Weapon Mounts Industry - Regional Synopsis
Asia Pacific industry is expected to hold largest revenue share by 2037, owing to augmented demand for weapon mounts for ground, airborne and naval platforms. In addition to this, different border disputes between countries such as China, India, Pakistan, Afghanistan, North Korea, and South Korea, among others, are driving these countries to increase their investment in defense technology, which includes the procurement of armored vehicles, combat aircraft, naval ships, and weapons for soldiers which supports the development of the market in the near future. Moreover, Europe is also estimated to garner significant market share during the forecast period, which can be attributed to the increasing defense investments in countries such as Germany, Russia and France.
