Naval Vessels and Surface Combatants Market

Naval Vessels and Surface Combatants Market



Growth Factors of Naval Vessels and Surface Combatants Market

The global naval vessels and surface combatants market size was valued at USD 429.10 billion in 2022 and is projected to grow from USD 460.38 billion in 2023 to USD 674.80 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period of 2023-2030.

Some challenges, such as supply chain disruptions because of Covid 19 restrictions, limitations, and lack of workforce, impacted the Naval Vessels and Surface Combatants Market. In the interruption caused by COVID-19, numerous defense tasks were either slowed or stopped due to budget changes to address the pandemic, which contributed to the naval vessels and surface combatants growth.

The Naval Vessels and Surface Combatants Market is stimulated by increasing geopolitical conflicts, innovative protection expenditures, and upgrades of traditional fleets. Demand for superior naval abilities and technological innovations, including more desirable stealth and automation, similarly propel market increase.

There are more uses for unmanned and autonomous systems in the naval vessels and floor fighters markets. Regarding usage, the ROVs are used in inspection, maintenance, and mine countermeasures. Two large segments, which include the unmanned naval vessels and surface combatants, are being designed for surveillance and recces as well as counter-mine to be included in the naval vessels and surface combatants market share. Submersibles have become adequately autonomous such that ROVs and USVs can operate independently and perform their tasks safely.

Comprehensive Analysis of Naval Vessels and Surface Combatants Market

The Naval Vessels and Surface Combatants Market is segmented using delivery type, machine, solution, and alertness. By deliver kind, destroyers are anticipated to grow quickest due to their multifunctional roles, with amphibious ships additionally gaining popularity for his or her versatility. Marine engines are leading the marketplace with gadgets, using massive growth in auxiliary and weapon launch systems. By solution, the healthy line segment is predicted to develop rapidly because of indigenous delivery production, while retrofit efforts are also on the upward push. By application, coastal operations are the quickest-developing phase, driven by accelerated naval exercises, while seek and rescue operations maintain the most significant marketplace percentage.

The Asia Pacific region led the naval vessels and surface combatants market by benefitting a size of USD 191.49 billion in 2022 due to the rising defense spending in countries of this region.

The leading players in the naval vessels and surface combatants market play a crucial role in shaping its growth trajectory and establishing industry standards. Key companies, including BAE Systems (U.K.), Mazagon Dock Shipbuilders Limited (India), Garden Reach Shipbuilders and Engineers (GRSE) (India), Hyundai Heavy Industries Co. Ltd. (South Korea), FINCANTIERI S.p.A. (Italy), General Dynamics Corp NASSCO (U.S.), Larsen & Toubro Ltd. (India), Navantia (Spain), ThyssenKrupp Marine Systems (Germany), and Damen Shipyards Group (Netherlands), contribute to a competitive landscape, driving innovation and advancement in naval technologies.

In April 2023, BAE Systems secured a contract with the U.K. Ministry of Defence to provide an engineering guide for conversation, command, manage, pc, and intelligence (C4I) offerings for floor vessels. The settlement is valued at USD 57 million. As part of this agreement, BAE Systems will assist with C4I offerings and facts deliverables across all five phases of shipboard integration.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.6% from 2023-2030

Unit Value (USD Billion)

