Strategies Adopted: In the fiercely competitive Naval Gun System market, key players deploy strategic approaches to maintain a competitive edge. Continuous investment in research and development (R&D) is crucial, allowing companies to introduce next-generation naval gun systems with enhanced range, precision, and multi-role capabilities. Strategic collaborations with naval forces, international partnerships, and alliances facilitate technology transfer and ensure the development of specialized naval gun systems tailored to specific naval operational needs. Global market expansion through participation in naval contracts, international sales, and establishing production facilities in key regions ensures a broad market reach, allowing companies to address the diverse requirements of naval forces worldwide.
Competitive Landscape of Naval Gun System Market
- BAE Systems plc (UK)
- Lockheed Martin Corporation (US)
- Raytheon Company (US)
- Saab AB (Sweden)
- Thales Group (France)
- General Dynamics Corporation (US)
- Kratos Defense & Security Solutions
- (US)
- Israel Military Industries (Israel)
- L-3 Technologies Inc. (US)
- Northrop Grumman Corporation (US)
- PIT-RADWAR S.A. (Poland)
- Bohemia Interactive Simulations (US)
- Meggitt PLC (UK)
- Boeing (US)
- Israel Aerospace Industries (Israel)
Factors for Market Share Analysis: Market share analysis in the Naval Gun System market involves considering various factors crucial to a company's competitive standing. Technical capabilities, such as the ability to offer a comprehensive range of naval gun systems covering different calibers and functionalities, play a pivotal role. Companies providing adaptable and modular naval gun solutions capable of addressing diverse threats, from anti-air warfare to naval surface fire support, are better positioned to capture a larger market share. Compliance with stringent naval standards, accuracy, and integration of advanced technologies, such as automation and fire control systems, contribute significantly to market share dynamics. Additionally, factors like life-cycle support, maintenance services, and overall cost-effectiveness influence a company's market share by enhancing the overall value proposition for naval customers.
New and Emerging Companies: While established players dominate the market, new and emerging companies are making strides in the Naval Gun System sector. Companies like Elbit Systems and DSIT Solutions are gaining recognition for their specialized naval gun solutions, often focusing on advanced fire control systems, stealth capabilities, and integration with naval sensor networks. Emerging companies often bring agility and innovative perspectives to the Naval Gun System market, introducing novel approaches and technologies that address the evolving needs of modern naval warfare.
Industry News: Recent industry news in the Naval Gun System market highlights ongoing developments and trends shaping the sector. Innovations in naval gun automation, advanced materials for barrel construction, and precision-guided munitions for naval artillery are gaining prominence. News often covers advancements in stealth technologies for naval gun systems, improving survivability and reducing detectability. Additionally, developments in naval gun integration with broader naval combat systems, enhancing situational awareness and targeting capabilities, underscore the industry's commitment to staying ahead of emerging threats and technological advancements. Industry news reflects the dynamic nature of the Naval Gun System market, with continuous efforts to improve firepower, accuracy, and overall naval operational capabilities.
Current Company Investment Trends: Investment trends in the Naval Gun System market underscore a commitment to technological innovation, modularity, and global reach. Companies are allocating substantial resources to R&D initiatives focused on advanced gun barrel materials, automation, and smart munitions. Investments in digitalization and connectivity for naval gun systems, ensuring seamless integration with naval networks, align with the defense industry's broader push towards network-centric warfare. Strategic acquisitions of technology startups, partnerships with naval research institutions, and collaborations with international defense contractors contribute to a comprehensive approach, ensuring a continuous stream of cutting-edge solutions and maintaining a competitive stance in the market.
Overall Competitive Scenario: The overall competitive scenario in the Naval Gun System market reflects a balance between established industry leaders and emerging companies that bring innovation and flexibility to the sector. Established defense contractors and naval weapon manufacturers leverage their extensive experience, global reach, and comprehensive naval gun portfolios to set industry standards. Simultaneously, emerging companies contribute to the diversification of Naval Gun System solutions, often focusing on specific applications or introducing disruptive technologies. The industry's response to evolving naval requirements, technological advancements, and the integration of advanced features into naval gun systems highlights the adaptability and resilience of Naval Gun System providers. As naval forces globally seek more advanced and versatile naval gun solutions, the Naval Gun System market is poised for continued evolution. The emphasis on technological advancements, strategic collaborations, and meeting the dynamic needs of modern naval warfare positions this market as a critical enabler for naval superiority in maritime defense operations.
Recent Development:
- Countries, including the United States, China, and Russia, are actively pursuing the development of hypersonic missiles, which can achieve speeds of Mach 5 or higher, rendering them highly challenging to intercept.
- Parallel to this, nations like the United States, China, and Russia are engaged in the advancement of directed energy weapons, including lasers and microwaves. These weapons show great potential in effectively targeting naval assets.
