Global Aircraft Carriers Market 2016-2020
About Aircraft Carriers
Aircraft carriers are warships that serve as aquatic airbases, equipped with a full-length flight deck and facilities for carriage, deployment, and recovery of aircraft. It is the ship that projects air power globally, without depending on the local airbases. These vessels are capable of open ocean operations even in rough seas. These ships are equipped with armor and can fight enemies across the water.
Technavio’s analysts forecast the global aircraft carriers market to grow at a CAGR of 2.11% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global aircraft carriers market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of conventional-powered aircraft carriers and nuclear-powered aircraft carriers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aircraft Carriers Market 2016-2020
Technavio recognizes the following companies as the key players in the global aircraft carriers market: BAE Systems, DCNS, Fincantieri, Huntington Ingalls Industries, and Navantia.
Other Prominent Vendors in the market are: Babcock Marine, Cochin Shipyard, General Dynamics, Thales, United Shipbuilding.
Commenting on the report, an analyst from Technavio’s team said: “The emergence of advanced naval technologies and features has changed the defense equipment development process. There have been rapid advancements with respect to the range, lethality, accuracy, preventive aids, stealth characteristics, and mobility of aircraft carriers. Most of the next-generation aircraft carriers that are being developed are being incorporated with new and cutting-edge technologies.”
According to the report, numerous countries are upgrading their maritime defense units by developing and acquiring a number of warships including aircraft carriers. The growing number of such assets will also encourage the development of naval combat systems, which in turn will allow defense authorities to have greater dominance over seas and oceans.
Further, the report states that currently, the major challenges faced by defense authorities are cost overruns and test failures. Over the last five decades, some prominent aircraft carrier development programs were canceled or delayed due to aforementioned reasons.
BAE Systems, DCNS, Fincantieri, Huntington Ingalls Industries, Navantia, Babcock Marine, Cochin Shipyard, General Dynamics, Thales, United Shipbuilding.