PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266680
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266680
Global Weapon Mounts Market is valued at approximately USD 1.28 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2022-2029. Weapon mount is an assembly, which is used to hold weapons such as guns and snipers. It is simple to attach a weapon mount to the bulkhead, pedestal, slewing ring, or roof of the vehicle. The Weapon Mounts market is expanding because of factors such as increasing terrorist activities, growing adoption of rotorcraft, aircraft, and armored vehicles in defense industry.
There are two types of weapon mounts, static mount and non-static mount. Whereas a non-static weapon mount is movable in nature, a static mount is either fixed to the ground or integrated into the vehicle. Its prevalence has progressively increased during the last few decades. According to Statista, in 2020, shooting became the most common type of terrorist attack. As it accounts 40% of terrorist attacks that year. Furthermore, Planting mines and IEDs was the third most common act of terrorism, accounting for 15% of all attacks, and explosion was the second most common type of strategy, accounting for about 20%. Furthermore, in 2020, a total number of 19,413 people worldwide were injured as a result of terrorism. Another important component driving space increase is the adoption of rotorcraft, aircraft, and armored vehicles with just over 14,500 military aircraft, Asia-Pacific is the region with the highest number of military aircraft in 2021. In addition, in 2022, China had an estimated armored fighting vehicle strength of 35 thousand, followed by South Korea with an estimated fighting vehicle strength of around 14 thousand vehicles and India with 12 thousand respectively. However, the high cost of Weapon Mounts stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Weapon Mounts Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key players. According to Statista, in 2021, the United States led the ranking of countries with the highest military spending with USD 801 billion. That constituted 38% of the total military spending worldwide. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing defense funding by several countries such as India, and China, in defense technology, and active participation of government organizations in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable