Global Naval Ship Modernization Assessment, Forecast to 2026

Global Naval Ship Modernization Assessment, Forecast to 2026

Defense Budget Pressures are Driving Navies to Initiate Comprehensive Ship Service Life Extension and Modernization Programs

RELEASE DATE
09-Aug-2017
REGION
Global
Research Code: 9AB0-00-4E-00-00
SKU: AE01257-GL-MR_20585
$1,500.00
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Description

The economic downturn over the last decade has resulted in a number of cancellation, postponement, or downsizing of high-value defense programs. These actions have slowed down the induction of new ships into naval fleets. However, the requirement for strong naval assets is at a high amidst the political tensions in Central Asia, Eastern Europe, Southeast Asia, and other parts of the world. Countries have to maintain a large number of operational naval assets in order to build deterrence, protect sovereignty, and secure Sea Lines of Communication (SLOC). Operators are initiating comprehensive midlife upgrades and life extension programs in order to field adequate operational assets. The naval ship modernization market will grow at a compound annual growth rate (CAGR) of 4.3% during 2016–2026 and result in a total valuation of $49.10 billion. The market will be dominated by upgrades for surface combatant and submarine segments (92.5% of the total market).
Through this research service, Frost & Sullivan provides an assessment of global naval ship modernization programs, opportunities, forecasts, and technology trends from a macro level and also from a comprehensive micro-level countrywise assessment.

Key Target Audience
The key target audience includes:
•     Defense OEMs and Integrators (especially their marketing and sales teams)
•     Tier 1/ Tier 2/Tier 3 Suppliers
•     Defense Consultants and Researchers
•     Educational Bodies
•     Personnel Working with Ministry/Department of Defense

Research Scope
The market trends are analyzed for the study period 2016 to 2026, with the base year being 2016. The scope of the study is global, covering most nations which field a naval force.
The market is segmented across surface combatants, submarines, support ships, and patrol boats. Each segment is broken up into different vessel types and classes for granularity in information. Companies mentioned in the study include Lockheed Martin, Terma, Atlas Electronick, Raytheon, STM, TKMS, Kongsberg Marine, HII, and DCNS among others.
Country-specific modernization, life extension, and upgrade programs are arrived at using a combination of data including vessel acquisition and commissioning time frames, defense contract data, previous upgrades, defense spending patterns, and geopolitical exigencies.

Key Questions This Study Will Answer
•     What are the committed, planned, and upcoming opportunities in the naval ship modernization market over the next 10 years?
•     Which geographical markets and segments are growing?
•     What are the key success factors that OEMs should consider in the market?
•     What drives the need for modernizing naval ships in different nations and how do their procurement preferences and market dynamics differ?
•     What are the major programs underway and planned within these markets and what opportunities do they open up for OEMs/contractors?
•     Are there any capability gaps in the markets that need to be anticipated?

Table of Contents

Key Findings

Key Findings (continued)

Market Engineering Measurements

CEO’s Perspective

Market Scope and Definitions

Market Definitions

Market Segmentation

Key Questions This Study Will Answer

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Market Engineering Measurements

Total Naval Ship Modernization Market—Revenue Forecast by Vessel Type

Total Naval Ship Modernization Market—Percent Revenue Breakdown by Vessel Type

Total Naval Ship Modernization Market—Revenue Forecast by Committed, Planned, and Forecast

Total Naval Ship Modernization Market—Percent Revenue Breakdown by Committed, Planned, and Forecast

Total Naval Ship Modernization Market—Revenue Forecast by Region

Total Naval Ship Modernization Market—Percent Revenue Breakdown by Region

Surface Combatants Segment—Revenue Forecast by Region

Surface Combatants Segment—Percent Revenue Breakdown by Region

Submarines Segment—Revenue Forecast by Region

Submarines Segment—Percent Revenue Breakdown by Region

Support Ships Segment—Revenue Forecast by Region

Support Ships Segment—Percent Revenue Breakdown by Region

Patrol Boats Segment—Revenue Forecast by Region

Patrol Boats Segment—Percent Revenue Breakdown by Region

Total Naval Fleet Modernization Market—Segment Market Valuations

Global Naval Fleet Market—Segment Discussion and Summary

Global Naval Fleet Market—Segment Discussion and Summary (continued)

Surface Combatants Segment—Market Share

Surface Combatants Segment—Market Share (continued)

