Aircraft Carrier Market
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<strong>Aircraft</strong> <strong>Carrier</strong> <strong>Market</strong> Research Report By<br />
Forecast To 2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
<strong>Aircraft</strong> <strong>Carrier</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Global <strong>Aircraft</strong> <strong>Carrier</strong> <strong>Market</strong> by Type (Conventional-powered, Nuclear-powered), by Configuration<br />
(Catapult-Assisted Take-Off but Arrested Recovery, Short Take-Off but Arrested Recovery, Short Take-Off<br />
but Vertical Recovery), & by Region - Forecast Till 2023<br />
There are various classes of ships, such as aircraft carrier, littoral combat warships, destroyers, amphibious assault warships,<br />
support craft, and submarines. The aircraft carrier is identified for its mobility, versatility, and competencies. The aircraft<br />
carrier is a floating military base, consisting of a fleet of fighter jets and military personnel, radar absorbent material, missile<br />
launching systems, catapult system, and anti-submarine warfare capabilities.<br />
The increasing focus on gaining more dominance over the sea will drive the growth of the aircraft carrier market during the<br />
forecast period. Many countries are involved in the development and procurement of a number of battleships, including<br />
aircraft carrier to upgrade their maritime defense divisions. Such expansion of assets will result in the overall improvement<br />
of naval combat vessels. This will allow the defense authorities to have a greater dominance over oceans and seas. These<br />
aircraft carriers are floating airbases that carry dive bombers, fighter aircraft, and torpedo planes and provide readily<br />
available air support to the naval fleets. As of 2016, 39 aircraft carriers had been deployed in the oceans, and concurrently,<br />
countries such as the U.S., India, Russia, China, and the U.K are looking forward to replacing the existing aircraft carrier with<br />
new ones. This would reinforce their defense capabilities in the neighboring seas. Some of the examples of aircraft carrier<br />
programs include the Vikrant-class aircraft carrier of the Indian Navy and Liaoning-class aircraft carrier of the People's<br />
Liberation Army Navy China. Gerald R. Ford-class aircraft carrier of the U.S. Navy, Ulyanovsk-class aircraft carrier of the<br />
Russian Navy, and Izumo-class aircraft carrier of the Japan Maritime Self-Defence Force (JMSDF). Moreover, the growing<br />
emphasis on the development of smaller aircraft carrier will improve the growth prospect for the aircraft carrier market<br />
during the forecast period. At present, small aircraft carrier is used for the deployment of Unmanned Aerial Vehicles (UAVs),<br />
which help in gathering intelligence and provision of surveillance for the support of airborne and naval forces.<br />
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<strong>Aircraft</strong> <strong>Carrier</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
On the basis of type, the aircraft carrier market has been segmented into conventional-powered and nuclear-powered. The<br />
nuclear-powered aircraft carrier market segment is estimated to dominate the market during the forecast period, as they<br />
can carry over twice the volume of aircraft fuel as compared to their conventional-powered counterparts. This advantage of<br />
the nuclear-powered aircraft carrier will drive the growth for this market segment. Moreover, over 60 power reactors are<br />
being developed in 13 countries, including China, India, Russia, South Korea, Taiwan, and UAE, which will propel the<br />
nuclear-powered aircraft carrier market during the forecast period.<br />
However, the maintenance of nuclear-powered aircraft carrier is one of the significant challenges for the market. As a result,<br />
smaller countries, such as Thailand, have decommissioned their aircraft carrier because of the high maintenance costs. Due<br />
to the ongoing advancements in automation, the industry is expected to lower the cost of maintenance.<br />
The vendors in the aircraft carrier market are focusing on in-house manufacturing capabilities, newer technologies, research<br />
and development investments, and various product offerings, to have an advantage over their competitors. Likewise, the<br />
vendors compete based on factors, such as the reliability, cost, product quality, and aftermarket service. The growth for the<br />
market vendors is dependent on factors, such as government support, market conditions, and industry development.<br />
Increased focus on maritime security and the usage of nuclear energy are the drivers of aircraft carrier market. However,<br />
the high costs of procurement of aircraft carrier, limited combat capabilities, and long duration of the development process<br />
are the major challenges for the market growth.<br />
The key players in aircraft carrier market are Thales Group (France), Fincantieri S.p.A (Italy), BAE System (U.K), Huntington<br />
Ingalls Industries Ltd. (U.S.), Navantia (Spain), Wincanton Plc (U.K), Leonardo S.p.A (Italy), Northrop Grumman Corporation<br />
(U.S.), General Atomics (U.S.), Babcock International Group Plc (U.K), and United Shipbuilding Corporation (Russia).<br />
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<strong>Aircraft</strong> <strong>Carrier</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
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