Segmentation By Ship Type

Destroyers

Corvettes

Submarines

Amphibious Ships

Frigates

Auxiliary Vessels

Others

By System

Marine Engine System

Weapon Launch System

Sensor System

Control System

Electrical System

Auxiliary System

Communication System

Others

By Solution

Line Fit

Retro Fit

By Application

Search and Rescue

Combat Operations

MCM Operations

Coastal Operations

Others

By Geography

North America (By Ship Type, System, Solution, Application, and Country)
  • U.S. (By Ship Type)
  • Canada (By Ship Type)
Europe (By Ship Type, System, Solution, Application, and Country)
  • U.K. (By Ship Type)
  • Germany (By Ship Type)
  • France (By Ship Type)
  • Italy (By Ship Type)
  • Russia (By Ship Type)
  • Rest of Europe (By Ship Type)
Asia Pacific (By Ship Type, System, Solution, Application, and Country)
  • China (By Ship Type)
  • India (By Ship Type)
  • Japan (By Ship Type)
  • South Korea (By Ship Type)
  • Australia (By Ship Type)
  • Rest of Asia Pacific (By Ship Type)
Middle East & Africa (By Ship Type, System, Solution, Application, and Country)
  • Turkey (By Ship Type)
  • Egypt (By Ship Type)
  • Iran (By Ship Type)
  • South Africa (By Ship Type)
  • Rest of Middle East (By Application)
Latin America (By Ship Type, System, Solution, Application, and Country)
  • Brazil (By Ship Type)
  • Colombia (By Ship Type)
  • Mexico (By Ship Type)
  • Argentina (By Ship Type)
  • Rest of Latin America (By Ship Type )


  • Please Note: It will take 5-6 business days to complete the report upon order confirmation.