- Another trend in naval technology is the growing prevalence of unmanned naval systems. Unmanned Underwater Vehicles (UUVs) and Unmanned Surface Vehicles (USVs) are increasingly utilized for diverse tasks, such as minesweeping, intelligence gathering, and electronic warfare.
Naval Gun System Market Highlights:
Global Naval Gun System Market Overview
Naval Guns System Market Size was valued at USD 8.75 billion in 2022. The Naval Guns System Market is projected to grow to USD 13.34 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period (2022 - 2032).
The use of naval guns has been increasing since the commencement of World War II and has been dominating the naval industry. Naval guns are used for several purposes such as anti-piracy, warning shots, shore bombardment, surface warfare, anti-air warfare, and Littoral warfare. The development of advanced missile technology has led it to be expensive; as a result of this, the popularity of missile technology is declining. Guns are being preferred over missiles owing to their cost-effectiveness and large number of rounds available. Furthermore, gun shells cannot be shot down by missiles, and electronic jamming and decoys are useless against guns. Moreover, they can engage targets extremely close to the ship. The emergence of variety of radar, optronic, and IR sensors to guide gunfire is expected to improve the effectiveness and accuracy of gunfire. However, the shortcomings in operating performance of the naval gun systems and their high development costs are factors that are expected to hamper the growth of the market.
Naval guns are indispensable on a warship and are increasingly becoming advanced and powerful. Furthermore, guns and ammunition are becoming smarter and deadlier, as well. They are no longer a traditional mounting on a ship, but an absolute necessity. In the 21st century, the missiles started replacing naval guns in various roles, but now we can observe that naval guns have started replacing missiles to a large extent in many roles.
The factors responsible for the growth of the naval gun system market are the increased average defense budget, increasing cross border threats, and increasing procurement of naval gun. The significant technological development in the naval gun system market has resulted in reduced operational and capital costs. For instance, BAE Systems signed a contract with the US Navy to provide modernized Mk 45 guns. The Mk 45 is the lightest, most compact naval gun and is most widely deployed in the US Navy and other allied navies. Similarly, Thales Group signed a contract with the French Navy to provide support for all deployment contexts such as 12.7 mm and 20 mm guns and other weapons.
Segmentation of the Global Naval Gun System Market
Based on platform, the global market has been segmented into large ships, medium ships, and small ships. The large ships segment accounted for the largest market share in 2018 and is expected to witness the highest CAGR during the forecast period, 2022 to 2032. Increased operational usage of heavy naval guns is driving the demand for large ships in the market.
Based on weapon type, the global market has been divided into rail gun and laser gun. The rail gun segment accounted for a larger market share in 2018 and is expected to witness a higher CAGR during the forecast period owing to the widespread usage of rail gun in naval industry for naval surface warfare and land attack.
Based on caliber size, the global market has been divided into < 100 mm, 100–200 mm, and >200 mm. The < 100 mm segment dominated the market in 2018 and is expected to witness the highest CAGR during the forecast period due to the perfect balance of range and high effectiveness for attacking land targets at long range. For instance, the Italian Oto Melara, Russian Ak-176, Chinese Ak-176 are popular naval guns in this caliber size which provide them with a significant amount of firepower, engage surface and aerial targets with equal effectiveness.
Based on the region, the market has been categorized as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America held the largest market share in 2018. However, Asia-Pacific is expected to grow with the highest CAGR during the forecast period, 2022 to 2032 due to increasing terrorism incidences and border threats.
Intended Audience
- Naval gun system manufacturers
- Ship manufacturers
- Maritime companies
- Government authorities
- Research institutes
- Regulatory bodies
Recent Development
Leonardo
-
Unveiled its Vulcano 127mm naval gun at Euronaval 2022. The Vulcano is a new generation of medium-caliber gun system that offers a range of improvements over existing systems, including increased accuracy, higher rate of fire, and reduced weight.
BAE Systems
-
Completed the first live firing of its 57mm Mk110 naval gun system from a Royal Navy Type 26 frigate. The Mk110 is a new medium-caliber gun system that is designed to replace the existing 40mm Bofors gun system on Royal Navy ships.
Key Players
The key players in the global naval gun system market are BAE Systems plc (UK), Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), Thales Group (France), General Dynamics Corporation (US), Kratos Defense & Security Solutions, Inc. (US), Israel Military Industries (Israel), L-3 Technologies, Inc. (US), Northrop Grumman Corporation (US), PIT-RADWAR S.A. (Poland), Bohemia Interactive Simulations (US), Meggitt PLC (UK), Boeing (US), and Israel Aerospace Industries (Israel) .
Research Methodology
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
Secondary Research
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
Primary Research
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Key Insights
- Market sizing, forecast, and analysis: Detailed coverage of the market segment and sub-segments
- Regional/country trends and forecast: detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
- Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology trends, regulatory landscape, and patent analysis outlook
- Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
Report Customization
MRFR offers report customization to valued customers. Below are the options available for customization:
In-depth profiling of additional market players (3 to 4 companies)
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
Naval Gun System Market Highlights:
