Ground Weapon Mounts Market Outlook – 2027
The global weapon mount market will grow significantly in upcoming years, owing to increase in demand due to modernization plans of countries for their forces. Weapon mount is an assembly which is used to hold a weapon such as guns, snipers, etc. Weapon mounts are of two types, which are static mount and non-static mount. Static mount is either directly mounted on the ground or fitted with the vehicle, whereas non-static weapon mount is portable, that is, it can change its position (axis), revolve etc. New innovations in the laser weapons also paves the way for the growth of weapon mounts market as recently DRDO (India) conducted a test of a laser weapon mounted on a truck.
COVID-19 Scenario analysis:
- Due to COVID-19 situation, the production rate of ground weapon mount manufacturers across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.
- Demand for relevant spare parts is also down since less maintenance is required presently.
- There will be a considerable rise in demand for ground weapon mounts in near future as the world starts moving towards normalcy.
- Asia-Pacific and Middle East countries such as India, Japan, UAE, etc. have ambitious plans to procure a huge number of armor-mounted vehicles. However, the procurement process is on halt due to COVID-19 pandemic.
- Slowing down of economies of major defence buyer countries due to COVID-19 will impact the defence budget of countries, which will directly affect ground weapon mounts market.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increase in terrorist activities across the globe, unresolving border issues between, ongoing military modernization programs, increase in procurement of automatic rifles, and rise in demand for remote weapon stations are some of the major factors that drive the global ground weapon mounts market. However, reduction in military budget is expected to hamper the growth of market. Contrarily, rise in procurement of armoured vehicles and development of highly stabilized mounts for remotely operated weapon systems are opportunistic for the growth of global ground weapon mounts market in the future.
Rise in procurement of armored vehicles
Procurement of armoured vehicles have been rising across the globe. For instance, in December 2019, India announced its plans to procure 198 armoured vehicles for the reconnaissance role. Additionally, countries are also upgrading their existing fleet of armoured vehicles. Hence, the demand of such equipment is expected to rise in the future and thereby will further contribute in the growth of ground weapon mounts market.
Increase in procurement of automatic rifles
Automatic rifles are capable of selective fire, which means automatic rifles can be operated in a semi-automatic, burst mode, and in fully automatic mode. Such capabilities of automatic rifles has resulted in increase in demand of automatic rifles across the defence forces of the world. Therefore, the procurement of automatic rifles has been increasing. For instance, in February 2019, India has signed the deal with USA for procurement of 72400 automatic rifles. Hence, increase in procurement of automatic rifles is driving the growth of ground weapon mounts market.
Key benefits of the report:
- This study presents the analytical depiction of the global ground weapon mount industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ground weapon mount market share.
- The current market is quantitatively analyzed to highlight the global ground weapon mount market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global ground weapon mount market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the ground weapon mount market research report:
- Which are the leading market players active in the global ground weapon mount market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Ground Weapon Mounts Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Platform |
|
 By Mode of operation |
|
 By Weapon Compatibility |
|
 By Region |
|
 Key Market Players | Saab AB, KONGSBERG, CAPCO LLC, ISTEC SERVICES LTD, AEI Systems Ltd, Elbit Systems Ltd, DILLON AERO., BAE Systems, Raytheon Technologies Corporation, FN HERSTAL |
Loading Table Of Content...
