MARKET POTENTIAL

Navies in the Asia-Pacific are expected to spend US$108 billion In order to strengthen their submarine and surface combatant platforms and other maritime defence capabilities.  This expenditure makes the region the NUMBER ONE global maritime defence market over the next decade, according to U.S. based naval consultancy AMI International.

The region’s expenditure exceeds maritime defense expenditure in both the U.S. and Europe where projected naval expenditure for the U.S. over the next decade is $105 billion and Europe $99 billion.

A proportion of the Asia-Pacific expenditure, estimated at some $30 billion, will be spent on the acquisition of submarines, a clear demonstration that operating and maintaining an undersea fleet is no longer the domain of major world powers.  The remaining monies, some $78 billion will be spent on acquiring anti-submarine warships like frigates, corvettes and patrol vessels, many of which will have ASW capabilities.

In total, regional navies are expected to acquire a total of 841 vessels by 2016. Of these, 83 will be submarines together with more than 80 amphibious vessels that are expected to be purchased during the same period, reflecting Asia’s realization after the disastrous 2004 Tsunami that the region lacked ships that can be used for humanitarian relief efforts.

Asia Pacific Market Size – US$108B
Asia is the #1 Market for Naval Procurement over the Next Decade
Asia & Australia Market 2007-2016:
Largest Market for Naval Acquisitions

• 841 vessels will be procured in 16 countries
• Market size US$108B
• Trend towards the construction of:
• Patrol Vessels, Fast Attack Craft (FAC), Submarines, Amphibious Vessels