Patrol Boats Segment—Market Share

Growth Opportunity 1—Ballistic Missile Defense (BMD)

Growth Opportunity 2—Anti-air Defense (AAD)

Growth Opportunity 3—Anti-submarine Warfare Systems (ASW)

Growth Opportunity 4—Mine Countermeasures (MCM) Upgrades

Growth Opportunity 5—Propulsion Upgrades

Strategic Imperatives for Success and Growth

North America—Key Findings

Revenue Forecast by Vessel Type

Modernization Opportunity Landscape—Surface Combatants

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Submarines

Programs and Contracts

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

APAC—Key Findings

Revenue Forecast by Vessel Type

Modernization Opportunity Landscape—Surface Combatants

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Submarines

Modernization Opportunity Landscape—Submarines (continued)

Modernization Opportunity Landscape—Submarines (continued)

Modernization Opportunity Landscape—Patrol Boats

Modernization Opportunity Landscape—Patrol Boats (continued)

Modernization Opportunity Landscape—Support Ships

Programs and Contracts

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Europe—Key Findings

Revenue Forecast by Vessel Type

Modernization Opportunity Landscape—Surface Combatants

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Support Ships and Patrol Boats

Modernization Opportunity Landscape—Submarines

Programs and Contracts

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Programs and Contracts (continued)

Latin America—Key Findings

Revenue Forecast by Vessel Type

Modernization Opportunity Landscape—Surface Combatants

Modernization Opportunity Landscape—Submarines and Support Ships

Modernization Opportunity Landscape—Patrol Boats

Programs and Contracts

Programs and Contracts (continued)

Central Asia—Key Findings

Revenue Forecast by Vessel Type

Modernization Opportunity Landscape—Surface Combatants

Modernization Opportunity Landscape—Surface Combatants and Support Ships

Modernization Opportunity Landscape—Submarines

Programs and Contracts

Programs and Contracts (continued)

Middle East—Key Findings

Revenue Forecast by Vessel Type

Modernization Opportunity Landscape—Surface Combatants

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Surface Combatants (continued)

Modernization Opportunity Landscape—Support Ships and Submarines

Modernization Opportunity Landscape—Support Ships and Submarines (continued)

Modernization Opportunity Landscape—Patrol Boats

Programs and Contracts

Africa—Key Findings

Revenue Forecast by Vessel Type

Modernization Opportunity Landscape—Surface Combatants and Submarines

Modernization Opportunity Landscape—Surface Combatants

Programs and Contracts

The Last Word—Conclusions

Legal Disclaimer

Glossary of Acronyms

Glossary of Acronyms (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The economic downturn over the last decade has resulted in a number of cancellation, postponement, or downsizing of high-value defense programs. These actions have slowed down the induction of new ships into naval fleets. However, the requirement for strong naval assets is at a high amidst the political tensions in Central Asia, Eastern Europe, Southeast Asia, and other parts of the world. Countries have to maintain a large number of operational naval assets in order to build deterrence, protect sovereignty, and secure Sea Lines of Communication (SLOC). Operators are initiating comprehensive midlife upgrades and life extension programs in order to field adequate operational assets. The naval ship modernization market will grow at a compound annual growth rate (CAGR) of 4.3% during 2016–2026 and result in a total valuation of $49.10 billion. The market will be dominated by upgrades for surface combatant and submarine segments (92.5% of the total market). Through this research service, Frost & Sullivan provides an assessment of global naval ship modernization programs, opportunities, forecasts, and technology trends from a macro level and also from a comprehensive micro-level countrywise assessment. Key Target Audience The key target audience includes: • Defense OEMs and Integrators (especially their marketing and sales teams) • Tier 1/ Tier 2/Tier 3 Suppliers • Defense Consultants and Researchers • Educational Bodies • Personnel Working with Ministry/Department of Defense Research Scope The market trends are analyzed for the study period 2016 to 2026, with the base year being 2016. The scope of the study is global, covering most nations which field a naval force. The market is segmented across surface combatants, submarines, support ships, and patrol boats. Each segment is broken up into different vessel types and classes for granularity in information. Companies mentioned in the study include Lockheed Martin, Terma, Atlas Electronick, Raytheon, STM, TKMS, Kongs
More Information
No Index No
Podcast No
Author Arjun Sreekumar
Industries Aerospace, Defence and Security
WIP Number 9AB0-00-4E-00-00
Is Prebook No