(MENAFN- America News Hour) Research Nester published a report titled“ Weapon Mount Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers a detailed overview of the global weapon mount market in terms of market segmentation by mount type, mode of operation, platform and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The weapon mount market is expected to witness growth by a significant CAGR during the forecast period, i.e., 2021 – 2029, on the back of increasing procurement of armored vehicles, naval ships and aircrafts, rising requirement of mounts in navy, increasing military investments worldwide and growing usage of unmanned vehicles in the warzone.
The market is segmented by mount type, platform and mode of operation. On the basis of mount types, the static segment is expected to hold a large share in the market owing to the rising number of platforms where these mounts can be attached. Additionally, these mounts also allow the upgradation of older weapons with newer and more modern weapons with ease, which in turn is anticipated to drive the growth of this market segment over the forecast period.
Geographically, the global weapon mount market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is anticipated to hold the largest share of the weapon mount market during the forecast period owing to the rising requirement for weapon mounts for ground, naval, and airborne platforms. Moreover, border disputes between China, India, Pakistan, Afghanistan, North Korea, and South Korea leads to these countries investing heavily on defense technology, which is evaluated to lead to the growth of the global weapon mount market in the coming years.
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Increased Procurement of Armored Vehicles to Fuel Market Growth
Globally, there has been a trend of dedicating significant amount of funds for defense expenditures. This is done in order to safeguard nations from possible threats that could arise. Factors such as an increment in the demand for aircraft carrier, submarine and battleships are projected to propel market growth in the future. Additionally, increasing number of vehicles worldwide allow more weapons to be mounted on them, which in turn is predicted to result in a boost to market growth.
However, the demand for more industrial support and technical expertise is expected to operate as a key restraint to the growth of the weapon mount market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global weapon mount marketwhich includes company profiling of Rheinmetall AG (ETR: RHM), Leonardo S.p.A. (BIT: LDO), Fjord Defense AS, Dillon Aero, Military Systems Group Inc., FN Herstal, Ohio Ordnance Works Inc., Capco LLC, WE Platt, Kongsberg Gruppen ASA, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the weapon mount market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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