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Naval Vessels and Surface Combatants Market

Global Naval Vessels and Surface Combatants Market Share, Research: By Platform: Aircraft Carriers, Destroyers, Corvettes, Amphibious Ships, Frigates, Auxiliary Vessels; By System: Marine Engine System, Weapon Launch System, Sensor System, Control System; Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global Naval Vessels and Surface Combatants Market Outlook

The global naval vessels and surface combatants market is expected to grow at a CAGR of 2.60% between 2024 and 2032, driven by the rapid advancements of modern naval vessels and rising naval expenditure of the emerging economies.

 

naval vessels and surface combatants market

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Key Trends in the Market

Naval vessels and surface combatants are advanced and upgraded warships which are typically deployed at the time of war. Apart from attacking or defending a territory, naval vessels and surface combatants can also aid troops by providing ammunition and fuel. Ranging from frigates and corvettes to destroyers and amphibious ships, naval vessels and surface combatants can be of several types and can operate in toughest terrains.

 

  • The global naval vessels and surface combatants market growth is being propelled by the rapid development of modern naval vessel technologies such as unmanned vessels and IoT enabled combat warships. The robust growth of underwater vessels is another crucial market driving factor.
  • Emergence of 3D printing technology is a key market trend which is enabling the time-efficient development of warships and submarines with intricate geometries. Moreover, the penetration of artificial intelligence and machine learning are enabling better design possibilities.
  • The increasing number of naval exercises to bolster cooperation between naval powers, rising naval expenditure, growing oceanic tensions, and rising number of ocean exploration activities are some of the major driving factors of the global naval vessels and surface combatants market.

 

Market Analysis

 

naval vessels and surface combatants market by segments

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Based on platform, the market can be segmented into aircraft carriers, destroyers, corvettes, amphibious ships, frigates, and auxiliary vessels. On the basis of system, the market can be classified into marine engine system, weapon launch system, sensor system, control system, electrical system, auxiliary system, and communication system, among others. Based on application, the market is categorised into search and rescue, combat operations, MCM operations, and costal surveillance, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global naval vessels and surface combatants market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • ADSB
  • Austal Limited
  • BAE Systems Plc
  • General Dynamics Corporation
  • Damen Shipyards Group
  • Hyundai Heavy Industries Co., Ltd.
  • Mazagon Dock Shipbuilders Limited
  • Others

 

Market Share by Platform

The aircraft carrier platform, holds a significant share in the naval vessels and surface combatants market. Aircraft carriers are crucial in the navy to bolster maritime security. It provides cover for naval soldiers carrying out an operation, launch strikes on a threat, act as a responsive airbase, and can also act as a provider of humanitarian aid.

 

In addition, aircraft carriers are considered as a symbol of greatness by some sovereign military powers such as the United Kingdom. In emerging economies of the Asia Pacific, such as India, top-notch aircraft carriers such as Vikrant, are being commissioned which are adding to the growth of the global market for naval vessels and surface combatants.

 

Market Share by Application

The combat operations application accounts for a healthy share of the market for naval vessels and surface combatants. The increasing investments by the emerging military powers, aimed towards enhancing their sea attack capabilities amidst the escalating geopolitical tensions, is propelling the market growth.

 

Naval vessels and surface combatants such as cruise missile submarines are power houses which can augment the security of the country. Over the forecast period, the anticipated increase in demand for ballistic missiles submarines, littoral combat ships, assault ships, frigates, and destroyers, among others, are expected to aid the naval vessels and surface combatants market growth.

 

naval vessels and surface combatants market by region

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Competitive Landscape

ADSB or Abu Dhabi Ship Building company deals with the development, repair, and maintenance of commercial and naval vessels. The company was established in the year 1996 and is currently headquartered in Abu Dhabi in the United Arab Emirates. ADSB has networks across 21 countries and develops a wide range of naval vessels including offshore patrol vessels, corvettes, and multi-role combatants, among others.

 

Austal Limited is a prominent shipbuilding company based in Henderson, Australia that was founded in 1988. It is a prime contractor for defence, and a maritime technology partner for the design, construction, and support of both military and commercial vessels. Some of the notable vessels of Austal Limited include high-speed passenger ferries and patrol boats.

 

BAE Systems Plc was founded in 1999 and is currently headquartered in the United Kingdom. It specialises in advanced technology for defence applications that are used to protect people, nations, information, and infrastructure. The company is responsible for the development of products related to international defence, aerospace, and national security. It innovates in electronics and information technology solutions.

