Market Share of Weapon Mounts Industry
The weapon mounts market is semi-consolidated, with global and local players contributing significantly to the market's growth through competitive pricing and innovation. Some major companies in the market include RTX Corporation, BAE Systems PLC, Kongsberg Gruppen ASA, Saab AB, and Elbit Systems Ltd. Some players have partnered with local companies to expand their customer base and share technical expertise. For instance, in collaboration with Elbit Systems, Adani Defense and Aerospace is set to enhance the Indian Army's artillery capabilities by offering a Mounted Gun System (MGS) based on Elbit’s ATMOS 155mm/52 caliber truck-mounted howitzer.
Geopolitical instabilities in regions like Eastern Europe, the Middle East, and Asia-Pacific catalyze the demand for advanced weapon mount systems. In the United States, there is a concerted effort to modernize land forces by phasing out obsolete weaponry in favor of cutting-edge systems. Concurrently, the heightened emphasis on naval strength over the past decade has resulted in substantial orders for various warships, necessitating the integration of new mounted weaponry to bolster maritime defense capabilities.
Weapon Mounts Market Leaders
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RTX Corporation
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Saab AB
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Elbit Systems Ltd.
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Kongsberg Gruppen ASA
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BAE Systems plc
*Disclaimer: Major Players sorted in no particular order
