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

  • ID: 4417648
  • Report
  • Region: Global
  • 150 Pages
  • Markets and Markets
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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.

FEATURED COMPANIES

  • Bae Systems
  • Control Solutions
  • Denel Vehicle Systems
  • Jenoptik
  • Moog
  • Rheinmetall
  • MORE

"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.

"The manned turret segment is expected to lead the market during the forecast period."

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.

"North America is expected to lead the turret system market; the Asia Pacific turret system market is projected to grow at the highest rate."

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.

Breakup of profile of primary participants for the turret system market:

  • By Company Type - Tier 1 - 40 %, Tier 2 - 35% and Tier 3 - 25%
  • By Designation - C level - 45%, Director level - 25%, Others - 30%
  • By Region - North America - 15%, Europe - 20%, APAC - 40%, RoW - 25%

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.

Research Coverage:

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.

Reasons to buy the report:

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:

  • Market Penetration: Comprehensive information on turret system offered by top 25 players in the turret system market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the turret system market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyses markets for turret system across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the turret system market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the turret system market.
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FEATURED COMPANIES

  • Bae Systems
  • Control Solutions
  • Denel Vehicle Systems
  • Jenoptik
  • Moog
  • Rheinmetall
  • MORE

1 Introduction
    1.1 Market Definition
    1.2 Study Scope
           1.2.1 Markets Covered
           1.2.2 Regional Scope
           1.2.3 Years Considered for the Study
    1.3 Currency & Pricing
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in the Turret System Market, 2017-2022
    4.2 Naval Platform Segment, By Sub-Segment
    4.3 Airborne Platform Segment, By Sub-Segment
    4.4 Land Platform Segment, By Sub-Segment
    4.5 Turret System Market Share, By Component, 2017
    4.6 APAC Turret System Market

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Turret Gun Systems From Military Forces of Different Countries
                    5.2.1.2 Rising Incidence of Asymmetric Warfare is Leading to the Adoption of Unmanned Turret Systems By Defense Forces Across the Globe
                    5.2.1.3 Overhaul of Existing Warfare Platforms With Modern Turret Systems
                    5.2.1.4 Launching of Modular Designs of Turret Systems
           5.2.2 Restraints
                    5.2.2.1 Occurrence of Mechanical, Electrical, and Other Failures in Turret Systems
           5.2.3 Opportunities
                    5.2.3.1 Ongoing Military Modernization Programs in Various Countries Across the Globe
           5.2.4 Challenges
                    5.2.4.1 Chances of Hardware and Software Malfunctions in Turret Systems
                    5.2.4.2 Reduction in Power-Related Issues in Turret Systems
                    5.2.4.3 Complexity Involved in Integrating Turret Systems With Other Systems
                    5.2.4.4 High Costs Involved in Developing Advanced Turret Systems

6 Industry Trends
    6.1 Introduction
    6.2 Technological Trends in the Turret System Market
           6.2.1 Turret Drive Servo System (TDSS) Technology
           6.2.2 Hybrid Power Systems
           6.2.3 Improved Electromechanical Actuators
           6.2.4 Integrated Turret Systems
           6.2.5 Advanced Control Software
    6.3 Innovations & Patent Registrations

7 Turret System Market, By Platform
    7.1 Introduction
    7.2 Land
           7.2.1 Vehicle Platform
                    7.2.1.1 Tanks
                    7.2.1.2 Armored Fighting Vehicles (AFVS)
                    7.2.1.3 Light Protected Vehicles (LPVS)
                    7.2.1.4 Others
           7.2.2 Stationary
    7.3 Naval
           7.3.1 Destroyers
           7.3.2 Frigates
           7.3.3 Corvettes
           7.3.4 OPVS
           7.3.5 Others
    7.4 Airborne
           7.4.1 Helicopters
           7.4.2 Combat Support Aircraft
           7.4.3 Unmanned Aerial Vehicles (UAVS)

