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Global Remote Weapon Station Industry
August 7, 2019 | PRNewswireEstimated reading time: 2 minutes
Remote weapon station market worldwide is projected to grow by $9.2 billion, guided by a compounded growth of 11.3%. Staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments. Military, one of the segments analyzed and sized in this study, displays the potential to grow at over 12%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over $11.2 billion by the year 2025, Military will bring in healthy gains adding significant momentum to global growth.
While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers. Representing the developed world, the United States will maintain a 13.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over $684.3 million to the region's size and clout in the next 5 to 6 years. Over $847.8 million worth of projected demand in the region will come from other emerging Eastern European markets. In Japan, Military will reach a market size of $775.8 million by the close of the analysis period.
As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.4% over the next couple of years and add approximately $1.5 billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, Aselsan A.S. (Turkey); BAE Systems PLC (United Kingdom); China North Industries Corporation (NORINCO) (China); Elbit Systems Ltd. (Israel); Electro Optic Systems Pty Ltd. (Australia); Fn Herstal S.A. (Belgium); General Dynamics Corporation (USA); Imi Systems Ltd. (Israel); Kongsberg Gruppen ASA (Norway); Leonardo SpA (Italy); Moog, Inc. (USA); Rafael Advanced Defense Systems Ltd. (Israel); Raytheon Company (USA); Rheinmetall AG (Germany); SAAB AB (Sweden); ST Engineering (Singapore).
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