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BAE Systems Plc
COTECMAR
Fincantieri Spa
General Dynamics Corp.
Huntington Ingalls Industries Inc.
Hyundai Heavy Industries Group
Janes Global UK Ltd.
Kongsberg Gruppen ASA
Lockheed Martin Corp.
Mitsubishi Heavy Industries Ltd.
Naval Group
NVL B.V. and Co. KG
Thales Group
thyssenkrupp AG
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Global Naval Vessels Market 2023-2027
The naval vessels market is forecasted to grow by USD 82.64 bn during 2022-2027, accelerating at a CAGR of 13.5% during the forecast period. The report on the 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 increasing investment in maritime surveillance capabilities, increasing demand for unmanned underwater vehicle, and smart weapons gaining traction among armed forces.
Market Scope
Base Year 2024
End Year 2028
Series Year 2024-2028
Growth Momentum Accelerate
YOY 2024 5.61%
CAGR 5.97%
Incremental Value $20573.5 mn
Technavio's naval vessels market is segmented as below:
By Type
Destroyers
Aircraft carriers
Frigates
Submarines
Others
By Application
Search and rescue
Combat operations
MCM operations
Coastal surveillance
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the emergence of three-dimensional (3D) printing and composite materials as one of the prime reasons driving the naval vessels market growth during the next few years. Also, use of robotics and technological advancements in naval vessels and growing investments in undersea warfare capabilities will lead to sizable demand in the market.
The report on the naval vessels market covers the following areas:
Naval vessels market sizing
Naval vessels market forecast
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 naval vessels market vendors that include Abu Dhabi Ship Building PJSC, Austal Ltd., BAE Systems Plc, China Shipbuilding Trading Co. Ltd., Damen Shipyards Group, Fincantieri Spa, Fr. Lurssen Werft GmbH, General Dynamics Corp., Hanwha Corp., HD Hyundai Co. Ltd., Huntington Ingalls Industries Inc., Kalashnikov Concern JSC, Larsen and Toubro Ltd., Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Naval Group, Navantia SA, PT PAL Indonesia, thyssenkrupp AG, and United Shipbuilding Corp.. Also, the 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 the 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 research - both primary and secondary. 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 the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
5.1 Global Naval Vessels Market 2018 - 2022
Historic Market Size - Data Table on Global Naval Vessels Market 2018 - 2022 ($ million)
5.2 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
5.3 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
5.4 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
5.5 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on the Global Naval Vessels Market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Submarines - Market size and forecast 2023-2028
Chart on Submarines - Market size and forecast 2023-2028 ($ million)
Data Table on Submarines - Market size and forecast 2023-2028 ($ million)
Chart on Submarines - Year-over-year growth 2023-2028 (%)
Data Table on Submarines - Year-over-year growth 2023-2028 (%)
8.4 Destroyers - Market size and forecast 2023-2028
Chart on Destroyers - Market size and forecast 2023-2028 ($ million)
Data Table on Destroyers - Market size and forecast 2023-2028 ($ million)
Chart on Destroyers - Year-over-year growth 2023-2028 (%)
Data Table on Destroyers - Year-over-year growth 2023-2028 (%)
8.5 Frigates - Market size and forecast 2023-2028
Chart on Frigates - Market size and forecast 2023-2028 ($ million)
Data Table on Frigates - Market size and forecast 2023-2028 ($ million)
Chart on Frigates - Year-over-year growth 2023-2028 (%)
Data Table on Frigates - Year-over-year growth 2023-2028 (%)
8.6 Aircraft carriers - Market size and forecast 2023-2028
Chart on Aircraft carriers - Market size and forecast 2023-2028 ($ million)
Data Table on Aircraft carriers - Market size and forecast 2023-2028 ($ million)
Chart on Aircraft carriers - Year-over-year growth 2023-2028 (%)
Data Table on Aircraft carriers - Year-over-year growth 2023-2028 (%)
8.7 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
8.8 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Application
9.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
9.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
9.3 Combat operations - Market size and forecast 2023-2028
Chart on Combat operations - Market size and forecast 2023-2028 ($ million)
Data Table on Combat operations - Market size and forecast 2023-2028 ($ million)
Chart on Combat operations - Year-over-year growth 2023-2028 (%)
Data Table on Combat operations - Year-over-year growth 2023-2028 (%)
9.4 Coastal surveillance - Market size and forecast 2023-2028
Chart on Coastal surveillance - Market size and forecast 2023-2028 ($ million)
Data Table on Coastal surveillance - Market size and forecast 2023-2028 ($ million)
Chart on Coastal surveillance - Year-over-year growth 2023-2028 (%)
Data Table on Coastal surveillance - Year-over-year growth 2023-2028 (%)
9.5 MCM operations - Market size and forecast 2023-2028
Chart on MCM operations - Market size and forecast 2023-2028 ($ million)
Data Table on MCM operations - Market size and forecast 2023-2028 ($ million)
Chart on MCM operations - Year-over-year growth 2023-2028 (%)
Data Table on MCM operations - Year-over-year growth 2023-2028 (%)
9.6 Search and rescue - Market size and forecast 2023-2028
