Warship and Naval Vessels Market Report 2018 - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 9, 2019--The “Warship and Naval Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global warship and naval vessels market was worth US$ 39.4 Billion in 2017
One of the biggest factors driving the global market for warships and naval vessels is the continuous growth in the global defense spending. Driven by a rise in regional conflicts, the global defense spending has been rising continuously in recent years. In 2017, the global defense spending reached around US$ 1.7 Trillion.
This growth has been largely catalyzed by a rise in defense budgets by countries in the Asia Pacific and the Middle East regions, such as China, India and Saudi Arabia. Countries are currently spending extensively on upgrading and expanding their current fleet of naval vessels. Apart from participating in offensive operations against enemy forces, naval vessels are also involved in providing humanitarian assistance and disaster relief operations.
Looking forward, the global warship and naval vessels market is projected to reach US$ 43.3 Billion by 2023, exhibiting a CAGR of nearly 2% during 2018-2023.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Warship and Naval Vessels Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Competitive LandscapeBabcock International Group General Dynamics Kawasaki Heavy Industries Lockheed Martin Mitsubishi Heavy Industries CSIC DSME Fincantieri Garden Reach Shipbuilders & Engineers Hyundai Heavy Industries Navantia Reliance Naval Engineering Limited.
For more information about this report visit https://www.researchandmarkets.com/research/3brxhg/warship_and_naval?w=4
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Related Topics:Naval Vessels
INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/09/2019 05:36 AM/DISC: 01/09/2019 05:36 AM