Global Naval ISR Market to Grow at a CAGR of 3.45% During the Period 2017-2021 Key Vendors - BAE Systems, General Dynamics, Lockheed Martin, Raytheon, Thales

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Albany, NY -- (SBWire) -- 10/18/2017 --The global naval ISR market is gaining momentum due to increasing maritime tensions and rapid development of high-end naval vessels by countries. As modern combats involve a greater emphasis on surveillance and intelligence and information gathering with respect to enemy movement, armed forces are largely focusing on the incorporation and integration of sophisticated and advanced sensor systems into their naval vessels.

Technavios analysts forecast the global naval ISR market to grow at a CAGR of 3.45% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global naval ISR market for 2017-2021. To calculate the market size, the report covers the market for products and technologies used for intelligence, surveillance, and reconnaissance missions with respect to naval vessel platforms; both manned and unmanned.

The market is divided into the following segments based on geography:

Global Naval ISR Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.

Key vendors
BAE Systems
General Dynamics
Lockheed Martin

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Other prominent vendors
Leonardo DRS
Northrop Grumman
Ultra Electronics

Market driver
Growing production of submarines.
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Market challenge
Rapid development of countermeasure systems.
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Market trend
Open architecture naval ISR systems.
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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