Navy
1 . Navy Market Research Reports, Analysis & Trends
Navy industry comprises companies that operate by building, developing, manufacturing and supplying of ships, boats, carriers, and many other vehicles and bodies that are used for transportation, battle, rescue and security on seas and oceans and coastal regions. In addition, navy industry provides great services to the respective countries' army and military forces as well. As with a range of other industries, the global shipbuilding industry is increasingly concerned with limiting environmental harm. Both demand and manufacturing processes are focusing on adhering to environmental regulations such as cutting carbon emissions. Overall market drivers affecting the shipbuilding industry include seaborne trade, demand for oil and economic climate. Demand is also spurred by increasing financial resources for military vessels such as submarines, aircraft carriers, warfare ships and transport vessels. One of the main challenges facing the shipbuilding industry remains delays in deliveries. Moving forward, cost effective, environmentally friendly vessels, optimization of shipyard capacity and prompt delivery will be key to market growth.
The world submarine market is forecast to grow at over 1% yearly from under $16.5 billion to over $18 billion within the next decade, according to ICD Research. Over 40 countries operate 450 submarines altogether, with many looking to modernize their fleet or boost current capability. Over the next ten years almost 155 submarines will be furnished at a cost of over $186 billion. About half of the expected market growth will come from North America, representing over $87 billion. The EU is forecast to spend over $46 billion by 2021, accounting for a quarter of the global submarine market, followed by Asia, which has a forecast wroth of almost $45 billion, or nearly a quarter of the overall market. Argentina and Brazil hold just under 5% of the global submarine market, worth over $8.5 billion.
2 . Major Trends in Naval Industry
Daewoo Shipping and Marine Engineering Co manufactures special purpose ships such as liquefied petroleum gas carriers, oil tankers and passenger ferries. The company also makes offshore structures including drilling rigs and fixed platforms. The South Korea-based company employs more than 12,000 people, and has been in operation for almost four decades. STX Europe is the number one green shipbuilding in the EU, boasting eco friendly vessels with low fuel consumption, excellent sea performance in extreme weather conditions. STX Europe AS operates six shipyards in Norway, France and Finland. The company has around 16,000 employees.
The world warships and naval vessels market is expected to exceed $75 billion in 2011, according to research from Visiongain. Global demand is being fuelled by economic growth in countries including India and China, where governments are eager to up their military standing in tandem with increasing economic power. Market sub segments include submarines, combatant vessels and non-combatant vessels. Demand for combatant vessels is on the rise in Western and developing nations. Meanwhile, the US navy is awaiting a fleet of nuclear-powered aircraft carriers. The UK is in the process of procuring Type 45 destroyers and two aircraft carriers while France’s navy is awaiting delivery of amphibious warfare ships. India and China are in the process of growing their surface fleet. Developing countries, including Indonesia and Brazil, aim to expand their navies, while South Korea and Japan are both following China’s cue to replenish their naval capacity.
3 . Major Naval Industry Players
Major players in the navy industry include Daewoo Shipping and Marine Engineering, Hyundai Heavy Industries, Samsung Heavy Industries, STX Europe, and STX Europe AS.
1 . How MarketResearchReports.com Can Help You Find the Right Report(s)?
Navy Industry Overall Growth Forecast
We offer syndicated/off-the-shelf and custom market research reports covering Navy industry. These reports are designed to provide a wholistic view of the global Navy industry.
The major growth forecast covered are:
- Navy Industry CAGR % Growth Forecast for 2022-2028
- Navy Industry Value Growth Forecast for 2022-2028
- Navy Industry Key Companies Growth Forecast for 2022-2028
Navy Industry Regional Data Coverage
The reports offered by us provide deep regional data for Navy industry. This information is designed to help decision makers identify the key growth markets of Navy industry and prepare their business strategy accordingly.
The major regional data covered are:
- Navy Industry Region-Wise Growth Trends
- Navy Industry Key Country Growth Opportunities
- Navy Industry Focus on Most Important Markets
Navy Industry Trends Analysis
The reports covering Navy industry offer trends analysis of various types. These include overall key growth opportunities in global Navy industry.
The major trends and analysis covered are:
- Navy Industry Key Player Profiles
- Navy Industry SWOT Analysis
- Navy Industry Growth Drivers and Challenges
2 . Latest Market Research Reports on Navy Industry
Below mentioned is the list of reports available for on Navy industry. If you are not able to locate the correct report, please use the search option available on top of this page to search for the right report. You can also chat with us using the online chat system facility available at the bottom right corner of this page. You can also send your requirements using the contact form.
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