Aircraft Carrier Ship Market ‚ Segmented by Type (Amphibious Assault Ship, Helicopter Carrier, Light Attack Aircraft Carriers, Fleet Carrier), by Configuration (Catapult ‚ Assisted Take ‚ off barrier arrested ‚ recovery (CATOBAR), Short Take ‚ off but arrested recovery (STOBAR) , Short Take ‚ off but Vertical Recovery (SOVL)) and by Geography ‚ Growth, Trends and Forecast (2019 - 2024)

Aircraft Carrier Ship Market ‚ Segmented by Type (Amphibious Assault Ship, Helicopter Carrier, Light Attack Aircraft Carriers, Fleet Carrier), by Configuration (Catapult ‚ Assisted Take ‚ off barrier arrested ‚ recovery (CATOBAR), Short Take ‚ off but arrested recovery (STOBAR) , Short Take ‚ off but Vertical Recovery (SOVL)) and by Geography ‚ Growth, Trends and Forecast (2019 - 2024)

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Overview

The market for aircraft carrier ship market is anticipated to grow at a CAGR of around 9% during the forecast period. The increasing procurement of aircraft carrier ships worldwide shall lead to the growth of aircraft carrier ships in the coming years.

Market Dynamics

Procurement of aircraft carrier ships is on the rise in the present scenario with many countries such as the US, the Philippines, and China etc. receiving different aircraft carriers of different classes to strengthen their naval forces. Moreover, the US Navy is in plans to acquire two Ford class carriers in a single purchase. This shall lead to the Navy spending less on the total cost for buying the ships as well as accelerate fleet growth in the navy. The acquisition shall also enable the US Navy to reach their goal of 355 ship fleet by 2030. Moreover, the Philippine Navy has placed orders for two multi-mission capable frigate aircraft carrier ships from Hyundai Heavy Industries (HII), a South Korean shipbuilding company. This order shall be covered under the Frigate Acquisition Project (FAP) which has been developed with the sole objective of protecting the territorial waters of Philippines. Additionally, the frigate ships shall be based on the Incheon/ FFX-I/ HDF-3000 type multi-purpose frigate of the Republic of Korea. Likewise, the vessels shall provide various optional configurations as well as enhanced survival.   

Helicopter carriers are expected to witness significant growth owing to the rise in the number of helicopter carriers being acquired by various countries. In 2018, the government of the United Kingdom announced that they have sold the helicopter carrier, HMS Ocean to the Brazilian region for half price of the original amount spent on its development. According to the government of UK, plans were set in motion for decommissioning the helicopter carrier in 2018 but had been canceled owing to the request made by Brazil towards purchasing the ship. Brazil shall pay an amount of USD 115 million for acquiring the HMS Ocean from the UK. Likewise, on June 29, 2018, Brazil has commissioned the helicopter carrier into service and have renamed the helicopter carrier to PHM Atlantico (A 140) from HMS Queen.

Additionally, South Korea has launched their second Dokdo-class helicopter carriers with the launch ceremony being held in Busan at the shipyard of the manufacturing vessel company, Hanjin Heavy Industries, and Construction.

Aircraft carrier ships shall continue operations for several years thereby providing strength to the naval forces. However, the high maintenance costs associated with such ships shall prove to be a restraint for various regions. In the present scenario, the US has acquired the USS General Ford aircraft carrier for USD 13 billion.

The ship features all of the latest and advanced technology still high maintenance cost related to the vessel as well as still problems with the catapult launching systems onboard shall hamper its ability to perform critical operations. In addition, the Pentagon has directed the US Navy to make use of the steam catapults instead of the new digital catapult systems known as the EMALS (Electromagnetic Launch System).  EMALS systems had been designed for providing the necessary boost to the aircraft for taking off from the short runway deck of the aircraft carrier ship. The underdeveloped EMALS technology has led to The US Navy to switch to steam-powered catapult launch systems which were being used previously. 

Regional Insights

North America dominates the market in 2017. Aircraft Carrier Ships shall witness growth in the coming years. Although construction costs of aircraft carriers are high, US Navy, in the present scenario are unwilling to replace their aircraft carriers which are well armed, equipped with fighter aircraft as well as powered by dual nuclear reactors. Moreover, since the last few years, there have been various developments in the US for aircraft carriers. Additionally, in 2017, the US has commissioned their newest aircraft carrier, the USS General R. Ford, which is the first aircraft carrier belonging to the Ford class of aircraft carriers and are technologically advanced than the Nimitz class of aircraft carriers.

