Littoral Warship - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Littoral Warship Market is accounted for $XX billion in 2017 and is expected to reach $XX billion by 2026 growing at a CAGR of XX% during the forecast period. Increasing demand of force projection over the sea, national security, territorial integrity and sovereign state are the key factors fuelling the market growth. However, complexities in designing and construction are restricting the market growth.
A littoral warship is highly flexible small surface vessel. As it is appropriate to its compatible design, the littoral warship will be capable to change slower, more specialized ships such as minesweepers and larger amphibious-type attacking ships.
By Technology, radar system segment held significant market share due to rising usage to detect other ships and land obstacles, to provide bearing and distance for collision avoidance and navigation at sea. Asia Pacific is anticipated to grow at a highest CAGR during the forecast period due to the rising use of littoral warships in navy. China's navy is getting advanced and better and doing it at a speed unparalleled by any nation around the globe.
Some of the key players profiled in the Littoral Warship Market include BAE Systems, DCNS, Huntington Ingalls Industries, Fincantieri, United Shipbuilding, Lockheed Martin, Navantia, Northrop Grumman Corporation, Microchip Technology, Mazagon Dock Shipbuilders, General Atomics, Leonardo, Thales, Cochin Shipyard and Austal USA.
• Anti-Submarine Warfare System
• Propulsion System
• Missile Launching System
• Radar System
• Radar Absorbent Material
• Command and Control System
• Other Technologies
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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