What is the current Naval Combat Systems Market size?

The Naval Combat Systems Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029) Read More

Who are the key players in Naval Combat Systems Market?

Lockheed Martin Corporation, Thales Group, General Dynamics Corporation, Raytheon Technologies Corporation and Leonardo S.p.A. are the major companies operating in the Naval Combat Systems Market. Read More

Which is the fastest growing region in Naval Combat Systems Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Naval Combat Systems Market?

In 2024, the North America accounts for the largest market share in Naval Combat Systems Market. Read More

What years does this Naval Combat Systems Market cover?

The report covers the Naval Combat Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Naval Combat Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Naval Combat Systems Market Share

Statistics for the 2023 & 2024 Naval Combat Systems market share, created by Mordor Intelligence™ Industry Reports. Naval Combat Systems share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Naval Combat Systems Industry

Some of the prominent players in the market are Leonardo S.p.A., Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, and General Dynamics Corporation. Leonardo is one of the major suppliers of weapon systems onboard naval vessel programs in countries like Canada, France, and Germany, among others. For instance, Leonardo was awarded a contract to provide four OTO 127/64 Light Weight (LW) Vulcano naval guns with the Automatic Ammunition Handling System (AAHS) as an optional solution for the new Canadian Surface Combatants (CSC) program, currently being constructed by Irving Shipbuilding Inc. 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, currently, 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. In addition to conventional weapon systems, the naval forces are integrating advanced laser weapon systems onboard a naval vessel for precise targeting. Such partnerships are expected to help the growth of the market and revenues simultaneously for each of the players during the forecast period.