Global Turret System Market: Key Highlights
Global Turret System Market: Key Market Dynamics
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Global Turret System Market: Regional Overview
The region is witness to create a major role of the adoption of the market in the forecast period. Whereas, in the region countries such as the US is considered to be the major market for turret system, with the growing advancement in the technological as well as the growing incidences of armed conflicts or war against terrorism. Hence, it has been projected that, the US is one of the main manufacturers and end users of turret system throughout the globe.
The Asia-Pacific is projected will create a significant growth with the continuous upgrading of the warfare platform. Moreover, the countries such as China, and India is projected to be major player for the market with the rising investing in turret system and latest technologies. Hence, China, Japan and India are anticipate to grow at a strongly in the forecast period, due to the conflicts between nations as well as the rising terrorism.
Global Turret System Market: Key Players Overview
Rheinmetall AG is the management holding company of the Rheinmetall Group. Whereas, it produces automotive pumps and components to supply air, reduce emissions, and supply fuel, pistons for gasoline and diesel vehicle and stationary engines. The company is one of the major supplier of the turret system, as more than 6,000 turrets with high technology have been delivered to various customers throughout the globe. In 2018, Australia has awarded Rheinmetall an order for 211 Boxer wheeled armoured vehicles worth of about USD 2.2 billion.
BAE Systems is a British multinational defense, security, and aerospace company. Whereas, BAE Systems land systems South Africa has also disclosed its new manned turret. Also, the Overhead Manned Turret (OMT) is a new generation, low profile turret designed for vehicles such as Light Armoured Vehicles (LAV) or Mine Protected Vehicles (MPV). In 2020, the BAE Systems has been choose the Kongsberg’s MCT-30 Turret for the United States Marine Corps’ Amphibious Combat Vehicle (ACV)-30 program.
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