Global Naval Vessels Market 2023-2027
The naval vessels market is forecasted to grow by USD 82.64 bn during 2022-2027, accelerating at a CAGR of 13.5% during the forecast period. The report on the naval vessels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investment in maritime surveillance capabilities, increasing demand for unmanned underwater vehicle, and smart weapons gaining traction among armed forces.
Technavio's naval vessels market is segmented as below:
- By Type
- Destroyers
- Aircraft carriers
- Frigates
- Submarines
- Others
- By Application
- Search and rescue
- Combat operations
- MCM operations
- Coastal surveillance
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the emergence of three-dimensional (3D) printing and composite materials as one of the prime reasons driving the naval vessels market growth during the next few years. Also, use of robotics and technological advancements in naval vessels and growing investments in undersea warfare capabilities will lead to sizable demand in the market.
The report on the naval vessels market covers the following areas:
- Naval vessels market sizing
- Naval vessels market forecast
- Naval vessels market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading naval vessels market vendors that include Abu Dhabi Ship Building PJSC, Austal Ltd., BAE Systems Plc, China Shipbuilding Trading Co. Ltd., Damen Shipyards Group, Fincantieri Spa, Fr. Lurssen Werft GmbH, General Dynamics Corp., Hanwha Corp., HD Hyundai Co. Ltd., Huntington Ingalls Industries Inc., Kalashnikov Concern JSC, Larsen and Toubro Ltd., Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Naval Group, Navantia SA, PT PAL Indonesia, thyssenkrupp AG, and United Shipbuilding Corp.. Also, the naval vessels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.