SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Remote Weapon Station – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 3929
Companies: 14 – Players covered include Aselsan A.S.; BAE Systems PLC; China North Industries Corporation (NORINCO); Elbit Systems Ltd.; Electro Optic Systems Pty Ltd.; Fn Herstal S.A.; General Dynamics Corporation; Imi Systems Ltd.; Kongsberg Gruppen ASA; Leonardo SpA; Moog, Inc.; Rafael Advanced Defense Systems Ltd.; Raytheon Company; Rheinmetall AG; SAAB AB; ST Engineering and Others.
Coverage: All major geographies and key segments
Segments: Application (Military, Homeland Security); Component (Sensors, HMI, Weapons & Armaments); Platform (Land, Airborne, Naval); Weapon Type (Lethal, Non-lethal)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Remote Weapon Station Market to Reach $16.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Remote Weapon Station estimated at US$9.2 Billion in the year 2020, is projected to reach a revised size of US$16.2 Billion by 2026, growing at a CAGR of 9.8% over the analysis period. Military, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$11.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Homeland Security segment is readjusted to a revised 8.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.1 Billion in 2021, While China is Forecast to Reach $2.8 Billion by 2026
The Remote Weapon Station market in the U.S. is estimated at US$3.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2026 trailing a CAGR of 9.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR. More
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SOURCE Global Industry Analysts, Inc.