DUBLIN--(BUSINESS WIRE)--The "Global Naval Combat Systems Market - Forecasts and Analysis (2018-2023)" report has been added to Research and Markets' offering.
The Global Naval Combat Systems Market is expected to grow at a CAGR of 4.03% during the forecast period. The Naval Systems in recent times have become increasingly relevant and popular and states are ramping up their naval capabilities. The reasons are many including increasing proliferations by terrorists through the high seas, rise in piracy trends and the capture of boundaries by certain states. The emergence of new technologies such as the advanced airborne radars which is capable of automatically detecting vessels over a long distance, is driving the market.
North America region which holds the largest share in the Naval Combat Systems Market and also is the manufacturing hub of such equipment will show a steady growth rate in the forecast period. The demand in United States will be mostly replacement demand, as the equipment becomes obsolete. The growth rate in the North American region will be seen from Mexico, as it will actively seek to acquire such systems going into the future. Mexico global influence is increasing and it coming out of the shadow of United States. Mexico will seek to increase its influence both in the Pacific and the Indian Ocean, for which it will make considerable investments in the Naval Combat Systems. Asia Pacific will foresee significant growth in the forecast period, due to various conflicts and tensions in the regions.
Electronic Warfare Systems hold the highest share in the market, but C4ISR will lead the growth in the market in the forecast period. Lockheed Martin, Raytheon, and BAE Systems are some of the important players in the Global Naval Combat Systems Market. The market has been segmented by Type (Electronic Warfare and C4ISR), and by Geography (North America, South America, Europe, Middle East & Africa and Asia Pacific).
- Bae Systems
- Lockheed Martin
- Ferranti Technologies
Key Topics Covered:
2. Executive Summary
3. Market Overview and Trends
4. Market Dynamics
5. Global Naval Combat Systems Market, By Type
6. Global Naval Combat Systems Market, By Geography
7. Competitive Landscape
8. Key Vendor Analysis
9. Future Outlook of the Market
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