Warship and Naval Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global warship and naval vessels market size reached US$ 63.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 90.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.16% during 2023-2028.
Warships and naval vessels are intently built to serve in war and belong to the naval forces of a country. Warships are much faster, safer and more maneuverable than merchant ships and represent a key component of a country’s naval force. Unlike merchant ships that carries cargo, warships are designed to carry only weapons, ammunition, and essential supplies for the crew onboard. Although warships and naval vessels belong to the navy; individuals, cooperatives, and corporations have also been operating them.
One of the biggest factors driving the global market for warships and naval vessels is the continuous growth in the global defense spending. Driven by a rise in regional conflicts, the global defense spending has been rising continuously in recent years. In 2018, the global defense spending reached around US$ 1.8 Trillion. This growth has been largely catalyzed by a rise in defense budgets by countries in the Asia Pacific and the Middle East regions, such as China, India and Saudi Arabia. Countries are currently spending extensively on upgrading and expanding their current fleet of naval vessels. Apart from participating in offensive operations against enemy forces, naval vessels are also involved in providing humanitarian assistance and disaster relief operations.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global warship and naval vessels market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
Warships
Submarines
Aircraft Carriers
Based on the type, the market has been segmented into warships, submarines and aircraft carriers. Warships currently represent the biggest segment.
Breakup by Application:
Rescue
Defense
Others
Based on the application, the market has been segmented into rescue, defense and others.
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Babcock International Group, General Dynamics, Kawasaki Heavy Industries, Lockheed Martin, Mitsubishi Heavy Industries, CSIC, DSME, Fincantieri, Garden Reach Shipbuilders & Engineers, Hyundai Heavy Industries, Navantia, and Reliance Naval and Engineering Limited.
This report provides a deep insight into the global warship and naval vessels market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the warship and naval vessels market in any manner.
Key Questions Answered in This Report
1. What was the global warship and naval vessels market size in 2022?
2. What will be the global warship and naval vessels market outlook during the forecast period ( 2023-2028)?
3. What are the global warship and naval vessels market drivers?
4. What are the major trends in the global warship and naval vessels market?
5. What is the impact of COVID-19 on the global warship and naval vessels market?
6. What is the global warship and naval vessels market breakup by type?
7. What is the global warship and naval vessels market breakup by application?
8. What are the major regions in the global warship and naval vessels market?
9. Who are the leading warship and naval vessels manufacturers across the globe?
Warships and naval vessels are intently built to serve in war and belong to the naval forces of a country. Warships are much faster, safer and more maneuverable than merchant ships and represent a key component of a country’s naval force. Unlike merchant ships that carries cargo, warships are designed to carry only weapons, ammunition, and essential supplies for the crew onboard. Although warships and naval vessels belong to the navy; individuals, cooperatives, and corporations have also been operating them.
One of the biggest factors driving the global market for warships and naval vessels is the continuous growth in the global defense spending. Driven by a rise in regional conflicts, the global defense spending has been rising continuously in recent years. In 2018, the global defense spending reached around US$ 1.8 Trillion. This growth has been largely catalyzed by a rise in defense budgets by countries in the Asia Pacific and the Middle East regions, such as China, India and Saudi Arabia. Countries are currently spending extensively on upgrading and expanding their current fleet of naval vessels. Apart from participating in offensive operations against enemy forces, naval vessels are also involved in providing humanitarian assistance and disaster relief operations.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global warship and naval vessels market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
Warships
Submarines
Aircraft Carriers
Based on the type, the market has been segmented into warships, submarines and aircraft carriers. Warships currently represent the biggest segment.
Breakup by Application:
Rescue
Defense
Others
Based on the application, the market has been segmented into rescue, defense and others.
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Babcock International Group, General Dynamics, Kawasaki Heavy Industries, Lockheed Martin, Mitsubishi Heavy Industries, CSIC, DSME, Fincantieri, Garden Reach Shipbuilders & Engineers, Hyundai Heavy Industries, Navantia, and Reliance Naval and Engineering Limited.
This report provides a deep insight into the global warship and naval vessels market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the warship and naval vessels market in any manner.
