Global Turret System Market Size 2024, Forecast To 2033

The turret system market has demonstrated steady growth, increasing from $19.89 billion in 2023 to $20.68 billion in 2024, reflecting a compound annual growth rate (CAGR) of 4.0%. The historical growth is attributed to growing industrial automation, shifts in the threat landscape and geopolitics, a focus on modular and adaptable designs, improvements in target acquisition and tracking, and enhanced crew safety and survivability. Looking forward to 2028, the turret system market is expected to continue its steady growth, projecting a market size of $23.64 billion, with a CAGR of 3.4%. Contributing factors in the forecast period include rising threats and conflicts, the integration of artificial intelligence (AI) and autonomous capabilities, modularity and interoperability, a focus on counter-drone capabilities, electro-magnetic weapon systems, and enhanced survivability measures. Major trends include the adoption of unmanned turrets, miniaturization and weight reduction, the integration of multi-sensor systems, a focus on directed energy weapons (DEWs), and the development of smart and adaptive turrets.