Naval Vessel Defense Systems Market Growth & Trends [2031]
Naval Vessel Defense Systems Market Growth & Trends [2031]
Segments - Naval Vessel Defense Systems Market by System (Countermeasures and Threat Detection), Type (Missile Defense, Anti-submarine Warfare Systems, Anti-ship Systems, Anti-aircraft Systems, and Anti-torpedo Defense Systems), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AD-5231
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| 211 Pages
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Report Description
The global naval vessel defense systems market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX % during 2023–2031. The market growth is characterized by the growing need to improve naval warfare capabilities to defend naval vessels from subsonic and supersonic threats, including drones, helicopters, and cruise missiles.
Defense systems have evolved to ensure enhanced survivability, operability, and security of the military units, establishments, and equipment in the combat area. Naval vessel defense systems provide protection to military and non-military ships from rocket and missile attacks. Naval combat systems comprise basic components such as interceptors, sensors, and command and control. Naval vessel defense systems have sophisticated precision strike and long-range weapon systems that detect and neutralize all types of surface, sub-merged, and air-borne threats approaching the naval vessels. It detects oncoming threats such as helicopters, stealth aircraft, or drones with the help of military radar and activates the defense mechanism to eliminate the threat.
Naval vessel defense systems consist of weapon systems and sensors connected through intelligent networks and evaluate tactical situations to ensure an accurate and rapid response in the operational scenario. High-precision-guided programmable weaponry systems identify, evaluate, and target multi-domain threats with exceptional precision and firing capabilities.
The COVID-19 pandemic affected the market, due to slow economic development and lack of funds for R&D, manufacturing, and deployment of defense systems. Moreover, lockdowns affected the supply-chain operations of raw materials required to manufacture the naval defense systems. The partial closure of factories affected the worker attendance in the shipyards, thus affecting the manufacturing operations of naval defense systems.
Naval Vessel Defense Systems Market Dynamics
Drivers
Rising cross-border infiltration, smuggling, and geo-political crises are anticipated to drive the market. Increasing use of advanced drones with exceptional striking abilities and stealth aircraft poses a potential threat to naval vessels. Naval vessel defense systems provide protection for naval vessels, watercraft, and maneuvering forces with the help of various types of interceptors, sensors, and control units.
Restraints
High cost of developing naval vessel defense systems and R&D activities to upgrade the system to protect the vessels from constantly evolving threats is likely to hinder the market. Hardware design that supports the functioning of the naval vessel defense systems is complex and needs to be upgraded to counter multi-domain threats. Algorithms embedded in the hardware for precise, efficient, and optimal functioning of the systems are updated from time to time.
Opportunities
Rising need for efficient naval vessel defense systems to protect the naval vessels and military units from supersonic and subsonic threats is likely to create significant opportunities in the market. Modern-day naval vessel defense systems are equipped with satellite-based monitoring systems for offensive missile detection and tracking. Technological advancements to enhance the strike-capacity, precision, and quick response time works as a catalyst for the market growth.
Scope of the Naval Vessel Defense Systems Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Naval Vessel Defense Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
System (Countermeasures and Threat Detection), and Type (Missile Defense, Anti-submarine Warfare Systems, Anti-ship Systems, Anti-aircraft Systems, and Anti-torpedo Defense Systems) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Lockheed Martin Corporation; BAE Systems plc; Tactical Missile Corporation; General Dynamics Mission Systems, Inc.; Raytheon Technologies Corporation; Diehl Defence GmbH & Co. KG; Thales Group; and Rafael Advanced Defense Systems Ltd. |
Market Segment Insights
Based on system, the global naval vessel defense systems market is bifurcated into countermeasures and threat detection. The countermeasures segment is expected to grow significantly during the projection period, due to the constantly evolving modern-day threats in the naval combat areas and the subsequent need to protect sea-based assets. The countermeasures-based system has a quick response time and deploys the weaponry system to provide a protective shield to naval vessels and sea-based assets.
On the basis of type, the global naval vessel defense systems market is segregated into missile defense, anti-submarine warfare systems, anti-ship systems, anti-aircraft systems, and anti-torpedo defense systems. The missile defense segment is projected to expand at a high CAGR during the forecast period, due to the rising need for protection against ballistic and cruise missile attacks. Naval vessel defense systems are capable of identifying and intercepting missiles in mid-air to neutralize the threats.
In terms of region, the global naval vessel defense systems market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, owing to the high defense budget of the US and the adaptability of modern-day defense systems to establish military dominance. The US has military bases all around the world. Naval vessels deployed in various parts of the world are susceptible to attacks by aircraft, helicopters, and missiles.
