Market Overview:
The global gyro-stabilized turret market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for missile, drone, and spacecraft applications across the globe. Additionally, the growing adoption of gyro-stabilized turrets in military and defense applications is also propelling the growth of this market. Based on type, the global gyro-stabilized turret market can be segmented into 1-Aixs, 2-Aixs, 3-Aixs, and other types. The 2-Aixs type segment is expected to hold a major share of this market during the forecast period owing to its high accuracy and stability levels as compared to other types. Based on application, the global gyro stabilized turret market can be divided into missile systems, drone systems,, spacecraft systems,, and others (including ground vehicles).
Product Definition:
A gyro-stabilized turret is a type of turret that uses a gyroscope to keep it's orientation stable, even when the vehicle or platform it is mounted on is moving around. This allows for more accurate aiming of the weapon system and can help prevent unwanted movement or vibrations from affecting the aim. The importance of gyro-stabilized turrets lies in their ability to provide greater accuracy and stability for weapons systems, making them more effective in combat situations.
1-Aixs:
1-Aixs is a growth factor that helps in stabilizing the gyroscope. It's main function is to cancel out the unwanted motion of a device caused due to its inertia, which can be otherwise canceled by adding mass or damping it with springs. The 1-Aixs system works on the principal of conservation of momentum and reaction forces.
2-Aixs:
2-Aixs is a gyroscope sensor system that helps in stabilizing the turret. It's an advanced version of 1-Aix which has improved sensitivity and accuracy. The 2-Aixs uses two orthogonal axes to measure the orientation in order to calculate the rate of roll, pitch and yaw of a vehicle.
Application Insights:
The missile application segment accounted for the largest revenue share of over 40% in 2017. Missiles are used by countries for strategic purposes and are also launched from aircraft, ships, and ground-based launchers. Gyro-stabilized turret systems provide enhanced accuracy at long range as compared to traditional fire control systems due to its ability to track multiple targets simultaneously. This allows a single platform to shoot down several enemy missiles in air at the same time.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The U.S., being a global military power, is expected to play an important role in defense modernization across the globe, thereby driving regional demand over the forecast period. Furthermore, presence of key players and favorable government policies are anticipated to further drive regional growth over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions owing to increasing demand from countries such as China and India that are engaged in modernizing their militaries at a rapid pace. Moreover, rising geopolitical tensions between major powers such as China and India have led them to strengthen their space programs with an aim toward strengthening their national security capabilities; this factor is also likely to contribute significantly toward market growth during the forecast period.
Growth Factors:
- Increasing demand for gyro-stabilized turrets in the defense sector as they provide high accuracy and stability while tracking targets.
- Growing demand for gyro-stabilized turrets from the commercial segment for use in unmanned aerial vehicles (UAVs) and other applications.
- Technological advancements in gyro-stabilization technology that improve accuracy and performance of turrets.
- Rising adoption of turret systems by small and medium enterprises (SMEs) due to their low cost and easy installation process.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gyro-Stabilized Turret Market Research Report
By Type
1-Aixs, 2-Aixs, 3-Aixs, Other
By Application
Missile, Drone, Spacecraft
By Companies
Airelectronics, Challenger Aerospace Systems, Ascent Vision, iFlight, Shenzhen Viewpro Technology, Shotover Camera Systems, UAV Factory, Controp Percision Technologies, Gyro-Stabilized Systems, Threod Systems, Inova Drone
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Gyro-Stabilized Turret Market Report Segments:
The global Gyro-Stabilized Turret market is segmented on the basis of:
Types
1-Aixs, 2-Aixs, 3-Aixs, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Missile, Drone, Spacecraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airelectronics
- Challenger Aerospace Systems
- Ascent Vision
- iFlight
- Shenzhen Viewpro Technology
- Shotover Camera Systems
- UAV Factory
- Controp Percision Technologies
- Gyro-Stabilized Systems
- Threod Systems
- Inova Drone
Highlights of The Gyro-Stabilized Turret Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1-Aixs
- 2-Aixs
- 3-Aixs
- Other
- By Application:
- Missile
- Drone
- Spacecraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gyro-Stabilized Turret Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A gyro-stabilized turret is a type of turret that uses a gyroscope to stabilize the gun. This allows the turret to remain stationary in spite of movement within the vehicle.
