Remote Weapon Station Market Set to Grow at the Fastest Rate - Time to Grow your Revenue

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According to the new research report "Remote
Weapon Station Market by Application (Military,
Homeland Security), Platform (Land, Airborne,
Naval), Component (Sensors, HMI, Weapons
Armaments), Weapon Type (Lethal, Non-lethal),
Mobility, Technology, and Region - Global
Forecast to 2023", The remote weapon
station market is projected to grow from USD
8.48 billion to USD 14.42 billion by 2023, at a
CAGR of 11.20 from 2018 to 2023. This growth
can be attributed to increasing incidences of
armed conflicts, war, and terrorism, which are
driving the demand for remote weapon stations
globally. Browse 173 market data Tables and 58
Figures spread through 195 Pages and in-depth
TOC on "Remote Weapon Station Market - Global
Forecast to 2023" Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id172094776 Based on platform, the land
segment is expected to lead the remote weapon
station market during the forecast period Based
on platform, the remote weapon station market is
estimated to be led by the land segment in 2018
and is expected to continue to lead till 2023.
Emerging countries, such as China and India,
among others, are building large forces of
Infantry Fighting Vehicles (IFVs) and armored
vehicles. These countries are investing more in
automated technologies and focusing on
manufacturing a wide range of offensive fighting
vehicles. For instance, in 2016 India signed a
contract with Russia for the supply of 464 T-90
main battle tanks that will help the country
significantly in its offensive operations
vis-à-vis China and Pakistan. The sensors segment
is projected to grow at the highest CAGR during
the forecast period The remote weapon station
market has been analyzed and segmented based on
component into human machine interface, sensors,
and weapons armaments. The remote weapon
station market is led by the weapons armaments
segment. The sensors segment is projected to
grow at the highest CAGR during the forecast
period. This growth can be attributed to the use
of the sensor fusion technology, and the sensor
suite, which continues to be upgraded to deliver
enhanced detection and decision-making.
Combining data from key sensors provides the
warrior an autonomous ability to rapidly
evaluate the overall tactical scenario and
respond efficiently to identify threats.
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The market for the remote weapon station in the
Asia Pacific is projected to grow at the highest
CAGR during the forecast period The rapid growth
of the remote weapon station market in the Asia
Pacific can be attributed to the increasing
defense budgets to innovate and develop robust
remote weapon stations by emerging countries,
such as China and India. For instance,
India-based companies, such as Mahindra Defense
Systems and Bharat Electronics, recently
launched their newly developed remote weapon
stations for armored vehicles. China is
estimated to account for the largest share of the
Asia Pacific remote weapon station market in
2018. This rapid growth can be attributed to the
increasing research development activities
undertaken in the region for the development of
advanced technology-based designs of remote
weapon stations. Key Market Players The ecosystem
of the remote weapon station market comprises
OEMs, integrators, and end users. Key end users
of the remote weapon station market are defense
forces. Major players in the remote weapon
station market are Kongsberg Gruppen (Norway),
Raytheon Company (US), Elbit Systems (Israel),
Saab AB (Sweden), Leonardo S.p.A. (Italy),
Electro Optic Systems (Australia), BAE Systems
(UK), Rheinmetall AG (Germany), ASELSAN A.S
(Turkey), FN Herstal (Belgium), Rafael Advanced
Defense Systems (Israel), and Rheinmetall AG
(Germany), among others. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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