Back to news

October 25, 2019 | Local, Naval

The Global Naval Vessels And Surface Combatants Market 2019-2029

Summary The global naval vessels and surface combatants market is valued at US$36. 7 billion in 2019, and will grow at a CAGR of 1. 97%, to reach a value of US$44. 6 billion by 2029.

New York, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "The Global Naval Vessels And Surface Combatants Market 2019-2029" - https://www.reportlinker.com/p02275942/?utm_source=GNW
The cumulative market for global naval vessels and surface combatants is anticipated to value US$429.8 billion over the forecast period. The demand for naval vessels is anticipated to be driven by high levels of expenditure by emerging economies in the Asia-Pacific region including India and China. The North American region supported by US Navy's multi-year procurement programs, is expected to maintain its leading position globally, exhibiting a steady pace of growth over the forecast period.

The global naval vessels and surface combatants market is expected to be led by North America with revenue share of 41.9%. Cumulatively, North America is projected to spend US$180.3 billion on naval vessels and surface combatants over the forecast period. In 2019, regional expenditure is expected to value US$15.1 billion and increase to US$19.0 billion by 2029, growing at a CAGR of 2.32%. Asia-Pacific will follow North America and is expected to account for 26.2% revenue share of the global naval vessels and surface combatants market over the forecast period.

Europe is anticipated to be the third-largest market globally with a revenue share of 22.2% over the forecast period, driven by the naval expansion and capability enhancement initiatives undertaken by various countries in the region. With a share of 5.5%, the market for naval vessels and surface combatants in the Middle East is projected to be the fourth largest globally.

Frigates is expected to be the largest segment in the naval vessels and surface combatants market during the forecast period. Driven by several high-value procurement programs worldwide including the US Navy's FFG(X) program, Canadian Navy's ‘Canadian Surface Combatant' program, Saudi Navy's Multi-Mission Surface Combatant program, Australian Navy's SEA 5000 (Hunter-class) program and French Navy's Intermediate Frigate (FTI) program among others; the Frigates segment is expected to account for a 28.7% revenue share of the total market over the forecast period.

Destroyers segment will follow Frigates segment with 19.6% market share. With 15.1% share, Amphibious Ships segment is anticipated to hold the third position in the global market. The growing demand for Amphibious Ships is primarily attributed to the ongoing initiatives of naval forces to develop relevant sealift capabilities. Light Combat Vessels and Corvettes segments to account for respective shares of 11.8% and 9.3%. Aircraft Carriers will account for a decent share of 8.6% over the next decade. The remaining share of 6.9% will be held by Auxiliary Vessels segment.

The report "The Global Naval Vessels And Surface Combatants Market 2019-2029", offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for naval vessels, key market trends, and challenges faced by industry participants.

In-depth analysis provides -
- Market size and drivers: detailed analysis during 2019-2029, including highlights of the demand drivers and growth stimulators.It also provides a snapshot of the spending and modernization patterns of different regions around the world
- Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of naval vessels and surface combatants segments around the world.

It also provides trends of the changing industry structure and the challenges faced by industry participants
- Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
- Major programs: details of the key programs in each segment, which are expected to be executed during 2019-2029
- Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives and financial analysis

Companies mentioned: General Dynamics, Huntington Ingalls Industries, Austal, Naval Group, Larsen & Toubro Limited (L&T), Lockheed Martin, Fincantieri SpA, BAE Systems, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd and Abu Dhabi Shipbuilding

Scope
- The global naval vessels and surface combatants market is expected to grow at a CAGR of 1.97% over the forecast period.
- The market consists of seven categories: frigates, destroyers, amphibious ships, light combat vessels, corvettes, aircraft carriers, and auxiliary vessels.
- North America will dominate the sector with a share of 26%, followed by Asia-Pacific and Europe. The frigates segment is expected to be the leading segment during the forecast period.

