Naval Vessel Defense Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 5.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Naval Vessel Defense Systems Market Analysis
The naval vessel defense systems market is expected to exhibit a growth rate of more than 5% during the forecast period.
- The increasing global use of unmanned systems, stealth systems, and supersonic/hypersonic threats have exponentially increased the threat for naval vessels forcing the militaries to strengthen their naval defense capabilities. This factor is expected to drive the market growth for naval defense systems during the forecast period.
- The market for directed energy systems will see a surge in the future due to their countering aerial threats. The United States is focusing its directed energy weapons research on technologies that are ready to field. It plans to install laser defense system HELIOS (High Energy Laser and Integrated Optical-Dazzler with Surveillance) on its destroyers from as early as 2021.
Naval Vessel Defense Systems Market Trends
This section covers the major market trends shaping the Naval Vessel Defense Systems Market according to our research experts:
Missile Defense Segment had the Largest Market Share in 2019
The missile defense segment held the largest market share in 2019. Advanced naval defense systems are combining sensors, electronics, and modern weaponry to create robust missile protection. Countries such as the United States and Russia are focusing on integrated platforms to reduce infrared and radar signatures of warships that can reveal assets' positions to the enemy. Naval Missile Defense System such as Aegis, (developed by Lockheed Martin and Raytheon) is witnessing rapid adoption by countries such as the US, Japan, Canada, Spain, Norway, etc. Aegis System has introduced features such as open architecture and an open-source library capable of providing real-time data fleets in the combat area and leveraging for future improvements. The Aegis system will also propel the market for SM 3, SM 2, and SM 6 interceptor missiles for beyond and inside atmosphere interception of Intercontinental and Mid-Range ballistic missiles. Also, the demand for robust missile defense capabilities is increasing as countries try to mitigate threats for their assets on the sea. The US Naval Sea Systems Command awarded a USD 30.1 million contract to DRS Laurel Technologies in March 2020 for 59 AN/SPQ-9B missile defense system. Many naval vessel defense system manufacturers are now focusing on developing integrated missile defense systems that provide overall protection from nearly all kind of other aerial threats. For instance, the BARAK MX system developed by Israel Aerospace Industries uses BARAK MRAD, BARAK LRAD, BARAK ER missiles ranging from 35 kilometers to 150 kilometers. In addition to missile defense, it also protects aircraft (fighters, helicopters, and UAVs), cruise and ballistic missiles, and gliding bombs.
North America Expected to Dominate the Market During the Forecast Period:
In terms of geography, North America is expected to dominate the market during the forecast period, mainly due to great demand from the United States. The development of supersonic and hypersonic missiles by other countries is forcing the United States to invest in the development of existing systems and are not fully equipped to defend the country's sea-based assets in case of supersonic and hypersonic weapon attack since they function as a mere countermeasure. This reason is expected to fuel the development of more efficient and effective naval missile defense systems in the years to come. Also, the heightened tension between the US and its adversaries has led the country to develop a greater number of technologically advanced ships in water bodies around the Middle East and Europe, in addition to its territorial waters. Currently, the United States has Aegis, Phalanx, RIM-116 Rolling Airframe Missile (RAM) naval defense systems. Phalanx Close-In Weapon System uses a combination of forward-looking infrared radar (FLIR) and Ku-band radar for automatic detection and tracking of threats such as anti-ship missiles and fighter aircraft. Phalanx uses an M-61A1 Vulcan Gatling gun to fire at aerial threats at 4500 rounds per minute. The naval defense systems can be used in combination with one another. For instance, the SeaRAM missile system combines Phalanx's Close-in Weapon System and Raytheon's RAM System. By 2024, United States plans to introduce Aegis ballistic missile defense system (that combines weaponry with advanced radar systems) on 59 ships. Such procurement and deployment plans are expected to further boost the region's market growth during the forecast period.
Naval Vessel Defense Systems Industry Overview
Lockheed Martin Corporation, General Dynamics Corporation, Raytheon Technologies Corporation, BAE Systems PLC, and Northrop Grumman Corporation are some of the prominent players in the market. As the naval vessels' threats are increasing, companies are involved in the R&D efforts to produce better naval vessel defense systems. As the existing naval defense systems are optimized to shoot down objects only in low-Earth orbit but not in the upper atmosphere, the threats from the newer hypersonic weapons are increasing for the naval vessels. In this regard, a significant amount of R&D is expected to be divested for obtaining those defense capabilities. In addition, the increasing focus on directed energy weapons for the naval ships is also expected to create significant growth opportunities for the players during the forecast period. For instance, US Navy plans to install a High Energy Laser and Integrated Optical-dazzler with Surveillance (HELIOS) weapon system aboard an Arleigh Burke-class Flight IIA destroyer in 2021. Such contracts are expected to boost the market prospects for the development programs' players during the forecast period.
Naval Vessel Defense Systems Market Leaders
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Raytheon Technology Corporation
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Lockheed Martin Corporation
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Israel Aerospace Industries
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Thales Group
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General Dynamics Corporation
*Disclaimer: Major Players sorted in no particular order
Naval Vessel Defense Systems Market News
In November 2021, The French Navy multi-mission frigate (FREMM) "Alsace" entered "active duty" (admission au service actif in French) on 22 November 2021. It is the seventh Aquitaine-class FREMM overall but the first of two air-defense frigate in the FREMM DA (Frégate Européenne Multimissions de Défense Aérienne) variant.
Naval Vessel Defense Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Anti-ship and Anti-aircraft Systems
5.1.2 Anti-Submarine Warfare
5.1.3 Missile Defense
5.1.4 Anti-Torpedo and Mine Defense Systems
5.2 System
5.2.1 Threat Detection
5.2.2 Countermeasures
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle-East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Raytheon Technology Corporation
6.2.2 General Dynamics Corporation
6.2.3 Lockheed Martin Corporation
6.2.4 Israel Aerospace Industries
6.2.5 BAE Systems PLC
6.2.6 Thales Group
6.2.7 MBDA Missile Systems
6.2.8 Diehl Defence GmbH & Co. KG
6.2.9 Tactical Missile Corporation
6.2.10 Leonardo SpA
6.2.11 Rafael Advanced Defence Systems Ltd
6.2.12 Northrop Grumman Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Naval Vessel Defense Systems Industry Segmentation
The naval vessel defense system market report covers the latest trends and technological developments in the naval vessel defense market and demand forecast based on type, system, and geography. The market shares of major naval missile defense system manufacturers worldwide are also analyzed in the report.
| Type | |
| Anti-ship and Anti-aircraft Systems | |
| Anti-Submarine Warfare | |
| Missile Defense | |
| Anti-Torpedo and Mine Defense Systems |
| System | |
| Threat Detection | |
| Countermeasures |
| Geography | |||||||
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Naval Vessel Defense Systems Market Research FAQs
What is the current Naval Vessel Defense Systems Market size?
The Naval Vessel Defense Systems Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Naval Vessel Defense Systems Market?
Raytheon Technology Corporation, Lockheed Martin Corporation, Israel Aerospace Industries, Thales Group and General Dynamics Corporation are the major companies operating in the Naval Vessel Defense Systems Market.
Which is the fastest growing region in Naval Vessel Defense Systems Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Naval Vessel Defense Systems Market?
In 2024, the North America accounts for the largest market share in Naval Vessel Defense Systems Market.
What years does this Naval Vessel Defense Systems Market cover?
The report covers the Naval Vessel Defense Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Naval Vessel Defense Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Naval Vessel Defense Systems Industry Report
Statistics for the 2024 Naval Vessel Defense Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Naval Vessel Defense Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
