Naval Vessels Market 2022-2028

List of Tables

Global Naval Vessels Market Size, Share & Trends Analysis Report by Vessel Type (Destroyers, Frigates, Submarines, Corvettes, Aircraft Carriers, Other Vessel Types) Forecast Period 2022-2028

The global market for naval vessels is projected to have a considerable CAGR of around 12.8% during the forecast period. The naval vessels are deliberately built to serve in war and belong to the naval forces of a country. They are much faster, safer, and more user-friendly than merchant ships and represent a vital component of a country's naval force. The adoption naval vessels Market is expected to increase over the forecast period due to a growing focus on acquiring more power over the sea and a growing military budget. Increasing focus on more dominance overseas because of global trade rising across the sea. For instance, the defense ministry in India approved a $7 billion cost estimate and budget for the aircraft carrier INS VIKRANT, which hampered the development process. Vikrant is scheduled to enter the army in the 2030s.

The global naval vessels market is segmented based on vessel type. Based on the vessel type, the market is further classified into destroyers, frigates, submarines, corvettes, aircraft carriers, other vessel types.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period owing to the Naval technology advancement and warships and shipping industry located in this region. Additionally, increasing industrialization, urbanization, and growing transportation of the trade goods through sea roots is also creating opportunities fueling the growth of the market in the region.

The key players of the market include General Dynamics Corp, ThyssenKrupp AG, BAE Systems PLC, The Naval Group, and Abu Dhabi Ship Building Co. among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In February 2020, the US Navy announced plans regarding the development of a next-generation large surface combatant that incorporates platform flexibility and growth capabilities to meet projected future fleet system requirements. The US Navy is going to spend USD 145 million on this contract. Such contracts will provide opportunities for players to strengthen their presence in the market.

Research Methodology

The market study of the global naval vessels market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Naval Vessels Market Research and Analysis by Vessel Type

The Report Covers:

Comprehensive Research Methodology of the global naval vessels market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global naval vessels market.
Insights about market determinants that are stimulating the global naval vessels market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players

Product Code: OMR2026303

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Naval Vessels Industry
Recovery Scenario of Global Naval Vessels Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Trade Analysis
- 2.2.3. Porter's Analysis
- 2.2.4. Recommendations
- 2.2.5. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players

4. Market Determinants

4.1. Motivators
4.2. Restraints
4.3. Opportunities

5. Market Segmentation

5.1. Global Naval Vessels Market, By Vessel Type
- 5.1.1. Destroyers
- 5.1.2. Frigates
- 5.1.3. Submarines
- 5.1.4. Corvettes
- 5.1.5. Aircraft Carriers
- 5.1.6. Other Vessel Types

6. Regional Analysis

6.1. North America
- 6.1.1. United States
- 6.1.2. Canada
6.2. Europe
- 6.2.1. UK
- 6.2.2. Germany
- 6.2.3. Italy
- 6.2.4. Spain
- 6.2.5. France
- 6.2.6. Rest of Europe
6.3. Asia-Pacific
- 6.3.1. China
- 6.3.2. India
- 6.3.3. Japan
- 6.3.4. South Korea
- 6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
- 6.4.1. Latin America
- 6.4.2. Middle East & Africa

7. Company Profiles

7.1. Babcock International Group PLC
7.2. China Shipbuilding Industry Co
7.3. DSME
7.4. Fincantieri
7.5. Garden Reach Shipbuilders & Engineers
7.6. General Dynamics
7.7. Hyundai Heavy Industries
7.8. Kawasaki Heavy Industries
7.9. Lockheed Martin Corp
7.10. Mazagon docs Ltd
7.11. Mitsubishi Heavy Industries
7.12. Navantia
7.13. Reliance Naval and Engineering Limited
7.14. Thales group