Reasons to buy
- Determine prospective investment areas based on a detailed trend analysis of the global naval vessels and surface combatants market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different naval vessels and surface combatants segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global naval vessels and surface combatants market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global naval vessels and surface combatants market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top naval vessels and surface combatants providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
Read the full report: https://www.reportlinker.com/p02275942/?utm_source=GNW

https://finance.yahoo.com/news/global-naval-vessels-surface-combatants-134956689.html

On the same subject

  • Canadian air chief looks to speed up up fighter buy

    November 11, 2017 | Local, Aerospace

    Canadian air chief looks to speed up up fighter buy

    DUBAI — Canada will kick start its competition for a future fighter jet in 2019 with the hopes of awarding a contract by 2021, but the head of the Royal Canadian Air Force wants the process to move as quickly as possible. “The plan right now is to have a request for proposal out to industry by 2019. we're in discussions and have been in discussions with a number of the people who are considering competing for that, and what I'd like to see is that accelerated as much as possible,” said RCAF commander Lt. Gen. Michael Hood, in an exclusive interview with Defense News. “A 2019 RFP would get us into contract probably by 2021, and certainly my advice to government is the sooner the better.” The RCAF wants to procure 88 fighter jets to replace its current inventory of aging 76 F/A-18 Hornets, which are nearing the end of their lifespans. Canada is an international participant in the F-35 joint strike fighter program and has helped pay for the development of the aircraft. But Prime Minister Justin Trudeau vowed not to procure the F-35 during his campaign, and his government has opened up the competition to industry instead of moving forward with a sole-source acquisition. The Eurofighter Typhoon, Dassault Rafale, Boeing Super Hornet and Saab's Gripen E are all projected to compete for the opportunity. To bridge the gap between its Hornet fleet and a future fighter, the RCAF initially intended to procure 18 F/A-18 Super Hornets from Boeing — a move some analysts speculated could trigger a larger procurement later on. However, the Canadian government suspended the deal due to Boeing's legal complaint against Canadian aerospace company Bombardier over its commercial business. With a Super Hornet buy unlikely as long as Boeing and Bombardier feud, and Trudeau's promise not to buy the F-35, U.S. defense experts worry that Canada could be driven into the arms of a European fighter manufacturer, thus eroding Canada's long tradition of flying U.S. jets — a move that increases the militaries' interoperability. However, Hood stated that interoperability with the United States continues to be “the most important thing to me as command of the Royal Canadian Air Force.” “Every step less of interoperability is one step less of effectiveness, so interoperability is right at the top of the list beside operational advantage,” he said. “I want the young men and women that are going to be flying fighters into harm's way to have an operational advantage, and that will be key to me in the competition that's coming.” That need for interoperability with the U.S. Air Force does not diminish the chances of European fighters, he added. Canada continues to investigate alternative ways to acquire an interim fleet of F/A-18s, including potentially buying used Hornets from Australia. However, a potential deal for Super Hornets with Boeing is still on the table, Hood said. “I think the government has been presented with the FMS case for Boeing. And as they're looking at options, that's one option,” he said. “The Australian aircraft are another, and the government has not made a decision yet.” If the RCAF moves forward with a used Hornet buy from Australia, it will have to extend the lives of the airframes, which are meeting their structural ends, Hood noted. That business would likely go to L3 Technologies, which has done life extension work on the Canadian F/A-18s in the past. But Canada would still be able to acquire the aircraft “within the next couple of years” once a decision is made. Lockheed officials have said that if Canada ultimately decided not to procure the F-35, it could end its industrial partnership with Canadian firms — which totals 110 Canadian companies with $750 million in contracts, according to Lockheed — that already help manufacture the F-35. However, asked whether Canada was concerned about losing that business, Hood demurred. “I'm not privy to the industrial aspects of our partnership with Lockheed Martin,” he said. “What I can say is Lockheed Martin is a fantastic partner for Canada and for the Royal Canadian Air Force, has been for years. We remain very, very strongly engaged both in the joint project office and helping to continue with the development of the F-35, and Canadian companies continue to bid and win on contracts with that.” https://www.defensenews.com/digital-show-dailies/dubai-air-show/2017/11/11/canadian-air-chief-the-sooner-the-better-on-fighter-acquisition/

