Global Nuclear Powered Naval Vessels Market 2024-2028

The nuclear powered naval vessels market is forecasted to grow by USD 12.44 bn during 2023-2028, accelerating at a CAGR of 8% during the forecast period. The report on the nuclear powered 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 the cost-effectiveness of nuclear power, rising military spending, and a focus on making submarines more undetectable.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.92%
CAGR	8%
Incremental Value	$12.44bn

Technavio's nuclear powered naval vessels market is segmented as below:

By Product

Surface vessels
Submerged vessels

By Application

Defense
Transportation

By Geographical Landscape

North America
APAC
Europe
Middle East and Africa
South America

This study identifies the replacement of highly enriched uranium in naval reactors as one of the prime reasons driving the nuclear powered naval vessels market growth during the next few years. Also, indigenous development of nuclear powered naval vessels and technological developments targeted toward next-generation nuclear reactors will lead to sizable demand in the market.

The report on the nuclear powered naval vessels market covers the following areas:

Nuclear powered naval vessels market sizing
Nuclear powered naval vessels market forecast
Nuclear powered 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 nuclear powered naval vessels market vendors that include Austal Ltd., Babcock International Group Plc, BAE Systems Plc, Bechtel Corp., BWX Technologies Inc., Curtiss Wright Corp., General Dynamics Corp., Huntington Ingalls Industries Inc., Kongsberg Gruppen ASA, Lockheed Martin Corp., Naval Group, Northrop Grumman Corp., Rolls Royce Holdings Plc, and Thales Group. Also, the nuclear powered 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 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 primary and secondary research. 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 accurate market growth.

Product Code: IRTNTR44666

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global nuclear powered naval vessels market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global nuclear powered naval vessels market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Surface vessels - Market size and forecast 2023-2028
Exhibit 34: Chart on Surface vessels - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Surface vessels - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Surface vessels - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Surface vessels - Year-over-year growth 2023-2028 (%)
6.4 Submerged vessels - Market size and forecast 2023-2028
Exhibit 38: Chart on Submerged vessels - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Submerged vessels - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Submerged vessels - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Submerged vessels - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ billion)
Exhibit 43: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 44: Chart on Application - Market share 2023-2028 (%)
Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application
7.3 Defense - Market size and forecast 2023-2028
Exhibit 48: Chart on Defense - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Defense - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Defense - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Defense - Year-over-year growth 2023-2028 (%)
7.4 Transportation - Market size and forecast 2023-2028
Exhibit 52: Chart on Transportation - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Transportation - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Transportation - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Transportation - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Application
Exhibit 56: Market opportunity by Application ($ billion)
Exhibit 57: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Russia - Market size and forecast 2023-2028
Exhibit 91: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
Exhibit 95: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 India - Market size and forecast 2023-2028
Exhibit 99: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on India - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ billion)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Austal Ltd.
Exhibit 111: Austal Ltd. - Overview
Exhibit 112: Austal Ltd. - Business segments
Exhibit 113: Austal Ltd. - Key offerings
Exhibit 114: Austal Ltd. - Segment focus
12.4 Babcock International Group Plc
Exhibit 115: Babcock International Group Plc - Overview
Exhibit 116: Babcock International Group Plc - Business segments
Exhibit 117: Babcock International Group Plc - Key offerings
Exhibit 118: Babcock International Group Plc - Segment focus
12.5 BAE Systems Plc
Exhibit 119: BAE Systems Plc - Overview
Exhibit 120: BAE Systems Plc - Business segments
Exhibit 121: BAE Systems Plc - Key offerings
Exhibit 122: BAE Systems Plc - Segment focus
12.6 Bechtel Corp.
Exhibit 123: Bechtel Corp. - Overview
Exhibit 124: Bechtel Corp. - Product / Service
Exhibit 125: Bechtel Corp. - Key news
Exhibit 126: Bechtel Corp. - Key offerings
12.7 BWX Technologies Inc.
Exhibit 127: BWX Technologies Inc. - Overview
Exhibit 128: BWX Technologies Inc. - Business segments
Exhibit 129: BWX Technologies Inc. - Key offerings
Exhibit 130: BWX Technologies Inc. - Segment focus
12.8 Curtiss Wright Corp.
Exhibit 131: Curtiss Wright Corp. - Overview
Exhibit 132: Curtiss Wright Corp. - Business segments
Exhibit 133: Curtiss Wright Corp. - Key offerings
Exhibit 134: Curtiss Wright Corp. - Segment focus
12.9 General Dynamics Corp.
Exhibit 135: General Dynamics Corp. - Overview
Exhibit 136: General Dynamics Corp. - Business segments
Exhibit 137: General Dynamics Corp. - Key news
Exhibit 138: General Dynamics Corp. - Key offerings
Exhibit 139: General Dynamics Corp. - Segment focus
12.10 Huntington Ingalls Industries Inc.
Exhibit 140: Huntington Ingalls Industries Inc. - Overview
Exhibit 141: Huntington Ingalls Industries Inc. - Business segments
Exhibit 142: Huntington Ingalls Industries Inc. - Key offerings
Exhibit 143: Huntington Ingalls Industries Inc. - Segment focus
12.11 Kongsberg Gruppen ASA
Exhibit 144: Kongsberg Gruppen ASA - Overview
Exhibit 145: Kongsberg Gruppen ASA - Business segments
Exhibit 146: Kongsberg Gruppen ASA - Key news
Exhibit 147: Kongsberg Gruppen ASA - Key offerings
Exhibit 148: Kongsberg Gruppen ASA - Segment focus
12.12 Lockheed Martin Corp.
Exhibit 149: Lockheed Martin Corp. - Overview
Exhibit 150: Lockheed Martin Corp. - Business segments
Exhibit 151: Lockheed Martin Corp. - Key news
Exhibit 152: Lockheed Martin Corp. - Key offerings
Exhibit 153: Lockheed Martin Corp. - Segment focus
12.13 Naval Group
Exhibit 154: Naval Group - Overview
Exhibit 155: Naval Group - Product / Service
Exhibit 156: Naval Group - Key offerings
12.14 Northrop Grumman Corp.
Exhibit 157: Northrop Grumman Corp. - Overview
Exhibit 158: Northrop Grumman Corp. - Business segments
Exhibit 159: Northrop Grumman Corp. - Key news
Exhibit 160: Northrop Grumman Corp. - Key offerings
Exhibit 161: Northrop Grumman Corp. - Segment focus
12.15 Rolls Royce Holdings Plc
Exhibit 162: Rolls Royce Holdings Plc - Overview
Exhibit 163: Rolls Royce Holdings Plc - Business segments
Exhibit 164: Rolls Royce Holdings Plc - Key news
Exhibit 165: Rolls Royce Holdings Plc - Key offerings
Exhibit 166: Rolls Royce Holdings Plc - Segment focus
12.16 Thales Group
Exhibit 167: Thales Group - Overview
Exhibit 168: Thales Group - Business segments
Exhibit 169: Thales Group - Key news
Exhibit 170: Thales Group - Key offerings
Exhibit 171: Thales Group - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations