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Surface Combatant Market by Platform (Aircraft Carriers, Destroyers, Corvettes, Amphibious Ships, Frigates, and Auxiliary Vessels), System (Marine Engine System, Weapon Launch System, Sensor System, Control System, Electrical system, and Auxiliary System), and Application (Search &Rescue, Combat Operations, MCM Operations, and Coastal Surveillance): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10147
Pages: NA
Aug 2021 | 431 Views
 
Author(s) : NA
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COVID-19

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The surface combatant,also known as surface shipor surface vessel, is a subset of naval warships thatis designed for warfare on the surface of the water, with weapons and armed forces. They are generally ships built to fight other ships, submarines, aircraft or land targets, and can carry out several other missions, including counter-narcotics operations and maritime interdiction. Their primary purpose is to engage space, air, surface, and submerged targets with weapons deployed from the ship itself, rather than by manned carried craft. Moreover, the surface combatants are technologically advanced warships used for sea-based battlefield operations. Naval warships are equipped with their weapon launch systems such as anti-submarine rocket launchers, torpedo launching systems, rocket launchers, and vertical missile launchers. The incorporation of information, communication, and technology (ICT) in the naval ship is expected to boostthe growth of the surface combatant market during the forecast period.

Surface Combatant

Market scope and structure analysis: 

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Platform, System, and Application

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Abu Dhabi Ship Building, ASC PTY LTD, Austal Limited, BAE Systems, Damen Shipyards Group, x`General Dynamics Corporation, Huntington Ingalls Industries, General Dynamics Corp, Damen Shipyards Group and Naval Group

 

COVID-19 scenario analysis:

  • The global market for surface combatant is severely impacted by the outbreak of the COVID-19 pandemic.
  • The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of aircraft doors, which negatively impact the market growth.
  • However, government around the world have allowed only few essential industries to operate until situation becomes favorable for resuming other business activities.
  • This situation is further expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Some of the factors that boost the growth of the global market include the use of robotics and technological advancements in naval vessels and surface combatant’s shipbuilding facilitiesand increase in adoption of LNG fueled engines in the naval vessels and surface combatants. However, high development cost of naval vessels and surface combatants and prevalent practices, industry consolidation, and procurement patterns within the marketare creating obstacles,thus hampering the market growth. Conversely, new products, processes, and innovations recently inducted within the sectorare expected to offer lucrative opportunities for the market during the forecast period.

The surface combatant market trends are as follows:

Use of robotics and technological advancements naval vessels and surface combatants shipbuilding facilities

New technologies in naval vessels and surface combatants provide safe and efficient maritime operations. Shipbuilding robotics is used to carry out welding, heavy lifting, blasting, painting, and other tasks in the shipyards. Many companies are launching such products, which are currently in the production processes are carried out by using robotic systems. In addition, these robotics systems are increasing the production rate of the shipbuilding industry. Moreover, these companies which have developed mini welding robots are set to adopt robotics technology in shipbuilding. Furthermore, increase indemand for robotics technology in shipbuilding is fueling naval vessels and surface combatants market growth.

Increase in adoption of LNG fueled engines in the naval vessels and surface combatants

The liquefied Natural Gas (LNG) is an alternate fuel for naval vessels and surface combatants. In the LNG engines, CO2 emission is reduced by 20% as compared to conventional diesel engines. Nitrogen oxide emission (NOX) emissions are cut by almost 90%, while sulfur oxide (SOX) emissions are eliminated. Furthermore, the new generation of naval vessel engines is strongly required to comply with the TIER 3 restrictions in many economies by the International Maritime Organization (IMO). Therefore, increase inadoption of LNG fueled engines will propel the growth of the market in the forecast period.

Key segments covered

Segments

Subsegments

  Platform

  • Aircraft Carriers
  • Destroyers
  • Corvettes
  • Amphibious ships
  • Frigates
  • Auxiliary Vessels

  System

  • Marine Engine System
  • Weapon Launch System
  • Sensor System
  • Control System
  • Electrical system
  • Auxiliary system
  • Communication System

  Application

  • Search and Rescue
  • Combat operations
  • MCM Operations
  • Coastal Surveillance
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the surface combatant market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the surface combatant market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the surface combatant market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed surface combatant market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the surface combatant market research report:

  • Whichare the leading players active in the surface combatant market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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