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 (200 mm), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025

As per a detailed analysis by Market Research Future (MRFR), the global naval gun system market is estimated to garner a CAGR of 4% during the forecast period (2017-2023). The increased average defense budget globally has been poised for the growth of the market. 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.

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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.

Segmental Analysis

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.

Competitive Dashboard

The prominent players operating in the global naval gun system market comprises Bae Systems, Northrop Grumman, Lockheed Martin, IMI, Raytheon and Thales.

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Industry Updates

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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