Naval Communication Market Report: Trends, Forecast and Competitive Analysis to 2030

Naval Communication Market Report: Trends, Forecast and Competitive Analysis to 2030

Naval Communication Trends and Forecast

The future of the global naval communication market looks promising with opportunities in the command and control, intelligence surveillance and reconnaissance, and routine operation markets. The global naval communication market is expected to reach an estimated $4.7 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are rising need for cyber protection and rising use of advanced communication systems in naval operations.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Naval Communication by Segment

The study includes a forecast for the global naval communication by platform, system technology, application, and region.

Naval Communication Market by Platform [Shipment Analysis by Value from 2018 to 2030]:

• Ship
• Submarine
• Unmanned System

Naval Communication Market by System Technology [Shipment Analysis by Value from 2018 to 2030]:

• Naval Satcom System
• Naval Radio System
• Naval Security System
• Communication Management System

Naval Communication Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Command and Control
• Intelligence Surveillance and Reconnaissance (ISR)
• Routine Operation
• Others

Naval Communication Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Naval Communication Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies naval communication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the naval communication companies profiled in this report include-

• Honeywell International
• General Dynamics
• Lockheed Martin
• BAE Systems
• Elbit Systems
• Raytheon Technologies
• L3Harris Technologies
• Northrop Grumman
• SAAB
• Thales

Naval Communication Market Insights

Lucintel forecasts that ship is expected to witness the highest growth over the forecast period.

Within this market, command and control is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

Features of the Global Naval Communication Market

Market Size Estimates: Naval communication market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Naval communication market size by platform, system technology, application, and region in terms of value ($B).

Regional Analysis: Naval communication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different platforms, system technologies, applications, and regions for the naval communication market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the naval communication market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the naval communication market size?

Answer: The global naval communication market is expected to reach an estimated $4.7 billion by 2030.

Q2. What is the growth forecast for naval communication market?

Answer: The global naval communication market is expected to grow with a CAGR of 5.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the naval communication market?

Answer: The major drivers for this market are rising need for cyber protection and rising use of advanced communication systems in naval operations.

Q4. What are the major segments for naval communication market?

Answer: The future of the naval communication market looks promising with opportunities in the command and control, intelligence surveillance and reconnaissance, and routine operation markets.

Q5. Who are the key naval communication market companies?

Answer: Some of the key naval communication companies are as follows:

• Honeywell International
• General Dynamics
• Lockheed Martin
• BAE Systems
• Elbit Systems
• Raytheon Technologies
• L3Harris Technologies
• Northrop Grumman
• SAAB
• Thales

Q6. Which naval communication market segment will be the largest in future?

Answer: Lucintel forecasts that ship is expected to witness the highest growth over the forecast period.

Q7. In naval communication market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the naval communication market by platform (ship, submarine, and unmanned system), system technology (naval Satcom system, naval radio system, naval security system, and communication management system), application (command and control, intelligence surveillance and reconnaissance (ISR), routine operation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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