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Asia Pacific Modular Combat Turret Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Manned Turret and Unmanned Turret) and Platform (Land, Naval, and Airborne)

  • ID: 5359878
  • Report
  • June 2021
  • Region: Asia Pacific
  • 123 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • BAE Systems
  • Elbit System Ltd.
  • Jenoptik AG
  • Leonardo S.P.A
  • Moog Inc.
  • Rheinmetall AG
Unmanned Turret Segment is Expected to be Fastest Growing During the Forecast Period for APAC Region



According to this research study titled “APAC Modular Combat Turret Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and Platform,” the market is expected to reach US$ 968.37 million by 2028 from US$ 482.36 million in 2021. The market is estimated to grow at a CAGR of 10.5% from 2021 to 2028. The report provides trends prevailing in the APAC modular combat turret market along with the drivers and restraints pertaining to the market growth. Unmanned turrets are getting popular, and this is the major factor driving the growth of the APAC modular combat turret market. However, issues associated with malfunctioning complaints in modular combat turrets hinders the growth of APAC modular combat turret market.

The APAC modular combat turret market is segmented into type and platform. In terms of type, the APAC modular combat turret market is bifurcated into manned turret and unmanned turret. The manned turret segment held a substantial market share in 2020. Based on platform, the APAC modular combat turret market is categorized into land, naval, and airborne. The land segment held a substantial market share in 2020.

The COVID-19 outbreak has resulted in a massive financial loss in APAC. The governments in Asia Pacific countries are taking possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector. China is one of the leading defense manufacturing countries in APAC, and the most affected country in the region. Therefore, there are disruptions in the defense equipment manufacturing facilities across the region. India, another major defense spender in APAC, is heavily hit by the COVID-19 outbreak. The country’s manufacturing sector experienced standstill situation owing to the lockdown restrictions imposed by the government in the wake of containing the spread of the novel coronavirus. However, disordered supply chain has negatively influenced the procurement of defense equipment, including modular combat turret, since the late February 2021.

BAE Systems, Curtiss-Wright Corporation, Elbit System Ltd., Jenoptik AG, Leonardo S.P.A, Moog Inc., Otokar Otomotiv ve Savunma Sanayi A.S, and Rheinmetall AG are among the leading companies in the APAC modular combat turret market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Curtiss-Wright Corporation announced that it has been awarded a contract by Rheinmetall Defense Australia to supply a turret drive stabilization system for the Australian Army's Project Land 400 Phase 2 Combat Reconnaissance Vehicle (CRV). Curtiss-Wright will supply 133 of its state-of-the-art Turret Drive Servo Systems (TDSS) and related hand controllers to Rheinmetall under the terms of the contract.

The report segments the APAC Modular Combat Turret Market as follows:

APAC Modular Combat Turret Market - By Type
  • Manned Turret
  • Unmanned Turret
APAC Modular Combat Turret Market - By Platform
  • Land
  • Naval
  • Airborne
APAC Modular Combat Turret Market - By Country
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BAE Systems
  • Elbit System Ltd.
  • Jenoptik AG
  • Leonardo S.P.A
  • Moog Inc.
  • Rheinmetall AG
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. APAC Modular Combat Turret Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. APAC Modular Combat Turret-Market Dynamics
5.1 Market Drivers
5.1.1 Main Battle Tanks and Armored Combat Vehicles Becoming More Important
5.1.2 Defense Expenses Rising
5.2 Market Restraints
5.2.1 Various Malfunctioning Issues in Modular Combat Turrets
5.3 Market Opportunities
5.3.1 Unmanned Turrets Getting Popular
5.4 Future Trends
5.4.1 Enhancement or Replacement of Older or Present Fleet
5.5 Impact Analysis of Drivers and Restraints

6. Modular Combat Turret Market - APAC Analysis
6.1 APAC Modular Combat Turret Market Overview
6.1.1 APAC Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)

7. APAC Modular Combat Turret Market - By Type
7.1 Overview
7.2 APAC Modular Combat Turret Market, by Type (2020 & 2028)
7.3 Manned Turret
7.3.1 Overview
7.3.2 Manned Turret: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Unmanned Turret
7.4.1 Overview
7.4.2 Unmanned Turret: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)

