The modular combat turret market was valued at US$ 2,390.75 million in 2020 and is projected to reach US$ 4,261.51 million by 2028; it is expected to grow at a CAGR of 8.1% during 2021–2028.
The key factor driving the modular combat turret market is the increasing demand for main battle tanks and armored combat vehicles. The increase in warfare is persuading the military forces to opt for advanced defense capability. Due to this, the demand for armored personnel carriers (APC) and light armored vehicles (LAV) is continuously increasing. The rising need for advanced solutions and increasing military budgets year on year are leading to increased attraction for armored vehicles among the military forces.
Another key factor creating demand for armored vehicles is its capability to combat cross-border conflicts. The manufacturers of armored vehicles are using advanced components and technologies such as sensors, modular combat turrets, command, and control systems (C2), countermeasure systems, and fire control systems for their vehicles. Several military forces are procuring armored vehicles in the recent years. For instance, in 2020, BAE Systems secured two new contracts to produce US Army’s Armored Multi-Purpose Vehicle (AMPV) worth US$ 575 million. As the armored vehicles can carry machine guns and rocket launchers, the demand for modular combat turret on armored vehicles is accentuating rapidly. Therefore, this is supporting the growth of the modular combat turret market
Impact of COVID-19 Pandemic on Modular Combat Turret Market
The COVID-19 outbreak has adversely affected the world and is continuing to shatter several countries. Until the outbreak, the defense industry was experiencing substantial growth in terms of production and services. However, the outbreak has disrupted the supply chain and manufacturing of defense equipment. The recovery period of the pandemic impact on the defense industry is foreseen to be quicker as compared to various other industries. This is because various defense forces are awarding contracts for armored vehicles and other equipment to the manufacturers. The production of the equipment is expected to start at a slower pace and is anticipated to gain pace over the years, which is expected to positively influence the defense equipment manufacturing including modular combat turret. This factor would propel the growth of modular combat turret market during the forecast period.
Lucrative Regions in Modular Combat Turret Market
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Market Insights–Modular Combat Turret Market
Rising Military Expenditure
The swift change in modern-day warfare has been urging the governments to allocate higher amounts toward respective military forces. The budget allocated to military helps the military forces to engage themselves in the development of robust indigenous technologies and procurement of advanced weapons, armaments, vehicles, and other equipment from international manufacturers. There is a rise in modernization of soldiers and military vehicles among most of the military forces in order to keep the personnel and vehicles mission ready. With an objective to modernize soldiers and vehicles, the defense ministries across the globe are investing substantial amounts in newer technologies, including modular combat turrets. This factor is boosting the growth of the modular combat turret market. According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure rose to US$ 1,917 billion in 2019, which represents 3.6% increase from 2018. The key countries in 2019, which accounted for 62% of expenditure, include the US, China, India, Russia, and Saudi Arabia.
Offerings-Based Insights
Based on offerings, the modular combat turret market is bifurcated into manned turret and unmanned turret. The manned turret segment held a larger market share in 2020.
Platform-Based Insights
Based on platform, the modular combat turret market is segmented into land, naval, and airborne. The land segment is projected to register the highest CAGR during the forecast period.
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Modular Combat Turret Market: Strategic Insights
Market Size Value in US$ 2,390.75 Million in 2020 Market Size Value by US$ 4,261.51 Million by 2028 Growth rate CAGR of 8.1% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Modular Combat Turret Market: Strategic Insights
| Market Size Value in | US$ 2,390.75 Million in 2020 |
| Market Size Value by | US$ 4,261.51 Million by 2028 |
| Growth rate | CAGR of 8.1% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Players operating in the modular combat turret market are mainly focused on the development of advanced and efficient products.
- In 2021, The Dutch Defence Materiel Organization (DMO) signed a US$500 million mid-life upgrade contract with BAE Systems for the Royal Netherlands Army's fleet of 122 CV90s, with an option for an additional 19 vehicles.
