According to a recently published report by Research Nester on “Global Naval Combat Systems Market Outlook: Industry Insights & Opportunity Assessment 2019-2027”delivers detailed overview of the global naval combat systems market in terms of market segmentation by type, by platform type, by application and by region.
Submarines are considered as one of the most integral part of the naval fleet and are required to be updated with time, therefore the number of submarine up gradation programs are taking place which is estimated to boost the growth of the global naval combat systems market expanding at a CAGR of 4% over the period 2019-2027.
The naval combat systems market is segmented by type, platform type and applications. By type, the C4ISR segment is anticipated to have high growth rate on account of integrated C4ISR system’s acceptance in the market. C4ISRincludes combination of different technologies such as C2 systems for command and control, SDR, satellites, and other portable devices for communication.
Besides C4ISR, the weapons segment is expected to expand significantly during the forecast period attributing to the substantial procurement of anti-ship missile. The surface based naval combat system is expected to grow significantly owing to its ability to offer abundant offensive and defensive capabilities for months together without requiring land bases near the action.
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Increasing number of unmanned vehicles to boost the Demand for Naval Combat Systems in the Future
The naval combat systems market is thriving on the back of increasing number of unmanned vehicles.The unmanned underwater vehicles or unmanned drones provide the naval combat systems with the opportunities to undertake various operations such ascombat search and rescue, electronic warfare, C4ISR, and communication transfer.
The advanced naval combat systems provide various functions in underwater unmanned vehicles such as efficient and precise naval intelligence, surveillance, mine countermeasures (MCM) operations, monitoring systems, intelligence and reconnaissance (ISR), and anti-submarine warfare missions. Thereby, the increasing number of unmanned vehicles is likely to propel the growth of the naval combat systems market.
Protects the life of naval personnel- The advanced functions of underwater unmanned vehicles help them in withstanding hazardous chemical and dangerous situations which helps to protect the life of a navy personnel and thus expected to boost the growth of the naval combat systems market.
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North America region is projected to expand rapidly in the next few years. Asia Pacific region is expected to showcase upliftment owing to conflictsacross various regions such as Arabian Sea, Indian Ocean, and South China Sea to procure advanced combat systems. Europe is also expected to grow significantly on the back of increasing demand for advanced naval combat systems.