Naval Gun System Market | Global Industry Size, Share, Trends, Segments and Regional Analysis By Northrop Grumman, BAE, IMI, Lockheed Martin, Raytheon and Thales

Global Naval Gun System Market Information Report by Type (C4ISR, Electronic Warfare, Weapon) and by Regions (Americas, APAC, and EMEA) - Global Forecast To 2023

Northrop Grumman, Bae Systems, IMI, Lockheed Martin, Raytheon and Thales among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global naval gun system market.

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Global Naval Gun System Market – Overview

The global naval gun system market is growing at a rapid pace. According to a recent study report published by the Market Research Future, the global market of naval gun system will grow at a rapid pace over the forecast period. The market is forecasted to witness a steady growth by 2023, growing at a moderate CAGR during the projected period (2018 -2023).

Naval guns are designed for long range targets in shores. Naval guns systems are naval artillery provide precise long-range naval gunfire support in the offshores. These guns have long-range guided shells which enable them to hit targets with precision for a range of 50-100 km. The naval gun system features and technological advancements have made the guns extremely relevant for the modern-day naval warfare. The main advantages of naval gun systems are cost effectiveness, large number of rounds available, shells cannot be shot down by missiles, and their ability to engage targets extremely closer to the ship. Factors such as increasing demand for shore bombardment and long-range land attack projectile vessels increases the demand for the market. Concurrently, the focus towards high-quality artillery & technological innovations enhance the growth of the naval gun system market. However, the requirement of high capital investments and regulatory issues act as a barrier for the growth of naval gun system market. As the development of upgraded naval gun systems requires constant research & development support, there is the requirement of extensive capital investment at a constant rate.

With the rapid technological developments in the market, there have been reduced capital costs and operational costs, which further aids in the market growth, during the forecast period. Another factor responsible for the growth of the naval gun system market is the technology advancements in the development of naval gun systems. Moreover, the increasing terrorist threats and cross border disputes are expected to fuel the market growth, during the forecast period. In addition, the increasing naval force operations further raises the demand for naval gun system market.

Ove the years, there has been an increase in the research and development expenses, in order to increase the accuracy and quality of naval guns, which is expected to fuel the growth of the naval gun system market. Also, the increasing procurement of naval gun systems by the respective naval forces of different countries, is expected to attract further investments in the global market.

Owing to the growing possibilities of attacks through sea routes and increasing investments in enhancing naval capabilities by many hostile countries, it has become increasingly important to establish an enhanced deterrent that can combat maritime threats. Many countries are in the process of augmenting their maritime border security capabilities to ensure that illegal and hostile infiltration do not take place in their territories.

Industry/ Innovation/ Related News:

January 2018 – BAE system provided the US Navy with modernized Mk 45 guns. The Mk 45 is the lightest, most compact, 5-inch fully automatic naval gun in the world and is the most widely deployed to the U.S. Navy and other allied navies.

January 2018 – BAE Systems signed a contract with the Finnish Navy, to produce and deliver Bofors 40 Mk4 Naval Guns and the Hamina Class Squadron 2000 fast attack craft.

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Global Naval Gun System Market – Segmentation

The global naval gun system market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Comprises C4ISR, Electronic Warfare, and Weapon

Segmentation by Application: Comprises Battleship, Battle cruiser, Heavy cruiser, and Light cruiser

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia-Pacific and Rest of the World.

Global Naval Gun System Market: Regional Analysis

North America dominates the global market for naval gun systems due to the presence of major market players in the region. The leading manufacturers in the region are investing extensively in the research and development of the naval gun systems and focusing towards strong geographical coverage and large production facilities. In addition, North America is the hub of naval gun system manufacturers, such as BAE Systems plc and Northrop Grumman. Concurrently, the market in the Asia-Pacific region is expected to grow at the fastest pace, due to the large number of naval conflicts in the region, of late.

Table Of Contents

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Macro Factor Indicators Analysis
2.5.1 GDP (USD Million)
2.5.2 GNI Per Capita, Atlas Method (USD)
2.5.3 GDP Per Capita PPP (USD)
2.5.4 Macro Indicators Influencing The Naval Gun System Market For Top 5 Countries
2.5.4.1 US
2.5.4.2 Germany
2.5.4.3 Japan
2.5.4.4 China
2.5.4. 5 U.K
2.6 Market Insights
2.7 List Of Assumptions

3 Research Methodology
3.1 Research Type
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

Continued.......

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