The Global Naval Vessels and Surface Combatants Market Size and Trend Analysis including Segments (Frigate, Destroyer, Auxiliary Vessel, Light Combat Vessel, Amphibious Ship, Aircraft Carrier, and Corvette), Key Programs, Competitive Landscape and Forecas

The Global Naval Vessels and Surface Combatants Market Size and Trend Analysis including Segments (Frigate, Destroyer, Auxiliary Vessel, Light Combat Vessel, Amphibious Ship, Aircraft Carrier, and Corvette), Key Programs, Competitive Landscape and Forecast, 2024-2034 (Dataset and Report)

Summary

The Global Naval Vessels and Surface Combatants Market 2024-2034 provides a detailed forecast, including market size, CAGR, and regional breakdowns. It enables users to identify key segments and programs driving market growth, offering insights into future opportunities and investment areas. The dataset also assists OEMs and manufacturers in targeting high-potential markets, facilitating strategic planning and R&D investments to capitalize on emerging growth opportunities.

The Global Naval Vessels and Surface Combatants Market 2024-2034 report provides the market size forecast and the estimated compound annual growth rate (CAGR) for the next ten years. The report covers 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 over the forecast period.

The quantitative dataset allows the user to find further insight into the market by giving the ability to dig deeper into the Equipment/Program designations in each country, the sub-segmental breakdown, whether programs are indicative or aspirational, supplier information, and contract status. The level of data opens up a deeper understanding of the market that provides insight where the qualitative report ends.

With the growth of maritime threats globally, many countries are investing in the procurement and modernization of naval vessels to protect their key maritime trade routes. Likewise, disputes over offshore territories and maritime boundaries, abetted by the need to exploit offshore resources, are expected to be a major driver regarding the strengthening of naval capabilities for many countries. On the other hand, several countries around the world have initiated naval modernization programs to replace their aging naval vessel fleets and are increasing their defense spending towards the same.

The Frigate segment is expected to be the largest segment and account for approximately 34.0% of the global naval vessels and surface combatants market from 2024 to 2034. The demand for frigates is anticipated to be mainly driven by the increased focus on developing new technologically advanced frigates with AESA radars and vertical launch systems to replace the aging fleet of legacy vessels. The segment's growth will be mainly driven by several high-value procurement programs worldwide, including the Royal Canadian Navy’s ‘Canadian Surface Combatant’ program, the US Navy’s Constellation-class program, the Royal Australian Navy’s Hunter-class (SEA 5000) program, and the German Navy’s MKS 180 Multirole Combat Ship, among others. According to Chandan Nayak, Defense Analyst at GlobalData, Ongoing naval modernization initiatives focusing on the procurement of new naval platforms, mainly to replace aging vessels, especially from Asia-Pacific, North America, and Europe, are expected to propel segment growth over the forecast period.”

The Asia-Pacific region is expected to dominate the global naval vessels and surface combatants market from 2024 to 2034. The region's market is primarily driven by the procurement strategies adopted by key economies such as China, India, and Australia. In addition to these countries, the steady expansion of maritime security assets by Japan, South Korea, Taiwan, Indonesia, the Philippines, and Singapore is also expected to drive the market growth. Furthermore, the ongoing territorial dispute in the South China Sea will act as major influencing factors for China’s expenditure on naval expansion over the forecast period. For instance, the multi-billion-dollar Luyang III Class Destroyers (Type 052D) program to induct 31 destroyers will significantly increase the country’s share of the global naval vessels and surface combatants' market over the next decade.

Key Highlights

• The global naval vessels and surface combatants market is expected to grow at a CAGR of 4.3% over the forecast period.
• The global naval vessels and surface combatants market is classified into seven categories: aircraft carrier, amphibious ship, frigate, destroyer, corvette, light combat vessel, and auxiliary vessel.
• Asia-Pacific is expected to dominate the global naval vessels and surface combatants market over the forecast period with a market share of 34.0%, followed by Europe and North American regions.
• Frigate is expected to be the largest segment among other naval vessels and surface combatants categories over the forecast period.

Scope

In particular, the report provides an in-depth analysis of the following -

• Market size and drivers: Detailed analysis during 2024-2034, 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: 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 2024-2034.
• 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.

The dataset provides additional quantitative insight into each segment, user, country, and supplier and allows the customer to understand the metrics that underpin each point raised in the report.

Reasons to Buy

• Access quantitative and qualitative data and insight into the global naval vessels and surface combatants market over the next ten years.
• Determine prospective investment areas based on a detailed trend analysis of the market.
• Gain in-depth understanding about 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 about 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 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 includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available.