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Global Turret System Market 2019-2023 | Growing Emphasis on Securing National Borders to Augment Demand | Technavio

December 7, 2018

LONDON--(BUSINESS WIRE)--Dec 7, 2018-- analysts forecast the global turret system market to grow at a CAGR of nearly 7% during the forecast period, according to their latest market research report.

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Technavio has released a new market research report on the global turret system market for the period 2019-2023. (Graphic: Business Wire)

Advancements in combat training support equipment is one of the major trends being witnessed in the . Over the years, in urban areas and cities, there has been a significant increase in terrorist activities and conflicts. A majority of the encounters between security forces and terrorist elements involve a mix of close-quarter warfare and long-range fighting situations. Therefore, this has elevated the need to enhance the accuracy levels of the weapons used in modern warfare.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global turret system market is the growing emphasis on securing national borders:

Global turret system market: Growing emphasis on securing national borders

Globally, the increasing instances of cross-border infiltration and illegal immigration pose a significant threat to both domestic and international security. Organized crime groups and terrorists participate in illicit trafficking for trading and transferring arms, drugs, illegal currency, as well as chemical and biological weapons through porous international borders. Therefore, it has become essential for defense agencies worldwide to implement strategies that can significantly minimize cross-border trafficking and safeguard and secure national borders.

According to a senior analyst at Technavio for research on defense, “Over the last decade, threats have encouraged nations to invest in measures to increase homeland security. Technologies have emerged as countermeasures across the globe to secure international borders. Countries such as Israel implemented various state-of-the-art homeland security mechanisms such as the construction of a laser fencing system along the Jordan Border to control cross-border terrorist infiltration. The increasing efforts to ensure border surveillance and protection is expected to drive market growth during the forecast period.”

Global turret system market: Segmentation analysis

The global turret system market research report provides market segmentation by type (manned and unmanned), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The manned segment held the largest market share in 2018, accounting for nearly 58% of the market. This type segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2018 with a market share of nearly 40%. This region is expected to dominate the market through 2023, however, there will be a decrease in its market share by over 2%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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KEYWORD:

INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/07/2018 02:38 PM/DISC: 12/07/2018 02:38 PM

http://www.businesswire.com/news/home/20181207005504/en

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