Naval Combat Systems Market

Naval Combat Systems Market by Platforms (Destroyers, Aircraft Carrier, Frigates, Corvettes, Submarine, and Others), Types (Electronic Warfare, Weapon Systems, and C4ISR), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CM-3262
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 233
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The global naval combat systems market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing investments for strengthening country defense.

Due to the prevalence of underwater dangers such as unidentified killer submarines, undersea weaponry, and sea mines, the undersea environment poses various security issues to the defense forces. As a result, several governments are developing and procuring undersea warfare equipment in order to fight any underwater danger.

Naval Combat Systems Market Key Takeaways

Undersea naval combat systems are advantageous for bolstering a country's naval force. Surveillance (patrolling of littoral waters bounded by hostile coasts and harbors), reconnaissance (gathering information from acoustic, electromagnetic, and optronic sensors without being detected), engagement deploying missiles and torpedoes unanticipated by the enemy, and self-protection are all key functions of underwater warfare systems.

The coast guard and the army corps of engineers are paving the way for riverine, intracoastal, and coastal navigation in the future. They're always working to enhance navigation and communication for autonomous and continuous broadcast systems that provide safety and security information between participating vessels and shore stations.

The need for new naval vessels is driving the naval combat systems market, as a result of the worldwide armed services planned and current fleet modernization initiatives.

Ocean goods has seen excellent growth in Southeast Asia and Western Europe during the last few years. These countries have extensive logistical activities that require constant monitoring and coordination.

Underwater warfare technologies must be versatile enough to function in complicated naval conflict settings. The manufacturers are partnering with other businesses in order to geographically expand their product offers around the globe. Furthermore, other contracts for the acquisition of particular underwater warfare systems have been awarded to the producers by various naval forces across the world.

The COVID-19 pandemic has caused supply chain limitations on a worldwide scale, raising the cost of acquisition for a number of naval programs. During the peak of the epidemic, when shipyard employees were exposed to COVID-19, total attendance dropped by 50%, resulting in the postponement of deadlines for the completion of major shipbuilding programs.

Market Trends, Drivers, Restraints, and Opportunities

  • Terrorism is a global threat and increasing terrorist activities are projected to boost the market during the forecast period.
  • Increasing government spending in defense sector is estimated to drive the market in the coming years.
  • Growing number of battlefield assets are key factors driving the market in the coming years.
  • Increasing security on ocean borders is estimated to propel the market.
  • Growing global trade through sipping routes are increasing chances for illegal trespassing which is expected to fuel the market.
  • High level of expertise required to develop such technologies and danger is been always a risk of security breaches act as key factors hampering the market growth during the forecast period.
  • Rapid innovations in the field and growing technologies are creating a lucrative opportunity for the market players.

Scope of the Report

The report on the global naval combat systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Naval Combat Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Platforms (Destroyers, Aircraft Carrier, Frigates, Corvettes, Submarine, and Others), Type (Electronic Warfare, Weapon Systems, and C4ISR)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

General Dynamics Corporation; Raytheon Technologies Corporation; BAE Systems PLC; Lockheed Martin Corporation; Thales Group

Naval Combat Systems Market Segment Insights

The aircraft segment is projected to hold a large market share

Based on platforms, the naval combat systems market is divided into destroyers, aircraft carrier, frigates, corvettes, submarine, and others. The aircraft carrier segment is expected to hold a key share of the market during the forecast period owing to countries are building aircraft base in the sea for landing fighter planes and jets. Moreover, aircraft carriers can be used as an air base when countries are in the state of war.

The C4ISR segment is anticipated to expand at a substantial CAGR

On the basis of types, the naval combat systems market is segmented into electronic warfare, weapon systems, and C4ISR. The C4ISR segment is expected to constitute a key share of the market during the forecast period owing to C4ISR systems are acronyms for command, control, communications, computers, intelligence, surveillance, and reconnaissance and used to carry out all of these tasks. Military decision-makers rely on C4ISR technologies to make timely choices based on the information provided.