- In 2020, Curtiss-Wright Corporation announced that it has been awarded a contract by Rheinmetall Defence Australia to supply a turret drive stabilization system for the Australian Army's Project Land 400 Phase 2 Combat Reconnaissance Vehicle (CRV). Curtiss-Wright will supply 133 of its state-of-the-art Turret Drive Servo Systems (TDSS) and related hand controllers to Rheinmetall under the terms of the contract.
The modular combat turret market has been segmented as follows:
Modular Combat Turret Market– by Offerings
- Manned Turret
- Unmanned Turret
Modular Combat Turret Market – by Platform
- Land
- Naval
- Airborne
Modular Combat Turret Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Modular Combat Turret Market–Company Profiles
- BAE Systems
- Control Solution LLC
- Curtiss-Wright Corporation
- Denel Dynamics
- Elbit System Ltd.
- Jenoptik AG
- Leonardo S.P.A
- Moog Inc.
- Otokar Otomotiv ve Savunma Sanayi A.S.
- Rheinmetall AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offerings and Platform
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Increasing demand for main battle tanks & armored combat vehicle along with increasing military expenditure is driving the demand for modular combat turret. With an objective to modernize soldiers and vehicles, the defense ministries across the globe are investing substantial amounts in newer technologies, including modular combat turrets. This factor is boosting the growth of the modular combat turret market.
Rising demand for unmanned turret is creating opportunity in the market. an unmanned turret does not house any crew, it only houses weapons and other supporting systems. Crewmembers that would typically be placed within the turret are either accommodated in the hull (gunner/ commander) or replaced entirely (autoloaders instead of human loaders).
The manned turret segment led the modular combat turret market with a market in 2020. It is majorly considered that two-man turret type is highly beneficial in cases where a commander is inside a vehicle during an operation. Although the weight and height of manned turrets is a demerit, a two-man turret gives advantage to a vehicle commander. For instance, FNSS Savunma Sistemleri A.Åž. provides TEBER-30 Two-Man Turret equipped with advanced technologies in fire control, protection, turret drives, and lethality.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Modular Combat Turret Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Modular Combat Turret–Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Main Battle Tanks and Armored Combat Vehicles
5.1.2 Rising Military Expenditure
5.2 Market Restraints
5.2.1 Reliability and Maintenance Issues in Modular Combat Turrets
5.3 Market Opportunities
5.3.1 Rising Demand for Unmanned Turrets
5.4 Future Trends
5.4.1 Upgrade of Older or Existing Fleet
5.5 Impact Analysis of Drivers and Restraints
6. Modular Combat Turret Market – Global Analysis
6.1 Modular Combat Turret Market Global Overview
6.2 Market Positioning – Five Key Players
7. Modular Combat Turret Market – By Type
7.1 Overview
7.2 Modular Combat Turret Market, by Type (2020 & 2028)
7.3 Manned Turret
7.3.1 Overview
7.3.2 Manned Turret: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Unmanned Turret
7.4.1 Overview
7.4.2 Unmanned Turret: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
8. Modular Combat Turret Market Analysis – By Platform
8.1 Overview
8.2 Modular Combat Turret Market, By Platform (2020 & 2028)
8.3 Land
8.3.1 Overview
8.3.2 Land: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Naval
8.4.1 Overview
8.4.2 Naval: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Airborne
8.5.1 Overview
8.5.2 Airborne: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
9. Modular Combat Turret Market – Geographic Analysis
9.1 Overview
9.2 North America Modular Combat Turret Market, Revenue and Forecast to 2028
9.2.1 Overview
9.2.2 North America Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America Modular Combat Turret Market Breakdown, By Platform
9.2.4 North America Modular Combat Turret Market Breakdown, by Country
9.2.4.1 US Modular Combat Turret Market, Revenue and Forecast to 2028
9.2.4.1.1 US Modular Combat Turret Market Breakdown, by Type
9.2.4.1.2 US Modular Combat Turret Market Breakdown, by Platform
9.2.4.2 Canada Modular Combat Turret Market, Revenue and Forecast to 2028
9.2.4.2.1 Canada Modular Combat Turret Market Breakdown, by Type
9.2.4.2.2 Canada Modular Combat Turret Market Breakdown, by Platform
9.2.4.3 Mexico Modular Combat Turret Market, Revenue and Forecast to 2028
9.2.4.3.1 Mexico Modular Combat Turret Market Breakdown, by Type
9.2.4.3.2 Mexico Modular Combat Turret Market Breakdown, by Platform
9.3 Europe Modular Combat Turret Market Revenue and Forecast To 2028
9.3.1 Overview
9.3.2 Europe Modular Combat Turret Market Revenue and Forecast to 2028 (US$ Million)
9.3.3 Europe Modular Combat Turret Market Breakdown, By Type
