Naval Combat Systems 2019 Global Market - Technologies, Applications, Verticals, Strategies & Forecast 2021
October 21, 2019 by Monica nerkar
Global Naval Combat Systems Market Report by Systems (Weapon Systems, C4ISR Systems, Electronic Warfare, and Signal & Communication Intelligence), and by Geography- Forecast to 2021
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.
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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 Other challenges are lack of advance technologies and outdated surveillance & radar systems are the factors impacting the growth, but at the same time it provides an opportunity to government and companies to modernize and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.
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.
Study Objectives of Naval Combat Systems
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