Global Naval Ship Modernization Assessment, Forecast to 2026

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


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?
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Table of Contents

Global Naval Ship Modernization Assessment, Forecast to 2026Executive SummaryKey FindingsKey Findings (continued)Market Engineering MeasurementsCEO’s PerspectiveMarket OverviewMarket Scope and DefinitionsMarket DefinitionsMarket SegmentationKey Questions This Study Will AnswerDrivers and Restraints—Total Naval Ship Modernization MarketMarket DriversDrivers ExplainedDrivers Explained (continued)Drivers Explained (continued)Drivers Explained (continued)Market RestraintsRestraints ExplainedSegmentation, Overview, Forecast, and Analysis—Total Naval Ship Modernization Market Market Engineering MeasurementsTotal Naval Ship Modernization Market—Revenue Forecast by Vessel TypeTotal Naval Ship Modernization Market—Percent Revenue Breakdown by Vessel TypeTotal Naval Ship Modernization Market—Revenue Forecast by Committed, Planned, and ForecastTotal Naval Ship Modernization Market—Percent Revenue Breakdown by Committed, Planned, and ForecastTotal Naval Ship Modernization Market—Revenue Forecast by RegionTotal Naval Ship Modernization Market—Percent Revenue Breakdown by RegionSurface Combatants Segment—Revenue Forecast by RegionSurface Combatants Segment—Percent Revenue Breakdown by RegionSubmarines Segment—Revenue Forecast by RegionSubmarines Segment—Percent Revenue Breakdown by RegionSupport Ships Segment—Revenue Forecast by RegionSupport Ships Segment—Percent Revenue Breakdown by Region Patrol Boats Segment—Revenue Forecast by RegionPatrol Boats Segment—Percent Revenue Breakdown by RegionTotal Naval Fleet Modernization Market—Segment Market ValuationsGlobal Naval Fleet Market—Segment Discussion and SummaryGlobal Naval Fleet Market—Segment Discussion and Summary (continued)Competitive Analysis—Total Naval Ship Modernization Market Surface Combatants Segment—Market ShareSurface Combatants Segment—Market Share (continued)Patrol Boats Segment—Market ShareGrowth OpportunitiesGrowth 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) UpgradesGrowth Opportunity 5—Propulsion UpgradesStrategic Imperatives for Success and Growth Regional Analysis—North AmericaNorth America—Key FindingsRevenue Forecast by Vessel TypeModernization Opportunity Landscape—Surface CombatantsModernization Opportunity Landscape—Surface Combatants (continued)Modernization Opportunity Landscape—Surface Combatants (continued)Modernization Opportunity Landscape—SubmarinesPrograms and ContractsPrograms 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 AnalysisAPAC—Key FindingsRevenue Forecast by Vessel TypeModernization Opportunity Landscape—Surface CombatantsModernization 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—SubmarinesModernization Opportunity Landscape—Submarines (continued)Modernization Opportunity Landscape—Submarines (continued)Modernization Opportunity Landscape—Patrol BoatsModernization Opportunity Landscape—Patrol Boats (continued)Modernization Opportunity Landscape—Support ShipsPrograms and ContractsPrograms and Contracts (continued)Programs and Contracts (continued)Programs and Contracts (continued)Programs and Contracts (continued)Programs and Contracts (continued)Programs and Contracts (continued)Europe AnalysisEurope—Key FindingsRevenue Forecast by Vessel TypeModernization Opportunity Landscape—Surface CombatantsModernization 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 BoatsModernization Opportunity Landscape—Submarines Programs and ContractsPrograms and Contracts (continued)Programs and Contracts (continued)Programs and Contracts (continued)Programs and Contracts (continued)Latin America AnalysisLatin America—Key FindingsRevenue Forecast by Vessel TypeModernization Opportunity Landscape—Surface CombatantsModernization Opportunity Landscape—Submarines and Support ShipsModernization Opportunity Landscape—Patrol Boats Programs and Contracts Programs and Contracts (continued)Central Asia AnalysisCentral Asia—Key FindingsRevenue Forecast by Vessel TypeModernization Opportunity Landscape—Surface CombatantsModernization Opportunity Landscape—Surface Combatants and Support ShipsModernization Opportunity Landscape—SubmarinesPrograms and ContractsPrograms and Contracts (continued)Middle East AnalysisMiddle East—Key FindingsRevenue Forecast by Vessel TypeModernization Opportunity Landscape—Surface CombatantsModernization Opportunity Landscape—Surface Combatants (continued)Modernization Opportunity Landscape—Surface Combatants (continued)Modernization Opportunity Landscape—Support Ships and SubmarinesModernization Opportunity Landscape—Support Ships and Submarines (continued)Modernization Opportunity Landscape—Patrol BoatsPrograms and ContractsAfrica AnalysisAfrica—Key FindingsRevenue Forecast by Vessel TypeModernization Opportunity Landscape—Surface Combatants and SubmarinesModernization Opportunity Landscape—Surface CombatantsPrograms and ContractsThe Last WordThe Last Word—ConclusionsLegal DisclaimerAppendixGlossary of AcronymsGlossary of Acronyms (continued)The Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition—Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy




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