8. APAC Modular Combat Turret Market Analysis - By Platform
8.1 Overview
8.2 APAC Modular Combat Turret Market, By Platform (2020 & 2028)
8.3 Land
8.3.1 Overview
8.3.2 Land: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Naval
8.4.1 Overview
8.4.2 Naval: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Airborne
8.5.1 Overview
8.5.2 Airborne: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)

9. APAC Modular Combat Turret Market - Country Analysis
9.1 Overview
9.1.1 APAC Modular Combat Turret Market, by Key Country - Revenue 2020 (US$ Million)
9.1.2 APAC Modular Combat Turret Market Breakdown, by Country
9.1.2.1 China Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 China Modular Combat Turret Market Breakdown, by Type
9.1.2.1.2 China Modular Combat Turret Market Breakdown, by Platform
9.1.2.2 Japan Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Japan Modular Combat Turret Market Breakdown, by Type
9.1.2.2.2 Japan Modular Combat Turret Market Breakdown, by Platform
9.1.2.3 India Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 India Modular Combat Turret Market Breakdown, by Type
9.1.2.3.2 India Modular Combat Turret Market Breakdown, by Platform
9.1.2.4 South Korea Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 South Korea Modular Combat Turret Market Breakdown, by Type
9.1.2.4.2 South Korea Modular Combat Turret Market Breakdown, by Platform
9.1.2.5 Australia Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 Australia Modular Combat Turret Market Breakdown, by Type
9.1.2.5.2 Australia Modular Combat Turret Market Breakdown, by Platform
9.1.2.6 Rest of APAC Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of APAC Modular Combat Turret Market Breakdown, by Type
9.1.2.6.2 Rest of APAC Modular Combat Turret Market Breakdown, by Platform

10. Impact of COVID-19 Pandemic on APAC Modular Combat Turret Market
10.1 APAC

11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development

12. Company Profile
12.1 BAE Systems plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Curtiss-Wright Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Elbit Systems Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Jenoptik AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Leonardo S.p.A.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Moog Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Otokar Otomotiv ve Savunma Sanayi A.S.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Rheinmetall AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index

List of Tables
Table 1. APAC Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Modular Combat Turret Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 3. China Modular Combat Turret Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 4. China Modular Combat Turret Market, Revenue and Forecast to 2028 - By Platform (US$ Million)
Table 5. Japan Modular Combat Turret Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 6. Japan Modular Combat Turret Market, Revenue and Forecast to 2028 - By Platform (US$ Million)
Table 7. India Modular Combat Turret Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 8. India Modular Combat Turret Market, Revenue and Forecast to 2028 - By Platform (US$ Million)
Table 9. South Korea Modular Combat Turret Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 10. South Korea Modular Combat Turret Market, Revenue and Forecast to 2028 - By Platform (US$ Million)
Table 11. Australia Modular Combat Turret Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 12. Australia Modular Combat Turret Market, Revenue and Forecast to 2028 - By Platform (US$ Million)
Table 13. Rest of APAC Modular Combat Turret Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 14. Rest of APAC Modular Combat Turret Market, Revenue and Forecast to 2028 - By Platform (US$ Million)
Table 15. List of Abbreviation

List of Figures
Figure 1. APAC Modular Combat Turret Market Segmentation
Figure 2. APAC Modular Combat Turret Market Segmentation - By Country
Figure 3. APAC Modular Combat Turret Market Overview
Figure 4. Manned Turret Segment is Expected to Dominate the Market by Type
Figure 5. Land Segment held Largest Market Share in 2020
Figure 6. China held Largest Market Share in 2020
Figure 7. Porter’s Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. APAC Modular Combat Turret Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Modular Combat Turret Market Revenue Share, by Type (2020 & 2028)
Figure 12. APAC Manned Turret: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Unmanned Turret: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Modular Combat Turret Market Revenue Share, by Platform (2020 & 2028)
Figure 15. APAC Land: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Naval: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Airborne: Modular Combat Turret Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Modular Combat Turret Market Breakdown, by Country, 2020 & 2028 (%)
Figure 19. China Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 20. Japan Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 21. India Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 22. South Korea Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 23. Australia Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 24. Rest of APAC Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic in APAC Country Markets
Note: Product cover images may vary from those shown
  • BAE Systems
  • Curtiss-Wright Corporation
  • Elbit System Ltd.
  • Jenoptik AG
  • Leonardo S.P.A
  • Moog Inc.
  • Otokar Otomotiv ve Savunma Sanayi A.S.
  • Rheinmetall AG
Note: Product cover images may vary from those shown
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