Global Submarine Market and Global Naval Vessels and Surface Combatants Market 2013-2023 New Industry Reports Available at

Global Submarine Market and Global Naval Vessels and Surface Combatants Market
    2013-2023 New Industry Reports Available at MarketResearchReports.Biz

  PR Newswire

  ALBANY, New York, April 10, 2013

ALBANY, New York, April 10, 2013 /PRNewswire/ --

New  Market Research  Report Added in  MarketResearchReports.Biz  Reports
Database:  The Global Submarine Market 2013-2023

This report is the result of SDI's extensive market and company research
covering theglobal Submarine industry. It provides detailed analysis of both
historic and forecast global industry values, factors influencing demand, the
challenges faced by industry participants, analysis of the leading companies
in the industry, and key news.

To Browse Full TOC, Tables & Figures Visit: 
http://www.marketresearchreports.biz/analysis-details/the-global-submarine-market-2013-2023


Introduction and Landscape

Why was the report written?

The Global Submarine Market 2013-2023 offers the reader detailed analysis of
the global Submarine market over the next ten years, alongside potential
market opportunities to enter the industry, using detailed market size
forecasts. What are the key drivers behind recent market changes?

In2013 the global submarine market is estimated to value US$14.4 billion and
is expected to grow to US$21.7 billion by 2023, representing a CAGR of 4.2%
during the forecast period. The market consists of three categories: SSN, SSBN
and SSK. The global expenditure on SSNs is expected to account for a major
share of approximately 41% during the forecast period. The remaining
expenditure is accounted for by SSBN and SSK with shares of 33% and 26%
respectively. What makes this report unique and essential to read?

The Global Submarine Market 2013-2023 provides detailed analysis of the
current industry size and growth expectations from 2013 to 2023, including
highlights of key growth stimulators. It also benchmarks the industry against
key global markets and provides a detailed understanding of emerging
opportunities in specific areas. Key Features and Benefits

  *The report provides detailed analysis of the market for submarines during
    2013-2023, including the factors that influence why countries are
    investing or cutting defense expenditure. It provides detailed
    expectations of growth rates and projected total expenditure.
  *Navantia, Fincantieri, DCNS, Kockums, BAE Systems, Mazagon Docks, Hyundai
    Heavy Industries, Daewoo Shipbuilding and Marine Engineering, PO Sevmash,
    Huntington Ingalls Industries, General Dynamics Electric Boat Limited,
    Admiralty Shipyards, ThyssenkKrupp Marine Systems, ASC, Golcuk Naval
    Shipyard, Mitsubishi Heavy Industries, Kawasaki Shipbuilding Corporation,
    SaaB, Thales, Lockheed Martin
  *A significant number of countries such as the US, the UK, Germany, France,
    and India are currently in the process of replacing their existing fleet
    of submarines. Most of these submarines are being retired as they have
    reached the end of their operational cycle. Additionally, Soviet era
    submarines currently in use by countries such as Russia, India, and China
    need to be replaced. The demand for modern submarines creates a lucrative
    opportunity for suppliers across the world.

Key Market Issues

  *The market for submarines in the Western world drastically reduced after
    the end of the Cold War and those possessing substantial submarine
    building capabilities are virtually self-sufficient in this regard.
    However BRIC countries and the developing economies of Southeast Asia are
    becoming financially able to fund a cost consuming submarine capability.
    China, with its anti-access strategy and its claim to the South China Sea,
    and North Korea, with its belligerent attitude, have triggered the demand
    for submarines in the Far East. Regional rivalries among countries such as
    India and Pakistan, and Greece and Turkey, and the push for general
    modernization are seen as drivers for the submarine market worldwide.
  *The global submarine industry requires skilled labor to design submarines
    and provide maintenance and upgrades throughout its operational life.
    However, budget cuts have led to a shortage of skilled professionals such
    as reactor engineers and scientists, causing a resource crunch within the
    industry. The UK's submarine industry is currently facing a 14% shortage
    of civilian safety experts and a 7% shortage of submarine reactor
    engineers, largely due to a lack of defense budget allocation.

Key Highlights

  *A submarine that draws power by onboard nuclear reactors has a nearly
    boundless range and advanced maneuverability. The submarine can be
    positioned in distant waters across the globe with no need to surface
    except for crew provisions every three months or so. Therefore, the
    innovation of the nuclear reactor is serving at least six international
    navies: the US, Russia, the UK, France, China, and India, all of which
    possess nuclear submarines.
  *The decreased demand for submarines in the West and the increasing number
    of technologically advanced sub-systems included in these vessels means
    that no single industry would be able to develop and sustain a submarine
    manufacturing base. This has gradually resulted in consolidation in the
    industry. There is also increasing collaboration on joint development and
    production activities amongst firms. For example American firms Huntington
    Ingalls Shipbuilding and General Dynamics Electric Boat jointly produce
    the Virginia-class submarines.

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New Market Research Report Added in MarketResearchReports.Biz Reports Database
 The Global Naval Vessels and Surface Combatants Market 2013-2023

This report is the result of SDI's extensive market and company research
covering the global Naval Vessels and Surface Combatants industry. It provides
detailed analysis of both historic and forecast global industry values,
factors influencing demand, the challenges faced by industry participants,
analysis of the leading companies in the industry, and key news.

To Browse Full TOC, Tables & Figures Visit: 
http://www.marketresearchreports.biz/analysis-details/the-global-naval-vessels-and-surface-combatants-market-2013-2023


Introduction and Landscape

Why was the report written?