  • PETER JENNINGS (ASPI): CANADA + AUSTRALIA IN THE INDO-PACIFIC

    September 4, 2020 | Local, Naval, Land, C4ISR

    PETER JENNINGS (ASPI): CANADA + AUSTRALIA IN THE INDO-PACIFIC

    Q: In what ways has Australia's defence policy changed in the new strategic outlook? How has China responded? Peter Jennings: Australia has a tradition of producing what we call “defence white papers” every five years or so. [This one] is essentially a policy update that will change the current direction of Australian defence thinking in significant ways—increased spending on military equipment, for example. Strategically, we are going to prioritize our immediate region— the Indo-Pacific. For the past few decades our defence force has maintained a very close operational focus on the Middle East, but I think this is relative history which won't last for very much longer. The language of the Strategic Update is cautious and, in some ways, coded. There's no question that the language employed is a result of actions taken by a more assertive China. Government thinking was largely influenced by China's increased militarization of the South China Sea. Since 2015, China's military capacity has hastily extended into Southeast Asia, up to the coast of Indonesia. This is the strategic picture our government must consider. The update has shifted the focus towards our present defence force, with an emphasis on what can be done in the near-term to increase the range and hitting power of the Australian armed forces through a significant acquisition of anti-surface and anti-air missiles. We are also identifying opportunities for domestic production of those weapons here in Australia. We will be acquiring new submarines as well, the first of which will hit the water in 2035, with construction on some models extending into 2050. That is the future defence force. The update has been well received by most of Southeast Asia, including Indonesia. This is largely because there appears to be an unspoken census in the region that China is the number one problem. A strong Australia, capable of contributing to regional security is desirable in the Indo-Pacific. I think it was well received by the Pentagon. I'm unsure whether the White House has the attention span to focus on it too much, but [our] relationship remains reliable and in good order despite [current events]. I don't know if the defence update was particularly subject to criticism from China. That is partly because there is so much Australia is doing right now that China has criticized. I think the PLA would look at this and think “That is quite a sophisticated little organization.” The ADF is only 60,000 people strong. However, it is a very high-tech force and the Chinese find that quite interesting. At a political level, there is practically nothing our government can say or do at the moment that has not received disapproval from the CCP. Q: China has warned Canada that it will face consequences for it's so called interference in Hong Kong. What kind of pressure, if any, has Australia faced for its stance on the new security law? Do you see any parallels between our relationship with China? Peter Jennings: China has increasingly employed what has been termed “Wolf warrior diplomacy”, a style exercise to create an image of a more assertive, confident, and intervening China on the global stage. There are some close similarities but also some differences between the bilateral relationships Canada and Australia share with China. Canada is nowhere near as dependent on China as Australia is for trade. Canada does have a Chinese Canadian population as part of its diaspora, but I don't think it is anywhere near the size of our own [diaspora]. That's a factor, as are our geographies. Any country that pushes back or expresses disapproval of the treatment of Uyghurs or of the national security law in Honk Kong will receive the brunt of Chinese criticism. They may also find themselves subjected to various types of coercion via trade measures, which China will not hesitate to use as an instrument of its broader foreign policy. As a democracy that advocates for human rights and the international rule of law, Canada will increasingly find itself on the sharp end of Beijing's criticism. Australia is a model for this in a way. If Canada does what it should do, i.e. ensuring its 5G network is not vulnerable to high risk vendors from China, then this too will be badly received in Beijing. Democracies around the world shave to stiffen their spines and realize that this is the world that we are in for the moment. We can't let ourselves be too spooked by the tough talk that comes out of the Ministry of Foreign Affairs, The Global Times, or any of the other instruments utilized by the CCP to express its displeasure. We are aware of the case of the two Michaels currently being detained in China on espionage charges. Right now, an Australian named Yang Hengjun is on death row in China on drug smuggling charges. I make no judgement about the accuracy of the charges, but we oppose the death penalty here in Australia so that is an issue. Frankly what we have seen is a type of hostage taking. It is designed to quell the behavior of our government when dealing with China and to create another source of leverage or coercion that the CCP can use to exert pressure on us. You cannot safely criticize the CCP, particularly inside China and get away with it. Australia will continue to look after Yang's situation, but this is the China we are dealing with now. And as was seen with the [two Michaels], China is quite openly prepared to use coercive treatments such as these to make political points against countries. Q: What steps has Australia taken to address CCP influence on Australia's China policy, political parties, and universities? Peter Jennings: We've been working on this issue for about 4-5 years now. It could be argued that Australia used to be complacent about Chinese infiltration and influence. Some may observe we've now swung hard in the other