Japan Aircraft Carrier Market Size Insights Forecasts to 2032

• The Japan Aircraft Carrier Market Size was valued at USD xx.xx Billion in 2022.
• The Market is Growing at a CAGR of 3.2% from 2022 to 2032.
• The Japan Aircraft Carrier Market Size is expected to reach USD xx.xx Billion By 2032.

The Japan Aircraft Carrier Market Size is expected to reach USD xx.xx Billion By 2032, at a CAGR of 3.2% during the forecast period 2022 to 2032.

Market Overview

The Japanese Maritime Self-Defense Force (JMSDF) is currently building up its military capabilities, including converting Izumo-class destroyers into officially recognized aircraft carriers. However, Japan's pacifist constitution post-World War II has constrained the development and deployment of offensive military assets, including conventional aircraft carriers. On the contrary, Japan concentrated on retaining a self-defense force comprised mostly of ground, sea, and aviation troops. Japan refers to these ships as "helicopter destroyers" in order to retain a defensive posture in their military capabilities, however, these ships have been modified to accept F-35B short take-off and vertical landing (STOVL) stealth fighters, bringing them within range of aircraft carriers. However, in confronting regional security concerns such as North Korea's nuclear program and China's aggressiveness in the East China Sea, Japan has been steadily increasing its defense arsenal and military stance as of late.

Report Coverage

This research report categorizes the market for Japan Aircraft Carrier Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Aircraft Carrier Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Aircraft Carrier Market.

Driving Factors

Increasing Asia-Pacific disputes, notably with North Korea and China, are expected to drive Japan to expand its military capabilities. Developments in these factors could have an even greater impact on the country's attitude to aircraft carriers. Military capabilities increase in tandem with technological advancements. Shipbuilding, aviation, and military technology advancements may have a significant impact on the type and number of aircraft carriers Japan considers acquiring or developing. Additionally, Japan has a thriving shipbuilding industry. Assuming Japan agrees to conceptualize and construct new aircraft carriers, or perhaps radically modify current vessels, the Japanese shipbuilding industry could benefit.

Market Segment

• In 2022, the nuclear-powered segment accounted for the largest revenue share of more than 67.8% over the forecast period.

On the basis of type, the Japan Aircraft Carrier Market is segmented into conventional-powered and nuclear-powered. Among these, the nuclear-powered segment is dominating the market with the largest revenue share of 37.8% over the forecast period. Because nuclear power can carry twice as much aviation fuel as compared to conventionally powered aircraft carriers, it is likely to acquire market share during the estimated time frame. The primary drivers boosting the market include a growing emphasis on maritime security and greater utilization of nuclear energy. Japan is expected to produce power reactors, which will boost the nuclear-powered section during the predicted period.

• In 2022, The short take-off but vertical recovery segment accounted for the largest revenue share of more than 78.2% over the forecast period.

On the basis of configuration, the Japan Aircraft Carrier Market is segmented into catapult-assisted take-off but arrested recovery, short take-off but arrested recovery, and short take-off but vertical recovery. Among these, the short take-off but vertical recovery segment is dominating the market with the largest revenue share of 78.2% over the forecast period. Japan revealed plans in December 2018 to modify these Izumo-class "helicopter destroyers" to carry fighter jets, specifically the F-35B type. These F-35Bs are STOVL (Short Take-Off and Vertical Landing) aircraft. The addition of the STOVL F-35B to the modified Izumo-class "helicopter destroyers" signified a significant advancement in Japan's naval aviation capability.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan Aircraft Carrier Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Northrop Grumman Corporation
• Sumitomo Heavy Industries‎
• BAE system
• IHI Corporation‎
• Mitsubishi Heavy Industries
• Thales Group
• Komatsu Limited‎
• General Dynamics Corporation
• Hitachi, Ltd.
• Lockheed Martin Corporation
• Japan Marine United‎
• The Naval Group
• Kawasaki Heavy Industries

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• On May 2023, Rishi Sunak, Prime Minister of the United Kingdom, and Fumio Kishida, Prime Minister of Japan, will convene to sign a new agreement to strengthen security ties, including a UK promise to deploy an aircraft carrier strike group to the Indo-Pacific by 2025. The deal will also encompass trade and investment, research and technology collaboration, and coordinated measures to address global concerns such as climate change.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japan Aircraft Carrier Market based on the below-mentioned segments:

Japan Aircraft Carrier Market, By Type

• Conventional-Powered
• Nuclear-Powered

Japan Aircraft Carrier Market, By Configuration

• Catapult-Assisted Take-Off but Arrested Recovery
• Short Take-Off but Arrested Recovery
• Short Take-Off but Vertical Recovery

Japan Aircraft Carrier Market, By Technology

• Propulsion System
• Catapult System
• Fixed Wing Aircraft
• Command and Control System
• Missile Launching System
• Radar System
• Radar Absorbent Material
• Others