increasingly influenced by technological advancements, with companies emphasizing state-of-the-art mobile artillery systems to improve mobility, precision in targeting, and adaptability of firepower in contemporary combat. These innovative systems combine artillery firepower with mobility, promoting quick deployment and relocation for more precise and flexible operations. For example, Hyundai Wia, an automobile manufacturer based in South Korea, showcased a vehicle-mounted weapon system for land use at FIDAE in Chile in April 2024. The 105mm self-propelled howitzer has a lightweight design that enhances portability and range while decreasing the required crew to a minimum of seven members. Moreover, Hyundai Wia displayed an 81mm mortar system specifically devised for small tactical vehicles, further improving battlefield mobility. These demonstrates Hyundai Wia's commitment to boost its global defense market footprint and facilitate regional military modernization.

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Who Are the Major Competitors in the Global 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 Region Dominates the Weapon Mounts Market Share in 2025?
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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