The Global Naval Vessels and Surface Combatants Market 2013-2023 offers the
reader detailed analysis of the global Naval Vessels and Surface Combatants
market over the next ten years, alongside potential market opportunities to
enter the industry, using detailed market size forecasts. What are the key
drivers behind recent market changes?

The global naval vessels and surface combatants market is estimated to value
US$28.9 billion in 2013, and will increase at a CAGR of 0.2% during the
forecast period, to reach US$29.3 billion by 2023. The market is primarily
driven by the need to replace the existing aging fleet in North America and
Europe, the aggressive modernization strategies adopted by developing
economies such as India, China, and Brazil drive the market in Asia-Pacific
and Latin America. The global market is expected to achieve a cumulative value
of US$300.7 billion during the forecast period, and the Naval Vessels and
Surface Combatants market is expected to be dominated by North America,
followed by Asia Pacific and Europe. What makes this report unique and
essential to read?

The Global Naval Vessels and Surface Combatants Market 2013-2023 provides
detailed analysis of the current industry size and growth expectations from
2013 to 2023, including highlights of key growth stimulators. It also
benchmarks the industry against key global markets and provides detailed
understanding of emerging opportunities in specific areas. Key Features and
Benefits

  *The report provides detailed analysis of the market for Naval Vessels and
    Surface Combatants during 2013-2023, including the factors that influence
    the reasons that countries are investing in or cutting defense
    expenditure. It provides detailed expectations of growth rates and
    projected total expenditure.
  *Kockums, Daewoo Shipbuilding and Marine Engineering, Huntington Ingalls
    Industries, FincantieriBAE Systems, Hyundai Heavy Industries, PO Sevmash,
    ThyssenKrupp Marine Systems , Thales,Lockheed Martin, ASC Pty Ltd., Damen
    Schelde Naval Shipbuilding (DSNS), Abu Dhabi Ship building, DCNS,
    Navantia, General Dynamics, Austal, Rolls-Royce Plc., and Mazagon Docks
  *An increase in coalition missions, such as international peacekeeping
    missions, offshore operations, and disaster relief operations, have
    created a need for interoperable weapon systems that adhere to the
    standards set by NATO and other organizations. An increase in out-of-area
    operations has also created a need for participating nations to acquire
    interoperability with key coalition partners. At the same time, Foreign
    shipbuilding companies looking for export opportunities are establishing
    local subsidiaries to enable them to cater to local markets, offering
    opportunities to domestically established companies. Repair and
    maintenance contracts can also be undertaken by these companies,
    increasing business volumes.

Key Market Issues

  *North America and Europe account for around 80% of global defense
    spending; however, the global economic downturn and European debt crisis
    have negatively impacted defense spending, and allocation for naval
    surface combatants is expected to decline during the forecast period. For
    example, the US, the world's largest defense spender, announced defense
    budget cuts of US$178 billion during 2011-2015; the UK government also
    announced defense budget cuts, and reduced its number of frigates by four
    and decided to decommission its aircraft carrier, HMS Ark Royal, earlier
    than previously planned.
  *The spending capability of governments around the globe has been affected
    by the economic slowdown, which is forcing governments to look for
    alternative ways to equip their armed forces. Defense ministries are
    spending on modernizing and extending the working lives of existing naval
    fleets rather than buying new equipment; these mid-life upgrade programs
    enable governments with constrained financial resources to postpone
    expenditure on new systems until economic growth is restored and fiscal
    debt is under control. These upgrade and mid-life extension programs have
    led to the dampening of demand for new naval surface combatants.
  *Demand to integrate weapon systems to enable navy fleets to perform
    multi-role operations will result in cost overruns. Additionally, an
    increase in the cost of weapon systems and other parts due to program
    delays will also increase overall program costs. Negotiations regarding
    costs between a country planning an equipment program and the program's
    main contractor typically take several years to finalize, during which
    time the costs of the various weapon systems and other parts to be
    installed will also rise, leading to further cost overruns.

Key Highlights

  *North America accounts for the highest expenditure in the global naval
    vessels and surface combatants market; most of this expenditure can be
    attributed to the US, with Canada accounting for a small share. A major
    portion of the expenditure is expected to be towards the country's plan to
    commission additional USS Arleigh Burke, DDG-51- Flight IIA class
    destroyers until 2016, and to procure upgraded DDG-51 Flight III
    destroyers beyond 2016. In addition, it is also expected that the US DoD
    will invest a substantial amount to replace its aging aircraft carriers
    and amphibious ships; moreover, with an increased focus on the
    decentralization of naval attacks, the US Navy has increased its focus on
    small patrol vessels and corvettes with modular designs for multiple
    purposes.
  *Maritime transport accounts for 90% of global trade, as a result of which,
    countries across the world are compelled to secure their sea lanes.
    Potential adversaries such as hostile nations, pirates, drug smugglers,
    and terrorist organizations use the sea to move personnel and weapons, and
    countries are investing in naval vessels in order to prevent adversaries
    from controlling sea lanes and also to participate in peacekeeping
    operations.
  *A significant increase in the number of submarines during the forecast
    period, especially in the Asia Pacific region, is likely to result in an
    increase in vulnerability to submarine attack for various countries
    worldwide. As a result, various countries are looking to acquire vessels
    such as stealth frigates, corvettes, and destroyers equipped with
    anti-submarine warfare capabilities, such as Abu Dhabi-class corvettes and
    FREMM-class frigates. In addition, equipping cruisers, destroyers, and
    frigates with ballistic missile defense capabilities is increasingly
    gaining ground. These factors will continue to compel countries to
    allocate a significant level of their capital expenditures towards the
    acquisition of naval vessels with anti-submarine warfare (ASW) and
    ballistic missile defense (BMD) capabilities.

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