How big is the battle force ships market today, and what are its future growth expectations?
The battle force ships market size has grown rapidly in recent years. It will grow from $25.45 billion in 2024 to $28.12 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to geopolitical tensions, naval power projection, modernization and fleet upgrades, piracy and maritime security, humanitarian and disaster relief.
The battle force ships market size is expected to see strong growth in the next few years. It will grow to $38.99 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to emerging threats, cybersecurity and information warfare, arctic and polar presence, electromagnetic railguns and directed energy weapons, autonomous and unmanned systems. Major trends in the forecast period include multi-mission ships, reduced crew and automation, modular design, environmental sustainability, international collaboration.
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What have been the primary factors driving the battle force ships market’s growth?
A rise in maritime security investment will anticipate the growth of the battle force ship market. Maritime security basically deals with safety and security concerns regarding the prevention of intentional damage through sabotage, subversion, or terrorism. For instance, in October 2022, according to reports from the United States Maritime Administration (MARAD), a US-based waterborne transportation agency, to improve supply chains, remove bottlenecks to speed up business, and alleviate backlogs in essential repairs and maintenance are the major goals of the BIL’s more than $17 billion in port infrastructure and waterways investments in the marine sector. Thus, increased investment in maritime security is expected to boost the growth of the battle force ship market.
What are the key segments within the battle force ships market?
The battle force ships market covered in this report is segmented –
1) By Vessel Type: Frigates, Corvettes, Destroyers, Aircraft Carriers, Torpedo Boats, Support Crafts, Others
2) By Technology: Conventional Powered, Nuclear Powered
3) By Application: Search And Rescue, Combat Operations, Mcm Operations, Coastal Surveillance, Others
Subsegments:
1) By Frigates: Multi-Role Frigates, Anti-Submarine Warfare Frigates, Air Defense Frigates
2) By Corvettes: Coastal Defense Corvettes, Multi-Role Corvettes, Missile Corvettes
3) By Destroyers: Guided Missile Destroyers, Anti-Aircraft Destroyers, Anti-Submarine Destroyers
4) By Aircraft Carriers: Nuclear-Powered Aircraft Carriers, Conventionally-Powered Aircraft Carriers
5) By Torpedo Boats: Fast Attack Torpedo Boats, Multi-Role Torpedo Boats
6) By Support Crafts: Amphibious Assault Ships, Auxiliary Ships, Supply Ships
7) By Others: Landing Ship Tanks (LST), Minesweepers, Submarines
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Which key players are shaping the battle force ships market?
Major companies operating in the battle force ships market include BAE Systems, Lockheed Martin Corp, General Dynamics Corporation, Huntington Ingalls Industries, Abu Dhabi Ship Building, Austal Limited, Damen Schelde Naval Shipbuilding (DSNS), Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries, Mazagon Dock Shipbuilders Limited, Naval Group SA, PO Sevmash, Thales Group, ThyssenKrupp Marine Systems AG, Fincantieri S.p.A., ASC PTY LTD., Raytheon Technologies Corp., SaaB AB, Mitsubishi Heavy Industries Ltd., Kawasaki Shipbuilding Corporation, Kockums AB, United Shipbuilding Corporation, Navantia, Samsung Heavy Industries, China Shipbuilding Industry Corporation, STX Offshore & Shipbuilding, Boustead Naval Shipyard, Garden Reach Shipbuilders & Engineers, Bharat Heavy Electricals Limited
How will emerging trends drive the battle force ships market throughout the forecast period?
Major companies operating in the battle force ship market are developing innovative battleships such as INS Anjadip and INS Sanshodhak to meet the growing demand for warships from the Indian Navy and demonstrate its capabilities as a warship builder. INS Anjadip is a fast and agile warship that is designed to detect and destroy submarines in shallow waters. And INS Sanshodhak is a multi-purpose warship that is used for a variety of tasks, including hydrographic surveying, oceanographic research, and search and rescue operations. For instance, in June 2023, Garden Reach Shipbuilders & Engineers Ltd., an India-based shipbuilding and repairing company, launched two warships called INS Anjadip and INS Sanshodhak, both of these warships are significant additions to the Indian Navy’s fleet. The INS Anjadip will enhance the Indian Navy’s anti-submarine warfare capabilities in shallow waters, while the INS Sanshodhak will enhance the Indian Navy’s maritime surveillance and research capabilities. This helps the country’s growing capabilities as a warship builder and the Indian Navy’s commitment to modernizing its fleet.
How do regional factors impact the battle force ships market, and which region is the largest contributor?
Asia-Pacific was the largest region in the battle force ships market in 2023. Western Europe is expected to be the fastest-growing region in the battle force ships market during the forecast period. The regions covered in the battle force ships market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Battle Force Ships Market Report 2025 Offer?
The battle force ships market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Battle force ship refers to warships capable of aiding combat operations, such as aircraft carriers, and support crafts. The battle force ship components include an anchor, rudder, bow, keel, accommodation, propeller, mast, bridge, hatch coves, and bow thrusters.
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