9.3.4 Europe Modular Combat Turret Market Breakdown, By Platform
9.3.5 Europe Modular Combat Turret Market Breakdown, by Country
9.3.5.1 France Modular Combat Turret Market, Revenue and Forecast to 2028
9.3.5.1.1 France Modular Combat Turret Market Breakdown, by Type
9.3.5.1.2 France Modular Combat Turret Market Breakdown, by Platform
9.3.5.2 Germany Modular Combat Turret Market, Revenue and Forecast to 2028
9.3.5.2.1 Germany Modular Combat Turret Market Breakdown, by Type
9.3.5.2.2 Germany Modular Combat Turret Market Breakdown, by Platform
9.3.5.3 Italy Modular Combat Turret Market, Revenue and Forecast to 2028
9.3.5.3.1 Italy Modular Combat Turret Market Breakdown, by Type
9.3.5.3.2 Italy Modular Combat Turret Market Breakdown, by Platform
9.3.5.4 UK Modular Combat Turret Market, Revenue and Forecast to 2028
9.3.5.4.1 UK Modular Combat Turret Market Breakdown, by Type
9.3.5.4.2 UK Modular Combat Turret Market Breakdown, by Platform
9.3.5.5 Russia Modular Combat Turret Market, Revenue and Forecast to 2028
9.3.5.5.1 Russia Modular Combat Turret Market Breakdown, by Type
9.3.5.5.2 Russia Modular Combat Turret Market Breakdown, by Platform
9.3.5.6 Rest of Europe Modular Combat Turret Market, Revenue and Forecast to 2028
9.3.5.6.1 Rest of Europe Modular Combat Turret Market Breakdown, by Type
9.3.5.6.2 Rest of Europe Modular Combat Turret Market Breakdown, by Platform
9.4 APAC Modular Combat Turret Market, Revenue and Forecast To 2028
9.4.1 Overview
9.4.2 APAC Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.4.3 APAC Modular Combat Turret Market Breakdown, By Type
9.4.4 APAC Modular Combat Turret Market Breakdown, by Country
9.4.4.1 China Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 China Modular Combat Turret Market Breakdown, by Type
9.4.4.1.2 China Modular Combat Turret Market Breakdown, by Platform
9.4.4.2 Japan Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 Japan Modular Combat Turret Market Breakdown, by Type
9.4.4.2.2 Japan Modular Combat Turret Market Breakdown, by Platform
9.4.4.3 India Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India Modular Combat Turret Market Breakdown, by Type
9.4.4.3.2 India Modular Combat Turret Market Breakdown, by Platform
9.4.4.4 South Korea Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 South Korea Modular Combat Turret Market Breakdown, by Type
9.4.4.4.2 South Korea Modular Combat Turret Market Breakdown, by Platform
9.4.4.5 Australia Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 Australia Modular Combat Turret Market Breakdown, by Type
9.4.4.5.2 Australia Modular Combat Turret Market Breakdown, by Platform
9.4.4.6 Rest of APAC Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC Modular Combat Turret Market Breakdown, by Type
9.4.4.6.2 Rest of APAC Modular Combat Turret Market Breakdown, by Platform
9.5 MEA Modular Combat Turret Market, Revenue and Forecast To 2028
9.5.1 Overview
9.5.2 MEA Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.5.3 MEA Modular Combat Turret Market Breakdown, By Type
9.5.4 MEA Modular Combat Turret Market Breakdown, By Platform
9.5.5 MEA Modular Combat Turret Market Breakdown, By Country
9.5.5.1 Saudi Arabia Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 Saudi Arabia Modular Combat Turret Market Breakdown, by Type
9.5.5.1.2 Saudi Arabia Modular Combat Turret Market Breakdown, by Platform
9.5.5.2 UAE Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 UAE Modular Combat Turret Market Breakdown, by Type
9.5.5.2.2 UAE Modular Combat Turret Market Breakdown, by Platform
9.5.5.3 South Africa Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 South Africa Modular Combat Turret Market Breakdown, by Type
9.5.5.3.2 South Africa Modular Combat Turret Market Breakdown, by Platform
9.5.5.4 Rest of MEA Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.4.1 Rest of MEA Modular Combat Turret Market Breakdown, by Type
9.5.5.4.2 Rest of MEA Modular Combat Turret Market Breakdown, by Platform
9.6 South America Modular Combat Turret Market Revenue and Forecast To 2028
9.6.1 Overview
9.6.2 South America Modular Combat Turret Market Revenue and Forecast to 2028 (US$ Million)
9.6.3 South America Modular Combat Turret Market Breakdown, By Type
9.6.4 South America Modular Combat Turret Market Breakdown, By Platform
9.6.5 SAM Modular Combat Turret Market Breakdown, by Country
9.6.5.1 Brazil Modular Combat Turret Market, Revenue and Forecast to 2028
9.6.5.1.1 Brazil Modular Combat Turret Market Breakdown, by Type
9.6.5.1.2 Brazil Modular Combat Turret Market Breakdown, by Platform
9.6.5.2 Rest of SAM Modular Combat Turret Market, Revenue and Forecast to 2028
9.6.5.2.1 Rest of SAM Modular Combat Turret Market Breakdown, by Type
9.6.5.2.2 Rest of SAM Modular Combat Turret Market Breakdown, by Platform
10. Impact of COVID-19 Pandemic on Modular Combat Turret Market
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profile
