Global Aircraft Carriers Market 2016-2020

Overview of the global aircraft carriers market

The global aircraft carriers market is anticipated to grow at a steady rate and will post a CAGR of more than 2% during the forecast period. The increasing focus on gaining more dominance over the sea will drive the growth prospect for the global aircraft carriers market until the end of 2020. Many countries are developing and acquiring a number of warships including aircraft carriers to upgrade their maritime defense units. Such development of assets will lead to advancements in naval combat systems, which will allow defense authorities to have greater dominance over seas and oceans. These aircraft carriers are imperative floating airbases that carry fighter aircraft, dive bombers, and torpedo planes and provide readily available air support to naval fleets. Moreover, as of 2016, 39 aircraft carriers have been deployed in international waters and countries such as the US, India, Russia, China, and the UK are likely to replace the existing aircraft carriers with new ones, which would strengthen their defense abilities in the neighboring seas. Some of the examples of aircraft carrier programs include Gerald R. Ford-class aircraft carrier of the US Navy, Izumo-class aircraft carrier of the JMSDF, Ulyanovsk-class aircraft carrier of the Russian Navy, a Vikrant-class aircraft carrier of the Indian Navy, and Liaoning-class aircraft carrier of the People's Liberation Army Navy China.

The growing emphasis on the development of smaller aircraft carriers will fuel the growth prospects for the global aircraft carriers market during the forecast period. Currently, small aircraft carriers are used for the deployment of unmanned aerial vehicles (UAVs). Also, UAVs are important as they are used to gather intelligence and provide surveillance to support the airborne and naval forces. Consequently, a number of aircraft carriers are being developed to deploy these vehicles.

Competitive landscape and key vendors

The vendors in the market are focusing on in-house manufacturing capabilities, global footprint network, newer technologies, product offerings, and R&D investments to have an edge over their competitors. Also, vendors compete based on factors such as the cost, reliability, product quality, and aftermarket service. The growth prospects for the market vendors is dependent on factors such as the market conditions, government support, and industry development.

Key vendors in this market are -

• BAE Systems
• DCNS
• Fincantieri
• Huntington Ingalls Industries
• Navantia

Other prominent vendors in the market include Babcock Marine, Cochin Shipyard, General Dynamics, Thales, United Shipbuilding.

Segmentation by type and analysis of the aircraft carriers market

• Nuclear-powered
• Conventional-powered

The global nuclear-powered aircraft carriers market segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the factors that drive the market segment’s growth is the reduced sea pollution and greater efficiency. Also, these carriers can carry over twice the volume of aircraft fuel when compared with the conventional-powered counterparts, which, in turn, will drive the growth prospects for the market segment.

Segmentation by geography and analysis of the aircraft carriers market

• Americas
• APAC
• EMEA

The Americas accounted for the maximum market share during 2015 and will continue to dominate the market during the forecast period. One of the factors leading to the market segment’s growth is the growing expenditure and technological advancements that generate a very high demand for aircraft carriers in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global aircraft carriers market?
• What are the key market trends impacting the growth of the global aircraft carriers market?
• What are the challenges to market growth?
• Who are the key vendors in the global aircraft carriers market?
• What are the market opportunities and threats faced by the vendors in the global aircraft carriers market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global aircraft carriers market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Military Aircraft Hangars Market 2016-2020
• Global Aircraft Heavy Maintenance Visit Market 2016-2020
• Global Aircraft Refurbishing Market 2016-2020
• Global Commercial Aircraft Seating Market 2016-2020