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Turret System Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031

08-31-2024 03:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Turret System Market

Turret System Market

The global turret system market is expected to grow at a CAGR of nearly 6.9% during the forecast period (2024-2031). 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.

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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.

Full report of Turret System Market available @ https://www.omrglobal.com/industry-reports/turret-system-market-share

Market Coverage

Segment Covered-
o By Platform

o By Type

o By Solution

Competitive Landscape- MOOG Inc., Jenoptik AG, Otokar Automotive and Defense Industry Inc., Control Solutions Inc., Curtiss-Wright Corporation, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Turret System Market- Segmentation

By Platform

Land
o Vehicle

Armored Fighting Vehicles (AFV)
Light Protected Vehicles (LPV)
Tanks
Others
o Stationary

Naval
o Corvettes

o Destroyers

o Frigates

o Offshore Patrol Vessels (OPV)

o Others

Airborne
o Helicopters

o Combat Support Aircraft

o Unmanned Aerial Vehicles (UAV)

By Type

Manned Turret
Unmanned Turret

By Component

Turret Drive
o Manual

o Electric

o Electro-Mechanical

o Electro-Hydraulic

Turret Control Unit
o Motor Controller

o Power Unit

o Others

Stabilization Unit

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/turret-system-market-share

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

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 offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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