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Aircraft Carrier Market

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Global Aircraft Carrier Market by Type (Conventional-powered, Nuclear-powered), by Configuration (Catapult-Assisted Take-Off but Arrested Recovery, Short Take-Off but Arrested Recovery, Short Take-Off but Vertical Recovery), & by Region - Forecast T
Aircraft Carrier Market Research Report By
Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
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Aircraft Carrier Market Research Report - Forecast to 2023
Global Aircraft Carrier Market by Type (Conventional-powered, Nuclear-powered), by Configuration
(Catapult-Assisted Take-Off but Arrested Recovery, Short Take-Off but Arrested Recovery, Short Take-Off
but Vertical Recovery), & by Region - Forecast Till 2023
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.
The increasing focus on gaining more dominance over the sea will drive the growth of the aircraft carrier market during the
forecast period. Many countries are involved in the development and procurement of a number of battleships, including
aircraft carrier to upgrade their maritime defense divisions. Such expansion of assets will result in the overall improvement
of naval combat vessels. This will allow the defense authorities to have a greater dominance over oceans and seas. These
aircraft carriers are floating airbases that carry dive bombers, fighter aircraft, and torpedo planes and provide readily
available air support to the naval fleets. As of 2016, 39 aircraft carriers had been deployed in the oceans, and concurrently,
countries such as the U.S., India, Russia, China, and the U.K are looking forward to replacing the existing aircraft carrier with
new ones. This would reinforce their defense capabilities in the neighboring seas. Some of the examples of aircraft carrier
programs include the Vikrant-class aircraft carrier of the Indian Navy and Liaoning-class aircraft carrier of the People's
Liberation Army Navy China. Gerald R. Ford-class aircraft carrier of the U.S. Navy, Ulyanovsk-class aircraft carrier of the
Russian Navy, and Izumo-class aircraft carrier of the Japan Maritime Self-Defence Force (JMSDF). Moreover, the growing
emphasis on the development of smaller aircraft carrier will improve the growth prospect for the aircraft carrier market
during the forecast period. At present, small aircraft carrier is used for the deployment of Unmanned Aerial Vehicles (UAVs),
which help in gathering intelligence and provision of surveillance for the support of airborne and naval forces.
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Aircraft Carrier Market Research Report - Forecast to 2023
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.
The vendors in the aircraft carrier market are focusing on in-house manufacturing capabilities, newer technologies, research
and development investments, and various product offerings, to have an advantage over their competitors. Likewise, the
vendors compete based on factors, such as the reliability, cost, product quality, and aftermarket service. The growth for the
market vendors is dependent on factors, such as government support, market conditions, and industry development.
Increased focus on maritime security and the usage of nuclear energy are the drivers of aircraft carrier market. However,
the high costs of procurement of aircraft carrier, limited combat capabilities, and long duration of the development process
are the major challenges for the market growth.
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).
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Aircraft Carrier Market Research Report - Forecast to 2023
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Author
Monica Nerkar
Monica Nerkar862   documents Email
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