Some of the major players in the gyro-stabilized turret market are Airelectronics, Challenger Aerospace Systems, Ascent Vision, iFlight, Shenzhen Viewpro Technology, Shotover Camera Systems, UAV Factory, Controp Percision Technologies, Gyro-Stabilized Systems, Threod Systems, Inova Drone.
The gyro-stabilized turret market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gyro-Stabilized Turret Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gyro-Stabilized Turret Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gyro-Stabilized Turret Market - Supply Chain
4.5. Global Gyro-Stabilized Turret Market Forecast
4.5.1. Gyro-Stabilized Turret Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gyro-Stabilized Turret Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gyro-Stabilized Turret Market Absolute $ Opportunity
5. Global Gyro-Stabilized Turret Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gyro-Stabilized Turret Market Size and Volume Forecast by Type
5.3.1. 1-Aixs
5.3.2. 2-Aixs
5.3.3. 3-Aixs
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gyro-Stabilized Turret Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gyro-Stabilized Turret Market Size and Volume Forecast by Application
6.3.1. Missile
6.3.2. Drone
6.3.3. Spacecraft
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gyro-Stabilized Turret Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gyro-Stabilized Turret Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gyro-Stabilized Turret Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gyro-Stabilized Turret Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gyro-Stabilized Turret Demand Share Forecast, 2019-2026
9. North America Gyro-Stabilized Turret Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gyro-Stabilized Turret Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gyro-Stabilized Turret Market Size and Volume Forecast by Application
9.4.1. Missile
9.4.2. Drone
9.4.3. Spacecraft
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gyro-Stabilized Turret Market Size and Volume Forecast by Type
9.7.1. 1-Aixs
9.7.2. 2-Aixs
9.7.3. 3-Aixs
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gyro-Stabilized Turret Demand Share Forecast, 2019-2026
10. Latin America Gyro-Stabilized Turret Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gyro-Stabilized Turret Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gyro-Stabilized Turret Market Size and Volume Forecast by Application
10.4.1. Missile
10.4.2. Drone
10.4.3. Spacecraft
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gyro-Stabilized Turret Market Size and Volume Forecast by Type
10.7.1. 1-Aixs
10.7.2. 2-Aixs
10.7.3. 3-Aixs
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gyro-Stabilized Turret Demand Share Forecast, 2019-2026
11. Europe Gyro-Stabilized Turret Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gyro-Stabilized Turret Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gyro-Stabilized Turret Market Size and Volume Forecast by Application
11.4.1. Missile
11.4.2. Drone
11.4.3. Spacecraft
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gyro-Stabilized Turret Market Size and Volume Forecast by Type
11.7.1. 1-Aixs
11.7.2. 2-Aixs
11.7.3. 3-Aixs
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attactiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gyro-Stabilized Turret Demand Share, 2019-2026
12. Asia Pacific Gyro-Stabilized Turret Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gyro-Stabilized Turret Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gyro-Stabilized Turret Market Size and Volume Forecast by Application
12.4.1. Missile
12.4.2. Drone
12.4.3. Spacecraft
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gyro-Stabilized Turret Market Size and Volume Forecast by Type
12.7.1. 1-Aixs
12.7.2. 2-Aixs
12.7.3. 3-Aixs
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gyro-Stabilized Turret Demand Share, 2019-2026
13. Middle East & Africa Gyro-Stabilized Turret Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gyro-Stabilized Turret Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gyro-Stabilized Turret Market Size and Volume Forecast by Application
13.4.1. Missile
13.4.2. Drone
13.4.3. Spacecraft
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gyro-Stabilized Turret Market Size and Volume Forecast by Type
13.7.1. 1-Aixs
13.7.2. 2-Aixs
13.7.3. 3-Aixs
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gyro-Stabilized Turret Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gyro-Stabilized Turret Market: Market Share Analysis
14.2. Gyro-Stabilized Turret Distributors and Customers
14.3. Gyro-Stabilized Turret Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Airelectronics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Challenger Aerospace Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ascent Vision
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. iFlight
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shenzhen Viewpro Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shotover Camera Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. UAV Factory
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Controp Percision Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gyro-Stabilized Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Threod Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Inova Drone
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
