The various platforms operated by the contractors include, armored vehicles, fixed installations, aircraft carriers, destroyers’, frigates, corvettes, attack helicopters, combat aircrafts, special-mission aircrafts, and others. The government awards contracts to various vendors for weapon mount products. Since weapon mounts are considered essential components, the demand for the same is high among the military & defense departments as well as country’s government.
The key stakeholders in the weapon mounts market are raw material suppliers, weapon mount manufacturers, and end users. The manufacturers constantly procure raw material from the suppliers in order to produce increased volumes of mounts with an objective to meet the demands from the customers. The raw materials used in production of weapon mounts include metals such as stainless steel, aluminum, and combination of alloys. The availability of large number of raw material suppliers enables the mount manufacturers to choose appropriate supplier. This enhances the supply chain of raw material. Upon procuring raw materials, the weapon mount OEMs produce significant volumes of mounting solutions with varied size, weight, and other parameters, thereby, meeting respective customer demands. The end users in the weapon mounts market include military forces including, army, navy and aerospace. These end users require significant volumes of mounts in order to mount various types of weapons on the platforms such as, aircraft carries, armored vehicles, attack helicopters, fighter aircrafts, destroyers’, and others.
Weapon mounts market is likely to witness a strong growth during 2023-2031. The demand for weapon mounts market is mainly driven by some of the key factors such as:
Such factors are likely to drive the growth for weapon mounts market in the coming years.
The rise in number of weapon stations across different regions is one of the major factors propelling the procurement of weapon mounts worldwide. For instance,
Such developments have been pushing the deployment of weapon mounts across different regions.
The deployment of laser weapons across airborne, ground, and naval platforms is one of the major factors likely to provide new opportunities for market vendors in the coming years. For instance,
Such factors are likely to boost the need for weapon mounts in the coming years.
Key segments that contributed to the derivation of the Weapon Mounts Market analysis are mount type, platform, mode of operation, and geography.
The geographic scope of the Weapon Mounts Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
In 2023, the North America region dominated the global weapon mounts market and is expected to retain its dominance during the forecast period as well. This is mainly due to the presence of largest military spending country i.e. the US and the presence of a few of the major weapon mount manufacturers across the region. The demand for various military equipment is on the rise as governments across the North American region are increasingly focusing on military modernization owing to the increasing security concerns. The sustained and uncertainty complexity of the international security environment worldwide is expected to boost defense spending by the authorities in the region over the next five years. Moreover, the US administration’s increased emphasis on enhancing the military capabilities is expected to be one of the major growth drivers for defense spending in the coming years.
The Weapon Mounts Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for weapon mounts market and strategies:
The regional trends and factors influencing the Weapon Mounts Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Weapon Mounts Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.18 Billion |
| Market Size by 2031 | US$ 2.38 Billion |
| Global CAGR (2023 - 2031) | 9.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Mount Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Weapon Mounts Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Weapon Mounts Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The “Weapon Mounts Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: