Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
How to Convert New Procurement Programs and Upcoming Contracts into Opportunities as Global Powers Expand their Fleets
save 25 %
* Required Fields
Pay by invoice
Rising global tensions, territorial expansionism, rise of non-state actor-led conflicts, and the associated displacement of population have fueled the expansion of naval deployments. As many nations face vessel obsolescence in the next few years and others have to deploy new, advanced naval assets to counter rival fleet expansionism, the market is on an upward curve. There is renewed emphasis on stealth, automation, multi-mission capability, and modular ship design by operators. Companies should be cognizant of long-lead programs initiated by navies/MoDs worldwide and also the products they prefer to be ahead of the competition.During the study period, $650.83 billion will be spent for the procurement of new ships. Mainly driven by surface combatant and submarine programs, the market will peak in 2021, with a valuation of $72.33 billion. Many programs—those that are already underway and those that are planned in the short term—will peak during 2021–2022, after which the market valuation will taper off. With the average age of warships being 25 years globally, more than 180 procurement programs are underway in various nations. Several high-value procurement decisions will be taken in the next 3 years and opportunities worth approximately $285.92 billion will be created during the forecast period. Through this research service, Frost & Sullivan provides an assessment of naval ship building programs, opportunities, forecasts, and technology trends on a macro level, along with a comprehensive micro-level country-wise assessment.Research Scope:Market trends are analyzed for the study period 2016 to 2026, with the base year as 2016. The scope of the study is global, covering most nations that 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 Fincantieri, BAE Systems, Northrop Grumman, General Dynamics Electric Boat, Raytheon, STM, TKMS, Kongsberg Marine, HII, and DCNS, among others.Country-specific modernization and 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 geo-political exigencies.Key questions this study will answer include:• What are the committed, planned, and upcoming opportunities in the naval ship building market in the next 10 years?• Which are the geographical markets and segments that are growing?• What are the key success factors that OEMs should consider in the market?• What drives the need for procuring new naval ships in different nations and how do their procurement preferences and market dynamics differ?• What are the major programs that are underway or planned within these markets and what are the opportunities they open up for OEMs/contractors?• Are there any capability gaps in the markets that need to be anticipated?
Global Naval EO/IR CONOPs Evolutions and Use Cases, 2021
Military Cyber CONOPS Growth Opportunities
US Department of Defense Airborne Radar Growth Opportunities
Global Digitalization in Defense Growth Opportunities
Middle East & Africa Defense Industry Growth Opportunities
US DoD C4ISR Growth Opportunities
Global Training and Simulation Competitive Landscape, 2021–2029
Global Automotive Location-based Services Growth Opportunities
US Acoustic Sensing Technologies Growth Opportunities
US Next Generation Air Dominance Growth Opportunities
energy storage market
smart meter market
medical supplies market
renewable energy market
agricultural drones market
diabetes care devices market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.