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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
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Parliamentary Secretary Marie-France Lalonde to announce a major investment in the Royal Canadian Air Force
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October 25, 2019 | Local, Aerospace, Naval, Land, C4ISR, Security
Analysis: Defence issues could be on the back burner as minority Liberal government focuses on survival
DAVID PUGLIESE, OTTAWA CITIZEN As the Trudeau government focuses on its survival and seeking political support from potential allies like the NDP or the Greens, key defence issues could be put on the back burner or become part of any backroom quid pro quo. Dealing with health care, affordable housing, pipelines, the environment and healing rifts with Alberta and Saskatchewan are expected to be just some of the top issues facing the minority Liberal government. Chief of the Defence Staff Gen. Jon Vance has been telling headquarters staff in Ottawa that with the world becoming more dangerous he expects a steady flow of funding for the Canadian Forces to continue. That, however, isn't a given. Some of the Liberal's election promises come with a steep cost, including the $6 billion needed to be set aside for the first four years of a pharmacare program and a plan to improve access to medical services. Defence and security issues were barely mentioned during the federal election campaign, even though billions of dollars in equipment purchases will need to be approved by the government in the coming years. Prime Minister Justin Trudeau backed away Wednesday from forming a coalition with one of the opposition parties, but he did emphasis collaborating with the other party leaders on various issues. That could open the potential to work together on certain defence files. The Liberals have talked about using more Canadian military resources to deal with climate-related disasters and to provide help to poorer nations dealing with the effects of climate change. Those are initiatives both the Greens and the NDP could get behind as they mirror proposals from those parties. The NDP has also stated it wants a fair competition for new fighter jets and to keep the multi-billion dollar shipbuilding procurement on schedule. The Green Party more generally has supported a well-equipped Canadian military but hasn't gone into details. Bloc leader Yves François Blanchet has said his priority is not sovereignty but to promote Quebec interests. That includes a push to see Davie Shipbuilding in Levis, Que., named as the third yard under the federal shipbuilding strategy. The Bloc's wishes coincide with the Liberal's efforts to steer more shipbuilding work toward Davie. The politics of a minority government could also come into play on the project to acquire a future fighter jet. Although the Lockheed Martin F-35 stealth fighter is now seen as the leading candidate, an aerospace union is raising warnings that the selection of that plane could mean large-scale job losses in Quebec. In early September the Machinists Union complained that the Liberal government bowed to pressure from the administration of U.S. President Donald Trump to change rules to keep the F-35 in the procurement race but at the expense of other firms offering guaranteed work for Canada's aerospace sector. The union is worried that if Canada were to purchase the F-35 then most of the long-term maintenance would be done in the U.S. That, noted the labour organization, would put in jeopardy the 600 jobs at L-3 Harris in Montreal that are linked to maintaining the Royal Canadian Air Force's current CF-18 fleet. “We will follow the situation closely and demand that manufacturing and maintenance activities of the next fighter aircraft take place in Quebec,” said David Chartrand, the Quebec co-ordinator of the Machinists Union. Any loss of 600 jobs in Quebec is bound to get the attention of the Bloc Québécois and cause problems for the Liberals. Trudeau also said Wednesday he would swear in a new gender-balanced cabinet on Nov. 20. Trudeau will be in need of experienced ministers in various high-profile cabinet positions, so there is a strong possibility Harjit Sajjan, who served as defence minister, and Carla Qualtrough, the procurement minister, might end up in new portfolios. There have been suggestions at National Defence headquarters that Liberal MP Karen McCrimmon, a retired air force officer who won re-election in Kanata-Carleton, could be a potential candidate for the defence portfolio. McCrimmon, a former lieutenant colonel, was the first woman in Canada to qualify as an air navigator and the first to command an air force squadron. Such a choice would meet Trudeau's needs for a female cabinet member with experience in the portfolio. https://ottawacitizen.com/news/national/defence-watch/analysis-defence-issues-could-be-on-the-back-burner-as-minority-liberal-government-focuses-on-survival