8 Turret System Market, By Type
    8.1 Introduction
    8.2 Manned Turret
    8.3 Unmanned Turret

9 Turret System Market, By Component
    9.1 Introduction
    9.2 Turret Drive
           9.2.1 Manual
           9.2.2 Electric
           9.2.3 Electro-Mechanical
           9.2.4 Electro-Hydraulic
    9.3 Turret Control Unit
           9.3.1 Motor Controller
           9.3.2 Power Unit
           9.3.3 Others
    9.4 Stabilization Unit

10 Regional Analysis
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
     10.3 Europe
             10.3.1 Russia
             10.3.2 Germany
             10.3.3 UK
             10.3.4 France
             10.3.5 Italy
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Australia
             10.4.4 Japan
             10.4.5 South Korea
             10.4.6 Rest of APAC
     10.5 The Middle East
             10.5.1 Saudi Arabia
             10.5.2 Israel
             10.5.3 Turkey
             10.5.4 Rest of Middle East
     10.6 RoW
             10.6.1 Africa
             10.6.2 Latin America

11 Competitive Landscape
     11.1 Introduction
     11.2 Turret System Market Ranking Analysis, 2016

12 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Moog
     12.2 Jenoptik
     12.3 Otokar
     12.4 Control Solutions
     12.5 Elbit Systems
     12.6 CMI Group
     12.7 Rheinmetall
     12.8 Bae Systems
     12.9 Curtiss-Wright
     12.10 Woodward
     12.11 Denel Vehicle Systems
     12.12 Leonardo Spa

