Global Naval ISR Market to Reach $19.3 Billion by 2030
The global market for Naval ISR estimated at US$15.2 Billion in the year 2022, is projected to reach a revised size of US$19.3 Billion by 2030, growing at a CAGR of 3% over the analysis period 2022-2030. Surface Naval Vessels ISR, one of the segments analyzed in the report, is projected to record 3.3% CAGR and reach US$12.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Underwater Naval Vessels ISR segment is readjusted to a revised 2.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 2.9% CAGR
The Naval ISR market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 2.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.Select Competitors (Total 42 Featured) -
- Atlas Elektronik GmbH
- BAE Systems PLC
- General Dynamics Corporation
- Harris Corporation
- Leonardo DRS
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Thales Group
- Ultra Electronics
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Atlas Elektronik GmbH
- BAE Systems PLC
- General Dynamics Corporation
- Harris Corporation
- Leonardo DRS
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Thales Group
- Ultra Electronics
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 244 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 15.2 Billion |
Forecasted Market Value ( USD | $ 19.3 Billion |
Compound Annual Growth Rate | 3.0% |
Regions Covered | Global |