Press release
Aircraft Carrier Market 2018 by Global Leaders: Thales Group, Fincantieri, BAE System, Huntington Ingalls, Navantia, Wincanton, Leonardo, Northrop Grumman, General Atomics and Babcock
Market Overview
The aircraft carrier is a floating military base consist of a fleet of fighter jets and military personnel, radar absorbent material, catapult system, missile launching systems, and anti-submarine warfare capabilities. Moreover, they are recognized for mobility, versatility, and competencies.
The Aircraft Carrier Market has been estimated to witness steady growth during the forecast period. Moreover, China is an emerging country in the market and is expected to be the major contributor to the global market growth. Companies are looking forward to developing the aircraft carriers with a higher capacity than the conventional aircraft carriers. Currently, in May 2018, it was reported that China was looking forward to launching its first domestically manufactured 'Type 001A' aircraft carrier, by 2020. This carrier is expected to be larger than the Liaoning aircraft carrier and feature improvements in design and its engines. The new vessels features include an overall length of 320m and a planned displacement of 85,000 tons. Moreover, China is also developing another aircraft carrier in Shanghai. It is expected that China would develop 4 to 5 aircraft carriers by 2020. The country is aggressively building on its sea power because of the ongoing conflicts in the South China Sea.
There are various classes of ships, such as aircraft carrier, littoral combat warships, destroyers, amphibious assault warships, support craft, and submarines. The aircraft carrier is identified for its mobility, versatility, and competencies. The aircraft carrier is a floating military base, consisting of a fleet of fighter jets and military personnel, radar absorbent material, missile launching systems, catapult system, and anti-submarine warfare capabilities.
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Key Players
The key players in aircraft carrier market are Thales Group (France), Fincantieri S.p.A (Italy), BAE System (U.K), Huntington Ingalls Industries Ltd. (U.S.), Navantia (Spain), Wincanton Plc (U.K), Leonardo S.p.A (Italy), Northrop Grumman Corporation (U.S.), General Atomics (U.S.), Babcock International Group Plc (U.K), and United Shipbuilding Corporation (Russia).
Market Segmentation
On the basis of type, the aircraft carrier market has been segmented into conventional-powered and nuclear-powered. The nuclear-powered aircraft carrier market segment is estimated to dominate the market during the forecast period, as they can carry over twice the volume of aircraft fuel as compared to their conventional-powered counterparts. This advantage of the nuclear-powered aircraft carrier will drive the growth for this market segment. Moreover, over 60 power reactors are being developed in 13 countries, including China, India, Russia, South Korea, Taiwan, and UAE, which will propel the nuclear-powered aircraft carrier market during the forecast period.
However, the maintenance of nuclear-powered aircraft carrier is one of the significant challenges for the market. As a result, smaller countries, such as Thailand, have decommissioned their aircraft carrier because of the high maintenance costs. Due to the ongoing advancements in automation, the industry is expected to lower the cost of maintenance.
Scope of the Report
This study provides an overview of the global aircraft carrier market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size, volume, and share for North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global aircraft carrier market by its type, configuration, and region.
By Type
Conventional-powered
Nuclear-powered
By Configuration
Catapult-Assisted Take-Off but Arrested Recovery (Catobar)
Short Take-Off but Arrested Recovery (Stobar)
Short Take-Off but Vertical Recovery (Stovl)
By Region
North America
Europe
Asia Pacific
The Middle East and Africa
Latin America
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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