The Global Naval Vessels and Surface Combatants Market 2011-202118 June 2012
This report offers detailed analysis of the global naval vessels and a surface combatant market over the next ten years, and provides market size forecasts. It covers the key technological and market trends in the naval vessels market. It further lays out an analysis of the factors influencing the demand for naval vessels and surface combatants, and the challenges faced by industry participants.
The global naval vessels and surface combatants market is estimated to value $22.6bn in 2011. The market consists of corvettes, frigates, destroyers, cruisers, amphibious ships and aircraft carriers, and is expected to increase during the forecast period. This is because the main markets, including the US and some countries in Europe and Latin America, are expected to modernise their naval fleets which were neglected during the Afghanistan and Iraq wars.
The market is expected to increase at a CAGR of 1.30% during the forecast period, to reach $25.7bn by 2021; destroyers are expected to account for the majority of the global naval and surface combatants market, followed by frigates and aircraft carriers. During the forecast period, cumulative global expenditure on naval vessels and surface combatants is expected to reach $266.9bn.
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The Global Naval Vessels and Surface Combatants Market 2011-2021