The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

Introduction: The naval vessels and surface combatants market has experienced robust growth in recent years, with projections indicating a steady rise ahead. This growth is attributed to various factors such as naval power projection, modernization programs, and shifts in naval strategies and doctrine.

 

 

Steady Growth Projections:

• The market size is expected to grow from $38.04 billion in 2023 to $39.97 billion in 2024, marking a CAGR of 5.1%.
• Forecasts suggest further expansion to $48.48 billion by 2028, with a CAGR of 4.9%.

 

 

Drivers of Growth:

• Naval power projection and deterrence
• International cooperation and naval alliances
• Focus on multi-mission capabilities
• Modernization and fleet expansion programs
• Shifts in naval strategies and doctrine

 

 

View More On The Naval Vessels And Surface Combatants Market Report 2024 – https://www.thebusinessresearchcompany.com/report/naval-vessels-and-surface-combatants-global-market-report

 

 

Emerging Trends:

• Shift towards network-centric warfare
• Incorporation of green technologies
• Adoption of multi-domain operations (MD)
• Focus on anti-submarine warfare (ASW) capabilities
• Integration of modular design and mission flexibility

 

 

Rising Maritime Security Threats Propel Growth:

• Increasing incidents of piracy and armed robbery against ships, particularly in critical sea routes like the Straits of Malacca and Singapore, are driving market growth.
• Companies such as Huntington Ingalls Industries Inc., General Dynamics Corporation, and Damen Shipyards Group are actively participating in this market segment.

 

 

Indigenization Trend Shapes Market Dynamics:

• Indigenization gains popularity as major players focus on producing defense equipment domestically.
• China’s Type 003 aircraft carrier and India’s INS Vikrant reflect the success of indigenization efforts.

 

 

Strategic Acquisitions Drive Market Expansion:

• Mitsubishi Heavy Industries’ acquisition of Mitsui E&S Shipbuilding’s Naval and Governmental Ships business enhances its maritime security capabilities.

 

 

Market Segmentation:

1. By Type:
   • Aircraft Carrier
   • Battleship
   • Cruiser
   • Destroyer
   • Frigate
   • Destroyer Escort
   • Other Types
2. By System:
   • Marine engine system
   • Weapon launch system
   • Sensor system
   • Control system
   • Electrical system
   • Auxiliary system
3. By Application:
   • Search and rescue
   • Combat operations
   • Mine countermeasures (MCM) operations
   • Coastal surveillance
   • Other Applications

 

 

Regional Dynamics:

• North America dominated the market in 2023, while the Asia-Pacific region is expected to witness the fastest growth in the forecast period.

 

 

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The Naval Vessels And Surface Combatants Global Market Report 2024 provides comprehensive insights on the naval vessels and surface combatants market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the naval vessels and surface combatants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

 

View More Related Reports –

Warship And Naval Vessels Global Market Report 2024

Surface Active Agents Global Market Report 2024

Missiles Global Market Report 2024

 

 

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