Global Naval Navigation and Communication Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By System;

Navigation, and Communication.

By Platform;

Submarines, Surface Ships, and Unmanned Systems.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn745845432 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Naval Navigation and Communication Systems Market (USD Million), 2020 - 2030

In the year 2023, the Global Naval Navigation and Communication Systems Market was valued at USD 2,804.50 million. The size of this market is expected to increase to USD 4,713.74 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.7%.

The Global Naval Navigation and Communication Systems Market stands at the forefront of technological advancement and strategic importance in the maritime domain. With the ever-growing complexity of naval operations and the increasing demands for maritime security, navies worldwide are investing significantly in state-of-the-art navigation and communication systems. These systems not only ensure the safe and efficient movement of naval vessels but also facilitate seamless coordination, intelligence sharing, and mission execution in diverse environments ranging from open seas to littoral waters.

The growth of this market is the emergence of advanced technologies such as satellite navigation, integrated bridge systems, and secure communication platforms. These technologies enable navies to enhance situational awareness, improve operational capabilities, and adapt to evolving threats in a dynamic maritime landscape. Additionally, the integration of artificial intelligence, machine learning, and autonomous systems is revolutionizing naval navigation and communication, enabling more efficient decision-making and resource allocation in real-time scenarios.

Geopolitical tensions, territorial disputes, and the rise of non-state actors pose significant challenges to maritime security, necessitating robust and reliable navigation and communication infrastructures. As navies modernize their fleets and expand their operational capabilities, there is a growing emphasis on interoperability, standardization, and cybersecurity within the global naval navigation and communication systems market. Collaborative initiatives, international partnerships, and joint development programs are becoming increasingly common, fostering innovation and driving the evolution of naval capabilities to address emerging threats and ensure the safety and security of maritime assets worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By System
    2. Market Snapshot, By Platform
    3. Market Snapshot, By Region
  4. Global Naval Navigation and Communication Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise of Unmanned Systems
        2. Modernization of Naval Fleets
        3. Growing Maritime Trade and Commercial Shipping
      2. Restraints
        1. Complex Procurement Processes
        2. Regulatory Compliance
        3. Budget Constraints
      3. Opportunities
        1. Enhanced Cybersecurity Measures
        2. Growing Demand for Commercial Off-the-Shelf (COTS) Solutions
        3. Interoperability and Standardization
        4. Expansion of Maritime Surveillance Capabilities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Naval Navigation and Communication Systems Market, By System, 2022 - 2032 (USD Million)
      1. Navigation
      2. Communication
    2. Global Naval Navigation and Communication Systems Market, By Platform, 2022 - 2032 (USD Million)
      1. Submarines
      2. Surface Ships
      3. Unmanned Systems
    3. Global Naval Navigation and Communication Systems Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Danelec Marine A/S
      2. Furuno Electric Co. Ltd
      3. Periskal Group
      4. Northrop Grumman Corporation
      5. Wdrtsild Corporation
      6. Raytheon Technologies Corporation
      7. FLIR Systems Inc.
      8. Safran SA
      9. Honeywell International Inc.
      10. Kongsberg Gruppen ASA
      11. Thales Group
  7. Analyst Views
  8. Future Outlook of the Market

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