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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1461177

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1461177

Global Naval Gun Market Size Study & Forecast, by Technology, by Caliber, by Platform, by Component, and Regional Analysis, 2023-2030

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Global Naval Gun Market is valued at approximately USD 2.41 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.2% during the forecast period 2023-2030. A naval gun is a large-caliber firearm mounted on a naval vessel, designed for maritime combat. These guns serve various purposes, including engaging surface targets, providing fire support during amphibious operations, and defending against airborne threats. Naval guns are equipped with advanced targeting systems ranging from small-caliber guns for the close defense to larger ones with extended-range capabilities. They evolved with technology incorporating features such as rapid-fire, precision targeting, and the ability to launch different types of ammunition. The primary benefits of the gun are its versatile deployment capabilities against various targets including aerial, sea, and coastal threats, coupled with its swift reaction time crucial for engaging unexpected targets. Other significant advantages encompass its compact size and weight, potential for modular arrangement to suit diverse surface vessels, and absence of dead zones in engagements. These guns contribute to the defense and offensive capabilities of naval fleets crucial in naval warfare. The soaring demand for Electromagnetic (EM) railguns over conventional guns, growing investment in military modernization programs, and increasing defense budgets allocated by governments are the most prominent factors that are propelling the market demand across the globe.

In addition, the rise in focus on the upgradations in existing naval guns and ammunition is exhibiting a positive influence on the demand for naval guns at a substantial rate. The declining capabilities of current seaborne guns have spurred a shift in approach, necessitating enhancements to combat advanced air threats from aircraft and missiles. Advancements in medium-caliber guns, featuring lightweight designs, high rates of fire, and extended ranges, offer versatile applications across multiple roles. Improvements in shipborne antiaircraft fire, including enhanced range effectiveness, more destructive projectiles, increased firing rates, and automated shooting control are poised to bolster naval artillery. Furthermore, innovations in ammunition offer cost-efficient methods to counter ballistic missile threats. For instance, in March 2023, the U.S. Department of Defense and BAE Systems collaborated on developing a Hypervelocity Projectile (HVP) for the U.S. military and allied forces. This projectile enhances the lethality and effectiveness of current and forthcoming weapon systems, facilitating technology expansion while minimizing development, production, and overall ownership expenses. These advancements are poised to stimulate growth within the global Naval Gun Market. Moreover, the rise in geopolitical tensions and security threats, as well as the expansion of maritime trade activities presents various lucrative opportunities over the forecast years. However, the high cost of handling guns and ammunition, along with the technological complexities associated with naval guns are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Naval Gun Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising geopolitical tensions and territorial disputes, increased acquisition of small and large caliber guns, and a surge in naval modernization programs. Furthermore, the adoption of remote weapon systems incorporating artificial intelligence for superior target acquisition further propels regional market expansion. Whereas, North America is expected to grow at a significant CAGR over the forecast years. The growing investments in naval vessels and naval weapons systems, coupled with the reinforcement of naval capabilities are significantly propelling the market demand across the region. For instance, in October 2021, BAE Systems secured a contract with the U.S. Navy for technical support and the delivery of two Mk 110s to the USS Constellation (FFG 62) and USS Congress (FFG 63). The new Constellation-class multi-mission Mk 110-gun system, internationally recognized as the Bofors 57 Mk 3, serves as the preferred deck gun for the Constellation class.

Major market players included in this report are:

  • BAE Systems plc (U.K.)
  • Bharat Heavy Electricals Limited (BHEL) (India)
  • Leonardo S.p.A. (Italy)
  • Lockheed Martin Corporation (U.S.)
  • MBDA (France)
  • Northrop Grumman Corporation (U.S.)
  • Raytheon Technologies Corporation (U.S.)
  • Rheinmetall AG (U.S.)
  • SAAB AB (Sweden)
  • Thales Group (France)

Recent Developments in the Market:

