Sea-Based Remote Weapon System Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.41 Billion |
| Market Size (2029) | USD 4.85 Billion |
| CAGR (2024 - 2029) | 7.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sea-Based Remote Weapon System Market Analysis
The Sea-based Remote Weapon Systems Market size is estimated at USD 3.41 billion in 2024, and is expected to reach USD 4.85 billion by 2029, growing at a CAGR of 7.32% during the forecast period (2024-2029).
The demand for advanced weaponry onboard naval vessels is increasing steadily, fueled by naval fleet expansion plans of various countries to enhance their naval capabilities. This is expected to generate the demand for sea-based remote weapon systems during the forecast period.
The increasing investments of armed forces and remote weapon systems manufacturers into developing advanced remote weapon stations integrated with new sensor technologies (visual systems) and firing systems (like directed energy weapons) are anticipated to bolster the market's growth in the coming years.
However, the high costs of remote weapon systems and complex integration are restraining factors of market growth in the forecast period.
Sea-Based Remote Weapon System Market Trends
Destroyers to Account for Largest Market Share During the Forecast Period
Amidst escalating tensions and border disputes, countries are increasing their annual defense budget to construct destroyers. The Philippine Navy announced its plans to buy 25-30 warships, including destroyers, to modernize and expand its fleet by 2030. In December 2022, the second of the Project 15B stealth-guided missile destroyers built by Mazagon Dock Shipbuilders Limited (MDSL) was inducted into the Indian Navy. The destroyers are being built under Project 15-B, and the Indian government has signed a deal to acquire an advanced sensor and weapon systems package for under-construction warships for nearly USD 800 million.
The replacement programs in various countries to replace the current aging fleet of destroyers with modern detection and weapon systems are also propelling the market. According to the Defense Buildup Program, the Japan Maritime Self-Defense Force (JMSDF) will increase the number of Aegis destroyers (DDG) from the current fleet of eight to ten. The Japanese government has also decided to purchase 500 Tomahawk cruise missiles, which will be installed on JMSDF Aegis destroyers. During the forecast period, such procurement plans for destroyers will boost the demand for sea-based remote weapon systems.
Asia-Pacific to Register Highest Growth During the Forecast Period
The Asia-Pacific region is expected to witness the highest market growth as the nations invest significant resources to ensure the combat readiness of existing systems. Thus, several weapon modernization programs are underway to effectively upgrade the capabilities of the regional armed forces to respond to security threats and accomplish urgent, critical, and dangerous strategic missions.
The various countries in the Asia-Pacific are rapidly increasing their military expenditure due to growing political tensions and border issues. China was the most significant military spender in the region, with USD 296 billion in military spending in 2023. The Chinese People's Liberation Army Navy (PLAN) is rapidly replacing obsolescent and single-purpose ships in favor of larger, multirole combatants with advanced anti-ship, anti-air, and anti-submarine weapons and sensors.
Furthermore, due to political tensions with China, countries like India, Japan, the Philippines, and Australia are modernizing and upgrading their naval vessels and combat systems to enhance their naval capabilities. As of November 2022, the Indian Navy had 45 vessels of various types under construction and planned to build a strong navy of 200 vessels by 2050. In August 2023, the government recently cleared a USD 2.4 billion deal to manufacture fleet support vessels (FSVs), which the Indian Navy urgently requires. Under the Make in India initiative, the country rapidly increased its indigenously produced warships and initiated Project 75 Alpha. Under this project, six submarines will be designed by the Navy's in-house Directorate of Naval Design and built by the Shipbuilding Centre at Visakhapatnam. The construction is expected to commence on 2023-24, while the first submarine will enter service in 2032. Such developments will likely contribute to the market growth in the coming years.
Sea-Based Remote Weapon System Industry Overview
The sea-based remote weapon systems market is consolidated, and some of the prominent players are Saab AB, Elbit Systems Ltd., Kongsberg Defence & Aerospace, RTX Corporation, and ASELSAN A.S. Remote weapon systems (RWS) manufacturers are investing heavily in RWS development to increase their product portfolio. Integrating advanced sensor systems and optronic equipment is anticipated to help the companies expand their geographical presence in emerging markets.
