Naval Gun System Market Synopsis
Naval Gun System Market Size Was Valued at USD 7.88 Billion in 2023, and is Projected to Reach USD 11.84 Billion by 2032, Growing at a CAGR of 4.63% From 2024-2032.
A naval gun is artillery hooked up on a warship, at the beginning used simplest for naval war after which eventually used for shore bombardment and anti-aircraft roles. The period usually refers to tube-released projectile-firing guns and excludes self-propelled projectiles including torpedoes, rockets, and missiles, and people genuinely dropped overboard including intensity costs and naval mines.
- Naval Guns are generally categorized through Caliber (diameter of the bore), Calibers (duration of the barrel defined in multiples of the diameter of the bore), and a Model or Reference designation. Some countries encompass an amendment designation to suggest a extrude from the authentic design. For example, the USN sixteen"/50 Mark 7 Mod zero method that the gun changed into evolved through the Navy of America, has a bore sixteen inches (40. sixty-four cm) in diameter, a barrel duration of sixteen x 50 inches = 800 inches (20.320 m) lengthy and is the 7th model of the sixteen-inch gun without a change to the authentic Mark 7 design. The manner barrel duration is measured may also fluctuate among countries and now and again gun types.
- Naval guns are essential on a warship and are more and more turning into superior and powerful. Furthermore, weapons and ammunition are getting smarter and deadlier, as well. They are not a conventional mounting on a ship, but an absolute necessity. In the twenty-first century, the missiles commenced changing naval weapons in numerous roles, however now we will examine that naval weapon have commenced changing missiles to a big quantity in lots of roles. Thus, its miles are anticipated to increase in the naval gun system market throughout the forecast period.
Naval Gun System Market Trend Analysis
The Increasing Procurement of Naval Guns
- The factors accountable for the increase of the naval gun system market are the expanded average defense budget, growing pass border threats, and growing procurement of naval guns. The sizeable technological improvement withinside the naval gun system market has ended in decreased operational and capital costs. For instance, BAE Systems signed a settlement with American Navy to offer modernized Mk 45 weapons. The Mk 45 is the lightest, maximum compact naval gun and is maximum extensively deployed withinside the US Navy and different allied navies. Similarly, Thales Group signed a settlement with the French Navy to offer help for all deployment contexts together with 12.7 mm and 20 mm weapons and different weapons.
- The use of naval guns has been growing because of the graduation of World War II and has been dominating the naval industry. Naval weapons are used for numerous functions along with anti-piracy, caution shots, shore bombardment, floor warfare, anti-air warfare, and Littoral warfare. The improvement of the superior missile era has led it to be expensive; because of this, the recognition of the missile era is declining.
- Guns are being favored over missiles as a result of their cost-effectiveness and a big variety of rounds available. Furthermore, gun shells can't be shot down via way of means of missiles, and digital jamming and decoys are vain towards weapons. Moreover, they could interact with goals extraordinarily near the ship. The emergence of sort of radar, optronic, and IR sensors to manual gunfire is anticipated to enhance the effectiveness and accuracy of gunfire.
Technological Momentum and Expenditure on Safety Measures Create an Opportunity for Naval Gun System Market
- Technological momentum and expenditure on safety measures offer lucrative opportunities for market growth. Furthermore, the naval gun has moved toward a general-motive position with the present-day traits main to medium caliber, lighter weight, the quicker fee of hearthplace, and stronger longer-variety ammunition.
- As generation advances, the gun mount weight gets in addition decreased and the fee of hearthplace enhanced. The general-cause naval gun will remain in use for anti-surface, anti-aircraft, anti-missile, and naval gunfire help roles albeit with a good deal smarter munitions. The above traits suggest that the naval gun is outwardly now no longer going to be discarded in prefer of the missiles in close to future, as a minimum now no longer till the missiles emerge as fee useful as compared to the naval gun.
Naval Gun System Market Segment Analysis:
Naval Gun System Market Segmented based on type, Platform, Caliber Size, application.
By Type, Rail Gun segment is expected to dominate the market during the forecast period.
