Military Frigates Market 2020 Precise Outlook –Lockheed Martin Corporation, Austal, United Shipbuilding Corporation, Fincantieri SpA, and Naval Group

The military frigates market is anticipated to register a CAGR of above 3.5% during the forecast period.

The Military Frigates Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Military Frigates Market: Lockheed Martin Corporation, Austal, United Shipbuilding Corporation, Fincantieri SpA, and Naval Group

Key Market Trends

Development of New Frigates is Expected to Drive the Growth of the Military Frigates Market

Development of new frigates is one of the key drivers in the military frigates market. With the main concentration on high lethal and low detection capabilities of the frigates, the development of frigates is picking up pace over the past few years. The US is one of the foremost countries that are into the development of new frigates. Its new program of guided missile frigate FFG(X) is in progress and includes the construction of about 20 FFG(X) next-generation frigates by 2030. The US Navy selected five shipbuilders: Austal USA, Fincantieri SpA, General Dynamics, Huntington Ingalls Industries, and Lockheed Martin and is currently evaluating their designs. It intends to award the contract for the first frigate by 2020. Similarly, the United Kingdom is currently evaluating BAE Systems, Babcock, and Atlas Elektronik UK for design, development, and manufacturing of its new Type 31e frigate that is intended to enter service by 2020, along with the more capable Type 26 frigate. Such new programs may propel the growth of the military frigates market during the forecast period.

The Asia-Pacific Region to Experience the Highest Growth During the Forecast Period

The Asia-Pacific region is anticipated to have the highest growth during the forecast period. The escalated tensions between the countries of the region and tensions between China and India have led the countries to increase their military spending. Thus, this is boosting the growth of the market during the forecast period. The countries, like South Korea, Australia, India, China, and Indonesia, are investing in development, building, and procurement of new frigates in this region. In late 2018, India’s Goa Shipyard Limited (GSL) signed a USD 500 million deal with Rosoboronexport of Russia to indigenously manufacture two stealth frigates with technology transfer. Similarly, under Australia’s SEA 5000 Phase 1 project (Future Frigate Project), the country signed a deal with BAE Systems worth USD 26 billion to take the delivery of nine high-end anti-submarine warfare frigates by the end of next decade. Additionally, the presence of shipbuilding companies, like Austal, China State Shipbuilding Corporation, and Hyundai Heavy Industries (HHI) is also supporting this growth.

Competitive Landscape

The military frigates market is highly fragmented with many companies taking a minor share of the market. Some of the prominent players in the market are Lockheed Martin Corporation, Austal, United Shipbuilding Corporation, Fincantieri SpA, and Naval Group. The major issue faced by the companies is of limited geographical presence. For instance, BAE Systems supports the frigate programs of the United Kingdom and Australia, Austal supports frigates in Australia and the United States, and United Shipbuilding Corporation majorly supports the programs of Russia. Due to such limited geographical presence, the market is highly fragmented with many companies taking a part of the share. The collaborations and partnerships between the players to support the frigate development programs of the naval forces may help the companies to gain a strong and leading position in the market.

For a comprehensive understanding of market dynamics, the global Military Frigates market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

Military Frigates Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2025.

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Table of Content

1 Market Overview
1.1 Market Segment Overview
1.1.1 Product Definition
1.1.2 Market by Type
1.1.3 Market by Application
1.2 Global Market Size

2 Global Market by Company
2.1 Global Sales by Company
2.2 Global Price by Company

3 Global Market by Type
3.1 Global Sales by Type
3.2 Global Price by Type

4 Global Market by Application
4.1 Global Sales by Application
4.2 Global Price by Application

5 Global Trade
5.1 Export
5.2 Import

6 Key Manufacturers
6.1 Company Information
6.2 Product Specifications
6.3 Business Data (Capacity, Sales Revenue, Volume, Price, Cost and Margin)

And Other…

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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