What is Nuclear Powered Naval Vessels Market Scope?
A nuclear powered naval vessel - be it a surface ship or a submarine - receives its propulsion energy from a nuclear power plant on board. Nuclear powered naval vessels have been widely used in the military since the 1950s as submarines and aircraft carriers, but only a few experimental civil nuclear ships exist, such as the N.S. Savannah, which was built as a part of the U.S. Atoms for Peace program.
The Nuclear Powered Naval Vessels market study is being classified by Type (Submerged vessels and Surface vessels), by Application (Transport and Defense) and major geographies with country level break-up.
Research Analyst at AMA predicts that Manufacturers from United States will contribute to the maximum growth of United States Nuclear Powered Naval Vessels market throughout the predicted period.
BAE Systems (United Kingdom), United Shipbuilding Corporation (USC) (United States), General Dynamics (United States), Lockheed Martin (United States), Huntington Ingalls Industries (United States), Northrop Grumman (United States), Airbus (France), Pratt & Whitney (United States), Raytheon (United States) and Rolls-Royce (United Kingdom) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of United States Nuclear Powered Naval Vessels market by Type, Application and Region.
On the basis of geography, the market of Nuclear Powered Naval Vessels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 3 Dec 2019, The US Navy on Monday awarded its most expensive shipbuilding contract ever, more than USD 22.2 billion worth of the world's most advanced submarines. The massive contract for nine nuclear-powered, Virginia class attack submarines comes just months after the head of the US Navy in the Pacific warned of a massive Chinese naval buildup and his trouble in getting enough submarines to counter it.
Influencing Market Trend
- Technological Advancements on the Nuclear Powered Naval Vessels
- The Rising Oil Prices is one of the Major Driver Boosting the Demand for the Nuclear Powered Naval Vessels
- High Speed Coupled with Economical As Compared to Conventionally Powered Vessels
- Nuclear Powered Naval Vessels Does not Cause Greenhouse Gases
- Growing Defense Budgets of the United States
- Nuclear Powered Ships Are Much More Expensive Than Those with Conventional Sources of Power
- Problems with the Stress on the Mechanical System, Salt-Water Corrosion, And Operation Under Shaking And Vibrations
Key Target AudienceNuclear Powered Naval Vessels Manufacturers, Nuclear Powered Naval Vessels Sub Component Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, End Users and Others
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