Weapon Tripods Market Outlook - 2027
The global weapon mount market will grow significantly in upcoming years owing to the increase in demand due to modernization plans of countries for their forces. Weapon mount is an assembly which is use 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. Non-static weapon mount includes tripods. Tripods are mainly used for heavier weapons such as machine guns, where the weight would be an encumbrance.
COVID-19 Scenario analysis:
- Due to COVID-19 situation, the production rate of weapon tripods manufacturers across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.
- Demand for spare parts such as twist leg locks are also down since less maintenance is required presently.
- There will be a considerable rise in demand for weapon tripods in near future as the world starts moving toward normalcy.
- Asia-Pacific and Middle East countries such as India, Japan, UAE, etc. have ambitious plans to procure a huge number of armored mounted vehicles. However, the procurement process is on halt due to COVID-19 pandemic.
- Slowing down of economies of major defense buyer countries due to covid-19 will impact their defense budget which will directly affect weapon tripods market.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increase in use of machine guns, increase in terrorist activities across the globe, and arms race between countries are the factors which drive the global weapon tripods market. However, reduction in military budget is expected to hamper the growth of the weapon tripod market. Increasing applications of weapon tripods in naval ships (Destroyers, Frigates, Corvettes, etc.) are opportunistic for the key players operating in the global weapon tripods market.
Increase in use of machine guns
The use of machine guns has been increased in recent times to provide suppressing fire. For instance, in February 2019, Indian army planned to procure 44,000 light machine guns (LMGs) to deploy over Indo-Pak border. Machine guns are included in the category of heavy weapons and are capable of firing long continuous bursts of fire, which are essential in military operations. However, due to their heavy weight, machine guns also cost recoil (less accuracy). Such issue can be resolved with the use of tripods. Tripods are used on machine in order to provide forward rest (allows operator to rest the weapon on the ground), which results in increased in accuracy as weapons feels lighter to operator. Hence, increase in the use of machine guns will create significant demand of weapon tripods and thereby will contribute in the growth of the weapon tripods market.
Key benefits of the report:
- This study presents the analytical depiction of the global weapon tripods 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 weapon tripods market share.
- The current market is quantitatively analyzed to highlight the global weapon tripods market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed weapon tripods market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global weapon tripods Market research report:
- Which are the leading market players active in the global weapon tripods 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?
Weapon Tripods Market Report Highlights
Key Market Players
BAE Systems, Curtiss-Wright Corporation, Elbit Systems Ltd, CAPCO LLC, AEI Systems Ltd, KONGSBERG, ISTEC SERVICES LTD, Raytheon Technologies Corporation, DILLON AERO., Saab AB, FN HERSTAL