DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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.
- BAE Systems
- CMI Group
- Control Solutions
- Denel Vehicle Systems
- Elbit Systems
- Leonardo SAP
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Turret System Market, By Platform
8 Turret System Market, By Type
9 Turret System Market, By Component
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/j5rvdq/global_turret?w=4