The global turret system market is expected to grow at a CAGR of nearly 6.9% during the forecast period (2021-2027). 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.
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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.
Global Turret System Market – Segmentation
By Platform
Land
Vehicle
Armored Fighting Vehicles (AFV)
Light Protected Vehicles (LPV)
Tanks
Others
Stationary
Naval
Corvettes
Destroyers
Frigates
Offshore Patrol Vessels (OPV)
Others
Airborne
Helicopters
Combat Support Aircraft
Unmanned Aerial Vehicles (UAV)
By Type
Manned Turret
Unmanned Turret
By Component
Turret Drive
Manual
Electric
Electro-Mechanical
Electro-Hydraulic
Turret Control Unit
Motor Controller
Power Unit
Others
Stabilization Unit
Global Turret System Market – Segmentation 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
Company Profiles
MOOG Inc.
Jenoptik AG
Otokar Automotive and Defense Industry Inc.
Control Solutions Inc.
Curtiss-Wright Corporation
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