  • In November 2023, the Ministry of Defense granted a contract to M/s Bharat Heavy Electricals Limited (BHEL) to acquire 16 Upgraded Super Rapid Fire Gun Mounts (SRGM) and associated equipment/accessories for the Indian Navy, categorized under the Purchase (India) classification. Produced by M/s BHEL at its Haridwar facility, the enhanced SRGM represents a medium caliber missile/aircraft point defense weapon system renowned for its sustained rate of fire and exceptional accuracy.
  • In November 2023, MKE delivered the initial domestically manufactured 76mm gun to the Turkish Navy. The agreement signed between MKE and Turkish defense authorities encompassed the outfitting of ships 6, 7, and 8 (I-class frigates 2, 3, and 4) under the MILGEM project with the advanced 76mm gun.
  • In February 2023, BAE Systems, Inc. secured a contract to outfit the Royal Navy's Type 26 frigates with five Mk 45 Maritime Indirect Fire Systems (MIFS). The system integrates a 62-caliber 5-inch Mk 45 Mod 4A gun system with the advanced fully automatic ammunition handling system "AHS." The contract's total value amounted to approximately USD 219 million.
  • In June 2022, the Police and Coast Guard (PCG) undertook the refurbishment of three types of patrol vessels to enhance their capacity in addressing threats within Singapore waters. These vessels, replacing older models, are integral components of the patrol fleet safeguarding Singapore's coastline. The new PT-class patrol boat is equipped with a stabilized gun system, empowering officers to intercept enemy targets more accurately during pursuit operations.

Global Naval Gun Market Report Scope:

  • Historical Data - 2020 - 2021
  • Base Year for Estimation - 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Technology, Caliber, Platform, Component, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

  • Fully Automatic
  • Semi-automatic

By Caliber:

  • Below 50 mm
  • 50 - 100 mm
  • Above 100 mm

By Platform:

  • Large Surface Combatants
  • Small Surface Combatants

By Component:

  • Turret System
  • Radar System
  • Tracking System
  • Ammunition Drum
  • Others

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Table of Contents

Chapter 1.Executive Summary

  • 1.1.Market Snapshot
  • 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
    • 1.2.1.Naval Gun Market, by Region, 2020-2030 (USD Billion)
    • 1.2.2.Naval Gun Market, by Technology, 2020-2030 (USD Billion)
    • 1.2.3.Naval Gun Market, by Caliber, 2020-2030 (USD Billion)
    • 1.2.4.Naval Gun Market, by Platform, 2020-2030 (USD Billion)
    • 1.2.5.Naval Gun Market, by Component, 2020-2030 (USD Billion)
  • 1.3.Key Trends
  • 1.4.Estimation Methodology
  • 1.5.Research Assumption

Chapter 2.Global Naval Gun Market Definition and Scope

  • 2.1.Objective of the Study
  • 2.2.Market Definition & Scope
    • 2.2.1.Industry Evolution
    • 2.2.2.Scope of the Study
  • 2.3.Years Considered for the Study
  • 2.4.Currency Conversion Rates

Chapter 3.Global Naval Gun Market Dynamics

  • 3.1.Naval Gun Market Impact Analysis (2020-2030)
    • 3.1.1.Market Drivers
      • 3.1.1.1.Increasing defense budgets allocated by governments
      • 3.1.1.2.Rising focus on the upgradations in existing naval guns and ammunition
    • 3.1.2.Market Challenges
      • 3.1.2.1.High cost of handling guns and ammunition
      • 3.1.2.2.Technological complexities associated with naval gun
    • 3.1.3.Market Opportunities
      • 3.1.3.1.Rise in the geopolitical tensions and security threats
      • 3.1.3.2.Expansion of maritime trade activities

Chapter 4.Global Naval Gun Market Industry Analysis

  • 4.1.Porter's 5 Force Model
    • 4.1.1.Bargaining Power of Suppliers
    • 4.1.2.Bargaining Power of Buyers
    • 4.1.3.Threat of New Entrants
    • 4.1.4.Threat of Substitutes
    • 4.1.5.Competitive Rivalry
  • 4.2.Porter's 5 Force Impact Analysis
  • 4.3.PEST Analysis
    • 4.3.1.Political
    • 4.3.2.Economical
    • 4.3.3.Social
    • 4.3.4.Technological
    • 4.3.5.Environmental
    • 4.3.6.Legal
  • 4.4.Top investment opportunity
  • 4.5.Top winning strategies
  • 4.6.COVID-19 Impact Analysis
  • 4.7.Disruptive Trends
  • 4.8.Industry Expert Perspective
  • 4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Naval Gun Market, by Technology

