Naval Combat Systems Market - Growth, Trends, and Forecast (2019 - 2024)

The Naval Combat Systems Market is segmented by System (Weapon Systems, Electronic Warfare, and C4ISR) and Geography.

Market Snapshot

Naval Combat Sys
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The naval combat systems market is expected to record a CAGR of more than 4% during the forecast period.

  • The naval systems in recent times have become increasingly relevant and popular, and countries are ramping up their naval capabilities. The emergence of new technologies, such as the advanced airborne radars, which are capable of automatically detecting vessels over a long distance is driving the market.
  • Another major driver for this market is the currently ongoing submarine upgrade programs. Submarines are an integral part of a country’s naval fleet, and hence, it is essential to keep them upgraded and maintained. Many upgrading programs are going on across the world for improving the capabilities of submarines.
  • The growing popularity for advanced integrated combat systems or the use in naval forces is expected to provide new opportunities for the market in the years to come. 

Scope of the Report

The report includes the following aspects:

System
Weapon Systems
Electronic Warfare
C4ISR
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
Israel
Egypt
Rest of Middle East & Africa

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Key Market Trends

The C4ISR Segment to Register with the Highest CAGR During the Forecast Period

The C4ISR segment is expected to register a high CAGR during the forecast period. C4ISR is a combination of different technologies, like C2 systems for command and control, SDR, satellites, and other portable devices for communication. Integrated C4ISR systems are gaining significant acceptance in the market, and their use is likely to increase in the next five years. C4ISR systems are now being adopted widely for maritime patrolling. SIGINT and ISR activities are also increasing in naval operations. The defense sector is also increasingly turning to SATCOM for efficient communication. Another trend in the market is the growing use of UUVs in ISR activities to perform surveillance stealthily. This is also propelling the growth of the segment. 

Naval Combat Sys

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The Asia-Pacific Market to Grow With the Highest CAGR During the Forecast Period

Currently, the North American region is the largest market in the naval combat systems market. The region is a prime manufacturing hub and the largest market for naval subsystems. The United States is the main market in the region currently. However, the demand in the United States is expected to be mostly replacement demand, as the equipment becomes obsolete. Thus, the growth from the region is expected to be slow. However, the Asia-Pacific region is expected to foresee significant growth during the forecast period, due to various conflicts and tensions in the regions. Tensions in the Arabian Sea, the Indian Ocean and the South China Sea are influencing the navies of the countries, like India, Pakistan, China, Japan, South Korea, etc., to procure advanced naval combat systems, thereby propelling the growth of the market. 

Naval Combat Systems Market Geography

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Competitive Landscape

BAE Systems PLC, Lockheed Martin Corporation, Raytheon Company, Thales Group, and General Dynamics Corporation are some of the prominent players in the market. Many players in the market are working together to develop advanced and innovative combat systems for various militaries around the world. This is expected to help the technology transfer and enhance the mission capabilities, due to the integration of different spheres of technologies in the end product. For instance, companies, like Saab AB, BAE Systems PLC, and Lockheed Martin Corporation, are working together to deliver a combat system integration for the Hunter class frigates to Australia. Such partnerships are expected to help the growth of the market and simultaneously the growth of revenues for each of the players also, during the forecast period.

Major Players

  1. BAE Systems PLC
  2. Lockheed Martin Corporation
  3. Raytheon Company
  4. Thales Group
  5. General Dynamics Corporation

* Complete list of players covered available in the table of contents below

Naval Combat Sys

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 System

      1. 5.1.1 Weapon Systems

      2. 5.1.2 Electronic Warfare

      3. 5.1.3 C4ISR

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Mexico

        3. 5.2.4.3 Rest of Latin America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 Israel

        3. 5.2.5.3 Egypt

        4. 5.2.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Vendor Market Share

    3. 6.3 Company Profiles

      1. 6.3.1 BAE Systems PLC

      2. 6.3.2 Lockheed Martin Corporation

      3. 6.3.3 Raytheon Company

      4. 6.3.4 Thales Group

      5. 6.3.5 General Dynamics Corporation

      6. 6.3.6 Saab AB

      7. 6.3.7 L-3 Communication Systems

      8. 6.3.8 Northrop Grumman Corporation

      9. 6.3.9 Safran

      10. 6.3.10 Elbit Systems Ltd

      11. 6.3.11 Terma AS

      12. 6.3.12 KONGSBERG*

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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