Global Naval ISR Market 2017-2021

Overview of the global naval ISR market

Technavio’s naval ISR market analysis predicts that the global naval intelligence, surveillance, and reconnaissance (ISR) market will post a CAGR of above 3% during the forecast period. The rising production of submarines is one of the primary drivers for naval ISR 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 naval ISR market growth prospects in the future.

The development of acoustic sensors is one of the latest trends that will gain traction in the global naval ISR market. An acoustic sensor is an electronic device that can measure sound levels caused by an object such as a naval vessel. They assist in detecting the presence and range of a friendly or hostile naval vessel, by sensing the noise generated by it. One of the major defense technology companies Northrop Grumman, recently entered into a contract with the US Navy to build, test, and deliver fiber optic acoustic sensors (FOAS). The company uses the principles of the standard interferometer to detect the acoustic energy and has plans to integrate the FOAS into the light weight wide aperture array (LWWAA) system aboard the US Navy's Virginia-class submarines.

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Technavio's industry research report titled, - Global Naval ISR Market, will help you-

• Identify latent opportunities and explorative solutions in the naval ISR market
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Competitive analysis and key vendors

The global naval ISR market consists of a limited number of multinational and regional suppliers who mainly compete on the basis of the upgradation of the existing technologies involved, cost, quality, and reliability. It has been observed that the existing vendors in the market have the need to identify and reciprocate to the contemporary geopolitical situations to survive and suceed in this competitve market.

Key vendors in the market are:

• BAE Systems
• General Dynamics
• Lockheed Martin
• Raytheon
• Thales

Other prominent vendors include ATLAS ELEKTRONIK, Harris, Leonardo DRS, Northrop Grumman, and Ultra Electronics. 

Segmentation by platform type and analysis of the naval ISR market

• Surface naval vessels ISR
• Underwater naval vessels ISR

During 2016, the surface naval vessels ISR segment dominated the naval ISR market and is expected to continue its dominance over the next four years. The main contributor to the segment’s growth is the extensive utilization of surface vessels for a wide range of applications from the detection of enemy targets to surface self-defense, air defense, and surveillance of the respective water space.

Geographical segmentation and analysis of the naval ISR market

• Americas
• APAC
• EMEA

In terms of geography, the Americas led the naval ISR market during 2016 and is anticipated to continue the dominion during the forecast period. The increase in procurement of ISR systems for submarines and the installation of systems to transmit and receive real-time ISR data to improve the warfare capabilities will drive the growth of the market in this region. Countries such as the US, Canada, Mexico, and Brazil will be the major growth contributors to the market in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global naval ISR market?
• What are the key market trends impacting the growth of the global naval ISR market?
• What are the challenges to market growth?
• Who are the key vendors in the global naval ISR market?
• What are the market opportunities and threats faced by the vendors in the global naval ISR market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global naval ISR market?

Technavio also offers customization on reports based on specific client requirement.

This market research report offers insights into the market space for devices that help capture and measure the geometry of a physical object or the environment using lasers or light. The data captured by these scanners is known as point clouds, and are used by the software to produce 3D models for inspection or modification. To help clients gain a competitive edge, the global market research firm Technavio provides a comprehensive collection of industry’s market research reports on the various aspects of the aerospace and defense industry. With growing maritime conflicts across the globe, the demand for ISR devices is expected to grow exponentially in the defense sector. By studying the current market space, our analysts have identified factors that will track the competitive landscape of the ISR markets across the globe.

This comprehensive market research report provides a detailed picture of the market through extensive study, synthesis, and collection of data from multiple sources. The analysts have presented the several facets of the market with a focus on identifying the key industry influencers, by understanding the market dynamics of the major segments and comprehending the imperative trends that will affect the market in the future. The data thus presented is comprehensive, reliable, and the result of extensive research, for both qualitative and quantitative research methodologies. This research is done with the objective to help our clients achieve crucial insights about the upcoming report on the aerospace and defense industry at large.

This upcoming report on the naval ISR market also considers the growth of the related markets such as naval combat systems market and global C4ISR market, which are expected to grow at a CAGR of almost 3% and more than 4% during the period 2016 to 2020. As per Technavio’s market research analysts, the rise in the number of submarines coupled with the importance of radar and sonar systems in the operation of submarines will result in the growth of the global naval ISR market in the coming years. Additionally, to help organizations enhance their market position, Technavio also offers to present customized market research reports based on client requirements.

The upcoming industry research report for naval ISR market also identifies the key drivers, emerging trends, as well as the market challenges currently experienced by the defense sector. Moreover, it presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the aerospace and defense industry.