6CIOReview | | DECEMBER 2022Technology is making deeper inroads into warfare, assisting the navy to become stronger and smarter. Naval forces are being equipped with technological innovations and harnessing the full potential of digital advancements.As per the findings by Expert Market Research, the global naval vessels market, which was valued at $73.4 billion in 2021, is estimated to reach $158.7 billion by 2027 at a CAGR of 13.74 percent. What powers this stellar growth is a gamut of tech trends sweeping across the naval tech arena. One such trend is the integrated electric propulsion technology which helps in the development of less noisy and low-weighing ships. Naval forces are resorting to unmanned surface vessels to address their surveillance requirements and carry out hazardous missions like surface attack, force protection, and shallow water anti-submarine warfare. Infra-red search and track technology alleviates the false alarms triggered by radars and provides an all-around situational awareness round-the-clock. The navy is also using a short range surface to surface missile, which is a cost-effective solution to incapacitate the target. These missiles can be mounted on small vessels to deliver unmatched operational flexibility to the commander. This edition of CIOReview delivers a comprehensive view of the recent developments in the naval tech arena and insights into how naval forces are aligning with these latest trends to transform legacy practices and improve outcomes.We have curated thought leadership articles from industry experts. We also took a deep dive into the market trends to narrow down the list of companies delivering robust naval tech solutions. Equipped with innovative technological capabilities, enlisted companies, such as Navsys Corporation, help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of CIOReview on naval tech helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! EditorialTapping into the Potential of Latest Naval TechnologiesJustin Smith Managing Editoreditor@cioreview.comCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewVisualizersIssac GeorgeMichael WayneDisclaimer :* Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.comCIOReviewDecember - 26 - 2022, Vol 11, Issue - 97 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com
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