"According to a market report by Lucintel, the future of the global turret system market looks promising with opportunities in the turret drive, turret control, and stabilization unit markets. The global turret system market is expected to reach an estimated $21.8 billion by 2030 with a CAGR of 2.5% from 2024 to 2030. The major drivers for this market are growing demand for turret gun systems by defense and military forces, increasing air traffic and rising need for anti-aircraft defense systems, and on-going advancement of advanced turret systems with features, such as fire control, target acquisition, and tracking.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in turret system to 2030 by platform (land, naval, and airborne), type (manned turret and unmanned turret), component (turret drive, turret control, and stabilization unit), and region (North America, Europe, Asia Pacific, and the Rest of the World)In this market, land, naval, and airborne are the major segments of turret system market by platform. Lucintel forecast that land will remain the highest growing segment over the forecast period due to combination of technological advancement, growing adoption of turret systems to diverse land-based missions, and increasing inclination towards various land warfare vehicles, including tanks, LPVs, and others.

Within this market, turret drive will remain the largest segment.

North America will remain the largest region over the forecast period due to growing investment in military weapons and constant upgradation in the defense sector in this region.

BAE Systems, Leonardo, General Dynamics, Lockheed Martin, Moog, Thales, Rheinmetall, and Northrop Grumman are the major suppliers in the turret system market.

"This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]