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
4.2. Latest Technological Advancements
4.3. Porters Five Forces Analysis
4.4. Supply Chain Analysis
4.5. Qualitative Insights
4.5.1. Impact of COVID-19 Pandemic on Global Naval Vessels and Surface Combatants Market
4.5.2. Impact of Russia-Ukraine War on Global Naval Vessels and Surface Combatants Market
5. Global Naval Vessels and Surface Combatants Market Analysis, Insights and Forecast, 2019-2030
5.1. Key Findings / Definition
5.2. Market Analysis, Insights and Forecast - By Ship Type
5.2.1. Destroyers
5.2.2. Corvettes
5.2.3. Submarines
5.2.4. Amphibious Ships
5.2.5. Frigates
5.2.6. Auxiliary Vessels
5.2.7. Others
5.3. Market Analysis, Insights and Forecast - By System
5.3.1. Marine Engine System
5.3.2. Weapon Launch System
5.3.3. Sensor System
5.3.4. Control System
5.3.5. Electrical System
5.3.6. Auxiliary System
5.3.7. Communication System
5.3.8. Others
5.4. Market Analysis, Insights and Forecast - By Solution
5.4.1. Line Fit
5.4.2. Retro Fit
5.5. Market Analysis, Insights and Forecast - By Application
5.5.1. Search & Rescue
5.5.2. Combat Operations
5.5.3. MCM Operations
5.5.4. Coastal Operations
5.5.5. Others
5.6. Market Analysis, Insights and Forecast - By Region
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East & Africa
5.6.5. Latin America
6. North America Naval Vessels and Surface Combatants Market Analysis, Insights and Forecast, 2019-2030
6.1. Market Analysis, Insights and Forecast - By Ship Type
6.1.1. Destroyers
6.1.2. Corvettes
6.1.3. Submarines
6.1.4. Amphibious Ships
6.1.5. Frigates
6.1.6. Auxiliary Vessels
6.1.7. Others
6.2. Market Analysis, Insights and Forecast - By System
6.2.1. Marine Engine System
6.2.2. Weapon Launch System
6.2.3. Sensor System
6.2.4. Control System
6.2.5. Electrical System
6.2.6. Auxiliary System
6.2.7. Communication System
6.2.8. Others
6.3. Market Analysis, Insights and Forecast - By Solution
6.3.1. Line Fit
6.3.2. Retro Fit
6.4. Market Analysis, Insights and Forecast - By Application
6.4.1. Search & Rescue
6.4.2. Combat Operations
6.4.3. MCM Operations
6.4.4. Coastal Operations
6.4.5. Others
6.5. Market Analysis, Insights and Forecast - By Country
6.5.1. U.S.
6.5.1.1. Market Analysis, Insights and Forecast - By Ship Type
6.5.1.1.1. Destroyers
6.5.1.1.2. Corvettes
6.5.1.1.3. Submarines
6.5.1.1.4. Amphibious Ships
6.5.1.1.5. Frigates
6.5.1.1.6. Auxiliary Vessels
6.5.1.1.7. Others
6.5.2. Canada
6.5.2.1. Market Analysis, Insights and Forecast - By Ship Type
6.5.2.1.1. Destroyers
6.5.2.1.2. Corvettes
6.5.2.1.3. Submarines
6.5.2.1.4. Amphibious Ships
6.5.2.1.5. Frigates
6.5.2.1.6. Auxiliary Vessels
6.5.2.1.7. Others
7. Europe Naval Vessels and Surface Combatants Market Analysis, Insights and Forecast, 2019-2030
7.1. Market Analysis, Insights and Forecast - By Ship Type
7.1.1. Destroyers
7.1.2. Corvettes
7.1.3. Submarines
7.1.4. Amphibious Ships
7.1.5. Frigates
7.1.6. Auxiliary Vessels
7.1.7. Others
7.2. Market Analysis, Insights and Forecast - By System
7.2.1. Marine Engine System
7.2.2. Weapon Launch System
7.2.3. Sensor System
7.2.4. Control System
7.2.5. Electrical System
7.2.6. Auxiliary System
7.2.7. Communication System
7.2.8. Others
7.3. Market Analysis, Insights and Forecast - By Solution
7.3.1. Line Fit
7.3.2. Retro Fit
7.4. Market Analysis, Insights and Forecast - By Application
7.4.1. Search & Rescue
