openPR Logo
Press release

High Speed Vessels Market Estimated to Flourish by 2024

High Speed Vessels Market: Drivers

Increasing need for maritime surveillance is one of the major factors driving the growth of the high speed vessels market. Moreover, rising concerns of the government toward humanitarian relief, combating terrorism, piracy, and smuggling is expected to propel the growth of high speed vessels market during the forecast period. Additionally, continuous advancement in the technology by the manufacturers of vessels is expected to fuel the growth of high speed vessels market. These features include strategic sea lift coupled with capability of amphibious operations.

A sample of this report is available upon request @

High Speed Vessels Market: Restraints

One of the major factors, which is expected to hamper the growth of the global high speed vessels market is its high cost of maintenance. According to a government source, from the entire cost of a vessel, 80% cost goes for the maintenance of the vessel. Furthermore, reduction in the defense budget by many countries is expected to restrain the growth of the high speed vessels market.

High Speed Vessels Market: Segmentation

The global high speed vessels market can be segmented on the basis of product type, displacement, service type, and regions. On the basis of product type, the market can be further segmented into destroyers, corvettes, frigates, submarines, and others. On the basis of displacement, the global high speed vessels market can be further segmented into 500 – 2500 tonnes, 2500 – 5000 tonnes, and 5000 tonnes and above. On the basis of service type, the market can be segmented into new sales and modernization/upgrade. On the basis of regions, the global high speed vessels market can be segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa.

Buy Now: You can now buy a single user license of the report @

High Speed Vessels Market: Region wise Outlook

On the basis of regions, North America is expected to dominate the high speed vessels market. However, this region is expected to exhibit sluggish growth during the forecast period due to cut down in the defense budget. Asia Pacific, led by China and India is expected to be one of the fastest growing markets for high speed vessels. Additionally, increasing shipyards in China and South Korea coupled with low cost and more advanced solutions are expected to upsurge the demand for high speed vessels in Asia Pacific region over the forecast period. Europe is expected to witness steady growth in the high speed vessels market due to the economic crisis in the region. On the other hand, Middle East & Africa is projected to witness significant growth in the high speed vessels market over the forecast period.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release High Speed Vessels Market Estimated to Flourish by 2024 here

News-ID: 675927 • Views: 108

More Releases from Persistence Market Research

Sales of Mobile Phone Smart Phone Market to Record Stellar Growth During the For …
Cellular phones with basic facilities such as text messaging, voice calling, audio and video visualization and camera are referred to as mobile phones. Cellular phones that offer advanced computing abilities such as Wi-Fi, web browsing, third-party applications and mobile payment, solutions for information management, such as documents, emails and contacts, inbuilt GPS applications, and provides features such as voice and video calls and web access are referred to as smart
Street Lighting Market to Witness Increased Revenue Growth Owing to Rapid Increa …
Street light is a raised source of light on the edge of a road, which is mainly used to provide light. Street lighting plays a crucial role in the safety and security of our streets and public places. Street lighting is mainly used in highways and roadways in order to illuminate the driving route safe and convenient in night. Various types of street lighting are incandescent light, fluorescent light, mercury
Social Media Monitoring Tools Market to Witness Stellar Revenue Growth Across To …
Social Media Monitoring Tools Market: Introduction Expanding social media content volume is the key factor contributing to the growth of global Social Media Monitoring Tools s market. Social Media Monitoring Tools is a software equipped with various functionalities for tracking, listening, and gathering relevant content across various social media networks. Social Media Monitoring Tools s are used by marketing, and communications team of organizations across various industries to identify the trends,
Decrease in Demand of Electronic Toys Market to Restrict Revenue Growth During t …
Electronic Toys Market: Introduction Increasing entertainment spending for kids is the key factor driving the growth of global Electronic Toys market. Electronic Toys provide fun for children, from early learning to gaming and computing, these toys help children develop their dexterity, imagination, language skills, and more; through fun, role-playing, and education. Electronic Toys are subjected to comply with national, regional, and international legal regulations, including manufacturing, construction, and performance requirements. Integration

All 5 Releases

More Releases for Speed

Millionaire Speed Dating
For Immediate Release Contact: Tom Andrews, 415/479-3800 MILLIONAIRE SPEED DATING America's first-ever Millionaire Online Speed Dating Party takes place on Friday May 8, 2020, 7:30-9:30pm. Wealthy singles of all ages are invited to meet new friends safely during the
Full speed ahead – New Celsius42
Eschweiler 01.05.2018 - The relaunch of Celsius42 GmbH is just a few days away. After 4 months and many hours of work by our creative team, we look forward to publishing our new company website in the near future. “This innovation represents a true milestone for the development of Celsius42,” says Christian Hartmann, the company’s new CEO. “In addition to the remake of our corporate identity, there are many ongoing Offer High-speed Delivery
Manchester, United Kingdom (March 21, 2011) -, a leading manufacturer and supplier of display and exhibition stands, are offering new, quicker delivery methods to their clients. The new offer, which applies to all products manufactures, ensures that if clients order products from before 1pm, the company will prepare the order and ship it the next working day using a Nationwide Courier Service. The company offers various delivery options in
Speed up for Speed Shuffleboard
Only a few days left until the start of SpeedShuffleboard League2. The hugh success of League1 made it necessary for the German Shuffleboard Association to set up another league. During the Inaugural in Germany, ISA President Gus Bondi as well as players from Brazil, Canada and Germany proved SpeedShuffleboard, a form of Turkey Shoot, to be a competitive, skill necessitating, but also fun game (see pic). Meanwhile there are not only German
Energy savings at High Speed
Carbon Infrared (CIR) emitters from Heraeus Noblelight dry ink jet printing inks especially efficiently. This is because medium wave infrared radiation is transferred into ink at high power. Above all, medium wave infrared radiation is absorbed very well by water-based inks. Consequently, carbon emitters can allow the printing of personalised mailings at high speed, saving energy and operating costs. Carbon infrared heaters need nothing but the emitter operating in the near
Speed up your calculations
Krakow, August 3 – GridwiseTech, the vendor-independent expert in scalable solutions, has released a demo application for the financial sector, integrating a system that allows to distribute computation tasks onto multiple machines with a Web-portal for easy mobile access. The demo presents how to speed up sophisticated finance calculations, like forecasting portfolio Value, effectively, also by means of the smartphone interface. It is available at The solution presented by