DUBLIN--(BUSINESS WIRE)--The "Global Naval Shipbuilding Market, Forecast to 2026" report has been added to Research and Markets' offering.
During the study period, $650.83 billion will be spent for the procurement of new ships
Mainly driven by surface combatant and submarine programs, the market will peak in 2021, with a valuation of $72.33 billion. Many programs-those that are already underway and those that are planned in the short term-will peak during 2021-2022, after which the market valuation will taper off.
With the average age of warships being 25 years globally, more than 180 procurement programs are underway in various nations. Several high-value procurement decisions will be taken in the next 3 years and opportunities worth approximately $285.92 billion will be created during the forecast period.
Rising global tensions, territorial expansionism, rise of non-state actor-led conflicts, and the associated displacement of population have fueled the expansion of naval deployments. As many nations face vessel obsolescence in the next few years and others have to deploy new, advanced naval assets to counter rival fleet expansionism, the market is on an upward curve.
There is renewed emphasis on stealth, automation, multi-mission capability, and modular ship design by operators. Companies should be cognizant of long-lead programs initiated by navies/MoDs worldwide and also the products they prefer to be ahead of the competition.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Total Naval Shipbuilding Market-Drivers and Restraints
4. Total Naval Shipbuilding Market-Forecast and Analysis
5. Total Naval Shipbuilding Market-Competitive Analysis
6. Growth Opportunities
7. APAC Analysis
8. Europe Analysis
9. North America Analysis
10. Latin America Analysis
11. Africa Analysis
12. Central Asia Analysis
13. The Middle East Analysis
- BAE Systems
- Northrop Grumman
- General Dynamics Electric Boat
- Kongsberg Marine
For more information about this report visit https://www.researchandmarkets.com/research/l7l4lt/global_naval.