Market Share of Aircraft Carrier Ship Industry
The aircraft carrier ship market is consolidated in nature. The prominent players in the aircraft carrier ship market are NAVANTIA SA, BAE Systems plc, General Dynamics Corporation, Huntington Ingalls Industries, Inc., and Naval Group.
The shipbuilding companies form long-term contracts with governments for the construction of aircraft carriers. HII supports US aircraft carrier construction programs. Naval Group, BAE Systems, and Navantia are some of the companies that support aircraft carrier programs in Europe.
In the Asia-Pacific region, many public-private partnerships support aircraft carrier construction in the region. For instance, INS Vishal Indigenous Aircraft Carrier 2 (IAC-2) is a planned aircraft carrier to be built by Cochin Shipyard Limited for the Indian Navy, which is to be commissioned in the 2030s. As the program is in its nascent stages, many companies will have a chance to become a part of the program in the coming years. The upcoming procurements and maintenance and modernization programs are anticipated to support the growth strategies of the companies.
Aircraft Carrier Ship Market Leaders
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BAE Systems plc
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General Dynamics Corporation
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Naval Group
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NAVANTIA, S.A.
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Huntington Ingalls Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
