Worldwide Modular Combat Turret Industry to 2028 - by Offerings, Platform and Geography - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Modular Combat Turret Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offerings and Platform" report has been added to ResearchAndMarkets.com's offering.

The COVID-19 outbreak has adversely affected the world and is continuing to shatter several countries. Until the outbreak, the defense industry was experiencing substantial growth in terms of production and services. However, the outbreak has disrupted the supply chain and manufacturing of defense equipment. The recovery period of the pandemic impact on the defense industry is foreseen to be quicker as compared to various other industries. This is because various defense forces are awarding contracts for armored vehicles and other equipment to the manufacturers. The production of the equipment is expected to start at a slower pace and is anticipated to gain pace over the years, which is expected to positively influence the defense equipment manufacturing including modular combat turret. This factor would propel the growth of modular combat turret market during the forecast period.

The global modular combat turret system market is segmented on the basis of offerings and platform. Based on offerings, the market is bifurcated into manned turret and unmanned turret. Based on platform, the market is segmented into land, naval, and airborne. By geography, the modular combat turret market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).

A few key players operating in the global modular combat turret market and profiled in the market study are BAE Systems, Control Solution LLC, Curtiss-Wright Corporation, Denel Dynamics, Elbit System Ltd., Jenoptik AG, Leonardo S.P.A, Moog Inc., Otokar Otomotiv ve Savunma Sanayi A.S., and Rheinmetall AG.

The overall global modular combat turret market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the modular combat turret market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the modular combat turret market.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global modular combat turret market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global modular combat turret market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Market Dynamics

Drivers

• Increasing Demand for Main Battle Tanks and Armored Combat Vehicles
• Rising Military Expenditure

Restraints

• Reliability and Maintenance Issues in Modular Combat Turrets

Opportunities

• Rising Demand for Unmanned Turrets

Future Trends

• Upgrade of Older or Existing Fleet

Companies Mentioned

• BAE Systems
• Control Solution LLC
• Curtiss-Wright Corporation
• Denel Dynamics
• Elbit System Ltd.
• Jenoptik AG
• Leonardo S.P.A
• Moog Inc.
• Otokar Otomotiv ve Savunma Sanayi A.S.
• Rheinmetall AG

For more information about this report visit https://www.researchandmarkets.com/r/w57eip