Global Naval Radar Systems Market 2016-2020
- Published: Apr 2016
- Pages: 66
- SKU: IRTNTR9035
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This market research study presents a detailed segmentation of the global naval radar systems market by the key areas (the Americas, APAC, and EMEA). The leading vendors identified in the market are Finmeccanica, Lockheed Martin, Northrop Grumman, Raytheon, and Thales Group.
Outlook of the naval radar systems market
Technavio’s market research analysts have predicted the global naval radar systems market to grow moderately at a CAGR of more than 6% over the forecast period. The increasing demand for automated systems is a critical factor driving the growth of this market over the forecast period. The shipping industry handles a significant part of international trade through approximately 1000 seaports around the world. But in the recent times a rise in marine trading activities has led to a significant increase in incidents of piracy at sea. According to the International Maritime Bureau, 134 pirate attacks were reported in the first six months of 2015, showing an increase of 18 cases from the corresponding period in 2014. Such terrorist and pirate attacks have led to the evolution of advanced naval radar and surveillance systems that assist in border and maritime operations. For instance, in 2015, the Indian government introduced coastal surveillance radar systems that will support the Indian Coast Guard and the Indian Navy in boosting national security.
In this market study, the analysts have estimated factors such as the increasing use passive radars will contribute to the growth of this market in the coming years. The introduction of stealth technology in aircraft rendered them undetected by conventional radar systems. However, the emergence of the passive radar technology has overpowered the stealth technology. Unlike conventional radar systems, passive radars do not emit waves and so they cannot be blocked. The passive radars can be placed at remote locations to track flying objects at low altitudes, and therefore, are indispensable for military operations. For example, the European Aeronautic Defense and Space Company develops passive radars that can detect stealth aircraft through radiation signals emitted by mobile phone networks, radio broadcasts, or by other sources. Besides defense and naval operations, they are also used in commercial applications.
Geographical segmentation and analysis of the naval radar systems
During 2015, the Americas dominated the global naval radar systems market and accounted for close to 50% of the market share. The Americas is the largest defense spender and exporter, accounting for nearly 30% of all defense-related deals worldwide. Moreover, the funding for maritime programs witnessed a significant increase from the previous year. These factors will propel the growth prospects of this market in the Americas over the predicted period.
Competitive landscape and key vendors
The global naval radar systems market is characterized by the presence of well-diversified international and small and medium-sized vendors. The competitive environment is expected to increase in product extensions, technological innovations, and an increase in the number of contracts and mergers and acquisitions in this market.
Key vendors in this market are -
- Lockheed Martin
- Northrop Grumman
- Thales Group
Other prominent vendors analyzed in this market research report are Airbus Defense and Space, BAE Systems, General Dynamics, Israel Aerospace Industries, and Saab Group.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global naval radar systems market?
- What are the key market trends impacting the growth of the global naval radar systems market?
- What are the challenges to market growth?
- Who are the key vendors in global naval radar systems market?
- What are the market opportunities and threats faced by the vendors in the global naval radar systems market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of global naval radar systems market?
Technavio also offers customization on reports based on specific client requirement.
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Naval radar systems are designed to provide a clear picture of air and missile threats in the ocean. The systems provide backup to primary surveillance radar systems, assist in onboard tactical task functions, perform sea and short-range air surveillance, facilitate helicopter landing, and provide versatile interface capability for C-Flex and other onboard systems.
The report, global naval radar systems market, is part of Technavio’s aerospace and defense research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as aerospace, aerospace components, aerospace manufacturing, aerospace products, commercial aviation, defense, defense technology, general aviation, homeland security, maintenance repair and overhaul (MRO), and space. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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