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Home » Aerospace and Defense » Maritime » Maritime Platforms

Naval Vessels and Surface Combatants Market Size and Trend Analysis including Segments (Frigate, Aircraft Carrier, Destroyer, Corvette, and Others), Key Programs, Competitive Landscape and Forecast, 2022-2032

The global naval vessels and surface combatants market is valued at $38.7 billion in 2022. The market is expected to grow at a CAGR of more than 3% during the forecast period. The North American region, supported by the US Navy’s multi-year procurement programs, is expected to maintain its leading position globally, exhibiting a steady pace of growth over the forecast period. Modernization drives initiated by leading countries across the globe to project naval power and increase regional influence will drive market growth over the next decade.

The naval vessels and surface combatants market report cover industry analysis including the key market drivers, trends, emerging technologies, and major challenges faced by industry participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for naval vessels and surface combatants market over the forecast period.

Naval vessels and surface combatants market overview

Naval vessels and surface combatants market overview

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What are the key naval vessels and surface combatants market drivers and trends?

Maritime trade constitutes more than 90% of overall global trade routes. Ensuring the safety of commercial vessels passing on maritime trade routes is a key responsibility of major economies around the world. Some of the maritime routes in areas such as the straits of Malacca and Gulf of Aden, and the coasts of Benin, Ghana, Nigeria, Congo-Brazzaville, and Cameroon, are highly prone to piracy. Similarly, the maritime routes can also be used for smuggling, illegal immigration, and launching terrorist attacks on coastal cities. Many countries are therefore investing in the procurement and modernization of naval vessels to protect their key maritime trade routes.

Various countries across the globe are focusing on the indigenous development and maintenance of their naval vessels to reduce their dependency on imports. Indigenously built ships can be customized, maintained, repaired, and overhauled in a domestic facility without depending on a foreign supplier for spare parts and other accessories. Furthermore, the government will be able to retain and generate a huge number of jobs in the shipbuilding sector, which in turn will contribute to the growth of the countrys overall economy. The indigenous shipbuilding initiatives also facilitate the advent of a strong industrial ecosystem. This also enables the local enterprises to integrate new functionality and weapons systems throughout the entire life span of the vessel.

What is the regional outlook of the naval vessels and surface combatants market?

The key regions in the naval vessels and surface combatants market are North America, the Middle East, Europe, Latin America, Africa, and Asia-Pacific. The market is expected to be led by North America followed by Asia-Pacific and Europe.

Naval vessels and surface combatants market, by regions

Naval vessels and surface combatants market, by regions

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What are the key segments in the naval vessels and surface combatants market?

The key segments in the naval vessels and surface combatants market are frigate, destroyer, light combat vessel, auxiliary vessel, amphibious ship, corvette, and aircraft career. The frigate is anticipated to be the largest segment in the naval vessels and surface combatants market during the forecast period followed by the destroyer and the light combat vessel segments.

Naval vessels and surface combatants market, by segments

Naval vessels and surface combatants market, by segments

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Which are the major companies in the naval vessels and surface combatants market?

The major companies in the naval vessels and surface combatants market are Huntington Ingalls Industries Inc, General Dynamics Corp, Damen Shipyards Group, Naval Group, Fincantieri SpA, BAE Systems Plc, United Shipbuilding Corp, China State Shipbuilding Corp, Navantia SA, Eastern Shipbuilding Group, Mitsubishi Heavy Industries Ltd, Daewoo Shipbuilding and Marine Engineering Co. Ltd, and Cochin Shipyard Ltd.

