Key vendors to focus on the implementation of lightweight materials, electric technologies, and robust systems
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global aircraft carriers market in their latest research report. This report also lists 5 other prominent vendors who are expected to contribute to this market’s growth between 2016 and 2020.
To identify the top vendors, Technavio’s market research analysts provides a comprehensive overview, market shares, and growth opportunities for these types of aircraft carriers such as conventional-powered aircraft carriers, and nuclear-powered aircraft carriers. Conventional-powered aircraft carriers are powered by gas turbines and diesel engines for their propulsion while the nuclear-powered aircraft carriers are powered by nuclear engines for their propulsion.
This Technavio report, under defense vertical, is based on the synthesis, analysis, and interpretation of information about the global aircraft carriers market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive scenario
The key areas where the market player can have a competitive edge over their peers are in-house manufacturing capabilities, global footprint network, newer technologies, product offerings, R&D investments, and a strong client base. There is a presence of intense competition in the global aircraft carriers, where the vendors compete based on reliability, product quality, cost, and aftermarket service.
“Vendors in the market provide cost-effective and high-quality aircraft carriers equipped with the latest technologies to survive the fierce competition. They have to focus on geographical expansion and product innovation as the growth of the vendors is primarily dependent on industry development, government support, and market conditions. They are mainly emphasise the implementation of lightweight materials, electric technologies, and robust systems,” says Moutushi Saha, a lead analyst at Technavio for research on defense.
Mergers and acquisitions, along with increased collaboration with alliance partners globally will drive the global aircraft carriers market during the forecast period. Government organizations such as the US DoD and the UK MoD certify the aircraft carriers of every vendor and encourage the use of such vessels as they add a caliber to the ongoing naval operations. As a result, the vendors invest in creating new, cost-efficient and effective aircraft carriers for use of the naval forces.
Top five vendors in the aircraft carriers market space
BAE Systems
BAE Systems was founded by a merger between the defense arm of General Electric, Marconi Electronic Systems, and British Aerospace. BAE Systems is the leading member of Aircraft Carrier Alliance, a union formed by BAE Systems, Babcock, Thales, and the UK MoD.
Key Products: HMS Queen Elizabeth and HMS Prince of Wales
DCNS
DCNS is a member of the United Nations Global Compact, a leader in the naval defense in Europe, and a leading player in the marine renewable energies. DCNS supports, designs, and builds submarines and surface combatants as well as associated systems and infrastructures. It proposes services for the naval bases and shipyards and develops solutions for the civil nuclear engineering and marine renewal energy. DCNS is focusing on increasing its R&D investments through collaborations and partnerships. For instance, DCNS announced its collaboration with ONERA, an aeronautics research firm. The company anticipates that this collaboration will accelerate development and innovation in the marine industry, increase the proportion of combined R&D investment, and propose new joint R&D projects in the marine and naval domain, including weapon systems.
Key products: Charles de Gaulle
Fincantieri
Fincantieri designs and develops cruise ships, aircraft carriers, and large ferries. It also deals in the manufacture of other naval vessels such as corvettes, frigates, patrol vessels, and submarines. The company develops and provides its services primarily to the Italian Navy.
Key products: Cavour and Giuseppe Garibaldi
Huntington Ingalls Industries
Huntington Ingalls Industries engages in the overhaul, manufacture, and repair of ships primarily for the US Navy and the US Coast Guard. It designs and develops nuclear-powered aircraft carriers for the US Navy. Moreover, Huntington Ingalls Industries is the major contractor for the development of the three future nuclear-powered aircraft carriers of the US Navy.
Key products: Gerald R. Ford (CVN 78), John F. Kennedy (CVN 79), and USS Enterprise (CVN 65)
Navantia
Navantia is a state-owned company in Spain, which belongs to the Sociedad Estatal de Participaciones Industriales (SEPI). The company is a leading player in the world in various product categories such as technology transfer, turbine and diesel engine manufacturing, designing and manufacturing of combat and control system, designing and construction of civil and military vessels, and support to the service life of its vessels and systems. Navantia was the main contractor for the design and development of the aircrafts for Royal Thai Navy and the Spanish Navy. The company is strengthening its presence in the Australian shipping industry to expand geographically and will have a team of highly qualified technicians working on the construction of air warfare destroyers (AWD).
Key products: HTMS Chakri Naruebet and Juan Carlos-I (L61)
Other prominent vendors in this market include Babcock Marine, Cochin Shipyard, General Dynamics, Thales, United Shipbuilding Corporation.
A more detailed analysis is available in the Technavio report, ‘Global Aircraft Carriers Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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