Key Questions Answered in This Report
1. What was the global warship and naval vessels market size in 2022?
2. What will be the global warship and naval vessels market outlook during the forecast period ( 2023-2028)?
3. What are the global warship and naval vessels market drivers?
4. What are the major trends in the global warship and naval vessels market?
5. What is the impact of COVID-19 on the global warship and naval vessels market?
6. What is the global warship and naval vessels market breakup by type?
7. What is the global warship and naval vessels market breakup by application?
8. What are the major regions in the global warship and naval vessels market?
9. Who are the leading warship and naval vessels manufacturers across the globe?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL WARSHIP AND NAVAL VESSELS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Manufacturing
5.9.4 Assembly to Integration
5.9.5 Sales
5.9.6 Distribution
5.9.7 End-User
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
6 MARKET BREAKUP BY TYPE
6.1 Warships
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Submarines
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Aircraft Carriers
6.3.1 Market Trends
6.3.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1 Rescue
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Defense
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Asia Pacific
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Europe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 COMPETITIVE LANDSCAPE
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
9.3.1 Babcock International Group
9.3.2 General Dynamics
9.3.3 Kawasaki Heavy Industries
9.3.4 Lockheed Martin
9.3.5 Mitsubishi Heavy Industries
9.3.6 CSIC
9.3.7 DSME
9.3.8 Fincantieri
9.3.9 Garden Reach Shipbuilders & Engineers
9.3.10 Hyundai Heavy Industries
9.3.11 Navantia
9.3.12 Reliance Naval and Engineering Limited
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL WARSHIP AND NAVAL VESSELS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Manufacturing
5.9.4 Assembly to Integration
5.9.5 Sales
5.9.6 Distribution
5.9.7 End-User
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
6 MARKET BREAKUP BY TYPE
6.1 Warships
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Submarines
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Aircraft Carriers
6.3.1 Market Trends
6.3.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1 Rescue
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Defense
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Asia Pacific
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Europe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 COMPETITIVE LANDSCAPE
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
9.3.1 Babcock International Group
9.3.2 General Dynamics
9.3.3 Kawasaki Heavy Industries
9.3.4 Lockheed Martin
9.3.5 Mitsubishi Heavy Industries
9.3.6 CSIC
9.3.7 DSME
9.3.8 Fincantieri
9.3.9 Garden Reach Shipbuilders & Engineers
9.3.10 Hyundai Heavy Industries
9.3.11 Navantia
9.3.12 Reliance Naval and Engineering Limited
LIST OF TABLES
Table 1: Global: Warship and Naval Vessels Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Warship and Naval Vessels Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Warship and Naval Vessels Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Warship and Naval Vessels Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Warship and Naval Vessels Market Structure
Table 6: Global: Warship and Naval Vessels Market: Key Players
Table 1: Global: Warship and Naval Vessels Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Warship and Naval Vessels Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Warship and Naval Vessels Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Warship and Naval Vessels Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Warship and Naval Vessels Market Structure
Table 6: Global: Warship and Naval Vessels Market: Key Players
LIST OF FIGURES
Figure 1: Global: Warship and Naval Vessels Market: Major Drivers and Challenges
Figure 2: Global: Warship and Naval Vessels Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Warship and Naval Vessels Market: Breakup by Type (in %), 2022
Figure 4: Global: Warship and Naval Vessels Market: Breakup by Application (in %), 2022
Figure 5: Global: Warship and Naval Vessels Market: Breakup by Region (in %), 2022
Figure 6: Global: Warship and Naval Vessels Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Warship and Naval Vessels Industry: SWOT Analysis
Figure 8: Global: Warship and Naval Vessels Industry: Value Chain Analysis
Figure 9: Global: Warship and Naval Vessels Industry: Porter’s Five Forces Analysis
Figure 10: Global: Warship and Naval Vessels (Warships) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Warship and Naval Vessels (Warships) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Warship and Naval Vessels (Submarines) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Warship and Naval Vessels (Submarines) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Warship and Naval Vessels (Aircraft Carriers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Warship and Naval Vessels (Aircraft Carriers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Warship and Naval Vessels (Rescue) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Warship and Naval Vessels (Rescue) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Warship and Naval Vessels (Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Warship and Naval Vessels (Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Warship and Naval Vessels (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Warship and Naval Vessels (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: North America: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Asia Pacific: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Asia Pacific: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Europe: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Europe: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Middle East and Africa: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Middle East and Africa: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Latin America: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Latin America: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 1: Global: Warship and Naval Vessels Market: Major Drivers and Challenges
Figure 2: Global: Warship and Naval Vessels Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Warship and Naval Vessels Market: Breakup by Type (in %), 2022
Figure 4: Global: Warship and Naval Vessels Market: Breakup by Application (in %), 2022
Figure 5: Global: Warship and Naval Vessels Market: Breakup by Region (in %), 2022
Figure 6: Global: Warship and Naval Vessels Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Warship and Naval Vessels Industry: SWOT Analysis
Figure 8: Global: Warship and Naval Vessels Industry: Value Chain Analysis
Figure 9: Global: Warship and Naval Vessels Industry: Porter’s Five Forces Analysis
Figure 10: Global: Warship and Naval Vessels (Warships) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Warship and Naval Vessels (Warships) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Warship and Naval Vessels (Submarines) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Warship and Naval Vessels (Submarines) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Warship and Naval Vessels (Aircraft Carriers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Warship and Naval Vessels (Aircraft Carriers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Warship and Naval Vessels (Rescue) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Warship and Naval Vessels (Rescue) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Warship and Naval Vessels (Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Warship and Naval Vessels (Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Warship and Naval Vessels (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Warship and Naval Vessels (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: North America: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Asia Pacific: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Asia Pacific: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Europe: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Europe: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Middle East and Africa: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Middle East and Africa: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Latin America: Warship and Naval Vessels Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Latin America: Warship and Naval Vessels Market Forecast: Sales Value (in Million US$), 2023-2028