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

List of Tables
Table 1 Important Innovations & Patent Registrations, 2001-2015
Table 2 Turret System Market Size, By Platform, 2015-2022 (USD Million)
Table 3 Land Segment, By Type, 2015-2022 (USD Million)
Table 4 Land Segment, By Region, 2015-2022 (USD Million)
Table 5 Vehicle Platform Segment, By Type, 2015-2022 (USD Million)
Table 6 Naval Segment, By Type, 2015-2022 (USD Million)
Table 7 Naval Segment, By Region, 2015-2022 (USD Million)
Table 8 Airborne Segment, By Type, 2015-2022 (USD Million)
Table 9 Airborne Segment, By Region, 2015-2022 (USD Million)
Table 10 Turret System Market, By Type, 2015-2022 (USD Million)
Table 11 Manned Turret Segment, By Region, 2015-2022 (USD Million)
Table 12 Unmanned Turret Segment, By Region, 2015-2022 (USD Million)
Table 13 Turret System Market, By Component, 2015-2022 (USD Million)
Table 14 Turret Drive Segment, By Region, 2015-2022 (USD Million)
Table 15 Turret Drive Segment, By Type, 2015-2022 (USD Million)
Table 16 Turret Control Unit Segment, By Region, 2015-2022 (USD Million)
Table 17 Turret Control Unit Segment, By Type, 2015-2022 (USD Million)
Table 18 Stabilization Unit Segment, By Region, 2015-2022 (USD Million)
Table 19 Turret System Market, By Region, 2015-2022 (USD Million)
Table 20 North America: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 21 North America: Land Segment, By Type, 2015-2022 (USD Million)
Table 22 North America: Vehicle Platform Segment, By Type, 2015-2022 (USD Million)
Table 23 North America: Naval Segment, By Type, 2015-2022 (USD Million)
Table 24 North America: Airborne Segment, By Type, 2015-2022 (USD Million)
Table 25 North America: Turret System Market, By Type, 2015-2022 (USD Million)
Table 26 North America: Turret System Market, By Component, 2015-2022 (USD Million)
Table 27 North America: Turret System Market, By Country, 2015-2022 (USD Million)
Table 28 US: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 29 US: Turret System Market, By Type, 2015-2022 (USD Million)
Table 30 Canada: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 31 Canada: Turret System Market, By Type, 2015-2022 (USD Million)
Table 32 Europe: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 33 Europe: Land Segment, By Type, 2015-2022 (USD Million)
Table 34 Europe: Vehicle Platform Segment, By Type, 2015-2022 (USD Million)
Table 35 Europe: Naval Segment, By Type, 2015-2022 (USD Million)
Table 36 Europe: Airborne Segment, By Type, 2015-2022 (USD Million)
Table 37 Europe: Turret System Market, By Type, 2015-2022 (USD Million)
Table 38 Europe: Turret System Market, By Component, 2015-2022 (USD Million)
Table 39 Europe: Turret System Market, By Country, 2015-2022 (USD Million)
Table 40 Russia: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 41 Russia: Turret System Market, By Type, 2015-2022 (USD Million)
Table 42 Germany: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 43 Germany: Turret System Market, By Type, 2015-2022 (USD Million)
Table 44 UK: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 45 UK: Turret System Market, By Type, 2015-2022 (USD Million)
Table 46 France: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 47 France: Turret System Market, By Type, 2015-2022 (USD Million)
Table 48 Italy: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 49 Italy: Turret System Market, By Type, 2015-2022 (USD Million)
Table 50 Rest of Europe: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 51 Rest of Europe: Turret System Market, By Type, 2015-2022 (USD Million)
Table 52 APAC: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 53 APAC: Land Segment, By Type, 2015-2022 (USD Million)
Table 54 APAC: Vehicle Platform Segment, By Type, 2015-2022 (USD Million)
Table 55 APAC: Naval Segment, By Type, 2015-2022 (USD Million)
Table 56 APAC: Airborne Segment, By Type, 2015-2022 (USD Million)
Table 57 APAC: Turret System Market, By Type, 2015-2022 (USD Million)
Table 58 APAC: Turret System Market, By Component, 2015-2022 (USD Million)
Table 59 APAC: Turret System Market, By Country, 2015-2022 (USD Million)
Table 60 China: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 61 China: Turret System Market, By Type, 2015-2022 (USD Million)
Table 62 India: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 63 India: Turret System Market, By Type, 2015-2022 (USD Million)
Table 64 Australia: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 65 Australia: Turret System Market, By Type, 2015-2022 (USD Million)
Table 66 Japan: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 67 Japan: Turret System Market, By Type, 2015-2022 (USD Million)
Table 68 South Korea: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 69 South Korea: Turret System Market, By Type, 2015-2022 (USD Million)
Table 70 Rest of APAC: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 71 Rest of APAC: Turret System Market, By Type, 2015-2022 (USD Million)
Table 72 Middle East: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 73 Middle East: Land Segment, By Type, 2015-2022 (USD Million)
Table 74 Middle East: Vehicle Platform Sub-Segment, By Type, 2015-2022 (USD Million)
Table 75 Middle East: Naval Segment, By Type, 2015-2022 (USD Million)
Table 76 Middle East: Airborne Segment, By Type, 2015-2022 (USD Million)
Table 77 Middle East: Turret System Market, By Type, 2015-2022 (USD Million)
Table 78 Middle East: Turret System Market, By Component, 2015-2022 (USD Million)
Table 79 Middle East: Turret System Market, By Country, 2015-2022 (USD Million)
Table 80 Saudi Arabia: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 81 Saudi Arabia: Turret System Market, By Type, 2015-2022 (USD Million)
Table 82 Israel: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 83 Israel: Turret System Market, By Type, 2015-2022 (USD Million)
Table 84 Turkey: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 85 Turkey: Turret System Market, By Type, 2015-2022 (USD Million)
Table 86 Rest of Middle East: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 87 Rest of Middle East: Turret System Market, By Type, 2015-2022 (USD Million)
Table 88 RoW: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 89 RoW: Land Segment, By Type, 2015-2022 (USD Million)
Table 90 RoW: Vehicle Platform Segment, By Type, 2015-2022 (USD Million)
Table 91 RoW: Naval Segment, By Type, 2015-2022 (USD Million)
Table 92 RoW: Airborne Segment, By Type, 2015-2022 (USD Million)
Table 93 RoW: Turret System Market, By Type, 2015-2022 (USD Million)
Table 94 RoW: Turret System Market, By Component, 2015-2022 (USD Million)
Table 95 RoW: Turret System Market, By Country, 2015-2022 (USD Million)
Table 96 Africa: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 97 Africa: Turret System Market, By Type, 2015-2022 (USD Million)
Table 98 Latin America: Turret System Market, By Platform, 2015-2022 (USD Million)
Table 99 Latin America: Turret System Market, By Type, 2015-2022 (USD Million)
Table 100 Ranking of Key Players in the Turret System Market, 2016

