From GlobeNewswire: 2024-08-02 19:00:00

The Global Aircraft Carrier Market is projected to grow from USD 1.4 billion in 2023 to USD 2.6 billion by 2033, with a CAGR of 6.39%. Major players like the US and China are investing in nuclear-powered carriers, stealth technology, and automation to enhance combat capabilities. North America leads the market, followed by Asia-Pacific due to significant military spending. North America is prioritizing advanced technologies like nuclear propulsion and stealth features in their carrier development, which is driving market growth. In Asia Pacific, countries like China and India are investing heavily in carrier fleets to bolster maritime security and force projection. The market will benefit from regional partnerships and advancements in propulsion systems and avionics. The Aircraft Carrier Market is dominated by key players like Lockheed Martin Corporation, BAE Systems PLC, and Huntington Ingalls Industries Inc. The Indian government’s plan to acquire a third indigenous aircraft carrier-2 (IAC-2) is expected to boost market growth. The market is segmented by type (Conventional-Powered, Nuclear-Powered), configuration (CATOBAR, STOBAR, STOVL), and region. Major players in the market are focusing on product development, partnerships, and strategic alliances to stay competitive in the global market.



Read more at GlobeNewswire: Global Aircraft Carrier Market Size To Worth USD 2.6