Naval Destroyers and Submarines Market - By Type (Destroyers, Submarines), By System (Marine Engine Systems, Weapon Launch Systems, Control Systems, Electrical Systems, Communication Systems), By Application & Forecast 2023

Description

List of Tables

The naval destroyers and submarines market is predicted to record 5.5% CAGR from 2023 to 2032. Rising geopolitical tensions and the need for enhanced maritime security are fueling investments in naval capabilities globally. Nations are increasingly recognizing the pivotal role of naval fleets in maintaining sovereignty and deterring potential threats.

The surge in defense budgets, coupled with a focus on modernization, is propelling the market forward. According to a recent study by Stockholm International Peace Research Institute, the United States' defense spending accounted for nearly 40% of military expenses done by other countries across the globe. As maritime nations seek to assert their influence on the high seas, the demand for advanced naval destroyers and submarines will bolster.

The overall market is classified based on type, system, application, and region.

Th marine engine segment is expected to witness substantial growth through 2032. The relentless pursuit of efficiency, durability, and sustainability in naval operations has led to innovations in marine propulsion technology. Cutting-edge engine systems are essential for achieving higher speeds, longer operational ranges, and stealth capabilities. The integration of advanced propulsion systems, such as electric propulsion and next-generation fuel-efficient engines, is becoming a defining feature in modern naval vessels.

The submarines segment will generate massive revenues by 2032 as they are equipped with advanced stealth technology and strategic capabilities. The demand for both conventional and nuclear-powered submarines is escalating as countries seek to bolster their underwater capabilities. There is a focus on enhanced endurance, greater autonomy, and the ability to operate in diverse underwater environments. As underwater warfare gains prominence, submarines are set to play a pivotal role in shaping the future naval landscape.

North America naval destroyers and submarines industry size is anticipated to grow significantly through 2032 as it is a strategic hub for innovation and dominance. With a commitment to maintaining naval superiority and safeguarding maritime interests, North American nations are investing significantly in modernizing their naval fleets. The robust industrial base is fostering the development of cutting-edge naval technologies. The United States, in particular, stands at the forefront, leading advancements in naval capabilities, including the deployment of advanced destroyers and submarines, thereby contributing the market value.

Product Code: 7070

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Naval destroyers and submarines market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2023-2032
2.3 Regional trends
2.4 Type trends
2.5 System trends
2.6 Application trends

Chapter 3 Naval Destroyers and Submarines Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Increasing global defense spending
  - 3.10.1.2 Growing demand for Anti-Submarine Warfare (ASW) capabilities
  - 3.10.1.3 Rising focus on maritime security
  - 3.10.1.4 Growing demand for submarines from emerging economies
  - 3.10.1.5 Development of new technologies
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High development & production costs
  - 3.10.2.2 Long procurement cycles
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 BAE Systems
- 4.3.2 Daewoo Shipbuilding & Marine Engineering
- 4.3.3 General Dynamics Electric Boat
- 4.3.4 Huntington Ingalls Industries
- 4.3.5 Mitsubishi Heavy Industries
- 4.3.6 Naval Group
- 4.3.7 ThyssenKrupp Marine Systems
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Naval Destroyers and Submarines Market Estimates and Forecast, By Type (USD Million)

5.1 Key trends, by type
5.2 Destroyers
5.3 Submarines

Chapter 6 Naval Destroyers and Submarines Market Estimates and Forecast, By System (USD Million)

6.1 Key trends, by system
6.2 Marine Engine System
6.3 Weapon Launch System
6.4 Control System
6.5 Electrical System
6.6 Communication System
6.7 Others

Chapter 7 Naval Destroyers and Submarines Market Estimates and Forecast, By Application (USD Million)

7.1 Key trends, by application
7.2 Search and Rescue
7.3 Combat Operations
7.4 MCM Operations
7.5 Coastal Operations
7.6 Others

Chapter 8 Naval Destroyers and Submarines Market Estimates and Forecast, By Region (USD Million)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Rest of North America
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles (Business Overview, Financial Overview, Product Landscape, Strategic Outlook, SWOT Analysis)

9.1 BAE Systems
9.2 Daewoo Shipbuilding & Marine Engineering
9.3 Damen Group
9.4 DCNS
9.5 Fincantieri
9.6 General Dynamics Electric Boat
9.7 Huntington Ingalls Industries
9.8 Hyundai Heavy Industries
9.9 JSC United Shipbuilding Corporation
9.10 Kawasaki Heavy Industries
9.11 Larsen & Toubro Limited
9.12 Mazagon Dock Shipbuilders Limited
9.13 Mitsubishi Heavy Industries
9.14 Navyard Group
9.15 Reliance Naval Engineering
9.16 SAAB Group
9.17 Samsung Heavy Industries
9.18 ThyssenKrupp Marine Systems