 

Other market players include General Dynamics Corporation, Damen Shipyards Group, Hyundai Heavy Industries Co., Ltd., and Mazagon Dock Shipbuilders Limited, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Platform
  • System
  • Application
  • Region
Breakup by Platform
  • Aircraft Carriers
  • Destroyers
  • Corvettes
  • Amphibious Ships
  • Frigates
  • Auxiliary Vessels
Breakup by System
  • Marine Engine System
  • Weapon Launch System
  • Sensor System
  • Control System
  • Electrical System
  • Auxiliary System
  • Communication System
  • Others
Breakup by Application
  • Search and Rescue
  • Combat Operations
  • MCM Operations
  • Costal Surveillance
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ADSB
  • Austal Limited
  • BAE Systems Plc
  • General Dynamics Corporation
  • Damen Shipyards Group
  • Hyundai Heavy Industries Co., Ltd.
  • Mazagon Dock Shipbuilders Limited
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Naval Vessels and Surface Combatants Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Naval Vessels and Surface Combatants Historical Market (2018-2023) 
    8.3    Global Naval Vessels and Surface Combatants Market Forecast (2024-2032)
    8.4    Global Naval Vessels and Surface Combatants Market by Platform
        8.4.1    Aircraft Carriers
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Destroyers
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Corvettes
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
        8.4.4    Amphibious Ships
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2023)
            8.4.4.3    Forecast Trend (2024-2032)
        8.4.5    Frigates
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2023)
            8.4.5.3    Forecast Trend (2024-2032)
        8.4.6    Auxiliary Vessels
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2023)
            8.4.6.3    Forecast Trend (2024-2032)
    8.5    Global Naval Vessels and Surface Combatants Market by System
        8.5.1    Marine Engine System
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Weapon Launch System
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Sensor System
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Control System
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2023)
            8.5.4.3    Forecast Trend (2024-2032)
        8.5.5    Electrical System
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2023)
            8.5.5.3    Forecast Trend (2024-2032)
        8.5.6    Auxiliary System
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2023)
            8.5.6.3    Forecast Trend (2024-2032)
        8.5.7    Communication System
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2018-2023)
            8.5.7.3    Forecast Trend (2024-2032)
        8.5.8    Others
    8.6    Global Naval Vessels and Surface Combatants Market by Application
        8.6.1    Search and Rescue
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Combat Operations
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    MCM Operations
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Costal Surveillance
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Naval Vessels and Surface Combatants Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021) 
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021) 
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021) 
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021) 
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021) 
            8.7.5.3    Forecast Trend (2022-2027)
9    North America Naval Vessels and Surface Combatants Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Naval Vessels and Surface Combatants Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Naval Vessels and Surface Combatants Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Naval Vessels and Surface Combatants Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Naval Vessels and Surface Combatants Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles    
        15.2.1    ADSB
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Austal Limited
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    BAE Systems Plc
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    General Dynamics Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Damen Shipyards Group
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Hyundai Heavy Industries Co., Ltd.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Mazagon Dock Shipbuilders Limited
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Naval Vessels and Surface Combatants Market: Key Industry Highlights, 2018 and 2032
2.    Global Naval Vessels and Surface Combatants Historical Market: Breakup by Platform (USD Million), 2018-2023
3.    Global Naval Vessels and Surface Combatants Market Forecast: Breakup by Platform (USD Million), 2024-2032
4.    Global Naval Vessels and Surface Combatants Historical Market: Breakup by System (USD Million), 2018-2023
5.    Global Naval Vessels and Surface Combatants Market Forecast: Breakup by System (USD Million), 2024-2032
6.    Global Naval Vessels and Surface Combatants Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global Naval Vessels and Surface Combatants Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global Naval Vessels and Surface Combatants Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Naval Vessels and Surface Combatants Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Naval Vessels and Surface Combatants Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Naval Vessels and Surface Combatants Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Naval Vessels and Surface Combatants Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Naval Vessels and Surface Combatants Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Naval Vessels and Surface Combatants Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Naval Vessels and Surface Combatants Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Naval Vessels and Surface Combatants Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Naval Vessels and Surface Combatants Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Naval Vessels and Surface Combatants Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Naval Vessels and Surface Combatants Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Naval Vessels and Surface Combatants Market Structure

Key Questions Answered in the Report

What is the growth rate of the global naval vessels and surface combatants market?

The market is estimated to grow at a CAGR of 2.60% in the forecast period of between 2024 and 2032.

What are the major drivers of the naval vessels and surface combatants market?

The rapid technological advancements in modern naval vessels such as unmanned warships, rising naval expenditure of emerging economies, increasing geopolitical tensions, and increasing efforts by various governments to boost the attack capabilities of combat ships, are the major drivers of the market.

What are the key trends of the market?

The key trends in the naval vessels and surface combatants market include the emergence of modern technologies and use of 3D printing which are enabling the time and cost-effective development of naval vessels with complex designs.

What are the various types of platforms for naval vessels and surface combatants?

The types of platforms for naval vessels and surface combatants are aircraft carriers, destroyers, corvettes, amphibious ships, frigates, and auxiliary vessels.

What are the different systems for naval vessels and surface combatants?

The different systems for naval vessels and surface combatants are marine engine systems, weapon launch systems, sensor systems, control systems, electrical systems, auxiliary systems, and communication systems, among others.

What is the purpose of naval vessels and surface combatants?

The main purpose of naval vessels and surface combatants is to protect a coastal territory of a sovereign nation. They can also carry out search and surveillance operations and attack enemy targets.

What are the categories of naval vessels and surface combatants?

The main three categories of naval vessels and surface combatants are submarines, cruisers, and carriers.

How long are surface combatants deployment?

Surface combatants can be deployed for over three years.

Who are the key players in the naval vessels and surface combatants market, according to the report?

ADSB, Austal Limited, BAE Systems Plc, General Dynamics Corporation, Damen Shipyards Group, Hyundai Heavy Industries Co., Ltd., and Mazagon Dock Shipbuilders Limited, among others, are the key market players, according to the report.

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