This market research report presents a comprehensive segmentation of the global naval combat systems market by systems such as C4ISR, electronic warfare, and weapons. It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are BAE Systems, IMI, Lockheed Martin, Raytheon, and Thales.
Technavio’s market research analysts estimate the global naval combat systems market to grow at a CAGR of 3% between 2016 and 2020. The surging need to enhance the marine operational safety and efficiency is the primary driver for the growth of this market. The Americas leads the global market for naval combat systems, accounting for around 39% of the total market share. The focus on the development and modernization of the Aegis combat ship in US Navy is expected to contribute to the market growth in this region.
The new market research report from Technavio provides a breakdown and analysis of the naval combat systems segments by technology.
“Of late, the development of advanced airborne radars is an emerging trend in this market. The advanced airborne sensors (AAA) are equipped with electronically scanned array (AESA) technology and synthetic aperture radar (SAR) and moving target indication (MTI) modes. These help in automatic detection of long-distanced vessels through wide area surveillance of land and sea areas. These sensors deliver high-resolution imagery even in adverse weather conditions,” says Sriram Moha, Lead Analyst, Aerospace & Defence, Technavio Research.
The naval weapons occupy the largest share in the global naval combat systems market, covering around 45% of the overall market. Increased purchase of anti-ship missile defense systems and man-portable air-defense systems (MANPADS) by combat ships has led to the growth of this segment.
The leading vendors in the global naval combat systems market include BAE Systems, IMI, Lockheed Martin, Raytheon, and Thales. The market is highly competitive with the presence of well-established international providers. Vendors compete on the basis of cost, product quality, reliability, and aftermarket services. The report predicts the market to witness an increase in mergers and acquisitions, along with augmented collaboration with alliance partners around the world.
A more detailed analysis is available in the Technavio report, Global Naval Combat Systems Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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