7.4.2. Combat Operations
7.4.3. MCM Operations
7.4.4. Coastal Operations
7.4.5. Others
7.5. Market Analysis, Insights and Forecast - By Country
7.5.1. U.K.
7.5.1.1. Market Analysis, Insights and Forecast - By Ship Type
7.5.1.1.1. Destroyers
7.5.1.1.2. Corvettes
7.5.1.1.3. Submarines
7.5.1.1.4. Amphibious Ships
7.5.1.1.5. Frigates
7.5.1.1.6. Auxiliary Vessels
7.5.1.1.7. Others
7.5.2. Germany
7.5.2.1. Market Analysis, Insights and Forecast - By Ship Type
7.5.2.1.1. Destroyers
7.5.2.1.2. Corvettes
7.5.2.1.3. Submarines
7.5.2.1.4. Amphibious Ships
7.5.2.1.5. Frigates
7.5.2.1.6. Auxiliary Vessels
7.5.2.1.7. Others
7.5.3. France
7.5.3.1. Market Analysis, Insights and Forecast - By Ship Type
7.5.3.1.1. Destroyers
7.5.3.1.2. Corvettes
7.5.3.1.3. Submarines
7.5.3.1.4. Amphibious Ships
7.5.3.1.5. Frigates
7.5.3.1.6. Auxiliary Vessels
7.5.3.1.7. Others
7.5.4. Italy
7.5.4.1. Market Analysis, Insights and Forecast - By Ship Type
7.5.4.1.1. Destroyers
7.5.4.1.2. Corvettes
7.5.4.1.3. Submarines
7.5.4.1.4. Amphibious Ships
7.5.4.1.5. Frigates
7.5.4.1.6. Auxiliary Vessels
7.5.4.1.7. Others
7.5.5. Russia
7.5.5.1. Market Analysis, Insights and Forecast - By Ship Type
7.5.5.1.1. Destroyers
7.5.5.1.2. Corvettes
7.5.5.1.3. Submarines
7.5.5.1.4. Amphibious Ships
7.5.5.1.5. Frigates
7.5.5.1.6. Auxiliary Vessels
7.5.5.1.7. Others
7.5.6. Rest of Europe
7.5.6.1. Market Analysis, Insights and Forecast - By Ship Type
7.5.6.1.1. Destroyers
7.5.6.1.2. Corvettes
7.5.6.1.3. Submarines
7.5.6.1.4. Amphibious Ships
7.5.6.1.5. Frigates
7.5.6.1.6. Auxiliary Vessels
7.5.6.1.7. Others
8. Asia Pacific Naval Vessels and Surface Combatants Market Analysis, Insights and Forecast, 2019-2030
8.1. Market Analysis, Insights and Forecast - By Ship Type
8.1.1. Destroyers
8.1.2. Corvettes
8.1.3. Submarines
8.1.4. Amphibious Ships
8.1.5. Frigates
8.1.6. Auxiliary Vessels
8.1.7. Others
8.2. Market Analysis, Insights and Forecast - By System
8.2.1. Marine Engine System
8.2.2. Weapon Launch System
8.2.3. Sensor System
8.2.4. Control System
8.2.5. Electrical System
8.2.6. Auxiliary System
8.2.7. Communication System
8.2.8. Others
8.3. Market Analysis, Insights and Forecast - By Solution
8.3.1. Line Fit
8.3.2. Retro Fit
8.4. Market Analysis, Insights and Forecast - By Application
8.4.1. Search & Rescue
8.4.2. Combat Operations
8.4.3. MCM Operations
8.4.4. Coastal Operations
8.4.5. Others
8.5. Market Analysis, Insights and Forecast - By Country
8.5.1. China
8.5.1.1. Market Analysis, Insights and Forecast - By Ship Type
8.5.1.1.1. Destroyers
8.5.1.1.2. Corvettes
8.5.1.1.3. Submarines
8.5.1.1.4. Amphibious Ships
8.5.1.1.5. Frigates
8.5.1.1.6. Auxiliary Vessels
8.5.1.1.7. Others
8.5.2. India
8.5.2.1. Market Analysis, Insights and Forecast - By Ship Type
8.5.2.1.1. Destroyers
8.5.2.1.2. Corvettes
8.5.2.1.3. Submarines
8.5.2.1.4. Amphibious Ships
8.5.2.1.5. Frigates
8.5.2.1.6. Auxiliary Vessels
8.5.2.1.7. Others
8.5.3. Japan
8.5.3.1. Market Analysis, Insights and Forecast - By Ship Type
8.5.3.1.1. Destroyers
8.5.3.1.2. Corvettes
8.5.3.1.3. Submarines
8.5.3.1.4. Amphibious Ships
8.5.3.1.5. Frigates
8.5.3.1.6. Auxiliary Vessels
8.5.3.1.7. Others
8.5.4. South Korea
8.5.4.1. Market Analysis, Insights and Forecast - By Ship Type
8.5.4.1.1. Destroyers
8.5.4.1.2. Corvettes
8.5.4.1.3. Submarines
8.5.4.1.4. Amphibious Ships
8.5.4.1.5. Frigates
8.5.4.1.6. Auxiliary Vessels
8.5.4.1.7. Others
8.5.5. Austalia
