Aircraft Carrier Market Is Estimated To Witness A CAGR Of Approximately 3% During The Forecast Period 2018 To 2023.
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.
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).
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.
- Catapult-Assisted Take-Off but Arrested Recovery (Catobar)
- Short Take-Off but Arrested Recovery (Stobar)
- Short Take-Off but Vertical Recovery (Stovl)
- North America
- Asia Pacific
- The Middle East and Africa
- Latin America