Middle East & Africa Turret System Market Size & Outlook
MEA turret system market highlights
- The MEA turret system market generated a revenue of USD 2,483.0 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, land was the largest revenue generating platform in 2023.
- Land is the most lucrative platform segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 2,483.0 million |
| Market revenue in 2030 | USD 3,090.0 million |
| Growth rate | 3.2% (CAGR from 2024 to 2030) |
| Largest segment | Land |
| Fastest growing segment | Land |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Land |
| Key market players worldwide | BAE Systems PLC, Elbit Systems Ltd, General Dynamics Corp, Leonardo SpA ADR, Lockheed Martin Corp, Moog Inc, Northrop Grumman Corp, Rheinmetall AG, Thales |
Other key industry trends
- In terms of revenue, MEA region accounted for 12.5% of the global turret system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,215.0 million by 2030.
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Turret System Market Scope
Turret System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Moog Inc | View profile | 1-10 | Alcobendas, Madrid, Spain, Europe | http://www.moog.es |
| Rheinmetall AG | View profile | 25344 | Rheinmetall Platz 1, Dusseldorf, NW, Germany, 40476 | https://www.rheinmetall.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Leonardo SpA ADR | View profile | 51000 | Piazza Monte Grappa 4, Rome, Italy, 00195 | http://www.leonardocompany.com |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Thales | View profile | 81000 | 4, rue de la Verrerie, Meudon, France, 92190 | https://www.thalesgroup.com |
Middle East & Africa turret system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to turret system market will help companies and investors design strategic landscapes.
Land was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa turret system market based on land covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of turret system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa turret system market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa turret system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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