Segments
The global naval vessel defense systems market has been segmented on the basis of
System
- Countermeasures
- Threat Detection
Type
- Missile Defense
- Anti-submarine Warfare Systems
- Anti-ship Systems
- Anti-aircraft Systems
- Anti-torpedo Defense Systems
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Lockheed Martin Corporation
- BAE Systems plc
- Tactical Missile Corporation
- General Dynamics Mission Systems, Inc.
- Raytheon Technologies Corporation
- Diehl Defence GmbH & Co. KG
- Thales Group
- Rafael Advanced Defense Systems Ltd.
Competitive Landscape
Key players competing in the global naval vessel defense systems market are Lockheed Martin Corporation; BAE Systems plc; Tactical Missile Corporation; General Dynamics Mission Systems, Inc.; Raytheon Technologies Corporation; Diehl Defence GmbH & Co. KG; Thales Group; and Rafael Advanced Defense Systems Ltd.
These companies adopted various development strategies, including mergers, acquisitions, partnerships, collaborations, product launches, and production expansion to expand their consumer base globally. For instance,
- In April 2023, Lockheed Martin announced that it is developing advanced air and missile defense capabilities against cruise missiles, tactical ballistic missiles, and aircraft. It is developing Patriot Advanced Capability – 3 (PAC-3) Missile Segment Enhancement (MSE) that delivers high performance at high altitude and long range.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Naval Vessel Defense 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 Vessel Defense 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 Vessel Defense Systems Market - Supply Chain
4.5. Global Naval Vessel Defense Systems Market Forecast
4.5.1. Naval Vessel Defense Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Naval Vessel Defense Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Naval Vessel Defense Systems Market Absolute $ Opportunity
5. Global Naval Vessel Defense 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 Vessel Defense Systems Market Size and Volume Forecast by Types
5.3.1. Missile Defense
5.3.2. Anti-submarine Warfare Systems
5.3.3. Anti-ship Systems
5.3.4. Anti-aircraft Systems
5.3.5. Anti-torpedo Defense Systems
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Naval Vessel Defense 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 Vessel Defense 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 Vessel Defense Systems Demand Share Forecast, 2019-2026
7. North America Naval Vessel Defense 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 Vessel Defense 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 Vessel Defense Systems Market Size and Volume Forecast by Types
7.4.1. Missile Defense
7.4.2. Anti-submarine Warfare Systems
7.4.3. Anti-ship Systems
7.4.4. Anti-aircraft Systems
7.4.5. Anti-torpedo Defense Systems
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 Vessel Defense Systems Demand Share Forecast, 2019-2026
8. Latin America Naval Vessel Defense 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 Vessel Defense 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 Vessel Defense Systems Market Size and Volume Forecast by Types
8.4.1. Missile Defense
8.4.2. Anti-submarine Warfare Systems
8.4.3. Anti-ship Systems
8.4.4. Anti-aircraft Systems
8.4.5. Anti-torpedo Defense Systems
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 Vessel Defense Systems Demand Share Forecast, 2019-2026
9. Europe Naval Vessel Defense 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 Vessel Defense 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 Vessel Defense Systems Market Size and Volume Forecast by Types
9.4.1. Missile Defense
9.4.2. Anti-submarine Warfare Systems
9.4.3. Anti-ship Systems
9.4.4. Anti-aircraft Systems
9.4.5. Anti-torpedo Defense Systems
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 Vessel Defense Systems Demand Share Forecast, 2019-2026
10. Asia Pacific Naval Vessel Defense 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 Vessel Defense 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 Vessel Defense Systems Market Size and Volume Forecast by Types
10.4.1. Missile Defense
10.4.2. Anti-submarine Warfare Systems
10.4.3. Anti-ship Systems
10.4.4. Anti-aircraft Systems
10.4.5. Anti-torpedo Defense Systems
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 Vessel Defense Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Naval Vessel Defense 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 Vessel Defense 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 Vessel Defense Systems Market Size and Volume Forecast by Types
11.4.1. Missile Defense
11.4.2. Anti-submarine Warfare Systems
11.4.3. Anti-ship Systems
11.4.4. Anti-aircraft Systems
11.4.5. Anti-torpedo Defense Systems
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 Vessel Defense Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Naval Vessel Defense Systems Market: Market Share Analysis
12.2. Naval Vessel Defense Systems Distributors and Customers
12.3. Naval Vessel Defense Systems Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Lockheed Martin Corporation
12.4.2. BAE Systems plc
12.4.3. Tactical Missile Corporation
12.4.4. General Dynamics Mission Systems, Inc.
12.4.5. Raytheon Technologies Corporation
12.4.6. Diehl Defence GmbH & Co. KG
12.4.7. Thales Group
12.4.8. Rafael Advanced Defense Systems Ltd.
Methodology
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