Turret system Market is expected to grow at a CAGR of nearly 6.9% during the forecast period. The key factors contributing to the growth of the global turret system market include rising modernization in the military and increasing demand for turret gun systems in the military. Additionally, the rising demand for the unmanned aerial vehicle will propel the growth of the market.
The turret technology utilizes bearing technology to allow a vessel to rotate around the turret's geostatic component. Depending on the hull construction of the vessel, the turret system can be connected to the interior or exterior region. Turret systems can be employed on land, in the water, or the air. They can be manned or unmanned, and they feature some of the most fundamental and essential components, including the turret motor, stabilization unit, and turret control unit.
The key players contributing to the growth of the global turret system market by adopting various strategies such as product launches and developments, mergers and acquisition, partnerships, and agreements, include MOOG Inc., Jenoptik AG, Otokar Automotive and Defense Industry Inc., Control Solutions Inc., Curtiss-Wright Corporation, among others. For instance, in October 2020, Leonardo announced the expansion of its naval turret portfolio with the introduction of Lionfish, a new advanced remotely-controlled small-caliber turret system intended for small to large naval vessels.
The new technologically innovative human-machine interface systems are simple to operate, minimizing crew training time, and the architectural solutions used to provide great dependability and minimal maintenance times. The turrets’ remote operates through a local control console, as well as the suite of Leonardo’s state-of-the-art electro-optical sensors that they are equipped with and allow for extremely precise target identification both at night and during the day.
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Turret system Market-Segmentation
By Source
- Manned
- Unmanned
By Form
- Air
- Naval
- Land
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Turret system Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- BAE Systems PLC
- Bluewater
- Control Solutions LLC
- Curtiss-Wright Corp.
- Denel Vehicle Systems
- Duplomatic Automation S.r.l.
- Elbit Systems Ltd.
- Electro Optic Systems (EOS)
- Flexible Engineered Solutions Ltd.
- JENOPTIK AG
- John Cockerill Group
- Kongsberg Gruppen ASA
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Moog, Inc.
- National Oilwell Varco
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