Global Naval Combat Systems Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Global Naval Combat Systems Market is expected to grow at a CAGR of around 4% during 2016-2021.
Growing tension at South China Sea, Indian Ocean, illegal trade, and immigration are the major factors driving the demand, thus resulting in the procurement of unmanned underwater systems and investment in naval combat system to counter national security threats. International Boundary Waters Treaty Act and other intergovernmental regulation to restrict the implementation of warfare systems are the challenges which would hamper the growth of the market. Other challenges are lack of advance technologies and outdated surveillance & radar systems are the factors impacting the growth, but at the same time it provides an opportunity to government and companies to modernize and produce state of the art technology to overcome the problem.
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Naval Combat Systems Market – Competitive Analysis
The global Naval Combat Systems Market is highly competitive, and vendors compete on the basis of cost, product quality, reliability, and aftermarket service. In order to survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality naval combat systems with latest technology and materials.
Lockheed Martin and Raytheon are the two leading vendors in the market. Their focus is primarily on the implementation of light-weight materials, more electric technologies, and robust systems. In 2015, Lockheed Martin signed a contract with the US Navy, worth $120.4 million, to provide engineering and support services for the AN/BVY-1 Integrated Submarine Imaging System.
Mergers and acquisitions, along with increased collaboration with alliance partners around the world, would drive the global missile market, in the forecast period. In 2015, Harris Corporation acquired Exelis, at $4.75 billion, to provide support to the naval assets globally. Such acquisitions and mergers would enhance the position of the companies in the market and enable direct access to the local customers.
In early 1973, Lockheed Martin had developed the Aegis Weapon System (AWS), a centralized, automated, and command-and-control (C2) weapons system, for the US Navy. It was equipped with the AN/SPY-1 radar, an automatic detect and track, high-powered, multifunction phased-array radar, which had a track capacity of over 100 targets. The computer-based command and decision element enables simultaneous operations against multi-mission threats; such as anti-air, anti-surface and anti-submarine warfare.
In 2015, Lockheed Martin signed another contract with the US Navy, worth $428 million, to modernize and expand its 40-year legacy Aegis combat system on Navy warships, for 10 years. The vendor would reconfigure the Aegis hardware and software that is equipped with the US Navy vessels. Under the contract, the Aegis Baseline 9 destroyer weapon system would be integrated on the new Arleigh Burke-class destroyers. The new configuration would enable the US destroyers and cruisers to simultaneously defend against airborne threats, target and intercept ballistic missiles.
Similarly, China, which has the second-highest defense budget globally, had developed the Aegis destroyer ship, equipped with guided missile systems in 2005. The ships comprised of the Aegis-type phased array panels, vertical launch, long-range missiles and considerable command and control systems. In 2015, the People’s Liberation Army Navy, China, started developing a Type 055 guided-missile destroyer, which is bigger and more powerful than the US Arleigh Burke-class destroyers. The designed ship would have a displacement of 12,000 tons.
During the same period, the Indian Navy launched a 540 feet, 7,300 tons, stealth guided missile destroyer. The ship is equipped with eight BrahMos supersonic cruise missiles, which have an operating range of 180 feet, which were developed by India’s Defense Research and Development Organization (DRDO) and the Russian defense industry. In addition, the ships are equipped with 32 Barak-8/NG medium-long range air defense missiles, an Indo-Israeli surface-to-air missile (SAM), jointly developed by Rafael-IAI and the DRDO. Furthermore, the ship is equipped with a 76 mm Oto Melara Super Rapid Gun, four fully-automated Russian AK-630 close-in weapon systems, and a 127 mm gun. The destroyer is also equipped with IAI-Elta EL/M-2238 S-band (2 to 4 GHz) 3-D volume air surveillance radar (STAR) radar and a Thales LW-08 D-band air search radar. The Multi-Function Surveillance Threat Alert Radar (MF-STAR) is the Israeli equivalent to the US Navy’s Aegis Combat System and on par with the Chinese Aegis System installed on the Type 052D Multirole Destroyer.
APAC to dominate the Global Naval Combat Systems Market information in 2021
As per the MRFR analysis, Asia Pacific will dominate the market and is expected to grow at a CAGR of 8% With the increased defense spending and procurement of advanced naval combat systems, APAC will play major role in the market growth. Key Players
This report includes a study of strategies of major market players in the Global Naval Combat Systems Market include BAE Systems, Lockheed Martin, Raytheon, Thales, General Dynamics, Harris Corporation, L-3 Communication Systems, Northrop Grumman, and Sagem.
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Scope of Report
This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Naval Combat Systems Market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.
Study Objectives of Naval Combat Systems
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global Naval Combat Systems market
- To provide insights about factors affecting the market growth
- To Analyze the Naval Combat Systems market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by systems
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Naval Combat Systems market
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