Battle Force Ships Market Growth Outlook Through 2024-2033

Uday Kiran

Battle Force Ships Market Growth Outlook Through 2024-2033

The battle force ships market size is expected to see strong growth in the next few years. It will grow to $63.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. 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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Segmentation & Regional Insights

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

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

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Major Driver Impacting Market 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.

Key Industry Players

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

The battle force ships market report table of contents includes: