Market Research Report
Turret System Market by Platform (Land, Naval, Airborne), Type (Manned, Unmanned), Component (Turret Drive, Turret Control Unit, Stabilization Control), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||572137|
|Published||Content info||150 Pages
Delivery time: 1-2 business days
|Turret System Market by Platform (Land, Naval, Airborne), Type (Manned, Unmanned), Component (Turret Drive, Turret Control Unit, Stabilization Control), and Region - Global Forecast to 2022|
|Published: October 26, 2017||Content info: 150 Pages||
"Increasing demand for turret gun systems from military forces and modernization programs in various countries are the major factors driving the turret system market globally."
The turret system market is expected to grow from USD 2.07 billion in 2017 to USD 2.88 billion by 2022, at a CAGR of 6.86% from 2017 to 2022. The market for turret system is driven by several factors such as rising incidences of asymmetric warfare and military forces of different countries across the globe are constantly enhancing their combat capabilities by procuring armored platforms equipped with advanced turret systems. In some cases, the occurrence of mechanical, electrical, and other failures in turret systems are a major restraint for the growth of the turret system market across the globe.
Based on type, the turret system market has been segmented into manned turret and unmanned turret. The manned turret type segment is expected to lead the turret system market during the forecast period. Manned turret provides self-protection, ground fire support, and attacking capabilities to the warship with an optimal balance between situational awareness and crew protection capabilities.
The North America region is expected to lead the turret system market in 2017. However, the market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. In North America, the US is considered to be the largest market for turret system, owing to technological advancements and rising incidences of armed conflicts or war against terrorism. The US is one of the main manufacturers and end users of turret system across the globe, due to the threats received by the country and its participation in the war against terrorism in Syria, Iraq, and Afghanistan. The acceptance of turret system provides enhanced assistance to the troops and helps them in various military applications.
The major companies profiled in the report include: MOOG (US), Jenoptik (Germany), Otokar (Turkey), Control Solution (US), Curtiss-Wright (US), Lockheed Martin (US), Elbit Systems (Israel), Woodward (US), Bae Systems (UK), Rheinmetall (Germany), CMI Group (Belgium), and others.
This report presents a complete analysis of the turret system market during the forecast period. The turret system market has been broadly classified on the basis of platform (land, airborne, naval), component (turret drive, turret control unit, stabilization unit), type (manned, unmanned), and region.
From an insight perspective, this research report has focused on various levels of analysis - industry analysis (industry trends and focus), market-share analysis of top players, vendor dive analysis of top 25 players, and company profiles, which together comprise and discuss the basic views on competitive landscape, emerging and high-growth segments of the turret system market, high-growth regions and countries, and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
The report provides insights into the following pointers:
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies