Global Naval Ship Modernization Assessment, Forecast to 2026

  • ID: 4377268
  • Report
  • Region: Global
  • 153 Pages
  • Frost & Sullivan
1 of 4
Defense Budget Pressures are Driving Navies to Initiate Comprehensive Ship Service Life Extension and Modernization Programs

FEATURED COMPANIES

  • Atlas Electronick
  • DCNS
  • HII
  • Kongsberg Marine
  • Lockheed Martin
  • Raytheon
  • MORE

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?
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Atlas Electronick
  • DCNS
  • HII
  • Kongsberg Marine
  • Lockheed Martin
  • Raytheon
  • MORE

Executive Summary

  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective

Market Overview

  • Market Scope and Definitions
  • Market Definitions
  • Market Segmentation
  • Key Questions This Study Will Answer

Drivers and Restraints-Total Naval Ship Modernization Market

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

Segmentation, Overview, Forecast, and Analysis-Total Naval Ship Modernization Market

  • 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

Competitive Analysis-Total Naval Ship Modernization Market

  • Surface Combatants Segment-Market Share
  • Patrol Boats Segment-Market Share

Growth Opportunities

  • 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

Regional Analysis-North America

  • North America-Key Findings
  • Revenue Forecast by Vessel Type
  • Modernization Opportunity Landscape-Surface Combatants
  • Modernization Opportunity Landscape-Submarines
  • Programs and Contracts

APAC Analysis

  • APAC-Key Findings
  • Revenue Forecast by Vessel Type
  • Modernization Opportunity Landscape-Surface Combatants
  • Modernization Opportunity Landscape-Submarines
  • Modernization Opportunity Landscape-Patrol Boats
  • Modernization Opportunity Landscape-Support Ships
  • Programs and Contracts

Europe Analysis

  • Revenue Forecast by Vessel Type
  • Modernization Opportunity Landscape-Surface Combatants
  • Modernization Opportunity Landscape-Support Ships and Patrol Boats
  • Modernization Opportunity Landscape-Submarines
  • Programs and Contracts

Latin America Analysis

  • 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

Central Asia Analysis

  • 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

Middle East Analysis

  • Middle East-Key Findings
  • Revenue Forecast by Vessel Type
  • Modernization Opportunity Landscape-Surface Combatants
  • Modernization Opportunity Landscape-Support Ships and Submarines
  • Modernization Opportunity Landscape-Patrol Boats
  • Programs and Contracts

Africa Analysis

  • 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

  • The Last Word-Conclusions
  • Legal Disclaimer

Appendix

  • Glossary of Acronyms
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Atlas Electronick
  • DCNS
  • HII
  • Kongsberg Marine
  • Lockheed Martin
  • Raytheon
  • STM
  • Terma
  • TKMS
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll