Leading market players are investing heavily in R&D in order to expand their product lines, which will help the Weapon Mounts market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Weapon Mounts industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Weapon Mounts industry to benefit clients and increase the market sector. In recent years, the Weapon Mounts industry has offered some of the most significant advantages to the market. Major players in the Weapon Mounts market, including AEI Systems Ltd (UK), Capco LLC (US), Kongsberg Defense & Aerospace (Norway), Crsystems Inc. (US), Fjord Defense AS (Norway), and others, are attempting to increase market demand by investing in research and development operations.
AEI SYSTEMS LIMITED is a Private limited company (Ltd.) company based at 35 BALLARDS LANE, LONDON, United Kingdom, which employs 18 people. The company started working on 17 June 2002. The company registration number is 04462335; its main line of business activity is the Manufacture of air and spacecraft and related machinery. According to the latest statements issued on 2021-12-31, there are currently 18 directors. In Feb 2023, Managing Director Simon Angel announced that Turkish defense conglomerate Samsun Yurt Defense (SYS) completed an 80% investment into AEI Systems.
SYS, the owner of the CANiK pistol brand, already make their own version of the 12.7mm M2HB as well as being in the process of making their own variety of Remote Weapon Stations under their Unirobotics brand, and their investments in AEI, an investment into medium caliber gun technology. For AEI, the result will be a much stronger financial base to allow for investment in the development of existing and future products.
KONGSBERG was founded in March 1814, by Poul Steenstrup. Kongsberg Våpenfabrikk (Weapons Factory) started producing rifles for the Norwegian Armed Forces. The year 1987 proved to be a turning point in the company's history. Kongsberg Våpenfabrikk was split into separate divisions with specific responsibilities within automotive parts, aircraft parts, gas turbines, oil installations, maritime equipment, drawing machines, and defense materials. In Feb 2023, Harwich Haven Authority made an announcement regarding the award of a contract to Kongsberg Norcontrol Ltd for the commissioning, supply, and support of a Vessel Traffic Services (TS) system and a Port Management Information System (PMIS).
The VTS (Vessel Traffic Services) system is based on Kongsberg Norcontrol's 7th generation Vessel Traffic Services system that is in service with ports across the globe.