Press release
Turret system Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029
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
A full report of Turret System Market is available at: https://www.omrglobal.com/industry-reports/turret-system-market-share
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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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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