Also, the regional players in the market are collaborating with international players through technology transfer agreements to develop indigenous capabilities. For instance, in November 2022, Kongsberg Defence & Aerospace partnered with THALES to support the British armed forces’ Protector Remote Weapon Systems (RWS) program. Such partnerships are anticipated to help the players cater to the respective government bodies, thereby increasing their share in the market in the coming years.
Sea-Based Remote Weapon System Market Leaders
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Saab AB
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Elbit Systems Ltd.
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Kongsberg Defence & Aerospace
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RTX Corporation
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ASELSAN A.Ş.
*Disclaimer: Major Players sorted in no particular order
Sea-Based Remote Weapon System Market News
- July 2023: Unirobotics, a Turkish defense company, announced that it is expected to deliver four units of its Trakon Targan RCS to ASFAT to be fitted on board two Hisar-class offshore patrol vessels. Trakon Targan is designed as a close-in weapon system onboard naval vessels to engage air and surface targets.
- June 2023: Leonardo S.p.A. launched the LIONFISH 30 naval turret, which joined Leonardo’s range of small-caliber LIONFISH products, which includes the 12.7mm and 20 mm versions.
Sea-Based Remote Weapon System Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Naval Vessel Type
- 5.1.1 Destroyers
- 5.1.2 Frigates
- 5.1.3 Submarines
- 5.1.4 Corvettes
- 5.1.5 Aircraft Carriers
- 5.1.6 Other Vessel Types
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 France
- 5.2.2.3 Germany
- 5.2.2.4 Russia
- 5.2.2.5 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 South Korea
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 Rest of the World
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Saab AB
- 6.1.2 FN Herstal
- 6.1.3 Kongsberg Defence & Aerospace (Kongsberg Gruppen ASA)
- 6.1.4 Hanwha Systems Co., Ltd.
- 6.1.5 Elbit Systems Ltd.
- 6.1.6 Rafael Advanced Defense Systems Ltd.
- 6.1.7 ASELSAN A.Ş.
- 6.1.8 Leonardo S.p.A.
- 6.1.9 Rostec
- 6.1.10 RTX Corporation
- 6.1.11 General Dynamics Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sea-Based Remote Weapon System Industry Segmentation
A remote weapon system (RWS), also known as a remote-controlled weapon station (RCWS) or remote weapon station (RWS), is a remotely operated weaponized system equipped with firing and related control systems for light and medium-caliber weapons. The remote weapon systems used in the sea platform belong to the scope of the study.
The sea-based remote weapon systems market is segmented by naval vessel type and geography. By naval vessel type, the market is segmented into destroyers, frigates, submarines, corvettes, aircraft carriers, and other vessel types. The report also covers the market sizes and forecasts for the sea-based remote weapon systems market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Naval Vessel Type | Destroyers | |
| Frigates | ||
| Submarines | ||
| Corvettes | ||
| Aircraft Carriers | ||
| Other Vessel Types | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World |
Sea-Based Remote Weapon System Market Research FAQs
How big is the Sea-based Remote Weapon Systems Market?
The Sea-based Remote Weapon Systems Market size is expected to reach USD 3.41 billion in 2024 and grow at a CAGR of 7.32% to reach USD 4.85 billion by 2029.
What is the current Sea-based Remote Weapon Systems Market size?
In 2024, the Sea-based Remote Weapon Systems Market size is expected to reach USD 3.41 billion.
Who are the key players in Sea-based Remote Weapon Systems Market?
Saab AB, Elbit Systems Ltd., Kongsberg Defence & Aerospace, RTX Corporation and ASELSAN A.Ş. are the major companies operating in the Sea-based Remote Weapon Systems Market.
Which is the fastest growing region in Sea-based Remote Weapon Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sea-based Remote Weapon Systems Market?
In 2024, the North America accounts for the largest market share in Sea-based Remote Weapon Systems Market.
What years does this Sea-based Remote Weapon Systems Market cover, and what was the market size in 2023?
In 2023, the Sea-based Remote Weapon Systems Market size was estimated at USD 3.16 billion. The report covers the Sea-based Remote Weapon Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sea-based Remote Weapon Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sea-Based Remote Firing System Industry Report
Statistics for the 2024 Sea-Based Remote Firing System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sea-Based Remote Firing System analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
