Research and Markets: The Global Naval Vessels and Surface Combatants Market 2014-2024 - Market Size and Drivers

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/n3t67k/the_global_naval) has announced the addition of the "The Global Naval Vessels and Surface Combatants Market 2014-2024 - Market Size and Drivers: Market Profile" report to their offering.

The global naval vessels and surface combatants market is estimated to value US$30.1 billion in 2014, and will increase at a CAGR of 2.16% during the forecast period, to reach US$37.3 billion by 2024. The market consists of five categories of surface combatants: corvettes, frigates, destroyers, amphibious ships, and aircraft carriers.

This report provides readers with a comprehensive analysis of the Naval Vessels and Surface Combatants market through 2014-2024, including highlights of the demand drivers and growth stimulators for Naval Vessels and Surface Combatants. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.

Key Topics Covered:

1 Introduction

2 Global Naval Vessels and Surface Combatants Market Size and Drivers

Naval Surface Combatants Market Size and Forecast 2014-2024

  • Global naval surface combatants market expected to witness a marginal increase

Global Naval Vessels and Surface Combatants Market - Regional Analysis

  • North America is expected to lead the global naval vessels and surface combatants market
  • US spending on naval fleet replacement to aid the global naval vessels and surface combatants market during the forecast period
  • Naval vessels and surface combatant market expected to grow at a CAGR of 4.86% in the Asia-Pacific region
  • European naval vessels market to register a decline owing to defense budget cuts
  • Naval force modernization and safety of sea routes to drive demand in Middle East
  • Latin America to be the fastest growing market for the Naval Surface combatants over the forecast period
  • African naval vessels market to register a marginal increase over the forecast period

Naval Vessels and Surface Combatants Sub-Sector Market Size Composition

  • Corvettes and destroyers to account for 46% of the market during the forecast period
  • Corvettes to account for highest share of the market
  • Destroyers market to experience marginal growth
  • Frigates market to witness a marginal increase during the forecast period
  • Aircraft carrier market to grow at a CAGR of 2.24%
  • Market for amphibious ships to register a CAGR of 2.99%

Demand Drivers and Growth Stimulators

  • Maritime security threats to drive investment on naval vessels
  • Regional tensions, conflicting territorial claims and peacekeeping operations to fuel global demand
  • Naval force modernization to drive demand for naval vessels over the forecast period
  • Ballistic missile defense systems and anti-submarine warfare to fuel global demand

Defense Budget Spending Review

  • European capital expenditure expected to increase during the forecast period
  • Asian defense budgets expected to increase at a robust pace
  • North American defense expenditure projected to increase marginally during the forecast period
  • Modernization programs likely to drive defense expenditure in South American countries
  • Military budgets of African countries expected to increase during the forecast period
  • Defense budgets of Middle Eastern countries likely to increase during the forecast period

Defense Modernization Review

  • Economic slowdown causing delays in European defense modernization programs
  • Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
  • Global economic slowdown leading to defense budget cuts in the North American region
  • Securing the offshore interests driving South American defense expenditure
  • Security threats increasing the defense budget of African countries
  • Demand for maritime security is likely to increase in the Middle East

3 Appendix

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Aerospace and Defence