Asia Pacific Weapon Mounts Market

Market Introduction

The weapon mounts are the assembly utilized for holding the weapons, typically the guns. These weapon mounts can be divided into two categories namely, static and non-static mounts.The weapon mounts havetheir application for the mounting different types of military weapons such as machine guns, autocannons, rifles, large-caliber guns, missile launchers, across land, air, and naval platforms. The primary factor driving the adoptions of these mounting solutions by the land, air, and naval based military forces is for the need of more accurate, precise, and rapid firing. Further, the rising political tensions between the countries also drive governments to significantly invest on the military and Défenseindustry. The adoptions of advanced weapons provide an upper hand to the militaries in combating any threat to their territory either from land, air or waterways. Large number of weapon mounts are particularly designed for the land-based, armoured vehicles, and aircrafts which include automatic rifles, machine guns, and gatling Guns installed on them.The increasing demand for highly technological weapons coupled with the growing procurements and modernization program by the military are some of the factors that are booming the growth of the weapon mounts market.

Market Overview and Dynamics

The weapon mounts market in Asia Pacific is expected to grow from US$ 296.9Mn in 2019 to US$ 554.7Mn by 2027; it is estimated to grow at a CAGR of 10.31% from 2020 to 2027.China spends substantial amount in military and aerospace equipment, as per SIPRI, in 2019, the country’s Ministry of Finance declared budget of US$ 177.5 billion, spending on equipment accounted for the largest share of the defense budget. This allows various manufacturers in the military and aerospace industry to integrate reliable and robust equipment in their devices.For 2020, China is ranked 3 of 138 out of the countries considered for the annual GFP review. The country is equipped by 1232 aircraft fighters, 371 dedicated attack helicopters, 111, special-mission, 281 attack helicopters for its airborne activities. Further, the country has land forces including, 3500 tanks, 33000 armored vehicles, ~7000 artilleries, while its naval forces include, 2 aircraft carriers, 36 destroyers, 52 frigates, 50 corvettes, 74 submarines, 220 patrol, and 29 mine warfare. The large number of platforms further demand for advanced weapon mounts to deploy their latest weapon systems, and equipment. Moreover, the country is increasing spending its military budgets on acquiring new weapons to combat with accuracy. Presently, in India-China border tension, China army brought its most advanced vehicle-mounted howitzer and other large land equipment in eastern Ladakh. This scenario may further create the high demand for weapons related components such as weapon mounts to successfully operate in the battle field while focusing on soldier protection.

Key Market Segments

In terms of platformtype, theground platformsegment accounted for the largest share of the Asia Pacificweapon mounts marketin 2019. In terms of mount type, the static mount typesegment held a larger market share of theweapon mountsmarketin 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the weapon mountsmarketin Asia Pacificare company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report areAEI Systems Ltd, Leonardo Company, FNHerstal, TMIL-systems, and WE Platt, among others.

Reasons to buy report

• To understand the Asia Pacificweapon mounts marketlandscape and identifymarket segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacificanweapon mountsmarket
• Efficiently plan M&A and partnership dealsin Asia Pacificweapon mountsmarketby identifying market segments with the most promising probable sales
• Helps to takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacificweapon mountsmarket
• Obtain market revenue forecast for market by various segments from 2020-2027 inAsia Pacificregion.

ASIA PACIFICWEAPON MOUNTS MARKET SEGMENTATION

Weapon Mounts Market – By Mount Type

• Static Mount
• Non-Static Mount

Weapon Mounts Market – By Platform

• Ground
  • Vehicle-Mounted
  • Fixed Installation
  • Dismounted Soldiers
• Naval
  • Aircraft Carriers
  • Destroyers
  • Frigates
  • Corvettes
  • Offshore Patrol Vessels
• Airborne
  • Combat Aircraft
  • Attack Helicopters
  • Special Mission Aircraft

Weapon Mounts Market – By Mode of Operation

• Manned
• Remotely Operated

Weapon Mounts Market- By Region

• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Weapon mounts Market-Companies Mentioned

• AEI Systems Ltd.
• CRSystemsInc
• Engine Engineering Company
• FN HERSTAL
• Troy Products
• Leonardo
• ISTEC SERVICES LTD
• Military Systems Group, Inc.
• TMIL-systems
• WE Platt

Asia Pacific Weapon Mounts Market Strategic Insights

Asia Pacific Weapon Mounts Market Report Highlights

Asia Pacific Weapon Mounts Market Country and Regional Insights