Report Code: A08611 | Pages: NA | Mar 2023 | 1246 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Non-static Weapon Mounts Market
Request Now !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 that is used to hold weapons such as guns, snipers, and others. Weapon mounts are of two types, which include 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:
Increase in terrorist activities across the globe, unresolving border issues between countries such as India & Pakistan, India & China, and North Korea & South Korea, arms race between countries, and disputes between country’s national forces are some of the major factors that drive the global non-static weapon mount market. However, reduction in military budget is expected to hamper the growth of non-static weapon mount market. On the contrary, increase in procurement of automatic rifles are opportunistic for the growth of the global non-static weapon mount market.
There are still several countries across the globe who have unresolved border issues with their neighboring countries such as Russia-Ukraine over Crimea, India-Pakistan over POK, India-China over Tibet and Arunachal, China with Brunei, Indonesia, and Vietnam over South China sea. Such conflicts encourage countries to increase their arms inventory further. Hence, increase in arms inventory by such countries is creating demand of non-static weapon mounts and thus contributing in the growth of the non-static weapon mount market.
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 have resulted in increase in demand for automatic rifles in defense forces across the globe. 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 also increasing in demand of non-static weapon mounts as automatic rifles use monopods (a type of non-static weapon mount), thereby driving the growth of the non-static weapon mount market.
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Questions answered in the non-static weapon mount market research report:
Non-Static Weapon Mounts Market Report Highlights
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Key Market Players | Military Systems Group Inc., KONGSBERG, Raytheon Technologies Corporation, Elbit Systems Ltd, Saab AB, BAE Systems, AEI Systems Ltd, CAPCO LLC, ISTEC SERVICES LTD, FN HERSTAL, DILLON AERO. |
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