Turret System Market by Platform (Land, Airborne, Naval), Type (Manned, Unmanned), Component (Turret Drive, Turret Control System, Stabilization Unit), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2027

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Date: 14-Nov-2022
No. of pages: 250
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"Demand for turret systems for armored vehicles and incidences of asymmetric warfare propel turret system market."

The turret system market is projected to grow from USD 19.7 billion in 2022 to USD 22.6 billion by 2027, registering a CAGR of 2.8% during the forecast period. The market is driven bythe increasing demand for turret systems for armored vehicles to tackle cross-border conflicts and the rising incidence of asymmetric warfare across the globe.

Key players in the turret system market include Moog Inc. (US), Elbit System (Israel), Northrop Grumman Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), Rheinmetall AG (Germany), Rafael Advanced Systems Ltd. (Israel), among others. The report covers various industry trends and new technological innovations in the turret system market for 2018–2027.

"Land: dominant segment of turret system market by platform."

Based on platform, the turret system market has been segmented into land, airborne, and naval. The land segment is projected to grow at the highest CAGR during the forecast period.

"Unmanned: fastest-growing segment of turret system market by type."

Based on type, the turret system market has been segmented into manned and unmanned. The unmanned segment is projected to grow at a higher CAGR than the manned segment during the forecast period. This is attributed to its wide applicability and ease of operation on all platforms.

"Turret drive: leading and fastest-growing segment of turret system market by component."

Based on component, the market has been segmented into turret drive, turret control system, and stabilization unit. The turret drive segment is projected to lead the turret system market during the forecast period.

"North America: largest contributing region in turret system market."

The North American turret system market is projected to witness remarkable growth during the forecast period. The region is increasingly focusing on procuring technologically advanced turret systems for land combat vehicles, owing to their growing deployment in overseas operations undertaken by countries such as the US. The presence of many turret systems and component manufacturers in the country will further fuel the market growth. The US is one of the largest developers, operators, and exporters of turret systems globally, making the North American region one of the largest consumers of turret systems.

Breakdown of primaries


  • By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%

  • By Designation: C-Level - 35%, Directors - 25%, and Others - 40%

  • By Region: North America -25%, Asia Pacific -45%, Europe - 15%,Rest of the World -15%


Major companies profiled in the report are Moog Inc. (US), Elbit System (Israel), Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), Rafael Advanced System Ltd. (Israel),and Rheinmetall AG (Germany), among others. (26 Companies)

Research coverage:

This report provides an analysis of the turret system market from 2022 to 2027. It discusses industry and technology trends currently prevailing in the market. The report analyzes the factors driving and restraining the market growth,along with the challenges faced by this market. It also provides information on the growth opportunities for the market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, solutions &services, key strategies, new product launches, mergers & partnerships, and agreements associated with the market.

Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall turret system market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:


  • Market penetration: Comprehensive information on turret systems offered by the top players in the market

  • Product development/innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the turret systemmarket

  • Market development: Comprehensive information about lucrative markets; the report analyzes the turret system market across regions

  • Market diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the turret system market

  • Competitive assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the turret system market

Turret System Market by Platform (Land, Airborne, Naval), Type (Manned, Unmanned), Component (Turret Drive, Turret Control System, Stabilization Unit), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2027

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered For The Study
1.4 Inclusion And Exclusion
1.5 Currency & Pricing
1.6 Limitations
1.7 Market Stakeholders
1.8 Summary Of Changes

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Primary Sources
2.1.2.2 Breakdown Of Primaries
2.1.3 Demand-Side Indicators
2.1.4 Supply-Side Analysis
2.2 Market Size Estimation
2.3 Research Approach & Methodology
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown And Data Triangulation
2.5 Assumptions
2.6 Risk

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities In The Turret System Market
4.2 Turret System Market, By Platform
4.3 Turret System Market, By Type
4.4 Turret System Market, By Component
4.5 Turret System Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restrains
5.2.3 Opportunities
5.2.4 Challenges
5.3 Technology Analysis
5.4 Average Selling Price Trend
5.5 Market Ecosystem Map
5.6 Value Chain Analysis
5.7 Patent Analysis
5.8 Case Study Analysis
5.9 Trade Data Statistics
5.10 Porter’s Five Forces Analysis
5.11 Tariff And Regulatory Landscape
5.11.1 Regulatory Bodies, Government Agencies, And Other Organizations
5.12 Key Stakeholders & Buying Criteria
5.13 Conferences And Events
5.14 Pricing Analysis
5.14.1 Average Selling Prices Of Systems Offered By Key Players
5.15 Operatonal Data

