Europe Surface Warships Market Forecast 2022-2030

Europe Surface Warships Market Forecast 2022-2030

KEY FINDINGS

The Europe surface warships market is projected to register a CAGR of 2.18% over the estimated years 2022 to 2030. The market growth of the region is primarily ascribed to key drivers, such as the rising number of naval programs associated with obsolete fleets, as well as significant investments in research and development activities to integrate naval platforms with network-centric technologies.

MARKET INSIGHTS

The Europe surface warships market growth evaluation comprises the study of the United Kingdom, France, Italy, Sweden, Finland, Greece, Germany, and Rest of Europe. The Swedish Navy has introduced the Visby class of stealth mission vessels. It belongs to one of the most modern Corvette classes established by the Swedish Navy. The project’s design phase was launched after the development of the Göteborg as well as the Stockholm-class corvettes. Moreover, the stealth abilities of the warship facilitate the bare minimum of RCS-based detection. These ships are constructed with polyvinyl chloride (PVC) core, carbon fiber, as well as a vinyl laminate as the Material of Construction (MOC).

On the other hand, by the end of 2022, Greece intends to choose a foreign shipyard for collaboration with the nation’s domestic ship-building sector on a challenging project in order to produce new frigates for the Hellenic Navy. In this regard, there are numerous contenders, including the United Kingdom’s Babcock, the Netherlands’ Damen, Italy’s Fincantieri, the United States’ Lockheed Martin, and others. Hence, these factors are set to fuel the growth of the surface warships market in Europe during the forecast period.

COMPETITIVE INSIGHTS

Some of the leading firms operating in the market include Thales Group, BAE Systems, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments