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The naval vessels market is estimated to grow by USD 82.64 billion at a CAGR of 13.5% between 2022 and 2027. The increasing investment in maritime surveillance capabilities is driven by the need to enhance maritime security, monitor illegal activities such as smuggling and piracy, and protect maritime trade routes. The increasing demand for unmanned underwater vehicles (UUVs) is driven by their ability to perform a variety of tasks, such as underwater surveillance, mine detection, and oceanographic research, without putting human operators at risk. Smart weapons are gaining traction among armed forces due to their precision, effectiveness, and ability to reduce collateral damage, leading to increased adoption and demand in the defense market.
Market Forecast 2023-2027
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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