The global naval vessels market stood at a value of around USD 108.01 Billion in 2025. The market is further expected to grow at a CAGR of 13.74% in the forecast period of 2026-2035 to reach USD 391.38 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
13.74%
Value in USD Billion
2026-2035
*this image is indicative*
The frigate segment based on vessel type accounts for a significant share in the market owing to its quick manoeuvrability and the ability to protect other large warships from air, surface, and underwater threats. In addition to this, frigates are highly effective in anti-submarine warfare (ASW) for amphibious expeditionary forces and merchant convoys. On the other hand, the aircraft carrier segment is estimated to witness a steady growth in the forecast period because of the rising investments by the major economies to bolster the carrying, arming, deploying, and covering facilities for an aircraft.
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The United States of America possesses a large number of naval vessels and has been increasing the budget for maintaining and advancing its military capabilities. The country is likely to increase its maritime capabilities by developing more aircraft carriers, frigates, corvettes, and submarines. Moreover, the growing export of naval vessels owing to the rising demand for efficient and durable warships from developing economies is anticipated to boost the market growth in North America in the forecast period.
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A naval vessel is defined as a type of ship used by the naval force of a country. It is also known as a warship or troop ship and can be floated, steered, or moved in the ocean or sea.
Market Breakup by Vessel Type
Market Breakup by Region
The global naval vessels industry is driven by the increasing government expenditure to expand maritime capabilities in major economies of the world. This can be attributed to the rising geopolitical tensions, increasing terrorism, and growing awareness pertaining to the protection of citizens from naval threats in the sovereign nations. Furthermore, the growing risk of potential maritime disputes owing to the ideology of expansionism is likely to boost the demand for naval vessels. The market will further be aided by the rising investments by governments to curb the cases of smuggling and human trafficking. Hence, the market is likely to witness a healthy growth in the forecast period.
The report gives a detailed analysis of the following key players in the global naval vessels market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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.
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In 2025, the global naval vessels market attained a value of nearly USD 108.01 Billion.
The market is estimated to grow at a CAGR of 13.74% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 391.38 Billion by 2035.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. Among these, North America accounts for the largest share in the market.
The major drivers of the industry, such as the increasing defence expenditure by the major economies and the growing risk of terrorism, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing expansion of major naval vessel manufacturers, coupled with the favourable government policies.
Destroyers, frigates, submarines, corvettes, and aircraft carriers, among others are the major segments based on vessel type.
The major players in the industry are BAE Systems Plc, General Dynamics Corporation, ThyssenKrupp AG, Abu Dhabi Ship Building Co., and Hyundai Heavy Industries Co. Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vessel Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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