Naval Combat Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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

Market Snapshot

naval combat systems market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >4 %

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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 (2020 - 2025).

  • In recent times, the naval systems 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 increasing popularity of 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:

Weapon Systems
Electronic Warfare
North America
United States
United Kingdom
Rest of Europe
Rest of Asia-Pacific
Latin America
Rest of Latin America
Middle East & Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

The C4ISR Segment to Register 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 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 Systems Market_System

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

Currently, North America 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,  Asia-Pacific 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, to procure advanced naval combat systems, thereby propelling the growth of the market. 

Naval Combat Systems Market_Geography

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Competitive Landscape

Some of the prominent players in the market are BAE Systems PLC, Lockheed Martin Corporation, Raytheon Company, Thales Group, and General Dynamics Corporation. Many players in the market are working together to develop advanced and innovative combat systems for various militaries worldwide. 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 revenues simultaneously for each of the players during the forecast period.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    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


    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. United States

        2. Canada

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. Brazil

        2. Mexico

        3. Rest of Latin America

      5. 5.2.5 Middle East & Africa

        1. Saudi Arabia

        2. Israel

        3. Egypt

        4. Rest of Middle East & Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 BAE Systems PLC

      2. 6.2.2 Lockheed Martin Corporation

      3. 6.2.3 Raytheon Company

      4. 6.2.4 Thales Group

      5. 6.2.5 General Dynamics Corporation

      6. 6.2.6 Saab AB

      7. 6.2.7 L3Harris Technologies Inc.

      8. 6.2.8 Northrop Grumman Corporation

      9. 6.2.9 Safran SA

      10. 6.2.10 Elbit Systems Ltd

      11. 6.2.11 Terma

      12. 6.2.12 Kongsberg Gruppen AS


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Frequently Asked Questions

The Naval Combat Systems Market market is studied from 2018 - 2026.

The Naval Combat Systems Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

BAE Systems PLC, Lockheed Martin Corporation, Raytheon Company, Thales Group, General Dynamics Corporation are the major companies operating in Naval Combat Systems Market.

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