The United States dominates and accounts for a significant share in the North America Aircraft Carrier Ship Market in 2017.

Source: Mordor Intelligence Analysis

Source: Mordor Intelligence Analysis

Major Players:

BAE Systems plc, Babcock International Group PLC, General Dynamics Corporation, Huntington Ingalls Industries Inc, and Lockheed Martin Corporation among others.

Recent Developments:

May 2018: China has officially launched their first domestically built aircraft carrier. The aircraft carrier, though not officially named, shall begin sea trials from May 13th, 2018 before officially joining the Chinese Naval Force. 

Mar 2018: China Shipbuilding Industry Corporation has formulated plans which shall help in accelerating the construction process of China’s first nuclear-powered aircraft carriers. China Shipbuilding Industry Corporation (CSIC) highlighted that it shall be necessary to double the in order to reach the highest potential technological advancements in terms of aircraft carriers.

Report Scope:

Attribute

Details

Base Year for Estimation

2017

Forecast Period

2018 – 2023

Market Representation

Revenue in USD billion and CAGR from 2018 – 2023

Regions Covered

North America, South America, Middle-East & Africa, Asia-Pacific, and Europe

Report Coverage

Revenue forecast, market share analysis, and market dynamics

Reasons to Purchase the Report

  • Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Detailed analysis of the segment that is expected to register the highest growth rate
  • Study of the region and country that are expected to dominate the market
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate Sheet (in Excel)

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1. Introduction           

            1.1 Scope of Study      

            1.2 Market Definition

            1.3 Executive Summary         

2. Research Methodology                  

            2.1 Study Deliverables           

            2.2 Study Assumptions           

            2.3 Research Phases  

3. Market Insights                  

            3.1 Current Market Scenario 

            3.2 Technology Trends           

            3.3 Industry Attractiveness - Porter's Five Forces Analysis   

                        3.3.1 Bargaining Power of Buyers

                        3.3.2 Bargaining Power of Supplier

                        3.3.3 Threat of New Entrants

                        3.3.4 Threat of Substitute Products

                        3.3.5 Intensity of Competitive Rivalry

4. Market Dynamics              

            4.1 Drivers     

            4.2 Restraints 

            4.3 Opportunities       

5. Aircraft Carrier Ship Market, Segmented by Type           

            5.1 Amphibious Assault Ship  

            5.2 Helicopter Carrier

            5.3 Light Attack Aircraft Carriers      

            5.4 Fleet Carrier        

6. Aircraft Carrier Market, Segmented by Configuration                 

            6.1 Catapult-Assisted Take-off barrier arrested-recovery (CATOBAR)        

            6.2 Short Take-off but Arrested Recovery (STOBAR)

            6.3 Short Take-off but Vertical Recovery (STOVL)    

7. Aircraft Carrier Ship Market, Segmented by Geography             

            7.1 North America     

                        7.1.1 US

                        7.1.2 Canada

                        7.1.3 Mexico

                        7.1.4 Rest of North America

            7.2 Europe      

                        7.2.1 UK

                        7.2.2 France

                        7.2.3 Germany

                        7.2.4 Rest of Europe

            7.3 Asia-Pacific          

                        7.3.1 India

                        7.3.2 China

                        7.3.3 Japan

                        7.3.4 Rest of Asia-Pacific

            7.4 South America     

                        7.4.1 Brazil

                        7.4.2 Rest of South America

            7.5 Middle East & Africa       

                        7.5.1 Saudi Arabia

                        7.5.2 United Arab Emirates

                        7.5.3 South Africa

                        7.5.4 Rest of Middle East & Africa

8. Competitive Landscape                 

            8.1 Introduction         

            8.2 Market Share Analysis     

9. Company Profiles               

            9.1 BAE Systems plc   

            9.2 Babcock International Group PLC

            9.3 General Dynamics Corporation   

            9.4 Huntington Ingalls Industries Inc 

            9.5 Navantia   

            9.6 Lockheed Martin Corporation     

            9.7 Fincantieri SpA     

            9.8 Leonardo SpA       

            9.9 Naval Group         

10. Future of the Market                   

11. Disclaimer

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