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.
MARKET SCOPE
The "Global Naval Vessel Defense Systems Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the naval vessel defense systems market with detailed market segmentation by type, system and geography. The report provides key statistics on the market status of the leading naval vessel defense systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global naval vessel defense systems market is segmented into anti-ship and anti-aircraft systems, anti-submarine warfare, missile defense, anti-torpedo and mine defense systems
- On the basis of system, the market is segmented threat detection, countermeasures
MARKET DYNAMICS
Drivers:
- The increasing global use of unmanned systems, stealth systems, and supersonic/hypersonic threats have exponentially increased the threat for naval vessels forcing the militaries to strengthen their naval defense capabilities. This factor is expected to drive the market growth for naval defense systems during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The naval vessel defense systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the naval vessel defense systems market in these regions.
IMPACT OF COVID-19 ON NAVAL VESSEL DEFENSE SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the naval vessel defense systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from naval vessel defense systems market are anticipated to lucrative growth opportunities in the future with the rising demand for naval vessel defense systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the naval vessel defense systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Raytheon Technologies company.
- General Dynamics Mission Systems, Inc.
- Lockheed Martin Corporation
- IAI - Israel Aerospace Industries
- Thales Group
- MBDA
- Leonardo S.p.A.
- Rafael Advanced Defense Systems Ltd.
- Northrop Grumman
- Safran