Turret System Market Size, Share & Trends Analysis Report By Platform (Land, Naval), By Component (Turret Drive, Turret Control), By Type (Manned, Unmanned), By Region, And Segment Forecasts, 2024 - 2030
Turret System Market Size, Share & Trends Analysis Report By Platform (Land, Naval), By Component (Turret Drive, Turret Control), By Type (Manned, Unmanned), By Region, And Segment Forecasts, 2024 - 2030
Turret System Market Size & Trends
The global turret system market size was estimated at USD 19.87 billion in 2023 and is expected to grow at a CAGR of 2.8% from 2024 to 2030. Turret systems are essential components of armored vehicles, providing platforms for mounting and operating weapons. Numerous factors, such as increased defense spending, technological advancements, and growing emphasis on situational awareness, drive market growth.
Growing geopolitical tensions and the need to modernize military arsenals drive substantial investments in defense technologies, including turret systems. The need for improved situational awareness on the battlefield drives the development of turret systems equipped with advanced sensors and targeting capabilities. Moreover, innovations in areas such as sensor fusion, AI, and automation are enhancing the capabilities of turret systems, making them more effective and efficient.
Turret systems come with multi-mission capabilities, allowing for customization to boost the performance of combat vehicles. They feature a modular mission package built on an open architecture, facilitating integration with additional systems for a variety of operations. Combat vehicles can further connect with external payloads like the Remote Weapon System (RWS), interrogation devices, and Reconnaissance, Surveillance, Targeting, and Acquisition (RSTA) technologies to assist in combat, chemical, biological, radiological, and nuclear (CBRN) defense, RSTA, and route clearing tasks.
Turret systems offer the flexibility to swap weapon systems according to the specific needs of a mission. For instance, infantry fighting vehicles can be outfitted with heavier weapons and advanced situational awareness tools to increase combat effectiveness. The capability to accommodate various payload systems not only improves the operational effectiveness of armored vehicles but also significantly cuts down their life cycle expenses and lightens the burden on soldiers. The modularity of turret systems has spurred the creation of adaptable new systems that seamlessly integrate with existing ones.
Global Turret Systems Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global turret system market report based on platform, type, component, and region.
Platform Outlook (Revenue, USD Billion, 2017 - 2030¬)
Land
Mobile/Vehicular
Fixed/Stationary
Airborne
Attack Helicopters
Fighter Aircrafts
Special Mission Aircrafts
Unmanned Aerial Vehicles (UAVs)
Naval
Destroyer
Frigates
Offshore Support Vessels (Oosts)
Corvettes
Patrol & Mine Countermeasure Vessels
Amphibious Vessels
Submarines
Unmanned Surface Vehicles (USAs)
Type Outlook (Revenue, USD Billion, 2017 - 2030)
Manned
Unmanned
Component Outlook (Revenue, USD Billion, 2017 - 2030)
Turret Drive
Turret Control
Stabilization Unit
Regional Outlook (Revenue, USD Billion, 2017 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
MEA
UAE
South Africa
KSA
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Turret System Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market Drivers Analysis
3.4.1.1. Development of modular and scalable turret systems
3.4.1.2. Increasing adoption of unmanned systems
3.4.2. Market Restraints Analysis
3.4.2.1. High development cost
3.4.3. Industry Opportunities
3.4.4. Industry Challenges
3.5. Turret System Market Analysis Tools
3.5.1. Porter’s Analysis
3.5.1.1. Bargaining power of the suppliers
3.5.1.2. Bargaining power of the buyers
3.5.1.3. Threats of substitution
3.5.1.4. Threats from new entrants
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Economic and Social landscape
3.5.2.3. Technological landscape
3.5.2.4. Environmental landscape
3.5.2.5. Legal landscape
Chapter 4. Turret System Market: Platform Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Turret System Market: Platform Movement Analysis, 2023 & 2030 (USD Million)
4.3. Land
4.3.1. Land Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)