List of Figures
Figure 1 Turret System Market Segmentation
Figure 2 Turret System Market: Research Flow
Figure 3 Turret System Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Assumptions of the Research Study
Figure 9 Turret System Market, By Platform, 2017-2022 (USD Billion)
Figure 10 Turret System Market, By Type, 2017-2022 (USD Billion)
Figure 11 Turret System Market, By Component, 2017-2022 (USD Billion)
Figure 12 The APAC Turret System Market is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 13 Contracts Were the Key Growth Strategy Adopted By Players in the Turret System Market Between January 2014 and September 2017
Figure 14 Refurbishment of the Existing Warfare Platforms is Expected to Drive Growth of the Turret System Market During the Forecast Period
Figure 15 The OPVS Naval Platform Segment is Projected to Lead the Turret System Market From 2017 to 2022
Figure 16 The Combat Support Aircrafts Airborne Platform Segment is Projected to Lead the Turret System Market From 2017 to 2022
Figure 17 The AFVS Land Platform Segment is Expected to Lead the Turret System Market in 2017
Figure 18 Among Components, the Turret Control Unit Segment is Estimated to Account for the Largest Share of the Turret System Market in 2017
Figure 19 China is Estimated to Account for the Largest Share of the APAC Turret System Market in 2017
Figure 20 Turret System Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Decrease in the Number of Casualties Suffered By Nato Forces in Afghanistan After Adoption of Unmanned Turret System, 2010-2014
Figure 22 Reasons for Failure of Turret Systems
Figure 23 Increase in Military Budgets of China and India Due to Ongoing Military Modernization Programs (2014 to 2016)
Figure 24 Power Management in A Turret System
Figure 25 Advantages Turret Systems Offer
Figure 26 Technology Trends in Turret Systems
Figure 27 Hybrid Power Systems
Figure 28 Benefits Hybrid Power Systems Offer
Figure 29 Functions Performed By Advanced Control Software in Turret Systems
Figure 30 The Land Segment of the Turret System Market, By Platform, is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 31 The Unmanned Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 32 The Turret Drive Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 33 Regional Snapshot
Figure 34 North America: Turret System Market Snapshot
Figure 35 Europe: Turret System Market Snapshot
Figure 36 APAC: Turret System Market Snapshot
Figure 37 Middle East: Turret System Market Snapshot
Figure 38 Market Ranking Analysis of Key Players, 2016
Figure 39 Moog Inc.: Company Snapshot
Figure 40 Jenoptik: Company Snapshot
Figure 41 Otokar: Company Snapshot
Figure 42 Elbit Systems: Company Snapshot
Figure 43 CMI Group: Company Snapshot
Figure 44 Rheinmetall: Company Snapshot
Figure 45 Bae Systems: Company Snapshot
Figure 46 Curtiss-Wright: Company Snapshot
Figure 47 Woodward: Company Snapshot
Figure 48 Leonardo: Company Snapshot
Figure 49 Turret System Market Segmentation

Note: Product cover images may vary from those shown
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  • Bae Systems
  • CMI Group
  • Control Solutions
  • Curtiss-Wright
  • Denel Vehicle Systems
  • Elbit Systems
  • Jenoptik
  • Leonardo Spa
  • Moog
  • Otokar
  • Rheinmetall
  • Woodward
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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