海军战斗系统的全球市场:各类型(电子战、C4ISR)、地区 - 市场预测及分析(2018年～2023年)
Naval Combat Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Naval Combat Systems Market is forecasted to grow from USD 29 billion in 2020 to USD 38.95 billion in 2030, witnessing a CAGR of 2.69% during the forecast period (2021-2030).
The COVID-19 pandemic has resulted in several supply chain constraints on a global scale which has escalated the cost of acquisition for several naval programs. With shipyard workers being exposed to COVID-19 infection, the overall attendance declined by 50% during the peak of the pandemic, which resulted in the extension of deadlines for the completion of several shipbuilding programs. Besides, marine vessels are prone to uncertain breakdowns due to the extreme complexity of the integrated systems that may result in unplanned work for the shipyards. On this note, the electrical failure onboard the CVN 75 resulted in an extra three months of repairs to the ship's availability schedule that resulted in the subsequent delay in the repair schedule of USS Abraham Lincoln. For instance, the US Navy's shipyards were able to complete only 38 out of 51 maintenance orders for aircraft carriers and submarines during 2015-2019 and as per the August 2020 report of the US Government Accountability Office (GAO), the effects of COVID-19 are expected to exacerbate the carrier and submarine maintenance delays that already plague the US Navy shipyards.
The Naval Combat Systems Market is driven by the demand for new naval vessels as a result of the envisioned and ongoing fleet modernization programs of the global armed forces. However, the inherent capital-intensive nature of the industry due to the high associated cost of R&D, and the recent COVID-19 induced disruption in the global supply chain are some of the factors that hinder the growth of the market in focus during the forecast period.
The C4ISR segment is expected to register a high CAGR during the forecast period. C4ISR is a combination of technologies like C2 systems for command and control, SDR, satellites, and other portable devices for communication. Integrated C4ISR systems are gaining significant acceptance in the market, and their use is likely to increase in the next five years. C4ISR systems are now being adopted widely for maritime patrolling. SIGINT and ISR activities are also increasing in naval operations. The defense sector is also increasingly turning to SATCOM for efficient communication. Another trend in the market is the growing use of UUVs in ISR activities to perform surveillance stealthily. This is also propelling the growth of the segment.
Currently, North America is the largest market in the naval combat systems market. The region is a prime manufacturing hub and the largest market for naval subsystems. The United States is the main market in the region currently. However, the demand in the United States is expected to be mostly replacement demand, as the equipment becomes obsolete. Thus, the growth from the region is expected to be slow. However, Asia-Pacific is expected to foresee significant growth during the forecast period, due to various conflicts and tensions in the regions. Tensions in the Arabian Sea, the Indian Ocean, and the South China Sea are influencing the navies of the countries, like India, Pakistan, China, Japan, South Korea, to procure advanced naval combat systems, thereby propelling the growth of the market.
Some of the prominent players in the market are BAE Systems PLC, Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, and General Dynamics Corporation. Many players in the market are working together to develop advanced and innovative combat systems for various militaries worldwide. This is expected to help the technology transfer and enhance the mission capabilities due to the integration of different spheres of technologies in the end product. For instance, companies, like Saab AB, BAE Systems PLC, and Lockheed Martin Corporation, are working together to deliver a combat system integration for the Hunter class frigates to Australia. Such partnerships are expected to help the growth of the market and revenues simultaneously for each of the players during the forecast period.