Market Share of Remote Weapon Systems Industry
The remote weapon systems market is fragmented due to the presence of many global as well as regional defense manufacturers and suppliers that cater to the requirements of remote weapon systems of armed forces around the world. About 13 players in the market account for approximately 50% of the market share. THALES, BAE Systems plc, Rheinmetall AG, Leonardo S.p.A., and ASELSAN A.S. are the dominant players in the market. Some of the other prominent players in the local and regional markets are China Ordnance Industries Group Corporation Limited, Rostec State Corporation, L3Harris Technologies Inc., Israel Aerospace Industries Ltd., Patria Group, and KMW+Nexter Defense Systems, among others. With the growing demand for remote-control weapon systems, the innovation of new systems with advanced sensor systems and optronic equipment in fire control systems to target, track, and hit the target is anticipated to increase. It is thereby helping the companies expand their geographical presence in emerging markets.
For instance, in March 2023, General Dynamics European Land Systems (GDELS) awarded Elmet International SRL (a subsidiary of Elbit Systems) a follow-on contract worth USD 120 million to supply unmanned turrets, Remote Controlled Weapon Stations (RCWS), and mortar systems for the Romanian Armed Forces 'Piranha V' Armored Personnel Carrier (APC).
Remote Weapon Systems Market Leaders
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Rheinmetall AG
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THALES
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BAE Systems plc
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ASELSAN A.Ş.
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Leonardo S.p.A.
*Disclaimer: Major Players sorted in no particular order
