Naval Combat Systems Market Analysis and Global Forecast to 2021
(MENAFNEditorial) Global Naval Combat Systems market Report by Systems (Weapon Systems, C4ISR Systems, Electronic Warfare, and Signal & Communication Intelligence), and by Geography- Forecast to 2021
Market Synopsis of Naval Combat Systems
The 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 vehicles and investment in naval combat system to counter national security threats.
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 Other challenges are lack of advance technologies and outdated surveillance & radar systems are the factors impacting the growth, but at the same time it provides an opportunity to government and companies to modernize and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.
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Key Player of Naval Combat Systems Market:
- BAE Systems -
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- Lockheed Martin -
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- Raytheon -
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- Thales -
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- General Dynamics -
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- Harris Corporation -
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- L-3 Communication Systems -
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- Northrop Grumman -
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- Sagem -
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