Naval Combat Systems Market to Grow at 3.48% CAGR to 2021 March 2017

ReportsnReports . com adds new research report Global Naval Combat Systems Market 2017-2021 , this report covers the present scenario and the growth prospects of the global naval combat systems market for 2017-2021 . To calculate the market size , the report considers the new installations , shipments , sales , volume , value , retrofit , replacement , spares , and aftermarket services .
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Global Naval Combat Systems Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts . This report covers the market landscape and its growth prospects over the coming years . The report also includes a discussion of the key vendors operating in this market .
The following companies are the key players in the global naval combat systems market : BAE Systems , Lockheed Martin , Raytheon , Saab , and Thales . Other Prominent Vendors in the market are : General Dynamics , Harris , Israel Military Industries , L-3 Technologies , and NORTHROP GRUMMAN .
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Commenting on the naval combat systems market report , an analyst said : “ The latest trend gaining momentum in the market is open architecture combat management systems . An open architecture combat system is one where it is easy to introduce new interfaces to the system and new modes of interaction . This implies simplicity of design and connectivity with minimum cost and effect on existing system components through the use of widely accepted hardware and system software standards , standard application components , and well-defined interfaces .”
According to the naval combat systems market report , one of the major drivers for this market is development of advanced automated systems . The growing technology and investments have resulted in the evolution of many automated systems that enhance naval operational capabilities and efficiency , which is critical especially for combat ships
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Further , the naval combat systems market report states that one of the major factors hindering the growth of this market is integration difficulties . A capable shipboard combat system consists of effective sensors , fire control , ordnance , and control systems , and to make all of these work in coordination , effective combat system integration ( CSI ) is needed . Navies depend on CSI to pull together shipboard combat systems that have components supplied from different vendors / suppliers , and each component has its own specific requirement for functioning .
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