Market Size of Land-based Remote Weapon Stations Industry
Study Period | 2019-2029 |
Market Size (2024) | USD 7.06 Billion |
Market Size (2029) | USD 8.94 Billion |
CAGR (2024 - 2029) | 4.84 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Land-based Remote Weapon Stations Market Analysis
The Land-based Remote Weapon Stations Market size is estimated at USD 7.06 billion in 2024, and is expected to reach USD 8.94 billion by 2029, growing at a CAGR of 4.84% during the forecast period (2024-2029).
The use of remote weapon stations has grown over the recent past, particularly driven by the growth in asymmetric warfare. Non-state actors have started employing the techniques and tactics of asymmetric warfare, and conventional forces require new capabilities to become successful in modern combat situations and post-conflict scenarios. In this regard, the use of remote weapon systems is becoming widespread in several anti-terrorist and counter-insurgency operations.
The increase in defense spending by major economies, such as the United States, China, Russia, India, etc., on land combat systems such as armored vehicles, main battle tanks, etc., is driving the growth of the market for land-based RWS.
Recent innovations such as autonomous and unmanned defense vehicle technology, advancements in shock absorption technology, gyroscopic stabilization, compatibility with multiple weapons, ammunitions, and platforms, integration of laser and infrared technology in situational awareness systems, etc., are supporting the market's growth.