Dec 7, 2018   SOURCE: BusinessWire

Global Turret System Markets Through 2019-2023; Led by Curtiss-Wright, Elbit Systems, Lockheed Martin, Rheinmetall, and Woodward - ResearchAndMarkets.com

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.

Market Trends

  • Advancements in Combat Training Support Equipment
  • Reduction in Troop Sizes
  • Emergence of Miniaturized EO/IR Systems

Key Players

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

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Market Landscape

4. Market Sizing

5. Five Forces Analysis

6. Market Segmentation by Type

7. Customer Landscape

8. Geographic Landscape

9. Decision Framework

10. Drivers and Challenges

11. Market Trends

12. Vendor Landscape

13. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/mjp2cj/global_turret?w=4