The Rising Need for Improved Maritime Security Driving the Global Market for Warships, Naval Vessels, and Surface Combatants

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• The Rising Need for Improved Maritime Security
  Driving the Global Market for Warships, Naval
  Vessels, and Surface Combatants

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The market for warships and naval vessels is
highly essential for the defense sector. The
safeguard of coastal areas and borders are highly
determined by a countrys naval strength. Despite
the decrease in defense spending in the West, the
market continues to be driven by other factors.
The value of global naval vessels market is
estimated to be 80 billion in 2014. The naval
vessels and surface combatant market covers
submarines, frigates, cruisers, vessels, aircraft
carriers, and coast guard ships.
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The countries in the Asia-Pacific region are
modernizing their surface and underwater naval
capabilities by purchasing stealthy warships,
attack submarines, patrol vessels, sensors,
radars, missiles, and unmanned systems. The
Asia-Pacific market is expected to account for
approximately 25 of the projected global naval
vessels market. As per AMI International, a US
naval analysis firm, the Asia-Pacific region will
spend 180 billion for the purchase of almost 800
new ships, surface crafts, and submarines by 2031.
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Browse through the market data tables, figures
and detailed ToC on the Support Vessels Market.
http//www.micromarketmonitor.com/market-report/
support-vessels-reports-5242687965.html

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Support vessel is used to supply offshore oil
platforms and it is also used in the
transportation of goods and personnel to and from
offshore oil platform and other offshore
structures. Support vessels market can be
segmented into types and geographies. The
geographies covered in the Support vessels market
report are North America, Europe, Asia-Pacific,
Latin America, Africa and Middle East. The market
is classified by types as oilers and suppliers
logistics vessels.
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The purpose of this report is to identify various
types, technologies involved. The drivers of this
market are increase in energy demand oil prices
and E P capital expenditure. The restraints and
challenges of the support vessels market are
maintenance issues, high cost and uncontested
market. A.P. Moller-Maersk group, Cal Dive
International, and Tidewater Inc. are some of the
players covered in this Support vessels market.
Apart from the general overview of the
companies, it also provides financial analysis,
products, services, strategies and the key
developments of the major players in the
industry. The Market share analysis by companies
and geographies are mentioned in this support
vessels market report. The country wise analysis
is also given in this report.
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AMI forecast that between 2010 and 2030, the U.S.
market will account for 63 of the world's future
spending on aircraft carriers and large
expeditionary ships, 39 of the world's
investment in cruisers and destroyers, 37 of the
global submarine spending, and 23 of the global
market for frigates and corvettes. The
Asia-Pacific customers face a variety of
challenges in this market largely driven by the
reality of managing ocean borders and the need to
more effectively secure lengthy coastlines as
well as the critical maritime trade routes.
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• The US will remain the worlds largest naval
  market by value, followed by the Asia-Pacific
  region, which recently surpassed Europe as the
  worlds second largest naval market. China and
  India account for 30 percent of the regions
  future naval market by number of hulls and are
  expected to procure more than 100 new ships and
  submarines by 2031.

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