Market Research Report
Littoral Warship - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||755150|
|Published||Content info||177 Pages
Delivery time: 2-3 business days
|Littoral Warship - Global Market Outlook (2017-2026)|
|Published: November 1, 2018||Content info: 177 Pages||
According to Stratistics MRC, the Global Littoral Warship market is expected to grow at a strong CAGR by 2026. 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.