Naval vessels and surface combatants market, by companies

Naval vessels and surface combatants market, by companies

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Market Report Scope

Market size (2022) $38.7 billion
CAGR >3%
Forecast period 2022-2032
Key regions North America, Middle East, Europe, Latin America, Africa, and Asia-Pacific
Key segments Frigate, Destroyer, Light Combat Vessel, Auxiliary Vessel, Amphibious Ship, Corvette, and Aircraft Career.
Major defense companies Huntington Ingalls Industries Inc, General Dynamics Corp, Damen Shipyards Group, Naval Group, Fincantieri SpA, BAE Systems Plc, United Shipbuilding Corp, China State Shipbuilding Corp, Navantia SA, Eastern Shipbuilding Group, Mitsubishi Heavy Industries Ltd, Daewoo Shipbuilding and Marine Engineering Co. Ltd, and Cochin Shipyard Ltd

Scope

  • Market size and drivers: Detailed analysis during 2022-2032, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
  • Recent developments and industry challenges: Insights into technological developments and a detailed analysis of the existing naval vessels and surface combatants projects being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.
  • Regional highlights: A study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
  • Major programs: details of the key programs in each segment, which are expected to be executed during 2022-2032.
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the global naval vessels and surface combatants market. It provides an overview of key players, their strategic initiatives, and financial analysis.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the global naval vessels and surface combatants over the next ten years
  • Gain an in-depth understanding of the underlying factors driving demand for different naval vessels and surface combatants segments in the top spending countries across the world and identify the opportunities offered by each of them
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
  • Identify the major channels that are driving the global naval vessels and surface combatants market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global naval vessels and surface combatants market
  • Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top naval vessels and surface combatants solution providers around the world. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available

Key Players

Huntington Ingalls Industries

General Dynamics Corp

Damen Shipyards Group

Naval Group

United Shipbuilding Corporation

BAE Systems Plc

China State Shipbuilding Corporation

Eastern Shipbuilding Group

Cochin Shipyard Ltd

Navantia SA

Fincantieri SpA

Daewoo Shipbuilding and Marine Engineering Co Ltd

Mitsubishi Heavy Industries Ltd

Table of Contents

Table of Contents

Executive Summary

Global Naval Vessels and Surface Combatants Market: Overview

Market Dynamics

Demand Drivers

Trends

Technological Developments

Key Challenges

Global Naval Vessels and Surface Combatants Market: Segment Analysis

Segment Analysis: Frigate

Segment Analysis: Destroyer

Segment Analysis: Light Combat Vessel

Segment Analysis: Auxiliary Vessel

Segment Analysis: Amphibious Ship

Segment Analysis: Corvette

Segment Analysis: Aircraft Carrier

Global Naval Vessels and Surface Combatants Market Regional Analysis

Global Naval Vessels and Surface Combatants Regional Overview

Regional Analysis: North America

Supplier share analysis

Leading countries in the region

Regional volume share

Regional Analysis: Asia Pacific

Supplier share analysis

Leading countries in the region

Regional volume share

Regional Analysis: Europe

Supplier share analysis

Leading countries in the region

Regional volume share

Regional Analysis: Middle East

Supplier share analysis

Leading countries in the region

Regional volume share

Regional Analysis: Latin America

Supplier share analysis

Leading countries in the region

Regional volume share

Regional Analysis: Africa

Supplier share analysis

Leading countries in the region

Regional volume share

Competitive Landscape and Key Programs

Leading Market Players

Key Programs

Appendix

Frequently Asked Questions

The naval vessels and surface combatants market size is valued at $38.7 billion in 2022.

The naval vessels and surface combatants market is expected to grow at a CAGR of more than 3% during the forecast period.

The key regions in the naval vessels and surface combatants market are North America, the Middle East, Europe, Latin America, Africa, and Asia-Pacific.

The key segments in the naval vessels and surface combatants market are frigate, destroyer, light combat vessel, auxiliary vessel, amphibious ship, corvette, and aircraft career.

The major companies in the naval vessels and surface combatants market are Huntington Ingalls Industries Inc, General Dynamics Corp, Damen Shipyards Group, Naval Group, Fincantieri SpA, BAE Systems Plc, United Shipbuilding Corp, China State Shipbuilding Corp, Navantia SA, Eastern Shipbuilding Group, Mitsubishi Heavy Industries Ltd, Daewoo Shipbuilding and Marine Engineering Co. Ltd, and Cochin Shipyard Ltd.

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