The Global Naval Vessels and Surface Combatants Market 2013–2023 by StrategicDefenceIntelligence

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Product Synopsis
This report is the result of SDI’s extensive market and company research covering the global Naval Vessels and Surface Combatants industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.

Introduction and Landscape
Why was the report written?
“The Global Naval Vessels and Surface Combatants Market 2013–2023” offers the reader detailed analysis of the global Naval Vessels and Surface Combatants market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.

What are the key drivers behind recent market changes?
The global naval vessels and surface combatants market is estimated to value US$28.9 billion in 2013, and will increase at a CAGR of 0.2% during the forecast period, to reach US$29.3 billion by 2023. The market is primarily driven by the need to replace the existing aging fleet in North America and Europe, the aggressive modernization strategies adopted by developing economies such as India, China, and Brazil drive the market in Asia-Pacific and Latin America. The global market is expected to achieve a cumulative value of US$300.7 billion during the forecast period, and the Naval Vessels and Surface Combatants market is expected to be dominated by North America, followed by Asia Pacific and Europe.

What makes this report unique and essential to read?
“The Global Naval Vessels and Surface Combatants Market 2013–2023” provides detailed analysis of the current industry size and growth expectations from 2013 to 2023, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the market for Naval

More Info
									The Global Naval Vessels and Surface
Combatants Market 2013–2023
The Global Naval Vessels and Surface Combatants Market 2013–2023


TABLE OF CONTENTS
1      Introduction ......................................................................................................................... 14
    1.1 What is this Report About? ..............................................................................................................14
    1.2 Definitions .......................................................................................................................................14
    1.3 Summary Methodology ...................................................................................................................16
    1.4 About Strategic Defence Intelligence ...............................................................................................17
2      Executive Summary ............................................................................................................ 18
3      Global Naval Vessels and Surface Combatants Market Size and Drivers ...................... 20
    3.1 Naval Surface Combatants Market Size and Forecast 2013–2023 ..................................................20
       3.1.1      Global naval surface combatants market expected to witness a marginal increase ............................... 20
    3.2 Global Naval Vessels and Surface Combatants Market – Regional Analysis ..................................21
       3.2.1      North America is expected to lead the global naval vessels and surface combatants market ................ 21
       3.2.2 US navy‟s fleet replacement program to support the global naval vessels and surface combatants
       market during the forecast period..................................................................................................................... 23
       3.2.3 Naval vessels and surface combatant market expected to grow at a CAGR of 3.3% in the Asia-Pacific
       region 24
       3.2.4      Defense budget cuts reflects in the decline in European naval vessels market ..................................... 26
       3.2.5      Safety of sea routes and modernization plans to drive demand in Middle East ..................................... 28
       3.2.6      Brazil expected to be the highest spender on Naval Surface combatants in the Latin American region . 29
       3.2.7      Markets in Africa expected to increase over the forecast period ........................................................... 30
    3.3 Naval Vessels and Surface Combatants Sub–Sector Market Size Composition ..............................31
       3.3.1      Destroyers and corvettes to account for 50% of the market during the forecast period.......................... 31
       3.3.2      Destroyers market to experience marginal growth ................................................................................ 33
       3.3.3      Corvettes to account for 22% of the total market .................................................................................. 35
       3.3.4      Frigates market to witness a marginal increase during the forecast period............................................ 37
       3.3.5      Aircraft carrier market to grow at a CAGR of 3.8% ............................................................................... 39
       3.3.6      Market for amphibious ships to decline ................................................................................................ 41
    3.4 Demand Drivers and Growth Stimulators ........................................................................................43
       3.4.1      Maritime security threats and peacekeeping operations to fuel global demand ..................................... 43
       3.4.2 With most countries focusing on modernizing their navies, demand for naval vessels expected to
       increase .......................................................................................................................................................... 43
       3.4.3      Anti-submarine warfare and ballistic missile defense systems to fuel global demand ............................ 44
    3.5 Defense Budget Spending Review ..................................................................................................45
       3.5.1      European capital expenditure expected to increase during the forecast period ..................................... 45
       3.5.2      Asian defense budgets expected to increase at a robust pace ............................................................. 46
       3.5.3      North American defense expenditure projected to decline marginally during the forecast period ........... 47




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The Global Naval Vessels and Surface Combatants Market 2013–2023


       3.5.4      Modernization programs likely to drive defense expenditure in South American countries .................... 48
       3.5.5      Military budgets of African countries expected to increase during the forecast period ........................... 49
       3.5.6      Defense budgets of Middle Eastern countries likely to increase during the forecast period ................... 50
    3.6 Defense Modernization Review .......................................................................................................51
       3.6.1      Debt crisis in Europe leading to postponement of modernization plans ................................................. 51
       3.6.2      Arms race in Asia reflected in modernization plans .............................................................................. 51
       3.6.3      North American modernization plans marginally affected by economic recession ................................. 51
       3.6.4      Modernization programs in South America driven by replacement of obsolete armaments ................... 51
       3.6.5 African countries mainly spending on infantry weapons, and surveillance and monitoring equipment, to
       slow growing crime rate ................................................................................................................................... 52
       3.6.6      Middle Eastern countries pursuing modernization of air force and air defense systems ........................ 52

4      Industry Trends, Recent Developments, and Challenges................................................ 53
    4.1 Technological Developments ..........................................................................................................53
       4.1.1      US building minesweeping robot ships ................................................................................................. 53
       4.1.2      Size and capability of naval surface combatants driving demand for hybrid electric propulsion systems 53
       4.1.3      Increased use of stealth technology expected in naval warships .......................................................... 54
       4.1.4      Mobile deck handlers facilitating efficient helicopter landing on small surface ships .............................. 54
       4.1.5      Unmanned surface vessels gaining popularity...................................................................................... 54
    4.2 Market Trends .................................................................................................................................56
       4.2.1      Multi-role naval vessels in demand to cater for needs other than war ................................................... 56
       4.2.2      Investment in small combatant vessels likely to increase...................................................................... 56
       4.2.3      Demand for surface combatants capable of operations in littoral waters to increase ............................. 56
    4.3 Industry Consolidation .....................................................................................................................58
       4.3.1      Joint ventures for R&D and manufacturing expected to increase during the forecast period .................. 58
       4.3.2      Foreign companies acquiring domestic companies to gain entry into attractive markets ....................... 58
       4.3.3      Companies focus on military shipbuilding while selling off non-core civil activities ................................ 59
    4.4 Key Challenges ...............................................................................................................................60
       4.4.1      Global defense budget cuts expected to impact the naval surface combatants market size .................. 60
       4.4.2      Multi-mission capability and program delays to cause cost overruns .................................................... 60

5      SWOT Analysis of the Naval vessels and Surface Combatants Market ......................... 61
    5.2 Strengths.........................................................................................................................................62
       5.2.1      The increased global focus on naval modernization to result in a robust market ................................... 62
       5.2.2      Technological innovations enabling enhanced fleet management......................................................... 62
       5.2.3      Modularization of surface combatants enabling ships to assume multiple roles .................................... 63
    5.3 Weaknesses ...................................................................................................................................64
       5.3.1      High costs of surface combatants forcing governments to cut procurements ........................................ 64




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The Global Naval Vessels and Surface Combatants Market 2013–2023


       5.3.2      Limited ability of surface combatants to counter rising asymmetric threats ........................................... 64
    5.4 Opportunities...................................................................................................................................65
       5.4.1 The market for Littoral Combat Ships (LCS) expected to be robust during the forecast period, driven
       primarily by US procurements .......................................................................................................................... 65
       5.4.2      Replacement of existing obsolete surface combatants ......................................................................... 65
       5.4.3      Growing submarine fleets creating demand for ships capable of anti-submarine warfare ...................... 66
    5.5 Threats............................................................................................................................................67
       5.5.1      Shrinking defense budgets threatening naval surface combatant programs .......................................... 67
       5.5.2      Mid-life upgrades and modernization resulting in lower demand for new surface combatants ............... 67

6      Country Analysis – Naval vessels and Surface Combatants .......................................... 68
    6.1 United States Market Size and Forecast 2013–2023 .......................................................................69
       6.1.1      Destroyers to account for the largest share of expenditure during the forecast period ........................... 73
       6.1.2      CVN-21 class aircraft carriers to drive the US naval vessels market ..................................................... 74
       6.1.3      Spending on Corvettes to account for the third largest segment in the US ............................................ 75
    6.2 Russia Market Size and Forecast 2013–2023 .................................................................................76
       6.2.1      Corvettes to lead the Russian naval vessels and surface combatants market ....................................... 79
       6.2.2      Aircraft carriers expected to be the second largest spend category in Russia ....................................... 80
       6.2.3      French built Mistral to lead the amphibious vessels market in Russia ................................................... 81
    6.3 UK Market Size and Forecast 2013–2023 .......................................................................................82
       6.3.1      Aircraft carriers expected to account for the largest segment in the UK during the forecast period ........ 85
       6.3.2      The frigates market to register a CAGR of 7.7% during the forecast period .......................................... 86
       6.3.3      Destroyers program expected to last till 2014 ....................................................................................... 87
    6.4 France Market Size and Forecast 2013–2023 .................................................................................88
       6.4.1      Frigates to account for the largest area of expenditure during the forecast period ................................. 91
       6.4.2      Aircraft carriers to drive the market in France until 2015 ....................................................................... 92
    6.5 India Market Size and Forecast 2013–2023 ....................................................................................93
       6.5.1      Frigates expected to account for the largest share of the Indian naval surface combatant market ......... 96
       6.5.2 Aircraft Carriers expected to account for the second largest share of the Indian naval surface combatant
       market 97
       6.5.3      Spending in the Destroyers segment expected to grow at a CAGR of 8.2% over the forecast period .... 98
    6.6 China Market Size and Forecast 2013–2023...................................................................................99
       6.6.1      The aircraft carrier segment is expected to constitute the largest market share in China..................... 102
       6.6.2      Destroyers to account for the second largest area of expenditure by China ........................................ 103
       6.6.3      Expenditure on amphibious ships expected to grow at a CAGR of 6.5% over the forecast period ....... 105
    6.7 Australian Market Size and Forecast 2013–2023 ..........................................................................106
       6.7.1      Destroyers account for the largest share of A
								
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