The Global naval vessel engines market, which values US$460 million in 2017, in a period of 2017-2027 expected to grow at US$6.4 billion. The increasing trend in the market towards the decentralization of naval attacks the market consists of gas turbines, nuclear reactors, and diesel engines. Capabilities are distributed around smaller vessels in addition to larger platforms such as aircraft carriers and destroyers in order to make them more secure against an enemy attack. This has motivated governments around the world to spend on smaller surface combatants capable of operating in littoral waters, along with advanced weapons and communication systems to enable these ships to perform multiple missions
During the forecast period, it is expected to be dominated by gas turbines engines, which will account for 48.8% of the market, followed by nuclear reactors and diesel engines, with shares of 27.1% and 24.1%, respectively. The market facing challenges in like an economic slowdown and lack of a skilled workforce.
Asia-Pacific market expected to leads the market with 44.8% over the forecast period; China is the largest spender in the Asia-Pacific market for naval vessel engines spends US$2.9 Billion. North America and Europe market with 32.4% and 17.9% respectively. North America represents the second-largest market, with its total budget for naval vessel engines valued at US$2.1 Billion over the forecast period. The Middle Eastern market is expected to account for 2.2% of the global naval vessel engines market, followed by the Latin American and African markets with shares of 2.0% and 0.7%, respectively.
Contents of the Report
- Table of Contents
- Executive Summary
- Global Naval Vessel Engines Market – Overview
- Market Dynamics
- Demand Drivers: Analysis of factors that trigger spending within the sector
- Trends: Prevalent practices, industry consolidation, and procurement patterns within the market
- Technological Developments: New products, processes, and innovations recently inducted within the sector
- Key Challenges: Obstacles to affect sector growth
- Naval Vessel’s Engines Market – Segment Analysis
- Segment Analysis: Gas Turbines
- Market size and CAGR growth analysis, 2017-2027
- Change in market share, 2017-2027
- Segment Analysis: Diesel Engines
- Market size and CAGR growth analysis, 2017-2027
- Change in market share, 2017-2027
- Segment Analysis: Nuclear Reactors
- Market size and CAGR growth analysis, 2017-2027
- Change in market share, 2017-2027
- Regional Review
- Defense capital expenditure
- CAPEX forecast, 2017-2027
- Factors to influence military modernization programs
- Naval Vessel Engines Market – Regional Analysis
- Regional Overview
- Factors to drive spending within the region
- Regional expenditure on each sub-segment , 2017-2027
- Market size and CAGR growth analysis, 2017-2027
- Change in market share, 2017-2027
- Trend Analysis – Key Defense Markets
- Country-wise breakdown of expenditure for each region
- Sub-segment wise analysis for each country
- Major programs for each country
- Market size and CAGR growth analysis, 2017-2027
- Change in market share, 2017-2027
- Key Programs Analysis
- Description of key programs
- Delivery period, units, and total expenditure
- Competitive Landscape Analysis
- Competitive Analysis – Ten Leading Companies
- Major products and services
- Major alliances and recent contracts
- Financial analysis covering revenue, operating profit, and net profit
Key benefits of buying this profile include:
- Determine prospective investment areas based on a detailed trend analysis of the global naval vessel engines market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different naval vessel engines segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global naval vessel engines market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global naval vessel engines market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top naval vessels providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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