- The Naval Gun System market is witnessing a significant dominance of the Rail Gun segment by type. Rail guns represent a revolutionary advancement in naval artillery, utilizing electromagnetic technology to launch projectiles at incredibly high velocities. The superiority of rail gun systems lies in their ability to achieve hypersonic speeds and extended ranges compared to traditional naval guns.
- The Rail Gun segment's dominance can be attributed to several factors. Rail guns offer enhanced firepower, allowing navies to engage targets with unprecedented precision and effectiveness. The electromagnetic propulsion system eliminates the need for explosive propellants, reducing logistical challenges and enhancing safety. Moreover, rail guns contribute to a lower cost-per-shot, making them economically attractive for naval forces.
By Application, Air Force segment held the largest share of 44.56% in 2023
- The dominance of the Air Force segment in the Naval Gun System Market can be attributed to several key factors. Modern air warfare strategies often involve integrated and joint operations, where Air Force capabilities play a crucial role in ensuring air superiority and supporting ground and naval forces. Naval gun systems integrated into Air Force platforms, such as fighter jets and strategic bombers, enhance the overall firepower and versatility of these aircraft.
- Additionally, the increasing importance of littoral and amphibious operations has led to a greater emphasis on precision strike capabilities, where naval guns on Air Force platforms can effectively engage both land and maritime targets. The ability to project power across multiple domains strengthens the strategic value of the Air Force segment in naval operations.
Naval Gun System Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- North America is anticipated to dominate the worldwide naval gun system market, especially due to the existence of mounted market players in this region. Additionally, funding in studies and improvement with inside the North American place has ended in competitive technological improvement and its adoption, contributing to speedy increase on this place. In addition, the place is a top production hub and the most important marketplace for naval subsystems. The United States is the primary market withinside the place currently.
- Asia-Pacific is expected to foresee a sizeable increase throughout the forecast period, because of numerous conflicts and tensions withinside the areas. Tensions in the Arabian Sea, the Indian Ocean, and the South China Sea are influencing the navies of countries, like India, Pakistan, China, Japan, South Korea, to procure superior naval fight systems, thereby propelling the increase of the naval gun system market.
- Europe region is predicted to be the rising country withinside the army simulation and education market. Increasing move border conflicts blended with growing terrorist sports have ended in propelling the worldwide naval gun system market. Additionally, areas have more spending on their naval protection and national safety sectors that has caused the increase of Battlefield Simulation System in the evolved countries.
Naval Gun System Market Top Key Players:
- VT Systems (United States)
- L3Harris Technologies, Inc. (United States)
- Lockheed Martin Corporation (United States)
- Northrop Grumman Corporation (United States)
- Raytheon Technologies Corporation (United States)
- General Dynamics Corporation (United States)
- BAE Systems plc (United Kingdom)
- Naval Group(France)
- Nexter Systems (France)
- MBDA France (France)
- Rheinmetall AG (Germany)
- Fincantieri (Italy)
- Leonardo S.p.A. (Italy)
- Oto Melara S.p.A. (Italy)
- SAAB AB (Sweden)
- Israel Aerospace Industries (IAI) (Israel)
- Kongsberg Gruppen (Norway)
- Norinco (China)
- CSOC (China)
- Hanwha Corporation (South Korea)
- Hyundai Heavy Industries Co., Ltd. (South Korea)
- Denel Land Systems (South Africa)
- Elbit Systems Ltd. (Israel)
- Rafael Advanced Defense Systems Ltd. (Israel)
- Abu Dhabi Ship Building (ADSB) (United Arab Emirates)
Key Industry Developments in the Naval Gun System Market:
- In September 2023, BAE Systems continued development of its 127mm High-Velocity Gun (HVG) electromagnetic railgun. they successfully completed live-fire testing of a prototype projectile, demonstrating its potential for increased range and lethality compared to traditional cannons.
- In October 2023: Leonardo DRS announced upgrades to its LaWS (Laser Weapon System), aiming for improved power output and targeting capabilities. The US Navy is planning to integrate this system onto its destroyers, marking a significant step towards operational laser weaponry.
