Naval Navigation And Communication System Market Summary
As per MRFR analysis, the Naval Navigation and Communication System Market was estimated at 26.77 USD Billion in 2024. The Naval Navigation and Communication System industry is projected to grow from 27.77 USD Billion in 2025 to 40.01 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.72 during the forecast period 2025 - 2035.
Key Market Trends & Highlights
The Naval Navigation and Communication System Market is poised for substantial growth driven by technological advancements and increasing defense budgets.
- Technological integration is enhancing the capabilities of naval navigation systems, particularly in North America, which remains the largest market.
- The focus on cybersecurity is intensifying as threats evolve, especially in the rapidly growing Asia-Pacific region.
- Interoperability among forces is becoming crucial, with navigation systems leading the market while surveillance systems are experiencing the fastest growth.
- Rising defense budgets and geopolitical tensions are key drivers, fostering advancements in both navigation and search and rescue segments.
Market Size & Forecast
| 2024 Market Size | 26.77 (USD Billion) |
| 2035 Market Size | 40.01 (USD Billion) |
| CAGR (2025 - 2035) | 3.72% |
Major Players
Lockheed Martin (US), Raytheon Technologies (US), Northrop Grumman (US), Thales Group (FR), BAE Systems (GB), Leonardo S.p.A. (IT), General Dynamics (US), Harris Corporation (US), Kongsberg Gruppen (NO), Elbit Systems (IL)
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