Weapon Mounts Market Growth, Size, and Share by 2031
The Weapon Mounts Market size is projected to reach US$ 2.38 billion by 2031 from US$ 1.18 billion in 2023. The market is expected to register a CAGR of 9.1% in 2023–2031.
The various platforms operated by the contractors include, armored vehicles, fixed installations, aircraft carriers, destroyers’, frigates, corvettes, attack helicopters, combat aircrafts, special-mission aircrafts, and others. The government awards contracts to various vendors for weapon mount products. Since weapon mounts are considered essential components, the demand for the same is high among the military & defense departments as well as country’s government.
Weapon Mounts Market Analysis
The key stakeholders in the weapon mounts market are raw material suppliers, weapon mount manufacturers, and end users. The manufacturers constantly procure raw material from the suppliers in order to produce increased volumes of mounts with an objective to meet the demands from the customers. The raw materials used in production of weapon mounts include metals such as stainless steel, aluminum, and combination of alloys. The availability of large number of raw material suppliers enables the mount manufacturers to choose appropriate supplier. This enhances the supply chain of raw material. Upon procuring raw materials, the weapon mount OEMs produce significant volumes of mounting solutions with varied size, weight, and other parameters, thereby, meeting respective customer demands. The end users in the weapon mounts market include military forces including, army, navy and aerospace. These end users require significant volumes of mounts in order to mount various types of weapons on the platforms such as, aircraft carries, armored vehicles, attack helicopters, fighter aircrafts, destroyers’, and others.
Weapon Mounts Market Overview
Weapon mounts market is likely to witness a strong growth during 2023-2031. The demand for weapon mounts market is mainly driven by some of the key factors such as:
- Rise in military spending
- Increasing upgrades of vehicle/naval/aerial mounted weapons
- Deployment of electronic warfare systems pushing the demand for weapon mounts
- Deployment of new weapon stations across different countries.
Such factors are likely to drive the growth for weapon mounts market in the coming years.
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Weapon Mounts Market: Strategic Insights
Weapon Mounts Market
-
CAGR (2023 - 2031)
9.1%
-
Market Size 2023
US$ 1.18 Billion
-
Market Size 2031
US$ 2.38 Billion
Market Dynamics
GROWTH DRIVERS
- Rise in military spending
- Increasing upgrades of vehicle/naval/aerial mounted weapons
- Deployment of electronic warfare systems pushing the demand for weapon mounts
- Deployment of new weapon stations across different countries
FUTURE TRENDS
- Current Geopolitical Tensions Among Several Countries to generate New Opportunities
OPPORTUNITIES
- Deployment of Laser Weapons Across Range of Platforms
Key Players
- AEI Systems Ltd
- CRSystems Inc
- Engine Engineering Company
- FN HERSTAL
- Troy Products
- Leonardo SpA
- ISTEC SERVICES LTD
- Military Systems Group Inc
- TMIL-Systems
- WE Platt
Regional Overview
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- South and Central America
Market Segmentation
Mount Type
- Static Mount
- Non-Static Mount
Platform
- Ground
- Naval
- Airborne
Mode of Operation
- Manned and Remotely Operated
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Weapon Mounts Market: Strategic Insights
-
CAGR (2023 - 2031)9.1% -
Market Size 2023
US$ 1.18 Billion -
Market Size 2031
US$ 2.38 Billion
Market Dynamics
- Rise in military spending
- Increasing upgrades of vehicle/naval/aerial mounted weapons
- Deployment of electronic warfare systems pushing the demand for weapon mounts
- Deployment of new weapon stations across different countries
- Current Geopolitical Tensions Among Several Countries to generate New Opportunities
- Deployment of Laser Weapons Across Range of Platforms
Key Players
- AEI Systems Ltd
- CRSystems Inc
- Engine Engineering Company
- FN HERSTAL
- Troy Products
- Leonardo SpA
- ISTEC SERVICES LTD
- Military Systems Group Inc
- TMIL-Systems
- WE Platt
Regional Overview
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- South and Central America
Market Segmentation
- Static Mount
- Non-Static Mount
- Ground
- Naval
- Airborne
- Manned and Remotely Operated
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Weapon Mounts Market Drivers and Opportunities
Deployment of New Weapon Stations Across Different Regions
The rise in number of weapon stations across different regions is one of the major factors propelling the procurement of weapon mounts worldwide. For instance,
- In April 2024, the US army deployed new missile launcher to the Philippines. The US Army’s new ground-based launcher, capable of supporting Tomahawk cruise missiles and SM-6, appeared for the first time in the Indo-Pacific in a deployment to the Northern Philippines for military drills.
