Warship And Naval Vessels Global Market Report 2022 – By Type (Warships, Submarines, Aircraft Carriers), By Operation (Surface Fleet, Undersea Fleet), By End Use (Destroyer, Frigate) – Market Size, Trends, And Global Forecast 2022-2026

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The warship and naval vessels market consists of the sale of warships and naval vessels by entities (organizations, sole traders, and partnerships) that are built to serve the war and belong to the naval forces of the country. Warships are faster, safer, and more valuable ships which are key components of the country’s naval forces which are used to carry weapons, ammunition, and essential supplies for the crew.

The main types of warship and naval vessels are submarines, aircraft carriers, and warships. A submarine is a submersible vessel that can operate independently underwater. The operation segment consists of surface fleet and undersea fleet. Surface fleets are a subclass of navy vessels that are equipped with armaments and armed forces to fight on the water's surface. The end-user segment includes destroyer and frigate depending upon the force using the warship and naval vessels. Furthermore, the application segment is segmented into rescue, defense and others depending upon the operation to be performed.

The global warship and naval vessels market size is expected to grow from $54.35 billion in 2021 to $60.27 billion in 2022 at a compound annual growth rate (CAGR) of 10.90%. The global warship and naval vessels market size is expected to reach $91.68 billion in 2026 at a CAGR of 11.05%.

The growth in global defense spending is driving the warship and naval vessels market. Global defense spending has increased in recent years due to the rising regional conflicts in the world. Countries are spending exclusively on upgrading their defense and naval vessels to safeguard their maritime rights and interests. According to the study published by the Stockholm International Peace Research Institute, global military expenditure increased to $1,981 billion in 2020, a 2.6% increased from 2019, and the USA, China, India, Russia and UK accounted for 62% of global military expenditure. The increase in defense spending by countries across the globe is expected to boost the warship and naval vessels market during the forecast period.

The warship and vessels manufactures are adopting advanced environment friendly materials to reduce the pollutions and environmental damages in oceans. The rising war and conflict activities among countries cause a lot of pollution and environmental damages in ocean. To control such activities manufactures are adopting greener approach in the maritime industry by using sustainable materials, like fibre-reinforced plastic which reduces the carbon footprints in ships. For instance, In March 2021, Hyundai Mipo Dockyard and Korea Shipbuilding & Offshore Engineering (KSOE) announced that they had inked a commercial agreement with the American Bureau of Shipping (ABS) and the Marshall Islands Flag State for the creation of a liquefied carbon dioxide carrier. Hyundai Mipo Dockyard and KSOE will collaborate on the development of a ship that can sustain and carry liquid carbon dioxide at low temperatures and high pressures.

In March 2021, Japan-based firm Mitsubishi Heavy Industries announced the acquisition of a shipbuilding services company Mitsui E&S Holdings for 5 billion yen ($46 million). With this deal, Mitsubishi heavy industries hold Japan's largest defense contractor a 54% share of the country's market for naval vessels, and aims to grow sales in its defense and space segment by 10% to 20% in the coming next five years. Mitsui E&S's Tamano Works, where Japan's newest submarine-hunting ship was launched last year, will be taken over by Mitsubishi Heavy, along with around 400 of the 700 workers there. Mitsui E&S Holdings, a Japanese company offers shipbuilding services established in 1917 with businesses in machinery, ocean development, engineering and IT services.

Major players in the warship and naval vessels market are Babcock International, DSME, Fincantieri, Garden Reach Shipbuilders & Engineers, General Dynamics, Hyundai Heavy Industries, Kawasaki Heavy Industries, Lockheed Martin, Navantia, Reliance Naval, Austal, BAE Systems, Curtis-Wright, DCNS, Finmeccanica, Huntington Ingalls, Kongsberg, and Raytheon.

