North America Weapon Mounts Market 2027 Mount Type, Platform, Mode of Operation and Country

North America Weapon Mounts Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Mount Type (Static Mount, Non-Static Mount); Platform (Ground, Naval, Airborne); Mode of Operation (Manned, Remotely Operated) and Country

Publication Month : Jul 2020

  • Report Code : TIPRE00012225
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 156
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The weapon mounts market in Europe was valued US$ 363.9 million in 2019 and is projected to reach US$ 74.4 million by 2027; it is expected to grow at a CAGR of 8.01% from 2020 to 2027.



The rapid change in modern warfare has been urging the governments to allocate higher amounts towards respective military forces. The military budget allocation enables the military forces to engage themselves in the development of robust indigenous technologies, procuring advanced weapons, armaments, vehicles, and other equipment from international manufacturers. The solider and military vehicle modernization practices are peaking in the current scenario among most of the military forces in order to keep the personnel and vehicles mission-ready. With an objective to modernize soldiers and vehicles, the defense ministries across the globe are investing substantial amounts in newer technologies, including contemporary weapon mounts. This factor is boosting the growth of the weapon mounts market.The demand for various military equipment is on the rise as governments across the North American region are increasingly focusing on military modernization owing to the increasing security concerns. The sustained and uncertainty complexity of the international security environment worldwide is expected to boost defense spending by the authorities in the region over the next five years. Moreover, the US administration's increased emphasis on enhancing the military capabilities is expected to be one of the major growth drivers for defense spending in the coming years.

The weapon mounts market is a highly fragmented and competitive marketplace. The leading companies in this market continue to broaden their clientele by expanding their current offerings.Prominent players face an increasing level of competition, both from start-ups to leading established companies across the world. Several companies in the value chain are acquiring other players in the weapon mountsmarket to provide efficient services to its customers, and thus, to maintain or uplift their position in the market. The US Navy is increasingly awarding several contracts to leading players such as, BAE Systems and Boeing and focusing on modernizing the naval platforms. For instance, U.S. Navy awarded BAE Systems US$ 70 million contract for upgraded Mk 45-gun systems in 2019. Also, the other countries, Canada and Mexico are well equipped with military forces and hold ranking within top 25 largest military spenders. Thus, the significant investment in developing advanced weapons and equipment in navy, and aerospace, also increase the demand for weapon mounts at a moderate level. Thus, all the above-mentioned factors support the growth of weapon mount market in the current scenario.

The North Americaweapon mounts market is expected to grow at a good CAGR during the forecast period. The growing digitization and a large number of players focusing on developing efficient solutions are the major factors supporting the growth of the weapon mountsmarket in this region.

North America Weapon mounts Market-Segmentation



Weapon Mounts Market - By Mount Type


  •  Static Mount
  •  Non-Static Mount

Weapon Mounts Market - By Platform


  •  Ground
    •  Vehicle-Mounted
    •  Fixed Installation
    •  Dismounted Soldiers
  •  Naval
    •  Aircraft Carriers
    •  Destroyers
  •  Frigates
    •  Corvettes
    •  Offshore Patrol Vessels
  •  Airborne
    •  Combat Aircraft
    •  Attack Helicopters
    •  Special Mission Aircraft

Weapon Mounts Market - By Mode of Operation


  •  Manned
  •  Remotely Operated

Weapon Mounts Market- By Region


  •  North America
    •  US
    •  Canada
    •  Mexico

Europe Weapon mounts Market-Companies Mentioned


  •  AEI Systems Ltd.
  •  CRSystemsInc
  •  Engine Engineering Company
  •  FN HERSTAL
  •  Troy Products
  •  Leonardo
  •  ISTEC SERVICES LTD
  •  Military Systems Group, Inc.
  •  TMIL-systems
  •  WE Platt

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies - North America Weapon Mounts Market
1. AEI Systems Ltd.
2. CRSystemsInc
3. Engine Engineering Company
4. FN HERSTAL
5. Troy Products
6. Leonardo
7. ISTEC SERVICES LTD
8. Military Systems Group, Inc.
9. TMIL-systems
10. WE Platt

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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