Arlington, VA, August 12, 2010 --(PR.com
)-- AMI International forecasts continuing strong investment in new ships and related systems in the Asia-Pacific region over the next decade.
AMI, a leading provider of market analysis and consulting for naval, maritime security and unmanned systems markets, released its latest Asian Naval Market Forecast this month. This study is the first of several regional market assessments AMI is providing as Knowledge Partner for Singapore Airshow and Events’ IMDEX Asia 2011 (International Maritime Defense Exhibition and Conference) to be held in Singapore 17-19 May 2011.
AMI’s Zach Peterson, Senior Naval Market Consultant, notes the contrast between static or declining naval budgets in other regions and the continued growth of naval investments in the Asia-Pacific zone. Common trends include new aircraft carrier program, larger aviation capable amphibious ships, naval aviation, modern submarines, and maritime security platforms and systems.
Peterson adds that regional threat perceptions are helping drive this investment, together with a longer view of the strong connection between strong navies and strong economies.
AMI forecasts the “top 5” for the region’s forecasted naval spending over the next 20 years are:
· Republic of Korea
All these nations are building “full spectrum” navies capable of a wide array of missions, from humanitarian and disaster relief to long range air and ballistic missile defense.
Other highlights from AMI’s most recent Asian Naval Market Forecast:
· India has outpaced China as AMI’s forecasted top spender on new construction naval ships and systems over the next 20 years. AMI expects India to spend US$39.35B in new ships and systems compared to China’s US$24.93B. However, open source information on Chinese naval spending remains limited, so real Chinese naval new construction spending may well be higher than India’s.
· Forecasted investment for the region is particularly strong in patrol craft for maritime security, multi-mission frigates, and larger amphibious ships (10,000-20,000 tons full load displacement) answering the call in a wide range of support and disaster relief missions. Submarine spending in the region will also be substantial over the next two decades, with AMI projecting about 100 new hulls worth a total of US$53B.
About AMI International:
Headquartered in Bremerton, Washington, and operating out of a newly opened DC Office in Arlington, VA, AMI has 25 years of experience in forecasting, trend assessments and advisory services in global naval, maritime security, and unmanned systems markets. AMI’s customer base spans 18 countries on 5 continents.
AMI tracks naval business opportunities in over 70 countries that consistently invest in naval and maritime security capabilities. The company’s product line includes naval, missile and unmanned systems market research databases. Its flagship “Hot News” monthly naval market newsletter is considered a “must read” for key players in the industry. In addition to its online market intelligence, AMI provides focused consulting services to a wide range of customers. AMI maintains an active dialogue with senior navy leadership, key decision-makers in the naval and defense industry, leading defense news publications, and its unmatched global network of advisors and affiliates.
For more information about AMI’s products or services, visit www.amiinter.com