In terms of revenue, the global mount weapons market was valued at US$ 1026.0 million in 2019 and is projected to reach US$ 1727.0 million by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period from 2020 to 2027.
The mount weapons market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. In 2019, the global mount weapons market is led by North America region, followed by Europe and the APAC region as second and third highest revenue share contributors.The presence of world’s leading country in terms of military strength, defense spending, and active aircraft inventory such as the US is the key driver for the growth of decoy flare market in the region. In addition to this, the robust growth in aerospace and defense industry in the region owing to the presence of companies such as Lockheed Martin, Northrop Grumman, and Boeing is further complementing the demand of mount weapons in the region. High expenditure in military strength especially in the US, high adoption of advanced weapon systems, and presence of large aircraft and weapon manufacturers are some of the key driving factors that are fueling the growth of mount weapons market over the forecast period of 2020 to 2027.
Regional Mount Weapons Market Analysis (%)
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Market Insights–Mount Weapons Market
Increasing Military Expenditure
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.
COVID-19 Impact
The defense manufacturing industry is heavily dependent on manual labor. In the wake of strong lockdown regulations imposed by the majority of the countries across the globe, the defense equipment manufacturing sector is experiencing a significantly lower number of labors in respective manufacturing facilities. Major defense spenders allocate close to or over 2 percent of their GDP, a significant amount, to defense. However, several governments are deprioritizing defense spending, owing to the emergence of pandemic; instead, a majority of the governments are focusing on investing towards combatting the spread of virus. This factor is also anticipated to weaken the production of various defense equipment during 2020, thereby hindering the growth of weapon mounts market.
Mount Type Segment Insights
Based on product, the non-static segment dominated lead the global mount weapons market in 2019. The non-static mounts are the sub-class of weapon mounts that are portable. There are different types of non-static mounts such as, monopod, bipod, tripod, and shooting sticks.
Platform Segment Insights
Based on platform, the ground segment dominated lead the global mount weapons market in 2019. The ground forces comprise personnel, vehicles, weapons platforms, and support elements operating on ground to accomplish assigned tasks and missions. With the rise in the military engagements worldwide, the armed forces are increasingly focusing on upgrading to automated and more powerful cartridges in order to deal with combat requirements.
Mode of Operation Segment Insights
Based on mode of operation, the manned segment dominated the global mount weapons market in 2019. The manned weapon mounts are those mounts which are carried/controlled by the dismounted soldiers. The gun turrets are the ideal weapon platforms, which can be manned or remotely controlled.
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Weapon Mounts Market: Strategic Insights
Market Size Value in US$ 1026.0 million in 2019 Market Size Value by US$ 1727.0 million by 2027 Growth rate CAGR of 8.9% from 2020 to 2027 Forecast Period 2020-2027 Base Year 2020
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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
Market Size Value in | US$ 1026.0 million in 2019 |
Market Size Value by | US$ 1727.0 million by 2027 |
Growth rate | CAGR of 8.9% from 2020 to 2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystThe market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2020, Leonardo signed new credit facilities with a pool of international banks for € 2 billion. These facilities, together with cash in hand and existing credit lines, resulting in total liquidity for Leonardo of about € 5 billion.
- In 2019, AEI Systems was awarded a contract to manufacture of 84 mm recoil-less rifle barrels and venturis.
The global mount weapons market has been segmented as follows:
Mount Weapons Market – By Mount Type
- Static Mount
- Non-Static Mount
Mount Weapons Market – By Platform
- Ground
- Naval
- Airborne
Mount Weapons Market – By Mode of Operation
- Manned
- Remotely Operated
Mount Weapons Market- By Region
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- QatarRest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Mount Weapons Market – Companies Profiles
- AEI Systems Ltd
- CRSystems Inc.
- Engine Engineering Company
- FN HERSTAL
- Troy Products
- Leonardo
- ISTEC SERVICES LTD
- Military Systems Group, Inc.
- TMIL-systems
- WE Platt
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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