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Weapon Mount Market Trends

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Growth Drivers

Challenges

Base Year	2023
Forecast Year	2024–2036
CAGR	6.9%
Base Year Market Size (2023)	USD 1.41 billion
Forecast Year Market Size (2036)	USD 3.36 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits: Dhruv Bhatia

Frequently Asked Questions (FAQ)

Increased procurement of armored vehicles globally and growing demand for mounts in the navy are estimated to drive market growth.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 â€“ 2029.

Lack of technical expertise required for manufacture and repairing mounts is estimated to hamper the market growth.

Asia Pacific is expected to provide more market growth opportunities augmented demand for weapon mounts for ground, airborne and naval platforms.

The major players in the market are Military Systems Group Inc., Leonardo S.p.A., FN Herstal, Ohio Ordnance Works Inc., and others.

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