8.5.5.1. Market Analysis, Insights and Forecast - By Ship Type
8.5.5.1.1. Destroyers
8.5.5.1.2. Corvettes
8.5.5.1.3. Submarines
8.5.5.1.4. Amphibious Ships
8.5.5.1.5. Frigates
8.5.5.1.6. Auxiliary Vessels
8.5.5.1.7. Others
8.5.6. Rest of Asia Pacific
8.5.6.1. Market Analysis, Insights and Forecast - By Ship Type
8.5.6.1.1. Destroyers
8.5.6.1.2. Corvettes
8.5.6.1.3. Submarines
8.5.6.1.4. Amphibious Ships
8.5.6.1.5. Frigates
8.5.6.1.6. Auxiliary Vessels
8.5.6.1.7. Others
9. Middle East & Africa Naval Vessels and Surface Combatants Market Analysis, Insights and Forecast, 2019-2030
9.1. Market Analysis, Insights and Forecast - By Ship Type
9.1.1. Destroyers
9.1.2. Corvettes
9.1.3. Submarines
9.1.4. Amphibious Ships
9.1.5. Frigates
9.1.6. Auxiliary Vessels
9.1.7. Others
9.2. Market Analysis, Insights and Forecast - By System
9.2.1. Marine Engine System
9.2.2. Weapon Launch System
9.2.3. Sensor System
9.2.4. Control System
9.2.5. Electrical System
9.2.6. Auxiliary System
9.2.7. Communication System
9.2.8. Others
9.3. Market Analysis, Insights and Forecast - By Solution
9.3.1. Line Fit
9.3.2. Retro Fit
9.4. Market Analysis, Insights and Forecast - By Application
9.4.1. Search & Rescue
9.4.2. Combat Operations
9.4.3. MCM Operations
9.4.4. Coastal Operations
9.4.5. Others
9.5. Market Analysis, Insights and Forecast - By Country
9.5.1. Turkey
9.5.1.1. Market Analysis, Insights and Forecast - By Ship Type
9.5.1.1.1. Destroyers
9.5.1.1.2. Corvettes
9.5.1.1.3. Submarines
9.5.1.1.4. Amphibious Ships
9.5.1.1.5. Frigates
9.5.1.1.6. Auxiliary Vessels
9.5.1.1.7. Others
9.5.2. Egypt
9.5.2.1. Market Analysis, Insights and Forecast - By Ship Type
9.5.2.1.1. Destroyers
9.5.2.1.2. Corvettes
9.5.2.1.3. Submarines
9.5.2.1.4. Amphibious Ships
9.5.2.1.5. Frigates
9.5.2.1.6. Auxiliary Vessels
9.5.2.1.7. Others
9.5.3. Iran
9.5.3.1. Market Analysis, Insights and Forecast - By Ship Type
9.5.3.1.1. Destroyers
9.5.3.1.2. Corvettes
9.5.3.1.3. Submarines
9.5.3.1.4. Amphibious Ships
9.5.3.1.5. Frigates
9.5.3.1.6. Auxiliary Vessels
9.5.3.1.7. Others
9.5.4. South Africa
9.5.4.1. Market Analysis, Insights and Forecast - By Ship Type
9.5.4.1.1. Destroyers
9.5.4.1.2. Corvettes
9.5.4.1.3. Submarines
9.5.4.1.4. Amphibious Ships
9.5.4.1.5. Frigates
9.5.4.1.6. Auxiliary Vessels
9.5.4.1.7. Others
9.5.5. Rest of Middle East & Africa
9.5.5.1. Market Analysis, Insights and Forecast - By Ship Type
9.5.5.1.1. Destroyers
9.5.5.1.2. Corvettes
9.5.5.1.3. Submarines
9.5.5.1.4. Amphibious Ships
9.5.5.1.5. Frigates
9.5.5.1.6. Auxiliary Vessels
9.5.5.1.7. Others
10. Latin America Naval Vessels and Surface Combatants Market Analysis, Insights and Forecast, 2019-2030
10.1. Market Analysis, Insights and Forecast - By Ship Type
10.1.1. Destroyers
10.1.2. Corvettes
10.1.3. Submarines
10.1.4. Amphibious Ships
10.1.5. Frigates
10.1.6. Auxiliary Vessels
10.1.7. Others
10.2. Market Analysis, Insights and Forecast - By System
10.2.1. Marine Engine System
10.2.2. Weapon Launch System
10.2.3. Sensor System
10.2.4. Control System
10.2.5. Electrical System
10.2.6. Auxiliary System
10.2.7. Communication System
10.2.8. Others
10.3. Market Analysis, Insights and Forecast - By Solution
10.3.1. Line Fit
10.3.2. Retro Fit
10.4. Market Analysis, Insights and Forecast - By Application
10.4.1. Search & Rescue
10.4.2. Combat Operations
10.4.3. MCM Operations
10.4.4. Coastal Operations
10.4.5. Others
