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IMDEX Asia: Asia connects booming regional naval market

19th May 2015 - 11:49 GMT | by Tony Skinner in Singapore

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A profound shift in the balance of power has led to the reshaping of the global landscape in terms of defence spending, with Asia-Pacific emerging as the new frontier of growth for the maritime industry.

Today the region has surpassed Europe to become the world’s second largest naval market after the US. According to consultancy AMI International, Asia-Pacific is expected to spend around US$200 billion on new ships and submarines by 2031, making up roughly 25% of the global projected market for new naval vessels.

These are some of the reasons why Experia Events believes that IMDEX Asia 2015, Asia-Pacific’s

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Tony Skinner

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Tony Skinner

Tony Skinner is Shephard Media's Creative Director, overseeing the strategic direction, content development and project …

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