Report description overview:
The new report: The Global Naval Vessels and Surface Combatants Market 2014-2024, now available on ASDReports, analyzes the Global naval vessels and surface combatants market size and drivers, including detailed analysis of the Global naval vessels and surface combatants industry over the next ten years, together with highlights of the demand drivers and growth stimulators for the industry. This report analyzes driving factors that will influence demand for the industry, key market trends and the challenges faced by industry participants.
The global naval vessels and surface combatants market is estimated to value over US$30 billion in 2014. Corvettes are expected to account for the majority of the global naval and surface combatants market, followed by destroyers, frigates, and aircraft carriers.
The global naval vessels and surface combatants market is dominated by North America, and the US is the largest defense spender in the world overall. North America is expected to spend over US$115 billion on surface combatants during the next ten years.
Riding on robust demand in the US and the fast growing Canadian market, North America is expected to remain the dominant region for the world’s naval vessels and surface combatants market over the forecast period.
The US naval surface vessels market is primarily driven by the need to replace its ageing fleet of aircraft carriers, destroyers and corvettes. A major portion of expenditure is expected to be towards the country’s plan to commission additional USS Arleigh Burke class (DDG-51) Flight IIA destroyers by2016, and to procure upgraded the DDG-51 Flight III destroyers beyond 2016.
Source: ASDReports - Market Research
Date: Jun 23, 2014