According to a market report by Lucintel, the future of the global turret system market looks promising with opportunities in the turret drive, turret control, and stabilization unit markets. The global turret system market is expected to reach an estimated $21.8 billion by 2030 from $18.8 billion in 2024, at a CAGR of 2.5% from 2024 to 2030. The major drivers for this market are growing demand for turret gun systems by defense and military forces, increasing air traffic and rising need for anti-aircraft defense systems, and on-going advancement of advanced turret systems with features, such as fire control, target acquisition, and tracking.
A more than 150-page report to understand trends, opportunity and forecast in turret system market to 2030 by platform (land, naval, and airborne), type (manned turret and unmanned turret), component (turret drive, turret control, and stabilization unit), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the platform category land will remain the highest growing segment over the forecast period due to combination of technological advancement, growing adoption of turret systems to diverse land-based missions, and increasing inclination towards various land warfare vehicles, including tanks, LPVs, and others.
Within the component category, turret drive will remain the largest segment.
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In terms of regions, North America will remain the largest region over the forecast period due to growing investment in military weapons and constant upgradation in the defense sector in this region.
BAE Systems, Leonardo, General Dynamics, Lockheed Martin, Moog, Thales, Rheinmetall, Northrop Grummanare the major suppliers in the turret system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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