Technavio market research analysts foresee positive growth for many segments of the defense industry in the next five years. In their recent findings, Technavio talks about three flourishing markets under the defense industry that are anticipated to generate significant revenues and grow at a consistent rate during the forecast period.
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Global Nuclear Powered Naval Vessels Market 2017-2021
Technavio analysts forecast the growth prospects of the global nuclear powered naval vessels market by taking into consideration the various factors that foster the growth of the overall defense industry. The sector is currently experiencing market advancements, especially in the fields of marine operational safety and automated technologies. The projected surge in the defense budgets of developing nations for the acquisition of advanced warship vessels is expected to drive the demand for nuclear powered naval vessels during the forecast period, 2017-2021. Analysts at Technavio also make informed predictions about trends that are likely to influence the market’s growth and the vendors who are likely to dominate the market space in the coming years. Request a sample report
Global Unmanned Sea Systems Market 2017-2021
The global market for unmanned sea systems market is projected to grow in tandem with the global markets for unmanned aerial vehicles and amphibious attack vehicles. According to the research analysts at Technavio, the demand for unmanned sea systems during the forecast period will be driven by the increased focus on acquiring advanced weaponry by governments. Governments of several countries, especially developing nations, are spending significantly on enhancing their defense capabilities due to the rise in terrorist and insurgent activities. Request a sample report
Global Maritime Patrol Aircraft Market 2017-2021
The global maritime patrol aircraft (MPA) market is projected to experience considerable growth during to the forecast period, accounting for a revenue of around USD 16 billion by 2021. The growth of the market is anticipated to be fueled fundamentally by the rise in investments made in the defense sector to combat tensions and address sovereign security matters. Geographically, the Americas dominate the global market for maritime patrol aircraft with the US being the largest revenue generating country in the region. Technavio analysts also identify the maritime patrol fixed-wing aircraft as the most popular type of MPA in the global market. Request a sample report
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