Littoral Warship Market - Forecast(2021 - 2026)

There are various classes of ships available with navy such as littoral warships, aircraft carriers, destroyers, amphibious warships, support craft and submarines. A littoral warship is highly maneuverable small surface vessel. A littoral warship is intended to operate near shores and it is comprised of propulsion system, radar system, sonar system and weapons system.

Globally, the littoral warship market has been witnessing a relatively steady growth, which has been primarily attributed to force projection over the sea. Many countries are planning to develop the littoral warship to project their sea shores. US is the leading player in littoral warship market. Whereas China is the emerging player and is soon expected to pick up the growth.

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Market Dynamics:

The global navy ship building is driven by the factors such as national security, territorial integrity and sovereign state. National security is a concept that a government, along with its parliament(s), should protect the state and its citizens against all kind of "national" crises through a variety of power projections, such as political power, diplomacy, economic power, military might, and so on. Whereas Territorial integrity is the principle under international law that nation-states should not attempt to promote secessionist movements or to promote border changes in other nation-states. Conversely it states that imposition by force of a border change is an act of aggression.

The littoral warship sea frame is one of the major driver because of its ability to move ahead of the other ships and secure lanes of transit by deploying off board sensors. This characteristic further helps the navy in anti-submarine warfare and mine countermeasures.

Design and construction is one of the major challenges for procuring littoral warships. Navies across different countries are planning to build the sea frames of littoral warship based on the mission specific. This further increases the cost and schedule for procuring the littoral warships.

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Competitive Landscape:

The report comprises of companies operating in the global littoral warship market such as Thales, Fincantieri, BAE System, DCNS, Huntington Ingalls Industries, Navantia, Wincaton, Finmeccanica, Northrop Grumman Corporation, General Atomics, Babcock, United Shipbuilding, Cochin Shipyard and others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.



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