North America was the largest region in the warship and naval vessels market in 2021. Asia Pacific is expected to be the fastest-growing region in the global warship and naval vessels market during the forecast period. The regions covered in the global warship and naval vessels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the warship and naval vessels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global warship and naval vessels  market is segmented -

1) By Type: Warships, Submarines, Aircraft Carriers

2) By Operation: Surface Fleet, Undersea Fleet

3) By End Use: Destroyer, Frigate

4) By Application: Rescue, Defense, Other Applications

    Table Of Contents

    1. Executive Summary

    2. Warship And Naval Vessels Market Characteristics

    3. Warship And Naval Vessels Market Trends And Strategies

    4. Impact Of COVID-19 On Warship And Naval Vessels

    5. Warship And Naval Vessels Market Size And Growth

    5.1. Global Warship And Naval Vessels Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Warship And Naval Vessels Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Warship And Naval Vessels Market Segmentation

    6.1. Global Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Warships

    Submarines

    Aircraft Carriers

    6.2. Global Warship And Naval Vessels Market, Segmentation By Operation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Surface Fleet

    Undersea Fleet

    6.3. Global Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Destroyer

    Frigate

    6.4. Global Warship And Naval Vessels Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Rescue

    Defense

    Others

    7. Warship And Naval Vessels Market Regional And Country Analysis

    7.1. Global Warship And Naval Vessels Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Warship And Naval Vessels Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Warship And Naval Vessels Market

    8.1. Asia-Pacific Warship And Naval Vessels Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Warship And Naval Vessels Market

    9.1. China Warship And Naval Vessels Market Overview

    9.2. China Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Warship And Naval Vessels Market

    10.1. India Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Warship And Naval Vessels Market

    11.1. Japan Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Warship And Naval Vessels Market

    12.1. Australia Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Warship And Naval Vessels Market

    13.1. Indonesia Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Warship And Naval Vessels Market

    14.1. South Korea Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Warship And Naval Vessels Market

    15.1. Western Europe Warship And Naval Vessels Market Overview

    15.2. Western Europe Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Warship And Naval Vessels Market

    16.1. UK Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Warship And Naval Vessels Market

    17.1. Germany Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Warship And Naval Vessels Market

    18.4. France Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Warship And Naval Vessels Market

    19.1. Eastern Europe Warship And Naval Vessels Market Overview

    19.2. Eastern Europe Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Warship And Naval Vessels Market

    20.1. Russia Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Warship And Naval Vessels Market

    21.1. North America Warship And Naval Vessels Market Overview

    21.2. North America Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Warship And Naval Vessels Market

    22.1. USA Warship And Naval Vessels Market Overview

    22.2. USA Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Warship And Naval Vessels Market

    23.1. South America Warship And Naval Vessels Market Overview

    23.2. South America Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Warship And Naval Vessels Market

    24.1. Brazil Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Warship And Naval Vessels Market

    25.1. Middle East Warship And Naval Vessels Market Overview

    25.2. Middle East Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Warship And Naval Vessels Market

    26.1. Africa Warship And Naval Vessels Market Overview

    26.2. Africa Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Warship And Naval Vessels Market Competitive Landscape And Company Profiles

    27.1. Warship And Naval Vessels Market Competitive Landscape

    27.2. Warship And Naval Vessels Market Company Profiles

    27.2.1. Babcock International

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. DSME

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Fincantieri

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Garden Reach Shipbuilders & Engineers

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. General Dynamics

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Warship And Naval Vessels Market

    29. Warship And Naval Vessels Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Warship And Naval Vessels Market, Segmentation By Operation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Warship And Naval Vessels Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Warship And Naval Vessels Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Warship And Naval Vessels Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: Asia-Pacific, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: China, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: India, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Japan, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Australia, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Indonesia, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: South Korea, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Western Europe, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: UK, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Germany, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: France, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Eastern Europe, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: Russia, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: North America, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: USA, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: South America, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Brazil, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Middle East, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Warship And Naval Vessels Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Africa, Warship And Naval Vessels Market, Segmentation By End Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 47: Babcock International Financial Performance
  • Table 48: DSME Financial Performance
  • Table 49: Fincantieri Financial Performance
  • Table 50: Garden Reach Shipbuilders & Engineers Financial Performance
  • Table 51: General Dynamics Financial Performance

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