Key Market Dynamics in Global Remote Weapon Station Market

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According to the new research report the Remote
Weapon Station Market was valued at USD 7.67
billion in 2017 and is projected to reach USD
14.42 billion by 2023, at a CAGR of 11.20
during the forecast period. This report covers
the forecast of the remote weapon station
market and its dynamics over the next 5 years,
while also recognizing market application gaps,
recent developments in the market, and high
potential countries. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id172094776 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 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. 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.
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Key Market Players Kongsberg Gruppen (Norway),
Raytheon Company (US), Elbit Systems (Israel),
Saab AB (Sweden), Leonardo S.p.A. (Italy), BAE
Systems (UK), Rheinmetall AG (Germany), ASELSAN
A.S (Turkey), and FN Herstal (Belgium) Ask for
Sample Report _at_ https//www.marketsandmarkets.com/
requestsampleNew.asp?id172094776 About
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