Global Turret System Market 2019-2023

Global Turret System Market 2019-2023

About this market

The advancements in combat training support equipment to help the market grow. The significant rise in the incidences of terrorist activities demands for close-quarter warfare and long-range fighting situations. Thus, the need to enhance the accuracy levels of the weapons used in modern warfare has also evolved. Technavio’s analysts have predicted that the turret system market will register a CAGR of almost 7% by 2023.

Market Overview

Growing emphasis on securing national borders

The rising instances of cross-border infiltration and illegal immigration pose a significant threat to both domestic and international security worldwide. Organized crime groups and terrorists engage in illicit trafficking for trading and transferring arms, drugs, illegal currency as well as chemical and biological weapons through porous international borders.

Possibilities of malfunctioning due to technological constraints

Sensor-based turret systems use a comprehensive array of sensors for identifying and designating targets at varying ranges. The prime objective of such systems is to identify and designate targets accurately without causing any civilian casualties. Thus, the concerns associated with the potential failure of turret system may lower the possible investment for R&D initiatives concerning the turret gun technology, which may have an adverse effect on the growth of the global turret system market.

For the detailed list of factors that will drive and challenge the growth of the turret system market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Curtiss-Wright and Elbit Systems the competitive environment is quite intense. Factors such as the rising integration of C4ISR in turret systems and growing emphasis on securing national borders, will provide considerable growth opportunities to turret systems manufactures. Curtiss-Wright, Elbit Systems, Lockheed Martin, Rheinmetall, and Woodward are some of the major companies covered in this report.

‘With the presence of a considerable number of companies, this market appears to be fragmented. The market is in the growth phase; thus, the level of competition is expected to intensify during the forecast period. This turret system market study advises key strategies and recommends areas the companies should be focusing on to make the most of the upcoming growth opportunities.’


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Turret System Market 2019-2023

Technavio recognizes the following companies as the key players in the global turret system market: Curtiss-Wright, Elbit Systems, Lockheed Martin, Rheinmetall, and Woodward.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the advancements in combat training support equipment.”

According to the report, one of the major drivers for this market is the growing emphasis on securing national borders.

Further, the report states that one of the major factors hindering the growth of this market is the possibilities of malfunctioning due to technological constraints.

Companies Mentioned

Curtiss-Wright

Elbit Systems

Lockheed Martin

Rheinmetall

Woodward

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global combat system integration market
      • Table Segments of global combat system integration market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Manned - Market size and forecast 2018-2023
      • Table Manned - Market size and forecast 2018-2023 ($ millions)
      • Table Manned - Year-over-year growth 2019-2023 (%)
    • Unmanned - Market size and forecast 2018-2023
      • Table Unmanned - Market size and forecast 2018-2023 ($ millions)
      • Table Unmanned - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market Trends
    • Advancements in combat training support equipment
    • Reduction in troop sizes
    • Emergence of miniaturized EO/IR systems
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Curtiss-Wright
      • Table Curtiss-Wright - Vendor overview
      • Table Curtiss-Wright - Business segments
      • Table Curtiss-Wright - Geographic focus
      • Table Curtiss-Wright - Segment focus
      • Table Curtiss-Wright - Key offerings
    • Elbit Systems
      • Table Elbit Systems - Vendor overview
      • Table Elbit Systems - Business segments
      • Table Elbit Systems - Organizational developments
      • Table Elbit Systems - Geographic focus
      • Table Elbit Systems - Segment focus
      • Table Elbit Systems - Key offerings
    • Lockheed Martin
      • Table Lockheed Martin - Vendor overview
      • Table Lockheed Martin - Business segments
      • Table Lockheed Martin - Organizational developments
      • Table Lockheed Martin - Segment focus
      • Table Lockheed Martin - Key offerings
    • Rheinmetall
      • Table Rheinmetall - Vendor overview
      • Table Rheinmetall - Business segments
      • Table Rheinmetall - Organizational developments
      • Table Rheinmetall - Geographic focus
      • Table Rheinmetall - Segment focus
      • Table Rheinmetall - Key offerings
    • Woodward
      • Table Woodward - Vendor overview
      • Table Woodward - Business segments
      • Table Woodward - Geographic focus
      • Table Woodward - Segment focus
      • Table Woodward - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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