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The global naval ISR market is gaining momentum due to increasing maritime tensions and rapid development of high-end naval vessels by countries. As modern combats involve a greater emphasis on surveillance and intelligence and information gathering with respect to enemy movement, armed forces are largely focusing on the incorporation and integration of sophisticated and advanced sensor systems into their naval vessels.
Scope of the Report:
This report studies the Naval ISR market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Naval ISR market by product type and applications/end industries.
The rising production of submarines is one of the primary drivers for market growth. Submarines presently are manufactured with improved stealth and endurance abilities leading to better functionality for a large range of missions. The evolving underground warfare techniques have resulted in a strong need for the development of sophisticated navigational and radar systems for these submarines.
Moreover, the rapid technical enhancements in naval warfare, will substitute the existent fleet of submarines with powerful and lethal ones. Changes include improvements in submarines that are targeted at enhancing submerged endurance, stealth, underwater weapon (torpedo), sensor and communication systems. In addition, improvements in processing technologies are foreseen to lead to the development of large virtual arrays, advancements in submarine detection capabilities, and the move to low frequency multi-static sonar, which will compel submarines to adopt noise-cancellation on a pulse-by-pulse basis. Such technological advancements will increase the need for submarines equipped with such features, which in turn, will augment the market's growth prospects in the future.
The global Naval ISR market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Naval ISR.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- BAE Systems
- General Dynamics
- Lockheed Martin
- Atlas Elektronik
- Leonardo DRS
- Northrop Grumman
- Ultra Electronics
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Surface Naval Vessels ISR
- Underwater Naval Vessels ISR
Market Segment by Applications, can be divided into
- On the Sea
- Under the Sea