12.1 BAE Systems plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Control Solutions LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Curtiss-Wright Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Denel Land Systems
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Elbit Systems Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Jenoptik AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Leonardo S.p.A.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Moog Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Otokar Otomotiv ve Savunma Sanayi A.S.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Rheinmetall AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Modular Combat Turret Market, by Region – Revenue and Forecast to 2028 (USD Million)
Table 3. North America Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 4. North America Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 5. North America Modular Combat Turret Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 6. US Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. US Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 12. Europe Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Europe Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 14. Europe Modular Combat Turret Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 15. France Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 16. France Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 17. Germany Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 18. Germany Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 19. Italy Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 20. Italy Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 21. UK Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 22. UK Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 23. Russia Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 24. Russia Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 25. Rest of Europe Modular Combat Turret Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 26. Rest of Europe Modular Combat Turret Market, by Platform – Revenue and Forecast to 2028 (USD Million)
Table 27. APAC Modular Combat Turret Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 28. APAC Modular Combat Turret Market Breakdown, By Platform
Table 29. APAC Modular Combat Turret Market, Revenue and Forecast To 2028 – By Platform (US$ Million)
Table 30. APAC Modular Combat Turret Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 31. China Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 32. China Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 33. Japan Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 34. Japan Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 35. India Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 36. India Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 37. South Korea Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 38. South Korea Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 39. Australia Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 40. Australia Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 41. Rest of APAC Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 42. Rest of APAC Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 43. MEA Modular Combat Turret Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 44. MEA Modular Combat Turret Market, Revenue and Forecast To 2028 – By Platform (US$ Million)
Table 45. MEA Modular Combat Turret Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 46. Saudi Arabia Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 47. Saudi Arabia Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 48. UAE Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 49. UAE Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 50. South Africa Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 51. South Africa Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 52. Rest of MEA Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 53. Rest of MEA Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 54. South America Modular Combat Turret Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 55. South America Modular Combat Turret Market, Revenue and Forecast To 2028 – By Platform (US$ Million)
Table 56. SAM Modular Combat Turret Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 57. Brazil Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 58. Brazil Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 59. Rest of SAM Modular Combat Turret Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 60. Rest of SAM Modular Combat Turret Market, Revenue and Forecast to 2028 – By Platform (US$ Million)
Table 61. List of Abbreviation
LIST OF FIGURES
Figure 1. Modular Combat Turret Market Segmentation
Figure 2. Modular Combat Turret Market Segmentation – By Geography
Figure 3. Global Modular Combat Turret Market Overview
