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3. Naval Communication Companies - Honeywell International Inc. (US) and General Dynamics Corporation (US)are the Key Players

The global market for Naval Communication Market is estimated to be USD 3.3 Billion in 2023 and expected to reach USD 4.3 Billion by 2028 at a CAGR of 5.3% from 2023 to 2028. The naval communication market is primarily driven by a combination of factors. Technological advancements play a significant role in shaping the market landscape. Companies invest heavily in research and development to develop cutting-edge communication systems that cater to the unique needs of naval operations. These systems include secure and reliable communication networks, advanced radios, satellite communication solutions, and command and control systems.

Major Naval Communication Companies Include:

• Honeywell International Inc. (US)
• General Dynamics Corporation (US)
• Lockheed Martin Corporation (US)
• BAE Systems plc (UK)
• Elbit Systems Ltd.(Israel)

Major manufacturers in this market are based in North America and Europe. Major focus was given to the development of new technologies due to the changing requirements of naval communication customers across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the naval communication market.

To know about the assumptions considered for the study download the pdf brochure

Honeywell International Inc.

Honeywell International Inc. operates through four business segments: Aerospace, Building Technologies, Performance Materials and Technologies (PMT), and Safety and Productivity Solutions (SPS). Avionics products are mapped under the Aerospace business segment. The company provides display systems, flight management systems, integrated flight decks, control display units, turbochargers, specialty chemicals, electronic and advanced materials, process technologies (refining and petrochemicals), productivity, management, and technical services, as well as energy-efficient goods and services for homes, companies, and transportation. Apart from the US, the company has a presence in Australia, Canada, India, Saudi Arabia, Turkey, Qatar, and Oman, among others.

General Dynamics Corporation

General Dynamics Corporation is a global aerospace & defense organization. It was formed as the parent company of Electric Boat, which had owned Canadair since 1947. The company consists of 10 business units organized into four business segments, namely Aerospace, Marine Systems, Combat Systems, and Technologies. The General Dynamics Technologies segment provides a range of advanced technological solutions and services in communication, mission support services, command & control, and surveillance & security. The company had about 106,500 employees globally working for them in 2022.

Lockheed Martin Corporation

Lockheed Martin Corporation is a global security and aerospace company that researches, designs, develops, and manufactures advanced technology systems, products, and services. Nearly 70% of its revenue comes from the US, primarily through government contracts. The company operates in four business segments, namely Aeronautics, Missiles & Fire Control (MFC), Rotary & Mission Systems (RMS), and Space. The space segment designs, develops, and manufactures satellites, space transportation systems, and global ground systems, which help in stabilized network connectivity and data gathering. In 2022, the company had a workforce of 116,000 worldwide.

BAE Systems plc

BAE Systems plc specializes in developing products and solutions that enhance the efficiency, flexibility, and economy of marine systems. The company operates through five business segments, namely Air, Electronic Systems, Platforms & Services, Maritime, and Cyber & Intelligence. It offers a wide range of products in marine solutions, from propulsion, power distribution, and drive technology to automation systems and all types of vessels. The company offers products and services such as command & control, communications, ground station services, and antennas, among others. In 2022, it had 90,000 employees working in more than 40 countries.

Elbit System Ltd.

Elbit System Ltd. is an international company engaged in defense, homeland, and commercial electronics. It has more than 17,000 employees globally, operating in aerospace, communications, unmanned aircraft systems, naval and land systems, computers, and electronic warfare suites, among others. The company has a variety of C4I and cyber intelligence systems in its portfolio that offer networked combat solutions for military fighters, intelligence services, homeland security forces, law enforcement agencies, and first responders

Related Reports:

Naval Communication Market by Platform (Ships, Submarines, Unmanned Systems), System Technology (Naval Satcom Systems, Naval Radio Systems, Naval Security Systems and Communication Management Systems), Application and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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