Naval Gun System Market

Naval Gun System Market Research Report - Global Forecast till 2025
Naval Gun System Market
Research Report - Global
Forecast till 2025
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Naval Gun System Market Research Report - Global Forecast till 2025
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Copyright © 2017 Market Research Future.
Naval Gun System Market Research Report - Global Forecast till 2025
Summary:
Naval Gun Systems market. The global market for Naval Gun Systems is expected to grow at a CAGR of about 4%
between 2017 and 2023
Market Overview:
Significant technological development in the global naval gun system market has resulted in reduced operational and
capital cost, as a result of which, the market has been poised for growth and development during the forecast period.
The Naval Gun Systems market is expected to grow at a CAGR of 4%.
Taste the market data and market information presented through more than 40 market data tables and figures spread
over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on
“Global Naval Gun Systems Market Research Report -Forecast to 2023”.
Naval gun system refers to the weapons which are mounted on the smaller crafts and submarines and surface
combatant warships. The significant development in technology in the market has led to the reduced capital and
operational cost, which promotes the development and growth of the market across the globe.
The naval gun system market has witnessed a tectonic surge over the past few years due to the surging average
defense budget coupled with the growing terrorist and cross border threats. The significant advancements in
technology in naval gun system has led to the reduced capital and operational cost which promotes the growth of the
market during the assessment period. The augmenting procurement of naval gun systems is anticipated to attract
investments in the market across the globe. As per a recent study, China is likely to have the world’s most powerful
naval gun by the end of 2025. According to US intelligence report, the warship mounted electromagnetic railgun is
anticipated to enter China’s arsenal by latest 2025.
On the contrary, the high price of such naval gun systems might impair the market growth in the coming years.
Segmentation:
The global naval gun system market has been segmented on the basis of type.
Electronic warfare, C4ISR, and weapon comprises the type-segmentation of the global naval gun system market.
C4ISR refers to Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance.
Electronic warfare is an action which involves the utilization of the electromagnetic spectrum or directed energy in
order to block enemy assaults, attack an enemy, and control the spectrum.
Regional Analysis:
Geographically, the naval gun system market has been studied under regions namely, Europe, North America, Asia
Pacific, and the Middle East & Africa.
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Naval Gun System Market Research Report - Global Forecast till 2025
Considering the global scenario, the North American region is anticipated to dominate the global naval gun system
market due to the presence of established market players. The surging investment in R&D activities has led to the
development of an aggressive technology development and its adoption which has further promoted the market
growth in this region. The U.S.A. and Canada are the two most important country-based markets in this region.
The U.S.A. being the largest spender on military in the entire world, contributes to the growth of the market.
Europe and the Asia Pacific regions are anticipated to be the emerging nations in military training and simulation
market. The government aided researches in the defense sectors, high population density, and advancing
technology are some of the major factors assisting in the growth of the market in both the regions. India, Japan,
China, and South Korea are some of the top regions in the Asia Pacific region contributing towards its growth.
Meanwhile, revenue comes from Germany, France, Spain, Italy, and U.K. in the European region. China is likely
to own the world’s most powerful naval gun, as per a report by the US intelligence. The country is presently testing
the naval gun and will be ready by the end of 2025. As per the report, railguns use electromagnetic energy in spite
of gunpowder. China is capable of aiming 124 miles away at a speed of 1.6 miles per second.
Competitive Dashboard:
The prominent players operating in the global naval gun system market comprises Bae Systems, Northrop
Grumman, Lockheed Martin, IMI, Raytheon and Thales.
Industry/ Innovation/ Related News:
May 13, 2019: The US government has recently approved the deployment of naval weaponry to the region of the
Middle East which includes the USS Arlington (LPD-24) warship along with MIM-104 Patriot missile defense
battery.
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Naval Gun System Market Research Report - Global Forecast till 2025
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Global Naval Gun System Market Research Report: Information by Platform (Large Ships, Medium Ships, and Small Ships), Weapon Type (Rail Gun and Laser Gun), Caliber Size (<100 mm, 100–200 mm, and >200 mm), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025

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