  • 5.1.Market Snapshot
  • 5.2.Global Naval Gun Market by Technology, Performance - Potential Analysis
  • 5.3.Global Naval Gun Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
  • 5.4.Naval Gun Market, Sub Segment Analysis
    • 5.4.1.Fully Automatic
    • 5.4.2.Semi-automatic

Chapter 6.Global Naval Gun Market, by Caliber

  • 6.1.Market Snapshot
  • 6.2.Global Naval Gun Market by Caliber, Performance - Potential Analysis
  • 6.3.Global Naval Gun Market Estimates & Forecasts by Caliber 2020-2030 (USD Billion)
  • 6.4.Naval Gun Market, Sub Segment Analysis
    • 6.4.1.Below 50 mm
    • 6.4.2.50 - 100 mm
    • 6.4.3.Above 100 mm

Chapter 7.Global Naval Gun Market, by Platform

  • 7.1.Market Snapshot
  • 7.2.Global Naval Gun Market by Platform, Performance - Potential Analysis
  • 7.3.Global Naval Gun Market Estimates & Forecasts by Platform 2020-2030 (USD Billion)
  • 7.4.Naval Gun Market, Sub Segment Analysis
    • 7.4.1.Large Surface Combatants
    • 7.4.2.Small Surface Combatants

Chapter 8.Naval Gun Market, by Component

  • 8.1.Market Snapshot
  • 8.2.Global Naval Gun Market by Component, Performance - Potential Analysis
  • 8.3.Global Naval Gun Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
  • 8.4.Naval Gun Market, Sub Segment Analysis
    • 8.4.1.Turret System
    • 8.4.2.Radar System
    • 8.4.3.Tracking System
    • 8.4.4.Ammunition Drum
    • 8.4.5.Others

Chapter 9.Global Naval Gun Market, Regional Analysis

  • 9.1.Top Leading Countries
  • 9.2.Top Emerging Countries
  • 9.3.Naval Gun Market, Regional Market Snapshot
  • 9.4.North America Naval Gun Market
    • 9.4.1.U.S. Naval Gun Market
      • 9.4.1.1.Technology breakdown estimates & forecasts, 2020-2030
      • 9.4.1.2.Caliber breakdown estimates & forecasts, 2020-2030
      • 9.4.1.3.Platform breakdown estimates & forecasts, 2020-2030
      • 9.4.1.4.Component breakdown estimates & forecasts, 2020-2030
    • 9.4.2.Canada Naval Gun Market
  • 9.5.Europe Naval Gun Market Snapshot
    • 9.5.1.U.K. Naval Gun Market
    • 9.5.2.Germany Naval Gun Market
    • 9.5.3.France Naval Gun Market
    • 9.5.4.Spain Naval Gun Market
    • 9.5.5.Italy Naval Gun Market
    • 9.5.6.Rest of Europe Naval Gun Market
  • 9.6.Asia-Pacific Naval Gun Market Snapshot
    • 9.6.1.China Naval Gun Market
    • 9.6.2.India Naval Gun Market
    • 9.6.3.Japan Naval Gun Market
    • 9.6.4.Australia Naval Gun Market
    • 9.6.5.South Korea Naval Gun Market
    • 9.6.6.Rest of Asia Pacific Naval Gun Market
  • 9.7.Latin America Naval Gun Market Snapshot
    • 9.7.1.Brazil Naval Gun Market
    • 9.7.2.Mexico Naval Gun Market
  • 9.8.Middle East & Africa Naval Gun Market
    • 9.8.1.Saudi Arabia Naval Gun Market
    • 9.8.2.South Africa Naval Gun Market
    • 9.8.3.Rest of Middle East & Africa Naval Gun Market

Chapter 10.Competitive Intelligence

  • 10.1.Key Company SWOT Analysis
  • 10.2.Top Market Strategies
  • 10.3.Company Profiles
    • 10.3.1.BAE Systems plc (U.K.)
      • 10.3.1.1.Key Information
      • 10.3.1.2.Overview
      • 10.3.1.3.Financial (Subject to Data Availability)
      • 10.3.1.4.Product Summary
      • 10.3.1.5.Recent Developments
    • 10.3.2.Bharat Heavy Electricals Limited (BHEL) (India)
    • 10.3.3.Leonardo S.p.A. (Italy)
    • 10.3.4.Lockheed Martin Corporation (U.S.)
    • 10.3.5.MBDA (France)
    • 10.3.6.Northrop Grumman Corporation (U.S.)
    • 10.3.7.Raytheon Technologies Corporation (U.S.)
    • 10.3.8.Rheinmetall AG (U.S.)
    • 10.3.9.SAAB AB (Sweden)
    • 10.3.10.Thales Group (France)

