Summary

The expenditure on naval vessel engines is anticipated to be driven by the increase in defense spending which reflects improved economic conditions around the world specifically in the European and Asia Pacific Regions. The US will accelerate its defense spending under the Trump administration and is anticipated to maintain its leading position, exhibiting a steady pace of growth over the forecast period.

Synopsis

The Global Naval Vessel Engines Market 2018-2028 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for Naval Vessel engine, key market trends, and challenges faced by industry participants.

Scope

- The Global Naval Vessel Engines industry is anticipated to value US$1.4 billion by the end of 2018, registering a compound annual growth rate (CAGR) of 3.82% to value US$2 billion by 2028.
- The cumulative expenditure on naval vessel engines over the forecast period is estimated to value around US$16.6 ...

Summary

The demand for submarines is expected to be driven by the need for control over the offshore natural resources and maritime trade routes, which are expected to play a pivotal role in fulfilling a country’s aspiration for supremacy.
                                                         
Major naval forces are staring at fleets of technically obsolete and aging submarines, demanding huge investments in the procurement of new-age submarines. In addition to having an important nuclear deterrent role, submarines are playing more crucial roles such as surveillance and reconnaissance, intelligence gathering, patrolling and securing the maritime borders, and trade routes.

Synopsis

The Global Submarines and MRO Market 2017-2027 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for sub...