Global Naval Vessels and Surface Combatants Market to Reach US$47.2 Billion by 2025 Owing to Modernization of Naval Force: MarketResearchReports.Biz

ALBANY, N.Y.--()--MarketResearchReports.biz has added the “The Global Naval Vessels and Surface Combatants Market 2015-2025” report to their offering. The global naval vessels and surface combatants market stood at US$35.9 billion in 2015 and is projected to reach US$47.2 billion by 2025, growing at a CAGR of 2.79% from 2015 to 2025.

On the basis of type, the global naval vessels and surface combatants market is segmented into destroyers and corvettes, which represented a share of 26% and 27%, respectively, trailed by aircraft carriers and frigates.

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The threats posed by maritime security will fuel the overall investment in naval vessels. Additionally, tensions among regions, modernization of naval forces, and peacekeeping operations are the factors responsible for fuelling the global market for naval vessels and surface combatants. However, cuts in defense budgets, economic slowdown, and the shortage of skilled workers are amongst the key factors impeding the growth of the market.

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On the basis of geography, the market is segmented into Europe, Asia Pacific, North America, and the Rest of the World (RoW). Amongst these, the global market is predicted to be led by North America, trailed by Europe and Asia Pacific. The U.S. spent the highest in the naval vessels and surface combatants market, and are expected to have a US$157.3 billion cumulative expenditure in the next 10 years.

Major players in the naval vessels and surface combatants market include ASC Pty Ltd., Abu Dhabi Ship building, ThyssenKrupp Marine Systems, Thales, BAE Systems, Austal, Daewoo Shipbuilding and Marine Engineering, DCNS, DamenSchelde Naval Shipbuilding (DSNS), General Dynamics, Finactieri, Hyundai Heavy Industries, Huntington Ingalls Industries, Mazagon Docks, Lockheed Martin, PO Sevmash, and Navantia.

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Release Summary

The Global Naval Vessels and Surface Combatants Market 2015 - 2025.

Contacts

MarketResearchReports.biz
Nachiket Ghumare, +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
sales@marketresearchreports.biz
http://www.marketresearchreports.biz/