6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.3 Key Trend Analysis
6.4 Impact Of Mega Trends

7 Turret System Market, By Platform
7.1 Introduction
7.2 Land
7.2.1 Mobile/Vehicular
7.2.2.1 Main Battle Tanks (Mbt)
7.2.2.2 Infantry Fighting Vehicles (Ifv)
7.2.2.3 Armored Personnel Carriers (Apc)
7.2.2.4 Mine-Resistant Ambush Protected Vehicles (Mrap)
7.2.2.5 Armored Amphibious Vehicles (Aav)
7.2.2.6 Light Armored Vehicles (Lav)
7.2.2.7 Self-Propelled Howitzers (Sphs)
7.2.2.8 Air Defense Vehicles
7.2.2.9 Armored Mortar Carriers
7.2.2 Fixed/Stationary
7.2.1 Remotely Controlled Weapon Stations (Rws)
7.2.2 Air-Defense Guns
7.2.3 Mortars
7.3 Airborne
7.3.1 Attack Helicopters
7.3.2 Fighter Aircrafts
7.3.3 Special Mission Aircrafts
7.3.4 Unmanned Aerial Vehicles (Uavs)
7.4 Naval
7.4.1 Destroyers
7.4.2 Frigates
7.4.3 Offshore Support Vessels (Osvs)
7.4.4 Corvettes
7.4.5 Patrol & Mine Countermeasure Vessels
7.4.6 Amphibious Vessels
7.4.7 Submarines
7.4.8 Unmanned Surface Vehicles (Usvs)

8 Turret System Market, By Type
8.1 Introduction
8.2 Manned
8.3 Unmanned

9 Turret System Market, By Component
9.1 Introduction
9.2 Turret Drive
9.2.1 Manual
9.2.2 Electric
9.2.3 Electro-Mechanical
9.2.4 Electro-Hydraulic
9.3 Turret Control System
9.3.1 Motor Controller
9.3.2 Power Unit
9.3.3 Others
9.4 Stabilization Unit

10 Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 Pestle Analysis: North America
10.2.2 Us
10.2.3 Canada
10.3 Europe
10.3.1 Pestle Analysis: Europe
10.3.2 Uk
10.3.3 France
10.3.4 Germany
10.3.5 Italy
10.3.6 Poland
10.3.7 Rest Of Europe
10.4 Asia-Pacific
10.4.1 Pestle Analysis: Asia-Pacific
10.4.2 China
10.4.3 Japan
10.4.4 India
10.4.5 Australia
10.4.6 South Korea
10.4.7 Singapore
10.4.8 Rest Of Asia Pacific
10.5 Rest Of The World
10.5.1 Middle East
10.5.2 Latin America & Africa

11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking Analysis
11.3 Market Share Analysis
11.4 Company Product Footprint Analysis
11.5 Company Evaluation Quadrant
11.6 Smes/Startups Matrix
11.6.1 Competitive Benchmarking
11.7 Revenue Analysis Of Top Five Market Players
11.8 Competitive Scenario
11.9 Competitive Leadership Mapping

12 Company Profiles
12.1 Introduction
12.2 Bae Systems
12.3 General Dynamics Corporation
12.4 Leonardo S.P.A
12.5 Lockheed Martin Corporation
12.6 Elbit Systems Ltd.
12.7 Thales Group
12.8 Moog
12.9 Rheinmetall Ag
12.10 Oshkosh Corp.
12.11 Northrop Grumman Corp.
12.12 Raytheon Technologies
12.13 Textron Inc.
12.14 Denel Soc
12.15 Kongsberg Gruppen
12.16 Otokar
12.17 Woodward Inc.
12.18 Control Solutions
12.19 Jenoptik
12.20 Cmi Group
12.21 Curtiss Wright
12.22 Nexter Group
12.23 Rafael Advanced Defense System
12.24 Saab Ab
12.25 St Engineering
12.26 Aselsan As
12.27 Hyundai Motor Company

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customization
13.4 Related Reports
13.5 Author Details

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