Pune, India -- (SBWIRE) -- 08/17/2018 -- Seamless & convenient human machine interface to promote growth in the remote weapon station market

The key factor contributing to the growth of the remote weapon station market is increasing deployment of remote weapon stations on combat vehicles. This remote weapon station provides many benefits such as it provides fast and accurate aim and fire capabilities with high precision, also it can be integrated with existing technologies and infrastructure, seamless, & convenient human machine interface and provides minimal risk to operator. In addition, rising number of cross border conflicts and terrorist activities are fueling the remote weapon station market. In addition, on-ongoing military modernization program is augmenting the growth of the market. However, mobility, maintenance, potential faults, reloading are some of the few examples of the downsides of having a remote weapon station (RWS), these downsides can act as restraint for the growth of the market. Improvement in accuracy, range of the weapons and safety of the gunner, development of Spot and Shoot weapons and increase in military budgets are some of the factors that can create lucrative opportunities for the remote weapon station market in upcoming years.

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North America region to contribute to growth in the global remote weapon station market

North America is the leading region in remote weapon station market, followed by Europe. U.S accounts for the major market share in the North America region owing to highest defense expenditures. The U.S spends around 3.3% of its GDP on defense expenditures. According to a trusted source, In 2015 US defense spending outstripped that of China, Russia, UK, France, Japan, Saudi Arabia and India combined. U.S is expected to remain dominant in remote station weapon market throughout the forecast period, 2018-2024. In 2017, U.S president Trump had announced plans to increase the U.S defense budget in 2018 by $ 54 billion dollar in order to rebuild the depleted military of the U.S. Countries like Russia, U.K and France are leading countries contributing to the growth of the Europe remote weapon station market. Furthermore, Countries like Saudi Arabia, India and some South American countries are offering lucrative growth opportunities for the remote weapon station market in upcoming years because of increase in defense budget and initiatives taken by government to modernize the military.

BHEL has launched remote controlled weapons station 

February 2017, India's Bharat Electronics Limited (BEL) has launched remote controlled weapon station (RCWS) for the Army's Arjun tanks at Aero India.

The RCWS is an improvised version of the manually operated air defence gun that enables the soldier to aim and fire at aerial targets from the safe interiors of the battle tank

Leading Players

Some of the leading companies in remote weapon station market are Raytheon Company, Elbit Systems, Kongsberg Gruppen, General Dynamics Corporation, Leonardo S.P.A., Rafael Advanced Defense Systems, Aselsan A.S, Rheinmetall AG, BAE Systems Plc and Saab AB.

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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global remote weapon station market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of remote weapon station market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the remote weapon station market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the remote weapon station market to understand the present and future trends in this market and formulate their strategies accordingly.

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