Chart on Search and rescue - Market size and forecast 2023-2028 ($ million)
Data Table on Search and rescue - Market size and forecast 2023-2028 ($ million)
Chart on Search and rescue - Year-over-year growth 2023-2028 (%)
Data Table on Search and rescue - Year-over-year growth 2023-2028 (%)
9.7 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
11.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
11.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
11.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
11.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
11.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
11.6 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
11.7 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
11.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
11.9 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
11.10 Russia - Market size and forecast 2023-2028
Chart on Russia - Market size and forecast 2023-2028 ($ million)
Data Table on Russia - Market size and forecast 2023-2028 ($ million)
Chart on Russia - Year-over-year growth 2023-2028 (%)
Data Table on Russia - Year-over-year growth 2023-2028 (%)
11.11 India - Market size and forecast 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)
11.12 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ million)
Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
11.13 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ million)
Data Table on UK - Market size and forecast 2023-2028 ($ million)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
11.14 France - Market size and forecast 2023-2028
Chart on France - Market size and forecast 2023-2028 ($ million)
Data Table on France - Market size and forecast 2023-2028 ($ million)
Chart on France - Year-over-year growth 2023-2028 (%)
Data Table on France - Year-over-year growth 2023-2028 (%)
11.15 South Korea - Market size and forecast 2023-2028
Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Chart on South Korea - Year-over-year growth 2023-2028 (%)
Data Table on South Korea - Year-over-year growth 2023-2028 (%)
11.16 Indonesia - Market size and forecast 2023-2028
Chart on Indonesia - Market size and forecast 2023-2028 ($ million)
Data Table on Indonesia - Market size and forecast 2023-2028 ($ million)
Chart on Indonesia - Year-over-year growth 2023-2028 (%)
Data Table on Indonesia - Year-over-year growth 2023-2028 (%)
11.17 Turkey - Market size and forecast 2023-2028
Chart on Turkey - Market size and forecast 2023-2028 ($ million)
Data Table on Turkey - Market size and forecast 2023-2028 ($ million)
Chart on Turkey - Year-over-year growth 2023-2028 (%)
Data Table on Turkey - Year-over-year growth 2023-2028 (%)
11.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
14.2 Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 Austal Ltd.
Austal Ltd. - Overview
Austal Ltd. - Business segments
Austal Ltd. - Key offerings
Austal Ltd. - Segment focus
SWOT
14.5 BAE Systems Plc
BAE Systems Plc - Overview
BAE Systems Plc - Business segments
BAE Systems Plc - Key news
BAE Systems Plc - Key offerings
BAE Systems Plc - Segment focus
SWOT
14.6 COTECMAR
COTECMAR - Overview
COTECMAR - Product / Service
COTECMAR - Key offerings
SWOT
14.7 Fincantieri Spa
Fincantieri Spa - Overview
Fincantieri Spa - Business segments
Fincantieri Spa - Key offerings
Fincantieri Spa - Segment focus
SWOT
14.8 General Dynamics Corp.
General Dynamics Corp. - Overview
General Dynamics Corp. - Business segments
General Dynamics Corp. - Key news
General Dynamics Corp. - Key offerings
General Dynamics Corp. - Segment focus
SWOT
14.9 Huntington Ingalls Industries Inc.
Huntington Ingalls Industries Inc. - Overview
Huntington Ingalls Industries Inc. - Business segments
Huntington Ingalls Industries Inc. - Key offerings
Huntington Ingalls Industries Inc. - Segment focus
SWOT
14.10 Hyundai Heavy Industries Group
Hyundai Heavy Industries Group - Overview
Hyundai Heavy Industries Group - Product / Service
Hyundai Heavy Industries Group - Key offerings
SWOT
14.11 Janes Global UK Ltd.
Janes Global UK Ltd. - Overview
Janes Global UK Ltd. - Key offerings
SWOT
14.12 Kongsberg Gruppen ASA
Kongsberg Gruppen ASA - Overview
Kongsberg Gruppen ASA - Business segments
Kongsberg Gruppen ASA - Key news
Kongsberg Gruppen ASA - Key offerings
Kongsberg Gruppen ASA - Segment focus
SWOT
14.13 Lockheed Martin Corp.
Lockheed Martin Corp. - Overview
Lockheed Martin Corp. - Business segments
Lockheed Martin Corp. - Key news
Lockheed Martin Corp. - Key offerings
Lockheed Martin Corp. - Segment focus
SWOT
14.14 Mitsubishi Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd. - Overview
Mitsubishi Heavy Industries Ltd. - Business segments
Mitsubishi Heavy Industries Ltd. - Key news
Mitsubishi Heavy Industries Ltd. - Key offerings
Mitsubishi Heavy Industries Ltd. - Segment focus
SWOT
14.15 Naval Group
Naval Group - Overview
Naval Group - Product / Service
Naval Group - Key offerings
SWOT
14.16 NVL B.V. and Co. KG
NVL B.V. and Co. KG - Overview
NVL B.V. and Co. KG - Product / Service
NVL B.V. and Co. KG - Key offerings
SWOT
14.17 Thales Group
Thales Group - Overview
Thales Group - Business segments
Thales Group - Key news
Thales Group - Key offerings
Thales Group - Segment focus
SWOT
14.18 thyssenkrupp AG
thyssenkrupp AG - Overview
thyssenkrupp AG - Business segments
thyssenkrupp AG - Key news
thyssenkrupp AG - Key offerings
thyssenkrupp AG - Segment focus
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
15.5 Data procurement
15.6 Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
360 degree market analysis
360 degree market analysis
15.10 List of abbreviations