Naval Combat Vessels Market Overview —
Naval combat vessels market is gaining wind by cementing their role in defense and anti-narcotics operations to secure any security breach. The global naval combat vessels market is all set to gain momentum by 4% during the forecast period (2018-2023), expresses Market Research Future (MRFR) in a detailed report.
The report further incorporates roles that next-generation naval systems, such as Unmanned Underwater Vehicles (UUVs) can play in taking the market ahead. The efforts are to lessen naval troop casualties. Governments are spending much on submarines as well which can be considered a driving force as well.
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The competitive market is witness to multiple strategies getting implemented each day by market behemoths in an effort to push forward and gain a firm foothold. However, in the process, both the market and firms stand to profit. For instance, Lockheed Martin signed a contract with the U.S Naval Sea Systems in a bid to develop and integrate the Aegis Baseline 9 systems. This would help to increase the standard of Japan Maritime Self Defense Force destroyers. BAE Systems inked a deal with the U.S. Navy to upgrade the guided-missile destroyer USS Howard and USS Oscar Austin in 2018.
The key players in global naval combat vessels market are:
• Israel Military Industries (Israel)
• BAE Systems (U.K)
• Lockheed Martin Corporation (U.S.)
• Raytheon (U.S.)
• General Dynamics Corporation (U.S.)
• SaaB AB (Sweden)
• Huntington Ingalls Industries Inc. (U.S.)
• Mitsubishi Heavy Industries Ltd. (Japan)
• Kawasaki Shipbuilding Corporation (Japan)
• Kockums AB (Sweden)
Most of the underwater drones now come with C4ISR systems for target recognition and damage assessment. Lockheed Martin’s drones, the Orca, is about to become the largest underwater drone. NATO, on the other hand, has the Scorpène class submarine that has the fighting capability equivalent to French Barracuda submarines. The submarine has naval cruise missiles and tactical firepower from MBDA and the F21 HWT from Naval Group.
Dilution concept to create confusion to evade torpedo attacks has given way to the only solution that anti-submarine warfare of CANTO-S has in its arsenal which is performing brilliantly in providing a shield as an anti-torpedo defense.
The global naval combat vessels market can be segmented by vessel type and mode of propulsion.
By vessel type, the naval combat vessels market can be segmented into a submarine, frigates, corvettes, destroyers, and others. Corvettes are the most widely used and have the largest market share due to increase in deliveries of corvettes.
On the basis of mode of propulsion, the naval combat vessels market can be segmented into nuclear powered and conventional powered. The nuclear-powered market segment is to generate the maximum demand during the forecast period.
Region-specific analysis of the naval combat vessels market spans across North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and Latin America (LATAM).
North America is spearheading the market by investing heavily in defense weapons and warfare technology. It is going to dominate the market in the near future as well by incorporating the latest combat systems in naval vessels. Furthermore, the region is going to experience business from replacements as well as obsolete components need new parts.
The APAC region is assuming the second spot and is also expected to grow with the fastest CAGR during the forecast period. China and Japan are showing extraordinary growth and can tailwind the market further in the coming years. Border disputes and illegal marine activities have given rise to the sale of naval vessels and upgradation of the existing system.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List of Tables
Table 1 Global Naval Combat Vessels Market: by Region, 2018-2023
Table 2 North America Naval Combat Vessels Market: by Country, 2018-2023
Table 3 Europe Naval Combat Vessels Market: by Country, 2018-2023
Table 4 Asia Pacific Naval Combat Vessels Market: by Country, 2018-2023
Table 5 Middle East & Africa Naval Combat Vessels Market: by Country, 2018-2023
Table 6 Latin America Naval Combat Vessels Market: by Country, 2018-2023
Table 7 Global Naval Combat Vessels Market, by Vessel Type, by Regions, 2018-2023
Table 8 North America Naval Combat Vessels Market, by Vessel Type, by Country, 2018-2023
Table 9 Europe Naval Combat Vessels Market, by Vessel Type, by Country, 2018-2023
Table 10 Asia Pacific Naval Combat Vessels Market by Vessel Type, by Country, 2018-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Naval Combat Vessels Market Share, by Vessel Type, 2018 (%)
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