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Turret Systems: Worldwide Market Analysis & Forecast to 2023 - Expected to Register a CAGR of ~7%

/EIN News/ -- Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The "Global Turret System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The turret system market will register a CAGR of almost 7% by 2023.

The latest trend gaining momentum in the market is the advancements in combat training support equipment. According to the report, one of the major drivers for this market is the growing emphasis on securing national borders. Further, the report states that one of the major factors hindering the growth of this market is the possibilities of malfunctioning due to technological constraints.

The advancements in combat training support equipment to help the market grow. The significant rise in the incidences of terrorist activities demands for close-quarter warfare and long-range fighting situations. Thus, the need to enhance the accuracy levels of the weapons used in modern warfare has also evolved.

Growing emphasis on securing national borders

The rising instances of cross-border infiltration and illegal immigration pose a significant threat to both domestic and international security worldwide. Organized crime groups and terrorists engage in illicit trafficking for trading and transferring arms, drugs, illegal currency as well as chemical and biological weapons through porous international borders.

Possibilities of malfunctioning due to technological constraints

Sensor-based turret systems use a comprehensive array of sensors for identifying and designating targets at varying ranges. The prime objective of such systems is to identify and designate targets accurately without causing any civilian casualties. Thus, the concerns associated with the potential failure of turret system may lower the possible investment for R&D initiatives concerning the turret gun technology, which may have an adverse effect on the growth of the global turret system market.

Key Players

  • Curtiss-Wright
  • Elbit Systems
  • Lockheed Martin
  • Rheinmetall
  • Woodward

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Manned - Market size and forecast 2018-2023
  • Unmanned - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Advancements in combat training support equipment
  • Reduction in troop sizes
  • Emergence of miniaturized EO/IR systems

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Curtiss-Wright
  • Elbit Systems
  • Lockheed Martin
  • Rheinmetall
  • Woodward

For more information about this report visit https://www.researchandmarkets.com/research/sslfcz/turret_systems?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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                    Related Topics: Missiles and Missiles Technology 
                    

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