Naval Combat Systems Market

Naval Combat Systems Market Research
Report By Forecast To 2021
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2021
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Naval Combat Systems Market Research Report - Forecast to 2021
Global Naval Combat Systems Market Report by Systems (Weapon Systems, C4ISR Systems, Electronic
Warfare, and Signal & Communication Intelligence), and by Geography- Forecast to 2021
The global naval combat systems market is growing with the rapid pace. According to a recent study report published by the
Market Research Future, The global market of naval combat systems will grow at a rapid pace over the forecast period. The
market is forecasted to witness slow but steady growth by 2021, which will be a surplus growth at a moderate CAGR during
the projected period (2016 -2021).
The high demand for naval combat systems is due to the growth in the military. The emergence of advanced naval combat
system has changed the defense industry. Due to the global proliferation of progressively sophisticated arms, an imperative
need to reassess the current approach to naval fleet operations has emerged. To address this need, naval combat systems
have come into existence. The new companies that are trying to enter the market should have high capital in order to
engage in the R&D of the naval combat systems market. However, the 3D printing evolution, emergence of advanced
airborne radar and modernisation of naval combat systems acts as a barrier for the growth of naval combat systems market.
The naval combat systems market is completely dependent on the investment on military system. Another factor
responsible for the increase in growth of naval combat systems is the advanced automation systems and growing demand
of UUVs. This is the primary factor that drives the growth of the naval combat systems market and has gained prevalence in
the recent times, with increasing investments on naval combat systems. Thus, the growth of the naval combat systems
market is expected to go hand in hand with the growth of military expenditure.
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Naval Combat Systems Market Research Report - Forecast to 2021
The dynamic business environment and cut throat competition in the market constantly requires influx of capital to update
their technology. The suppliers outnumber the buyers in the global naval combat systems market. There is an intense
competition among the existing players in the market with the vendors investing extensively and using advanced technology
to develop modern and cost-effective anti-ship missile defense systems.
In the current scenario, the value chain of the global naval combat system market consists of the stages of the defence
authorities, manufacturers or the companies who are responsible for the design and development of the missile defense
systems, and the Tier suppliers who provide additional services such as the raw materials and 3D printing services. R&D is a
pre-requisite for the development of naval combat systems and the maintenance of global competitiveness in the market
Currently, developed regions like the Americas and Europe investment heavily in the procurement and development of these
systems. Such cut throat competition in the automotive industry requires massive investments at a regular basis, thus the
high capital investment in the naval combat systems market.
Industry/ Innovation/ Related News:
October, 2016 - BAE Systems has signed a ten-and-a-half-year contract extension to provide the Royal Navy with combat
systems integration services to both in-service and future platforms, including Type 45 destroyers, the new Queen Elizabeth
(QE) Class aircraft carriers, and the Type 26 Global Combat Ships.
February, 2016 - The U.S. Navy awarded Lockheed Martin a $15 million contract to mature its Freedom-variant Frigate
design as a part of the Navy's FFG(X) competition.
Naval Combat Systems Market Research Report - Forecast to 2021
Global Naval Combat Systems Market ($ billion), 2016-2021
Naval Combat Systems Market Research Report - Forecast to 2021
Naval Combat Systems Market – Segmentation
The Global Naval combat systems market is segmented in to 4 key dynamics for the convenience of the report and
enhanced understanding;
Segmentation by System
Communication Intelligence
: Comprises Weapon Systems, C4ISR Systems, Electronic Warfare and Signal &
Segmentation by Vessel Type
: Comprises Submarine, Destroyer ship, Frigate, Corvette and others
Segmentation by Vehicle Type
: Comprises Passenger vehicle, Commercial vehicle
Segmentation by Regions
: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Naval Combat Systems Market – Regional Analysis
North America market is dominating the market of naval combat systems market due to growth in global military
expenditure and technological advancements. The increasing military expenses by the US Department of Defense (DOD) on
naval combat system, in the recent years, have fuelled the demand for systems in the country.
Europe is referred to as the second-largest naval combat systems market due to factors such as increasing military spending
in various countries across EMEA regions, ultimately drives the market.
Naval Combat Systems Market Research Report - Forecast to 2021
Naval Combat Systems Market Research Report - Forecast to 2021
Key Players:
BAE Systems, Lockheed Martin, Raytheon, Thales, General Dynamics, Harris Corporation, L-3 Communication Systems,
Northrop Grumman, and Sagem and others are some of the prominent players profiled in MRFR Analysis and are at the
forefront of competition in the global naval combat systems market.
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