The Global Naval Vessels, Surface Combatants and Related MRO Market 2016-2026

The Global Naval Vessels, Surface Combatants and Related MRO Market 2016-2026

  • October 2016 •
  • 178 pages •
  • Report ID: 4275634 •
  • Format: PDF
The Global Naval Vessels, Surface Combatants and Related MRO Market 2016-2026

Summary

Global naval vessels, surface combatants, and related MRO market values US$36.3 Billion in 2016, and will grow at a CAGR of 3.42%, to value US$50.8 Billion by 2026. The cumulative market for global naval vessels, surface combatants, and related MRO will reach US$480.6 Billion over the forecast period. The demand for naval vessels and surface combatants is anticipated to be driven by high levels of expenditure by emerging economies in the Asia Pacific region, such as India and China.

In terms of segments, the naval vessels and surface combatants market is split into five segments: Aircraft Carriers, Amphibious Ships, Corvettes, Destroyers, and Frigates. During the forecast period, corvettes are expected to account for the largest share of spending, accounting for 26.9% of the overall global market. Spending in this segment will be largely driven by procurement and MRO programs in the Asia Pacific region, followed by investments in North America, Europe, and the Middle East.

The global naval vessels and surface combatants market is dominated by North America and the US is the largest spender in the sector. Overall, North America will spend US$161.5 Billion on naval vessels, surface combatants, and related MRO programs during the forecast period. Asia Pacific represents the second-largest market, with total naval vessels, surface combatants, and MRO spending valued at US$157.4 Billion over the forecast period. The region will be largely driven by MRO and upgrade programs, in addition to fresh procurements.

The report “The Global Naval Vessels, Surface Combatants and Related MRO Market 2016-2026” offers detailed analysis of the Global Naval Vessels, Surface Combatants and Related MRO Market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for naval vessels. Additionally, the report also highlights challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

- Overview: Snapshot of the naval vessels, surface combatants and related MRO market during 2016–2026, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments.
- Market Dynamics: Insights into the technological developments in the naval vessels and surface combatants market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants.
- Segment Analysis: Insights into the naval vessels and surface combatants market from a segmental perspective and a detailed analysis of factors influencing the market for each sector.
- Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region.
- Regional Analysis: Insights into the naval vessels and surface combatants market from a regional perspective and a detailed analysis of factors influencing the market for each region.
- Trend Analysis – Key Defense Market: Analysis of the key markets in each region, providing an analysis of the naval vessel segments expected to be in demand in each region.
- Key Program Analysis: Details of the top programs in each segment expected to be executed during the forecast period.
- Competitive Landscape Analysis: Analysis of competitive landscape of the global naval vessels and surface combatants industry. It provides an overview of key defense companies, together with insights such as key alliances, strategic initiatives and a brief financial analysis.

Companies mentioned in this report: Daewoo Shipbuilding & Marine Engineering, Huntington Ingalls Industries, Fincantieri, BAE Systems, Hyundai Heavy Industries, PO Sevmash, ThyssenKrupp Marine Systems AG, Thales, Lockheed Martin Corporation, ASC Pty Ltd., Damen Schelde Naval Shipbuilding (DSNS), Abu Dhabi Shipbuilding, DCNS, Navantia, General Dynamics, Austal, Mazagon Docks Limited.

Key Findings

- The global naval vessels, surface combatants, and related MRO market, valued at US$36.3 billion in 2016, is projected to grow at a CAGR of 3.42% over the forecast period period, to reach US$50.8 billion by 2026 and cumulatively value US$480.6 billion.
- The market consists of five categories: corvettes, frigates, destroyers, amphibious ships, and aircraft carriers. During 2016-2026, the market is expected to be dominated by corvettes, which will account for 26.9% of the market, followed by destroyers, frigates, amphibious ships, and aircraft carriers with shares of 23.1%, 20.2%, 15.4%, and 14.4% respectively.
- North America is forecast to dominate the global market with a share of 33.6%, followed by Asia Pacific and Europe, with shares of 32.8% and 20.9% respectively.

Synopsis

Safeguarding maritime trade from piracy, illegal infiltration, smuggling, terrorism, and arms races among rising powers in several regions are expected to drive expenditure in the naval vessels, surface combatants, and related MRO market over the forecast period. The demand for naval vessel MRO services is expected to be driven by aging naval vessels globally, technological innovations in the industry, internal and external security threats, territorial disputes, and modernization initiatives undertaken by navies across the world.

Reasons To Buy

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- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top undersea warfare systems providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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