Naval Vessel Market Report: Trends, Forecast and Competitive Analysis to 2030

Naval Vessel Trends and Forecast

The future of the global naval vessel market looks promising with opportunities in the search and rescue, combat operation, MCM operation, and coastal surveillance markets. The global naval vessel market is expected to grow with a CAGR of 13.1% from 2024 to 2030. The major drivers for this market are growing investment in maritime surveillance capabilities and growing adoption of unmanned underwater vehicle and smart weapons gaining traction among armed forces.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Naval Vessel by Segment

The study includes a forecast for the global naval vessel by type, application, and region.

Naval Vessel Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Destroyers
• Aircraft Carriers
• Frigates
• Submarines
• Others

Naval Vessel Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Search and Rescue
• Combat Operation
• MCM Operation
• Coastal Surveillance

Naval Vessel Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Naval Vessel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies naval vessel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the naval vessel companies profiled in this report include-

• BAE Systems
• Mazagon Dock Shipbuilders
• Garden Reach Shipbuilders And Engineers
• Hyundai Heavy Industries
• Fincantieri
• General Dynamics
• Larsen & Toubro
• Navantia
• ThyssenKrupp Marine
• Damen Shipyards

Naval Vessel Market Insights

Lucintel forecasts that destroyer is expected to witness the highest growth over the forecast period.

Within this market, search and rescue is expected to witness the highest growth.

APAC is expected to witness the highest growth over the forecast period.

Features of the Global Naval Vessel Market

Market Size Estimates: Naval vessel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Naval vessel market size by type, application, and region in terms of value ($B).

Regional Analysis: Naval vessel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the naval vessel market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the naval vessel market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for naval vessel market?

Answer: The global naval vessel market is expected to grow with a CAGR of 13.1% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the naval vessel market?

Answer: The major drivers for this market are growing investment in maritime surveillance capabilities and growing adoption of unmanned underwater vehicle and smart weapons gaining traction among armed forces.

Q3. What are the major segments for naval vessel market?

Answer: The future of the naval vessel market looks promising with opportunities in the search and rescue, combat operation, MCM operation, and coastal surveillance markets.

Q4. Who are the key naval vessel market companies?

Answer: Some of the key naval vessel companies are as follows:

• BAE Systems
• Mazagon Dock Shipbuilders
• Garden Reach Shipbuilders And Engineers
• Hyundai Heavy Industries
• Fincantieri
• General Dynamics
• Larsen & Toubro
• Navantia
• ThyssenKrupp Marine
• Damen Shipyards

Q5. Which naval vessel market segment will be the largest in future?

Answer: Lucintel forecasts that destroyer is expected to witness the highest growth over the forecast period.

Q6. In naval vessel market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the naval vessel market by type (destroyer, aircraft carrier, frigate, submarine, and others), application (search and rescue, combat operation, MCM operation, and coastal surveillance), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?