direction, though I don't necessarily agree with that. Firstly, we have modernized our espionage and anti-interference laws which had not been modified since the 1960s. There is now a process whereby covert influencing operations, once identified, can be held legally accountable. Secondly, we have created what is known as the Foreign Influence Transparency Scheme—a process whereby individuals and organizations must declare received funding from foreign sources. Particularly if that funding is used to shape and influence policy outcomes in Australia. At ASPI, we receive some funding from the United States, the Netherlands, the foreign and commonwealth office in the United Kingdom. We register those activities on the foreign influence transparency scheme. Now we are extending these practices more broadly to include universities and research institutions. Governments have, with great reluctance, put controls on the ability of political parties to receive foreign donations. We haven't successfully managed this issue in universities. The Australian university system is heavily dependent on funding from foreign students' fees. A significant number of those foreign students—several hundreds of thousands, are from China. This has done a lot to compromise the willingness of our universities to protect freedom of speech. There have been some ugly incidents that would indicate our universities, if presented with a principle or a dollar, will go for the dollar every time. There has been an explosion of research connections between Australian universities and Chinese institutions, which has grown in the hundreds over the five years. This has become a serious concern to the federal government and to our intelligence agencies. There is concern over the extent to which research is providing a vector for intellectual policy theft, espionage, and research designed to benefit the Chinese military intelligence establishment. Some universities acknowledge the problem and are adapting their business models, while others are in utter denial. Q: Australia was the first country in the Five Eyes to ban Huawei, there is now discussion about possibly banning other Chinese companies. What is the rationale or desired outcome behind these measures? As an ally, is Canada expected to follow suit? Peter Jennings: In 2018 Australia decided to exclude companies they referred to as “high risk” vendors from bidding into our 5G network. China was not specifically named, however a “high risk” constitutes a company that could be subject to control by a foreign government so it can use of technology for the purposes of espionage or inflicting damage to critical infrastructure. This decision ultimately excluded Huawei from our 5G network. A major impetus behind the government's decision was China's 2017 national security law, which stated that individuals and companies must assist the national security services if they are asked to and that they must hide that they have cooperated with the Chinese security services. Huawei is not subject to that Chinese law, but there is a very strong presumption at the government level that this is untrue. Far be it for me, an Australia, to tell the Canadians what to do. Canada needs to come to its own decision regarding the security of its network. However, I cannot see how Canada could, in the light of what the other Five Eye countries have done, conclude how it is capable of managing this situation with Huawei inside the 5G network. I very much hope that Canada will take the decision to exclude those companies. I think Canada takes a stand it will create opportunities for closer collaboration through the Five Eyes countries. What started as a vehicle for intelligence collaboration is broadening into a vehicle for policy collaboration. It would be very nice if Canada could continue to be a part of that grouping. Q: What kind of role is Canada expected to play with its allies to address and possibly help stabilize growing tensions in the Indo-Pacific? How could we be a better ally in the region? Peter Jennings: Canada is a valuable player in the Indo-Pacific because it is a successful multicultural democracy. Canada takes human rights as well as its international role in the world seriously. To have Canada playing this kind role, diplomatically and politically, in the Indo-Pacific is very welcome from an Australian perspective. I would like to see Canada do more, particularly in the Pacific in terms of military presence and cooperation with countries in the region. The Pacific is definitely a region of growing strategic importance. This likely won't lead to a massive reorientation of Canadian military thinking anytime soon, but I would just make the point that as a valuable partner, anything that Canada does in and with the region in terms of military collaboration is important. Where I think we should be doing a better job is talking to each other more effectively on issues like China. This is where the Five Eyes need to stick together. We must share internal thinking about how we are going to deal with the problem of this assertive, authoritarian state. What Beijing has been very effectively able to do is split coalitions. This weakens all of us and I think a more focused engagement that puts more substance into our bilateral relationships in a security sense would be valuable. I have been an advocate for closer bilateral relations with Canada for many years now going back to the time when I was in the defence department. I think there is always a risk involving Australia and Canada. We think we are so alike. We feel we have a familial type of relationship, but we do not actually do enough to push each other to be better, more effective partners. My message is, let's not be comfortable or content with just reaching for familial metaphors about how we can do things together. We need to work harder to be better and more effective partners. https://cdainstitute.ca/peter-jennings-interview-canadian-australian-collaboration-countering-china-in-the-indo-pacific/

  • Simulating the ‘SuperScooper’

    March 12, 2019 | Local, Aerospace

    Simulating the ‘SuperScooper’

    by Lisa Gordon The Viking CL-415 “SuperScooper” is more akin to a pick-up truck than a sports car. It's a hardworking, amphibious turboprop that was built to fight wildfires. It flies low, battling blistering heat and blinding smoke, before releasing 13,500 pounds of water in six seconds – and then returning to a nearby lake where it skims the surface to reload. Introduced in 1993 by Bombardier, the CL-415 was essentially a turboprop version of its predecessor, the piston-powered CL-215. Today, there are close to 170 CL-215/415 aircraft in operation, mostly in Europe and North America. They are now supported by Viking Air, which acquired the program from Bombardier in 2016. Pilot training in the CL-415 has historically been done in the aircraft, but TRU Simulation + Training says that due to the unique mission it performs, those training flights can be dangerous. The South Carolina-headquartered company is a division of industry giant Textron Inc., and was formed following the amalgamation of several specialty flight simulation and pilot training companies, including former Montreal-based Mechtronix. About two years ago, TRU's commercial aviation division in Montreal began designing the world's first CL-415 full flight simulator (FFS) with the capability to replicate operations not only in the air, but also on the water. The company was able to draw on its recent experience of successfully building a Series 400 Twin Otter FFS for Canada's Pacific Sky Aviation in Calgary, Alta. – the world's first seaplane simulator with water-handling capabilities. “Before the Twin Otter project, hydrodynamic modelling is something we hadn't done before,” acknowledged Thom Allen, TRU's vice-president of Technology and Innovation. “It's like a boat simulator because you're modelling the buoyancy of the floats or the fuselage in the water. Interestingly, our engineers working on the Twin Otter program actually went to the library and researched how boats work on the water. Mixing the boat sim with the aerodynamic sim is the whole package.” He said the CL-415 experience took things one step further by adding the mission component – scooping the water – to the Twin Otter build. “From a safety point of view, the types of missions you do in a waterbomber are quite a bit different from a commercial aircraft. When you're scooping water and dropping it over a fire, training in those conditions is very dangerous. The tradeoff has always been between the quality of the training and the danger of doing that sort of training.” TRU's CL-415 FFS was delivered to Ansett Aviation Training in Milan, Italy, in September 2018 and certified by the European Aviation Safety Agency (EASA) in December to Level D standards. Although training courses have yet to be completed in the simulator, the hope is that both initial and recurrent pilot training will be done exclusively in the device. Allen said the operational characteristics of a CL-415 are complex and unique. “When you're flying over a very hot fire, you drop your water and the mass of the aircraft is cut in half. The turbulence effect is quite significant when you hit the updraft. The fire is creating turbulence, smoke, reduced visibility – and pilots are dropping every five or 10 minutes repeatedly, usually in rugged terrain at low altitudes. This is the part that made this project something new.” To gather accurate performance data, TRU rented a CL-415 and equipped it with flight test instrumentation. “We weren't doing fire drops with our engineers on board, but we did all the manoeuvres around that, and we brought in a number of senior CL-415 pilots to evaluate our work.” The result is the world's first high fidelity CL-415 simulator with the capability of replicating not just air and water operations, but various types and intensities of forest fires and changes in related environmental conditions. The cockpit noise level is accurately reproduced by a secondary audio system that – like the real aircraft – requires crewmembers to wear a noise-cancelling headset. Full article: https://www.skiesmag.com/news/simulating-the-superscooper

All news