1. The Global Naval Vessels and Surface Com
Published : April 2013
No. of Pages: 213
Price: Single User: US$4800 Corporate User: US$9600

2. New market research Report on “Naval Vessels and
Surface Combatants” added to ReportsnReports.com
The Global Naval Vessels and Surface Combatants Market 2013-2023 offers the reader detailed
analysis of the global Naval Vessels and Surface Combatants market over the next ten years, alongside
potential market opportunities to enter the industry, using detailed market size forecasts.
What are the key drivers behind recent market changes?
The global naval vessels and surface combatants market is estimated to value US$28.9 billion in 2013,
and will increase at a CAGR of 0.2% during the forecast period, to reach US$29.3 billion by 2023. The
market is primarily driven by the need to replace the existing aging fleet in North America and Europe,
the aggressive modernization strategies adopted by developing economies such as India, China, and
Brazil drive the market in Asia-Pacific and Latin America. The global market is expected to achieve a
cumulative value of US$300.7 billion during the forecast period, and the Naval Vessels and Surface
Combatants market is expected to be dominated by North America, followed by Asia Pacific and
Europe.
What makes this report unique and essential to read?
The Global Naval Vessels and Surface Combatants Market 2013-2023 provides detailed analysis of the
current industry size and growth expectations from 2013 to 2023, including highlights of key growth
stimulators. It also benchmarks the industry against key global markets and provides detailed
understanding of emerging opportunities in specific areas.
North America and Europe account for around 80% of global defense spending; however, the global
economic downturn and European debt crisis have negatively impacted defense spending, and
allocation for naval surface combatants is expected to decline during the forecast period. For example,
the US, the world's largest defense spender, announced defense budget cuts of US$178 billion during
2011-2015; the UK government also announced defense budget cuts, and reduced its number of
frigates by four and decided to decommission its aircraft carrier, HMS Ark Royal, earlier than previously

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