Naval Combat Systems Market By Types

Asia Pacific is anticipated to dominate the market

On the basis of regions, the naval combat systems market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to ongoing conflict in the Indian ocean, Arabian sea, and south China sea are pressuring navies in nations such as Pakistan, China, India, Japan, and South Korea to strength their naval combat systems.

Segments

Segments Covered in the Report
The global naval combat systems market has been segmented on the basis of

Platforms
  • Destroyers
  • Aircraft Carrier
  • Frigates
  • Corvettes
  • Submarine
  • Others
 Type
  • Electronic Warfare
  • Weapon Systems
  • C4ISR
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • General Dynamics Corporation
  • Raytheon Technologies Corporation
  • BAE Systems PLC
  • Lockheed Martin Corporation
  • Thales Group

Competitive Landscape

Key players competing in the naval combat systems market include General Dynamics Corporation; Raytheon Technologies Corporation; BAE Systems PLC; Lockheed Martin Corporation; Thales Group

Some of these players are coming with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Naval Combat Systems Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Naval Combat Systems 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. Naval Combat Systems Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Naval Combat Systems Market - Supply Chain
  4.5. Global Naval Combat Systems Market Forecast
     4.5.1. Naval Combat Systems Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Naval Combat Systems Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Naval Combat Systems Market Absolute $ Opportunity
5. Global Naval Combat Systems Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Naval Combat Systems Market Size and Volume Forecast by Types
     5.3.1. Electronic Warfare Weapon Systems C4ISR
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Naval Combat Systems Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Naval Combat Systems Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Naval Combat Systems Demand Share Forecast, 2019-2026
7. North America Naval Combat Systems Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Naval Combat Systems Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Naval Combat Systems Market Size and Volume Forecast by Types
     7.4.1. Electronic Warfare Weapon Systems C4ISR
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Naval Combat Systems Demand Share Forecast, 2019-2026
8. Latin America Naval Combat Systems Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Naval Combat Systems Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Naval Combat Systems Market Size and Volume Forecast by Types
     8.4.1. Electronic Warfare Weapon Systems C4ISR
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Naval Combat Systems Demand Share Forecast, 2019-2026
9. Europe Naval Combat Systems 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
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Naval Combat Systems Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Naval Combat Systems Market Size and Volume Forecast by Types
     9.4.1. Electronic Warfare Weapon Systems C4ISR
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Naval Combat Systems Demand Share Forecast, 2019-2026
10. Asia Pacific Naval Combat Systems 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Naval Combat Systems Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Naval Combat Systems Market Size and Volume Forecast by Types
     10.4.1. Electronic Warfare Weapon Systems C4ISR
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Naval Combat Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Naval Combat Systems 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. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Naval Combat Systems Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Naval Combat Systems Market Size and Volume Forecast by Types
     11.4.1. Electronic Warfare Weapon Systems C4ISR
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Naval Combat Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Naval Combat Systems Market: Market Share Analysis
  12.2. Naval Combat Systems Distributors and Customers
  12.3. Naval Combat Systems Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. General Dynamics Corporation Raytheon Technologies Corporation BAE Systems PLC Lockheed Martin Corporation Thales Group
Segments Covered in the Report
The global naval combat systems market has been segmented on the basis of

Platforms
  • Destroyers
  • Aircraft Carrier
  • Frigates
  • Corvettes
  • Submarine
  • Others
 Type
  • Electronic Warfare
  • Weapon Systems
  • C4ISR
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • General Dynamics Corporation
  • Raytheon Technologies Corporation
  • BAE Systems PLC
  • Lockheed Martin Corporation
  • Thales Group

Key players competing in the naval combat systems market include General Dynamics Corporation; Raytheon Technologies Corporation; BAE Systems PLC; Lockheed Martin Corporation; Thales Group

Some of these players are coming with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Naval Combat Systems Market By Key Players

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