Naval Gun System Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 7.88 Bn. |
Forecast Period 2024-32 CAGR: |
4.63% |
Market Size in 2032: |
USD 11.84 Bn. |
Segments Covered: |
By Type |
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By Platform |
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By Caliber Size |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- NAVAL GUN SYSTEM MARKET BY TYPE (2017-2032)
- NAVAL GUN SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- RAIL GUN
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- LASER GUN
- NAVAL GUN SYSTEM MARKET BY PLATFORM (2017-2032)
- NAVAL GUN SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- LARGE SHIPS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- MEDIUM SHIPS
- SMALL SHIPS
- NAVAL GUN SYSTEM MARKET BY CALIBER SIZE (2017-2032)
- NAVAL GUN SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- <100 MM
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- 100–200 MM
- >200 MM
- NAVAL GUN SYSTEM MARKET BY APPLICATION (2017-2032)
- NAVAL GUN SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- NAVY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- AIR FORCE
- LAND FORCE
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- NAVAL GUN SYSTEM Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- VT SYSTEMS (UNITED STATES)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- L3Harris Technologies, Inc. (United States)
- Lockheed Martin Corporation (United States)
- Northrop Grumman Corporation (United States)
- Raytheon Technologies Corporation (United States)
- General Dynamics Corporation (United States)
- BAE Systems plc (United Kingdom)
- Naval Group (France)
- Nexter Systems (France)
- MBDA France (France)
- Rheinmetall AG (Germany)
- Fincantieri (Italy)
- Leonardo S.p.A. (Italy)
- Oto Melara S.p.A. (Italy)
- SAAB AB (Sweden)
- Israel Aerospace Industries (IAI) (Israel)
- Kongsberg Gruppen (Norway)
- Norinco (China)
- CSOC (China)
- Hanwha Corporation (South Korea)
- COMPETITIVE LANDSCAPE
- GLOBAL NAVAL GUN SYSTEM MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Platform
- Historic And Forecasted Market Size By Caliber Size
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Naval Gun System Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 7.88 Bn. |
Forecast Period 2024-32 CAGR: |
4.63% |
Market Size in 2032: |
USD 11.84 Bn. |
Segments Covered: |
By Type |
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By Platform |
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By Caliber Size |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Naval Gun System Market research report is 2024-2032.
VT Systems (United States), L3Harris Technologies, Inc. (United States), Lockheed Martin Corporation (United States), Northrop Grumman Corporation (United States), Raytheon Technologies Corporation (United States), General Dynamics Corporation (United States), BAE Systems plc (United Kingdom), Naval Group (France), Nexter Systems (France), MBDA France (France), Rheinmetall AG (Germany), Fincantieri (Italy), Leonardo S.p.A. (Italy), Oto Melara S.p.A. (Italy), SAAB AB (Sweden), Israel Aerospace Industries (IAI) (Israel), Kongsberg Gruppen (Norway), Norinco (China), CSOC (China), Hanwha Corporation (South Korea), Hyundai Heavy Industries Co., Ltd. (South Korea), Denel Land Systems (South Africa), Elbit Systems Ltd. (Israel), Rafael Advanced Defense Systems Ltd. (Israel), Abu Dhabi Ship Building (ADSB) (United Arab Emirates) and Other Major Players.
Naval Gun System Market is segmented into Type, Platform, Caliber Size, Application and region. By Type, the market is categorized into Rail Gun, Laser Gun. By Platform, the market is categorized into Large Ships, Medium Ships, and Small Ships. By Caliber Size the market is categorized into <100 mm, 100–200 mm, >200 mm. By Application, the market is categorized into Navy, Air Force, and Land Force. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
A naval gun is artillery hooked up on a warship, at the beginning used simplest for naval war after which eventually used for shore bombardment and anti-aircraft roles. The period usually refers to tube-released projectile-firing guns and excludes self-propelled projectiles including torpedoes, rockets, and missiles, and people genuinely dropped overboard including intensity costs and naval mines.
Naval Gun System Market Size Was Valued at USD 7.88 Billion in 2023, and is Projected to Reach USD 11.84 Billion by 2032, Growing at a CAGR of 4.63% From 2024-2032.