The global turret system market size is expected to reach USD 24.59 Billion at a steady revenue CAGR of 2.8% in 2030, according to the latest analysis by Emergen Research. Rising demand for turret gun systems from military forces can be attributed to the steady market revenue growth of turret systems. For instance, a projectile-firing weapon's crew or mechanism is protected by a gun turret, which also allows the weapon to be pointed and fired in various directions. Another revolving weapon platform is the turret. This platform can be mounted on a combat vehicle, a navy ship, or a military aircraft, as well as on a fortified building or structure such as an anti-naval land battery.
The Global Keyword market drivers and restraints Market report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
Cupola refers to a small turret or sub-turret on a larger one. As in the case of tank commanders, rotating turrets with only sighting equipment instead of weaponry are also referred to as cupolas. A finial is a very small cupola turret-mounted sub-turret or sub-sub-turret.
A recent trend in the market is the use of battery-operated systems. For instance, a comprehensive battery-powered system with a gear motor built into the turret ring, a tough variable-speed DC motor controller, and a joystick slew actuator was quickly created by Control Solutions LLC. The military's field-tested method to improve vehicle gunner survivability is the Turret Control System (TCS). The TCS product series offers the ability to handle the heavily armored gun turret while keeping eyes on the objective and hands on the weapon, reducing gunner fatigue through ongoing innovation. The most recent TCS development is a thumb controller fitted to a weapon in addition to a joystick actuator.
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Some Key Highlights From the Report
- On 30 July 2021, the China National Intellectual Property Administration (CNIPA) issued a utility patent with the title "DIE PLACEMENT HEAD WITH TURRET" with the number for Mycronic Global Technologies Business Unit, MRSI Systems. This patent describes a novel method for quick and calibration-free tool switching that makes use of a precision horizontal tool holding turret. By virtually eliminating time-consuming tool changeovers, this approach dramatically increases throughput when numerous tools are required to fabricate complicated multi-die devices.
- The land segment is expected to lead in terms of revenue share in the global market over the forecast period. Turret systems provide several advantages when used on land. Armored ground vehicles are essential in current warfare. They typically make an easy target when going through rocky, difficult terrain owing to their size and speed. Their protection becomes dependent on their armor and weapons. The ability to properly pinpoint a target and maintain the shot while moving out of the line of sight could make the difference. Turret systems are therefore being employed for this purpose more frequently.
- The manned segment is expected to account for a large revenue share over the forecast period. The majority of the controls in traditional turrets must be operated by someone physically present. Systems with manned turrets have been around longer and are often used more. Thus, due to all of these factors, it is anticipated that manned turret systems will contribute a bigger part of revenue during the forecast period.
- The turret drive segment is expected to account for a large revenue share over the forecast period owing to an increasing need for it. The turret drive system for mobile and armored vehicles consists of a turbo-generator to power an electric motor. The driveshaft that joins the driveshaft of a motor to the driveshaft of a rotary amplifier is equipped with a flywheel. An amplifier transfers the flywheel's stored kinetic energy to a DC motor, which uses gearing members to drive the turret. The flywheel's enormous energy reservoir may be immediately transmitted to the turret by utilizing the right control signals, which leads to the production of high instantaneous power to drive the turret and an improvement in the performance of weapons mounted in the turret. The system additionally provides regulated electric power for other vehicle parts.
- Market in North America is expected to account for the largest revenue share during the forecast period, which is attributed to increasing activities by key market players in countries in the region. For instance, according to Elbit Systems of America, LLC, a wholly-owned subsidiary of Elbit Systems Ltd., the future autonomous turret for the U.S. Army combat vehicle has undergone successful testing. The business reported that it recently completed a successful live fire demonstration of the next-generation Unmanned Turret - 50mm (UT50) at the Aberdeen Test Center as part of its ongoing Cooperative Research and Development Agreement (CRADA) with the U.S. Army Combat Capabilities Development Command (DEVCOM).
- Some major companies in the global market report include BAE Systems, General Dynamics Corporation, Leonardo S.p.A, Lockheed Martin Corporation, Elbit Systems Ltd., Thales, Moog Inc., Rheinmetall AG, Oshkosh Corporation, Northrop Grumman
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For the purpose of this report, Emergen Research has segmented the global turret system market on the basis of platform, type, component, and region:
- Platform Outlook (Revenue, USD Million; 2019–2030)
- Type Outlook (Revenue, USD Million; 2019–2030)
- Component Outlook (Revenue, USD Million; 2019–2030)
- Turret Drive
- Turret Control System
- Stabilization Unit
- Regional Outlook (Revenue, USD Million; 2022-2030)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- South Africa
- Rest of MEA
The professional intelligence study on the Turret System market addresses some of the most critical questions:
What market size will 2031 be, and what growth rate will it experience?
What are the key trends in the Market?
What are the driving forces behind the Turret System market?
What are the obstacles to market growth?
Which are the top vendors in this space?
What are the threats and opportunities in the market for key vendors?
What are the strengths or weaknesses of critical vendors?
What are the future opportunities for the players in the Turret System market?
What are the main issues facing the global Turret System market?
How does the competitive landscape look?
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