Global Military Shipbuilding & Submarines Market Size To Exceed USD 129.5 Billion By 2035 | CAGR of 4.54%
Category: Aerospace & DefenseGlobal Military Shipbuilding & Submarines Market Size To Exceed USD 129.5 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Military Shipbuilding & Submarines Market Size is Expected to Grow from USD 79.5 Billion in 2024 to USD 129.5 Billion by 2035, at a CAGR of 4.54% during the forecast period 2025-2035.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Military Shipbuilding & Submarines Market Size, Share, and COVID-19 Impact Analysis, By Type of Ships (Surface Ships, Corvettes, Frigates, Destroyers, Cruisers, and Aircraft Carriers), By Purpose (Offensive Operations, Defensive Operations, Patrol & Surveillance, and Special Operations), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/military-shipbuilding-and-submarines-market
The military shipbuilding & submarines market is the industry encompassing the designing, construction, maintenance, and modernization of naval vessels, like surface ships and submarines, for military purposes. Shipbuilding refers to the designing, construction, and maintenance of surface vessels such as warships and aircraft carriers, while submarine construction deals with the unique engineering challenges of building submersible vessels for underwater operations. Retrofitting, repairs, and technical support for surface vessels are some of the services that are creating growth opportunities, positively impacting the military shipbuilding and submarines market. The evolving threats and geopolitical instability, including the Russia-Ukraine war, shadowing fleets, and fluctuating trade relationships, are contributing to driving the military shipbuilding & submarines market. The emergence of advanced naval capabilities influenced by several initiatives is bolstering the market growth. However, the heightened cost of naval construction and complexity in integrating advanced technologies are challenging the market.
The surface ships segment dominated the market with the largest share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type of ships, the military shipbuilding & submarines market is divided into surface ships, corvettes, frigates, destroyers, cruisers, and aircraft carriers. Among these, the surface ships segment dominated the market with the largest share in 2024 and is projected to grow at a substantial CAGR during the forecast period. The increasing demand for advanced and stealthy surface ships for enhancing the naval capabilities and ensuring maritime security is propelling the market growth.
The offensive operations segment accounted for the largest market share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the purpose, the military shipbuilding & submarines market is divided into offensive operations, defensive operations, patrol & surveillance, and special operations. Among these, the offensive operations segment accounted for the largest market share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The growing demand for advanced and lethal warships for offensive operations is driving the market growth of military shipbuilding & submarines.
North America is expected to hold the majority share of the global military shipbuilding & submarines market during the forecast period.
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North America is expected to hold the majority share of the global military shipbuilding & submarines market during the forecast period. The growing demand for naval and commercial vessels, government defense budgets, and shipbuilding advanced technologies are driving the region’s military shipbuilding & submarines market.
Asia Pacific is anticipated to grow at the fastest pace in the global military shipbuilding & submarines market during the forecast period. The growing significance of advanced shipbuilding technologies, along with the high demand for robust submarine fleets, contributes to promoting market growth. The increasing defense spending and budget allocation for naval forces are promoting the market.
Europe is anticipated to hold a significant share of the military shipbuilding & submarines market during the predicted timeframe. An increasing investment in robotics and other digital technologies by the local naval shipbuilders is supporting the market growth of military shipbuilding & submarines. Emphasis on the impact of the Ukraine conflict affecting the naval shipbuilding is enhancing the market.
Major vendors in the global military shipbuilding & submarines market are General Dynamics Corporation, Huntington Ingalls Industries Inc., BAE Systems PLC, Northrop Gruman Corporation, Mitsubishi Heavy Industries, Lockheed Martin Corporation, Leonardo SpA, Singapore Technologies Engineering, DCNS S.A (Naval Group), Singapore Technologies Engineering, Daewoo Shipbuilding and Marine Engineering, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In February 2022, Naval Group and PT PAL signed a Memorandum of Understanding seeking to leverage the capabilities of both partners to meet the growing requirements of the Indonesian Navy.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the military shipbuilding & submarines market based on the below-mentioned segments:
Global Military Shipbuilding & Submarines Market, By Type of Ships
- Surface Ships
- Corvettes
- Frigates
- Destroyers
- Cruisers
- Aircraft Carriers
Global Military Shipbuilding & Submarines Market, By Purpose
- Offensive Operations
- Defensive Operations
- Patrol & Surveillance
- Special Operations
Global Military Shipbuilding & Submarines Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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