Figure 4. Manned Turret Segment is Expected to Dominate the Market by Type
Figure 5. Land Segment held Largest Market Share in 2020
Figure 6. North America held Largest Market Share in 2020
Figure 7. Porter’s Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Modular Combat Turret Market Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of Modular Combat Turret Market
Figure 11. Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Modular Combat Turret Market Revenue Share, by Type (2020 & 2028)
Figure 13. Manned Turret: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Unmanned Turret: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Modular Combat Turret Market Revenue Share, by Platform (2020 & 2028)
Figure 16. Land: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Naval: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Airborne: Modular Combat Turret Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Global Modular Combat Turret Market Breakdown, by Region, 2020 & 2028 (%)
Figure 20. North America Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Modular Combat Turret Market Breakdown, By Type, 2020 & 2028 (%)
Figure 22. North America Modular Combat Turret Market Breakdown, By Platform, 2020 & 2028 (%)
Figure 23. North America Modular Combat Turret Market Breakdown, by Country, 2020 & 2028 (%)
Figure 24. US Modular Combat Turret Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 25. Canada Modular Combat Turret Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 26. Mexico Modular Combat Turret Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 27. Europe Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 28. Europe Modular Combat Turret Market Breakdown, By Type, 2020 & 2028 (%)
Figure 29. Europe Modular Combat Turret Market Breakdown, By Platform, 2020 & 2028 (%)
Figure 30. Europe Modular Combat Turret Market Breakdown, by Country, 2020 & 2028(%)
Figure 31. France Modular Combat Turret Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 32. Germany Modular Combat Turret Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 33. Italy Modular Combat Turret Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 34. UK Modular Combat Turret Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 35. Russia Modular Combat Turret Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 36. Rest of Europe Modular Combat Turret Market, Revenue and Forecast , 2018–2028 (US$ Million)
Figure 37. APAC Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 38. APAC Modular Combat Turret Market Breakdown, By Type, 2020 & 2028 (%)
Figure 39. APAC Modular Combat Turret Market Breakdown, By Platform, 2020 & 2028 (%)
Figure 40. APAC Modular Combat Turret Market Breakdown, by Country, 2020 & 2028 (%)
Figure 41. China Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 42. Japan Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 43. India Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 44. South Korea Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 45. Australia Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 46. Rest of APAC Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 47. MEA Modular Combat Turret Market, Revenue and Forecast to 2028 (US$ Million)
Figure 48. MEA Modular Combat Turret Market Breakdown, By Type, 2020 & 2028 (%)
Figure 49. MEA Modular Combat Turret Market Breakdown, By Platform, 2020 & 2028 (%)
Figure 50. MEA Modular Combat Turret Market Breakdown, By Country, 2020 & 2028 (%)
Figure 51. Saudi Arabia Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 52. UAE Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 53. South Africa Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 54. Rest of MEA Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 55. South America Modular Combat Turret Market, Revenue and Forecast To 2028 (US$ Million)
Figure 56. South America Modular Combat Turret Market Breakdown, By Type, 2020 & 2028 (%)
Figure 57. South America Modular Combat Turret Market Breakdown, By Platform, 2020 & 2028 (%)
Figure 58. SAM Modular Combat Turret Market Breakdown, by Country, 2020 & 2028 (%)
Figure 59. Brazil Modular Combat Turret Market, Revenue and Forecast , 2018–2028 (US$ Million)
Figure 60. Rest of SAM Modular Combat Turret Market, Revenue and Forecast , 2018–2028 (US$ Million)
Figure 61. Impact of COVID-19 Pandemic in North American Country Markets
Figure 62. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 63. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 64. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 65. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Modular Combat Turret Market
- BAE Systems
- Control Solution LLC
- Curtiss-Wright Corporation
- Denel Dynamics
- Elbit System Ltd.
- Jenoptik AG
- Leonardo S.P.A
- Moog Inc.
- Otokar Otomotiv ve Savunma Sanayi A.S.
- Rheinmetall AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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