Global Naval Shipbuilding Market Size study & Forecast, by Type (Propeller, Water Jet, Special Thruster) by Application (Coastal defense, Maritime combat, Marine supply, Others) and Regional Analysis, 2022-2029

Global Naval Shipbuilding Market Size study & Forecast, by Type (Propeller, Water Jet, Special Thruster) by Application (Coastal defense, Maritime combat, Marine supply, Others) and Regional Analysis, 2022-2029

Global Naval Shipbuilding Market is valued at approximately USD xxx billion in 2021 and is anticipated to grow with a healthy growth rate of more than xxx% over the forecast period 2022-2029. Naval shipbuilding refers to the process of designing, constructing, and maintaining ships that are used for military purposes. These ships are specifically built to operate in a maritime environment and are equipped with weapons and other systems to support military operations at sea. The Naval Shipbuilding market is expanding because of factors such as increasing geo-political conflicts and the growing number of maritime trades.

The design of the ship, installation of weapons systems, and construction of the vessel are all part of naval shipbuilding. The naval ship is also tested and evaluated to ensure that it meets performance and safety requirements. According to the Council on Foreign Relations, The United States and China have had disagreements over the sovereignty of islands and maritime areas in the South China Sea. China has claimed most of the South China Sea, which is rich in natural resources and a key shipping lane, as its own territory, while the U.S. has insisted on the freedom of navigation and overflight. The U.S. has conducted several freedoms of navigation operations in the area, which involve sending naval vessels close to disputed islands or areas, to challenge China's claims. These operations have sometimes resulted in close encounters and warnings from Chinese military vessels. Another important component driving space increase is the number of maritime trades. As per Statista, in 2020 Asia accounted for most of the global maritime trade. The ports of the region loaded nearly 42% and unloaded roughly 67% of all goods transported by sea worldwide, China which accounts for some of the world's largest seaports. In addition, the volume of global seaborne trade is expected to be around 11 billion tons in 2021. Also, advancements in shipbuilding technologies and growing demand for seaborne surveillance would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Naval Shipbuilding stifles market growth throughout the forecast period of 2022-2029.


The key regions considered for the Global Naval Shipbuilding Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for cross-border surveillance and rising emphasis on naval modernization. According to the Statista, In the year of 2023, the U.S. Navy had 49 Nuclear Attack Submarines and 11 aircraft carriers at their disposal. In total, the U.S. Navy had 285 battle force ships at their disposal in that year. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to an increase in naval investments by the neighboring countries to procure and modernize their naval fleet, and active participation of government organizations in the market space.

Major market player included in this report are:

ThyssenKrupp Marine Systems AG
Damen Schelde Naval Shipbuilding (DSNS)
BAE Systems plc
Abu Dhabi Ship Building (ADSB)
Lockheed Martin Corporation
Huntington Ingalls Industries Inc
ASC Pty Ltd
Thales group
Hyundai Heavy Industries Co., Ltd.
Mazagon Docks Limited

Recent Developments in the Market:
 In February 2022, Lockheed Martin has been awarded a contract to supply MK 41 Vertical Launching System under the German Navy's F126 programme. This contract will help Lockheed increasing their naval capabilities and shipbuilding potential up to some extent.

Global Naval Shipbuilding Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Type
Propeller
Water Jet
Special Thruster

by Application
Coastal defense
Maritime combat
Marine supply
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
ThyssenKrupp Marine Systems AG
Damen Schelde Naval Shipbuilding (DSNS)
BAE Systems plc
Abu Dhabi Ship Building (ADSB)
Lockheed Martin Corporation
Huntington Ingalls Industries Inc
ASC Pty Ltd
Thales group
Hyundai Heavy Industries Co., Ltd.
Mazagon Docks Limited

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