Weapon Mounts Market Analysis

Weapon Mounts Market Analysis

The non-static weapon mounts segment generated over USD 1 Billion in 2019. Various mounts, such as monopod, bipod, tripod, carriage, fork rest, etc., are included under this segment. The strong growth of monopods and bipods will be attributable to their compact size, lightweight, and portability. Monopods are generally used for short barrel and precision firearms. Bipods are suitable for sniper rifles and offer better accuracy with adjustable lengths.

Tripods provide excellent stability and used for heavy machine guns, anti-tank missile systems, grenade launchers, and recoilless rifles. However, tripods have the disadvantage of being bulky and heavyweight. Carriage mounts are used for weapons requiring special lifting arrangements. Increasing demand from the ground military sector will propel the growth of the non-static weapon mounts.

Remotely operated weapon mounts segment is projected to achieve over 2.5% CAGR during 2020-2026. These mounts are used in modernized weapon systems as they offer excellent protection to soldiers from enemy firepower. Remote weapon stations are widely becoming popular owing to their versatility, effective target engagement, and pinpoint accuracy. These systems can handle dynamic as well as static operations and used for ground stationary, ground mobile, and naval platforms on armored vehicles, patrol vehicles, sea vessels, etc.
 

Remotely operated systems are often equipped with auto tracking abilities to help the gunner for continuous monitoring of target and accurate shooting on-the-move. Additionally, these are integrated with computer-aided software systems, electro-optic sensors and related accessories including day camera, night camera, range finder, laser marker, beam spotlight, etc., that enhance the overall operational performance in adverse environmental and terrain conditions. Minimum operator risk and compatibility with a wide range of weapons and armored vehicles will trigger the rapid growth of this segment.
 

Land application segment dominated the industry with over 85% weapon mounts market share in 2019 and will continue its dominance till 2026 with territorial & border disputes, increasing terrorist activities, and geostrategic threats. These are influencing various countries to procure tanks, combat vehicles, armored personnel carriers, and armored infantry vehicles.
 

The procurements will generate the need for turrets and coaxial mounts. Evolving government policies and changing international relations will change the paradigm of the defense sector, which is likely to augment the weapon mounts sales for ground military in near future.
 

North America weapon mounts market share is poised to observe a growth rate of around 2.5% through 2026 propelled by high military spending, supportive government policies, and technological progressions. The U.S. accounted for nearly two-fifth of the global military spending in 2019. Rise in U.S. military spending in recent years was due to new arms procurement programs under Trump administration. Additionally, favorable trends associated with the U.S. airborne military sector will support the product demand.
 

The aircraft fleet strength of the U.S. accounts for approximately one-fourth of the global aircraft fleet strength. It has an extensive range of modern fighter aircraft, special mission aircraft, helicopters, etc. Product manufacturers formed alliances with the U.S. military, which will support the weapon mounts business expansion.