Chapter 11.Research Process

  • 11.1.Research Process
    • 11.1.1.Data Mining
    • 11.1.2.Analysis
    • 11.1.3.Market Estimation
    • 11.1.4.Validation
    • 11.1.5.Publishing
  • 11.2.Research Attributes
  • 11.3.Research Assumption

LIST OF TABLES

  • TABLE 1.Global Naval Gun Market, report scope
  • TABLE 2.Global Naval Gun Market estimates & forecasts by Region 2020-2030 (USD Billion)
  • TABLE 3.Global Naval Gun Market estimates & forecasts by Technology 2020-2030 (USD Billion)
  • TABLE 4.Global Naval Gun Market estimates & forecasts by Caliber 2020-2030 (USD Billion)
  • TABLE 5.Global Naval Gun Market estimates & forecasts by Platform 2020-2030 (USD Billion)
  • TABLE 6.Global Naval Gun Market estimates & forecasts by Component 2020-2030 (USD Billion)
  • TABLE 7.Global Naval Gun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 8.Global Naval Gun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 9.Global Naval Gun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 10.Global Naval Gun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 11.Global Naval Gun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 12.Global Naval Gun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 13.Global Naval Gun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 14.Global Naval Gun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 15.Global Naval Gun Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 16.Global Naval Gun Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 17.U.S. Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 18.U.S. Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 19.U.S. Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 20.Canada Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 21.Canada Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 22.Canada Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 23.UK Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 24.UK Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 25.UK Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 26.Germany Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 27.Germany Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 28.Germany Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 29.France Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 30.France Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 31.France Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 32.Italy Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 33.Italy Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 34.Italy Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 35.Spain Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 36.Spain Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 37.Spain Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 38.RoE Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 39.RoE Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 40.RoE Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 41.China Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 42.China Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 43.China Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 44.India Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 45.India Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 46.India Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 47.Japan Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 48.Japan Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 49.Japan Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 50.South Korea Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 51.South Korea Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 52.South Korea Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 53.Australia Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 54.Australia Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 55.Australia Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 56.RoAPAC Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 57.RoAPAC Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 58.RoAPAC Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 59.Brazil Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 60.Brazil Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 61.Brazil Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 62.Mexico Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 63.Mexico Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 64.Mexico Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 65.RoLA Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 66.RoLA Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 67.RoLA Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 68.Saudi Arabia Naval Gun Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 69.South Africa Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 70.RoMEA Naval Gun Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 71.List of secondary sources, used in the study of global Naval Gun Market
  • TABLE 72.List of primary sources, used in the study of global Naval Gun Market
  • TABLE 73.Years considered for the study
  • TABLE 74.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

  • FIG 1.Global Naval Gun Market, research methodology
  • FIG 2.Global Naval Gun Market, Market estimation techniques
  • FIG 3.Global Market size estimates & forecast methods
  • FIG 4.Global Naval Gun Market, key trends 2022
  • FIG 5.Global Naval Gun Market, growth prospects 2023-2030
  • FIG 6.Global Naval Gun Market, porters 5 force model
  • FIG 7.Global Naval Gun Market, pest analysis
  • FIG 8.Global Naval Gun Market, value chain analysis
  • FIG 9.Global Naval Gun Market by segment, 2020 & 2030 (USD Billion)
  • FIG 10.Global Naval Gun Market by segment, 2020 & 2030 (USD Billion)
  • FIG 11.Global Naval Gun Market by segment, 2020 & 2030 (USD Billion)
  • FIG 12.Global Naval Gun Market by segment, 2020 & 2030 (USD Billion)
  • FIG 13.Global Naval Gun Market by segment, 2020 & 2030 (USD Billion)
  • FIG 14.Global Naval Gun Market, regional snapshot 2020 & 2030
  • FIG 15.North America Naval Gun Market 2020 & 2030 (USD Billion)
  • FIG 16.Europe Naval Gun Market 2020 & 2030 (USD Billion)
  • FIG 17.Asia pacific Naval Gun Market 2020 & 2030 (USD Billion)
  • FIG 18.Latin America Naval Gun Market 2020 & 2030 (USD Billion)
  • FIG 19.Middle East & Africa Naval Gun Market 2020 & 2030 (USD Billion)

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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