10.5. Market Analysis, Insights and Forecast - By Country
10.5.1. Brazil
10.5.1.1. Market Analysis, Insights and Forecast - By Ship Type
10.5.1.1.1. Destroyers
10.5.1.1.2. Corvettes
10.5.1.1.3. Submarines
10.5.1.1.4. Amphibious Ships
10.5.1.1.5. Frigates
10.5.1.1.6. Auxiliary Vessels
10.5.1.1.7. Others
10.5.2. Colombia
10.5.2.1. Market Analysis, Insights and Forecast - By Ship Type
10.5.2.1.1. Destroyers
10.5.2.1.2. Corvettes
10.5.2.1.3. Submarines
10.5.2.1.4. Amphibious Ships
10.5.2.1.5. Frigates
10.5.2.1.6. Auxiliary Vessels
10.5.2.1.7. Others
10.5.3. Mexico
10.5.3.1. Market Analysis, Insights and Forecast - By Ship Type
10.5.3.1.1. Destroyers
10.5.3.1.2. Corvettes
10.5.3.1.3. Submarines
10.5.3.1.4. Amphibious Ships
10.5.3.1.5. Frigates
10.5.3.1.6. Auxiliary Vessels
10.5.3.1.7. Others
10.5.4. Argentina
10.5.4.1. Market Analysis, Insights and Forecast - By Ship Type
10.5.4.1.1. Destroyers
10.5.4.1.2. Corvettes
10.5.4.1.3. Submarines
10.5.4.1.4. Amphibious Ships
10.5.4.1.5. Frigates
10.5.4.1.6. Auxiliary Vessels
10.5.4.1.7. Others
10.5.5. Rest of Latin America
10.5.5.1. Market Analysis, Insights and Forecast - By Ship Type
10.5.5.1.1. Destroyers
10.5.5.1.2. Corvettes
10.5.5.1.3. Submarines
10.5.5.1.4. Amphibious Ships
10.5.5.1.5. Frigates
10.5.5.1.6. Auxiliary Vessels
10.5.5.1.7. Others
11. Competitive Analysis
11.1. Global Market Rank Analysis (2022)
11.2. Competitive Dashboard
12. Company Profiles
12.1. BAE Systems
12.1.1. Overview
12.1.2. Products & Services
12.1.3. SWOT Analysis
12.1.4. Recent Developments
12.1.5. Strategies
12.1.6. Financials (Based on Availability)
12.2. Mazagon Docks Ltd.
12.2.1. Overview
12.2.2. Products & Services
12.2.3. SWOT Analysis
12.2.4. Recent Developments
12.2.5. Strategies
12.2.6. Financials (Based on Availability)
12.3. Garden Reach Shipbuilders and Engineers (GRSE)
12.3.1. Overview
12.3.2. Products & Services
12.3.3. SWOT Analysis
12.3.4. Recent Developments
12.3.5. Strategies
12.3.6. Financials (Based on Availability)
12.4. Hyundai Heavy Industries Co. Ltd (HHI)
12.4.1. Overview
12.4.2. Products & Services
12.4.3. SWOT Analysis
12.4.4. Recent Developments
12.4.5. Strategies
12.4.6. Financials (Based on Availability)
12.5. FINCANTIERI S.p.A. - Via Genova
12.5.1. Overview
12.5.2. Products & Services
12.5.3. SWOT Analysis
12.5.4. Recent Developments
12.5.5. Strategies
12.5.6. Financials (Based on Availability)
12.6. General Dynamics Corp NASSCO
12.6.1. Overview
12.6.2. Products & Services
12.6.3. SWOT Analysis
12.6.4. Recent Developments
12.6.5. Strategies
12.6.6. Financials (Based on Availability)
12.7. Larsen & Toubro Ltd.
12.7.1. Overview
12.7.2. Products & Services
12.7.3. SWOT Analysis
12.7.4. Recent Developments
12.7.5. Strategies
12.7.6. Financials (Based on Availability)
12.8. Navantia
12.8.1. Overview
12.8.2. Products & Services
12.8.3. SWOT Analysis
12.8.4. Recent Developments
12.8.5. Strategies
12.8.6. Financials (Based on Availability)
12.9. ThyssenKrupp Marine Systems
12.9.1. Overview
12.9.2. Products & Services
12.9.3. SWOT Analysis
12.9.4. Recent Developments
12.9.5. Strategies
12.9.6. Financials (Based on Availability)
12.10. Damen Shipyards Group
12.10.1. Overview
12.10.2. Products & Services
12.10.3. SWOT Analysis
12.10.4. Recent Developments
12.10.5. Strategies
12.10.6. Financials (Based on Availability)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings