The Global Naval Combat Systems Market report covers the present scenario and the growth prospects of the Naval Combat Systems for 2016-2020. To calculate the market size, the report considers both the direct revenue and the indirect revenue of the vendors.
Research analyst predicts the global naval combat systems market to grow at a CAGR of 3% during the forecast period. The rising need to enhance the marine operational safety and efficiency is the primary driver for the growth of this market. The growing technology and investments have led to the evolution of numerous automated systems such as electro-optic detection, underwater acoustic weapons, fence, virtual fence, MACE, and integrated security systems. Moreover, the integration of advanced radar systems, EO/IR technologies, and underwater weapons with the combat ships is projected to lighten the workload of the naval crew of their workloads and assures the availability of essential maritime information with enhanced protection.
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The emergence of the advanced airborne radar is expected to contribute to the market growth during the forecast period. For instance, the advanced airborne sensor (AAS) project, developed by Raytheon along with the US Navy, is equipped with a double-sided active, electronically scanned array (AESA) technology and is capable of automatically detecting vessels over a long distance. It can also deliver high-resolution imagery of surface areas from long range even during adverse weather conditions, prohibiting the use of EO/IR imaging.
The report provides a basic overview of the Naval Combat Systems including definitions, classifications and applications. The Naval Combat Systems report enlists several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing.
Market segmentation by system type of naval combat systems
• Electronic warfare
Weapons accounted for 45% of the market share during 2015 and is expected to reach a market value of around USD 16 billion by 2020. The extensive procurement of anti-ship missile defense systems and MANPADS (man-portable air defense systems) by combat ships is expected to drive the growth of this segment during the forecast period.
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Top vendors in Naval Combat Systems Industry
• BAE Systems
• Lockheed Martin
The other prominent vendors in this market include General Dynamics, Harris Corp, L-3 Communication, Northrop Grumman, and Sagem.
The Naval Combat Systems is divided into the following segments based on geography:
In the end, the report makes some important proposals for a new project of Naval Combat Systems Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Naval Combat Systems industry covering all important parameters.
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Key questions answered in this Naval Combat Systems report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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