TechNavio today launched its report Global Military Shipbuilding and Submarines Market 2011-2015 based on an in-depth analysis covering the US, and the Europe and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The Global Military Shipbuilding and Submarines market is expected to witness increasing collaborations between countries in the near future. Such collaborations between countries will help to reduce the cost associated with development programs and enable partnering countries to gain market share, as in the case of the joint partnership between France and Italy for the FREMM European multi-mission frigate program where the prime contractors are Armaris and Orizzonte Sistemi Navali. Furthermore, developing countries are building their naval product manufacturing capabilities by acquiring technologies from companies that have capabilities in this industry, which will drive the market in the future.”
According to the report, the increase in defense spending is one of the major factors driving the growth of the Global Military Shipbuilding and Submarines market. Governments in countries such as China, India, Brazil, Saudi Arabia, Russia, the United Arab Emirates, South Korea, and Spain are expected to increase their defense budget to double digits by 2015. The increase in government spending on national defense propels the demand for military ships and submarines. Hence, the allocation of a huge budget by various governments across the world is driving the Global Military Shipbuilding and Submarines market.
Further, the report discusses that the Global Military Shipbuilding and Submarines market is witnessing an increasing number of government regulations that are hindering its growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-military-shipbuilding-and-submar…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research report – Global Military Shipbuilding and Submarines Market 2011-2015