- In October 2023, the US Pentagon announced that the US Army air defense units are deploying to the Middle East amid the Israel-Hamas war come from Fort Bliss in Texas, Fort Liberty in North Carolina, and Fort Sill in Oklahoma.
Such developments have been pushing the deployment of weapon mounts across different regions.
Deployment of Laser Weapons Across Range of Platforms
The deployment of laser weapons across airborne, ground, and naval platforms is one of the major factors likely to provide new opportunities for market vendors in the coming years. For instance,
- In 2022, the US Navy installed the first high-energy laser with integrated optical-dazzler and surveillance, or HELIOS, aboard Hawaii-based destroyer USS Preble (DDG-88).
- In March 2024, the UK conducted successful tests of its first-ever laser weapon, named "DragonFire" which has the capability to target and neutralize drones, offering a potentially low-cost alternative to traditional missiles.
Such factors are likely to boost the need for weapon mounts in the coming years.
Weapon Mounts Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Weapon Mounts Market analysis are mount type, platform, mode of operation, and geography.
- Based on mount type, the Weapon Mounts Market has been segmented into static mount and non-static mount. The non-static mount segment held a larger market share in 2023.
- By platform, the market has been segmented into ground, naval, and airborne. The ground segment held the largest share of the market in 2023.
- In terms of mode of operation, the market has been segmented into manned and remotely operated. The manned segment dominated the market in 2023.
Weapon Mounts Market Share Analysis by Geography
The geographic scope of the Weapon Mounts Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
In 2023, the North America region dominated the global weapon mounts market and is expected to retain its dominance during the forecast period as well. This is mainly due to the presence of largest military spending country i.e. the US and the presence of a few of the major weapon mount manufacturers across the region. 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.
Weapon Mounts Market News and Recent Developments
The Weapon Mounts Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for weapon mounts market and strategies:
- In September 2023, Edgar Brothers announced that it has been awarded a Contract to supply the UK Ministry of Defence (MOD) with the Alternative Individual Weapon (AIW) System, following a highly competitive trial process. The AIW system comprises of components such as Rifle System (Rifle and Signature Reduction System), Optic System [Low Power Variable Optic (LPVO), Mini Red Dot (RDS) and Emergency Back Up Sight (EBS)], and Training System [Safe Blank Firing System (SBFS) and Marker Round Training System (MRTS)]. (Source: UK Ministry of Defense, Press Release/Company Website/Newsletter)
- In January 2024, BAE Systems was awarded a contract by the Commonwealth of Australia to upgrade existing Mk 45 Mod 2 naval gun systems on Anzac class frigates with a Common Control System (CCS). The upgrade modifies existing Mk 45 systems to eliminate obsolescence issues and extend the life of the gun system. (Source: BAE Systems, Press Release/Company Website/Newsletter)
Weapon Mounts Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 1.18 Billion
Market Size by 2031
US$ 2.38 Billion
Global CAGR (2023 - 2031)
9.1%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Mount Type - Static Mount
- Non-Static Mount
By Platform - Ground
- Naval
- Airborne
By Mode of Operation - Manned and Remotely Operated
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia-Pacific - Australia
- China
- india
- Japan
- South Korea
- Rest of Asia-Pacific
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Market leaders and key company profiles
AEI Systems Ltd CRSystems Inc Engine Engineering Company FN HERSTAL Troy Products Leonardo SpA ISTEC SERVICES LTD Military Systems Group Inc TMIL-Systems WE Platt
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 1.18 Billion |
Market Size by 2031 | US$ 2.38 Billion |
Global CAGR (2023 - 2031) | 9.1% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Mount Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Weapon Mounts Market Report Coverage and Deliverables
The “Weapon Mounts Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Weapon Mounts Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Mount Type ; Platform ; Mode of Operation and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
- AEI Systems Ltd
- CRSystems Inc
- Engine Engineering Company
- FN HERSTAL
- Troy Products
- Leonardo SpA
- ISTEC SERVICES LTD
- Military Systems Group Inc
- TMIL-Systems
- WE Platt