Global naval vessels and surface combatants market
The Global Naval Vessels and Surface Com Published : April 2013 No. of Pages: 213 Price: Single User: US$4800 Corporate User: US$9600
New market research Report on “Naval Vessels and Surface Combatants” added to ReportsnReports.comThe Global Naval Vessels and Surface Combatants Market 2013-2023 offers the reader detailedanalysis of the global Naval Vessels and Surface Combatants market over the next ten years, alongsidepotential 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. Themarket 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, andBrazil drive the market in Asia-Pacific and Latin America. The global market is expected to achieve acumulative value of US$300.7 billion during the forecast period, and the Naval Vessels and SurfaceCombatants market is expected to be dominated by North America, followed by Asia Pacific andEurope.What makes this report unique and essential to read?The Global Naval Vessels and Surface Combatants Market 2013-2023 provides detailed analysis of thecurrent industry size and growth expectations from 2013 to 2023, including highlights of key growthstimulators. It also benchmarks the industry against key global markets and provides detailedunderstanding of emerging opportunities in specific areas.North America and Europe account for around 80% of global defense spending; however, the globaleconomic downturn and European debt crisis have negatively impacted defense spending, andallocation for naval surface combatants is expected to decline during the forecast period. For example,the US, the worlds largest defense spender, announced defense budget cuts of US$178 billion during2011-2015; the UK government also announced defense budget cuts, and reduced its number offrigates by four and decided to decommission its aircraft carrier, HMS Ark Royal, earlier than previously
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