DUBLIN--(BUSINESS WIRE)-- The "Remote Weapon Station Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global remote weapon station market to grow with a CAGR of 8.1% over the forecast period of 2018-2024. The report on global remote weapon station market provides qualitative and quantitative analysis for the period of 2016 to 2024.

The key factor contributing to the growth of the remote weapon station market is increasing deployment of remote weapon stations on combat vehicles. A remote weapon station provides many benefits such as 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, the rising numbers of cross border conflicts and terrorist activities are fueling the remote weapon station market.

Also, on-ongoing military modernization program is augmenting the growth of the market. However, mobility, maintenance, potential faults, and reloading are some of the few examples of the downsides of having a remote weapon station (RWS); these downsides can act as restraints 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.

Among the Geographies, North America is the leading region in the 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. In 2017, U.S. President Trump 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 on account of increase in defense budgets and initiatives taken by governments to modernize the military.

Segment Covered

Global Remote Weapon Station Market by Technology

• CIWS
• Remote Controlled Gun Systems

Global Remote Weapon Station Market by Platform

• Land
• Main Battle Tanks
• Armored Fighting Vehicle
• Others
• Airborne
• Fighter Aircraft
• Helicopter
• Naval
• Corvettes
• Offshore Petrol Vehicles
• Others

Global Remote Weapon Station Market by Component

• Human Interface Machines
• Weapons & Armaments
• Sensors

Global Remote Weapon Station Market by Weapon Type

• Lethal Weapon
• Small Caliber
• Medium Caliber
• Non-Lethal Weapon

Global Remote Weapon Station Market by Mobility

• Moving
• Stationary

Company Profiles

• 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
• Saab AB

For more information about this report visit https://www.researchandmarkets.com/research/qmfqqs/remote_weapon?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181031005589/en/

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