Press release
Increase In Defense Budgets Driving Growth Of The Market Due To Rising Geopolitical Tensions: A Key Catalyst Accelerating Global Amphibious Warfare Ship Market Growth in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Amphibious Warfare Ship Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of amphibious warfare ships has experienced robust growth recently. It is forecasted to expand from $9.51 billion in 2024 to $10.27 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period is related to escalating geopolitical strains, heightened demand for power projection, a growing emphasis on maritime safety, rising procurement of multi-purpose vessels, and increasing investment in modernizing naval fleets.
Amphibious Warfare Ship Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for significant expansion in the amphibious warfare ship market in the following years, with predictions of its value reaching $13.74 billion in 2029, displaying a compound annual growth rate of 7.6%. The progression in the market in the projected period can be associated with an increase in territorial disagreements in primary regions, the expansion of unmanned system usage, a rise in the requirement for humanitarian assistance ships, the growth in multi-domain warfare needs, and the escalating replacement rates of older fleets. Notable movements in the forecast period consist of enhancements in autonomous landing craft, the evolution of integrated electric propulsion systems, progress in stealth and survival features, advancements in modular mission bay flexibility, and the growth of directed energy weaponry.
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What Are the Drivers Transforming the Amphibious Warfare Ship Market?
The growth of the amphibious warfare ship market is anticipated to be driven by increased defense budgets. These budgets represent the portion of a country's national budget dedicated to supporting its military and defense-related activities. Rising geopolitical tensions are primarily contributing to the surge in defense budgets, leading to enhanced investments in military preparedness and state-of-the-art technologies. A substantial defense budget is crucial for the modernization of amphibious warfare ships, providing persistent investment in advanced defensive and offensive systems, and the establishment of superior logistical capabilities. For example, the Global military expenditure reached $2.24 trillion in April 2023, reflecting a 3.7% increase from 2021, as per the Stockholm International Peace Research Institute, a research entity based in Sweden. Therefore, burgeoning defense budgets contribute significantly to the expansion of the amphibious warfare ship market.
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What Long-Term Trends Will Define the Future of the Amphibious Warfare Ship Market?
Leading corporations in the amphibious warfare ship market are focusing on technological advancements, such as integrated electric propulsion systems, to boost power generation, improve fuel economy, and equip vessels with the energy necessary for high-tech weapons and sensor systems. Integrated electric propulsion systems are nautical power structures that merge electric generators, motors, and sophisticated power management, engineered to efficiently allocate electrical energy for both propulsion and high-demand mission systems like radar and directed-energy weapons. For example, Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), unveiled its new Type 076 amphibious assault ship in December 2024. This avant-garde warship includes electromagnetic catapults and arresting gear (EMALS and AAG), enabling a wider variety of fixed-wing aircraft and drones, a first in this ship class. This breakthrough signifies a significant progression in China's amphibious warfare capabilities, effectively linking an assault ship and an aircraft carrier. The ship is purposed to offer superior air support and power projection for amphibious landing operations and maritime missions.
Which Segments in the Amphibious Warfare Ship Market Offer the Most Profit Potential?
The amphibious warfare ship market covered in this report is segmented as
1) By Type: Dock Landing Ship, Amphibious Transport Dock, Amphibious Assault Ship, Other Types
2) By Propulsion: Conventional, Nuclear
3) By Operation Capability: Amphibious Assault Operations, Humanitarian Assistance Operations, Disaster Relief Operations, Combat Logistics Support
4) By Size Or Displacement: Small Amphibious Crafts (up to 1,500 tons), Medium Size Amphibious Vessels (1,500 - 5,000 tons), Large Amphibious Warfare Ships (above 5,000 tons)
5) By End-User: Military, Coast Guard, Private Security Firms, Humanitarian Organizations
Subsegments:
1) By Dock Landing Ship: Traditional Dock Landing Ship, Modern Advanced Dock Landing Ship
2) By Amphibious Transport Dock: San Antonio Class Amphibious Transport Dock, Albion Class Amphibious Transport Dock
3) By Amphibious Assault Ship: Wasp Class Amphibious Assault Ship, America Class Amphibious Assault Ship
4) By Other Types: Landing Ship Tank, Landing Craft Utility, Multi Role Amphibious Ship
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Which Firms Dominate the Amphibious Warfare Ship Market by Market Share and Revenue in 2025?
Major companies operating in the amphibious warfare ship market are Lockheed Martin Corporation, Northrop Grumman Corporation, Thyssenkrupp AG, BAE Systems plc, Larsen & Toubro Limited, Thales S.A., Textron Inc., Kawasaki Heavy Industries Ltd., Huntington Ingalls Industries Inc., HD Hyundai Heavy Industries Co. Ltd., FINCANTIERI S.p.A., ST Engineering Ltd., Saab AB, Naval Group S.A., Damen Shipyards Group B.V., Hanwha Systems Co. Ltd., Austal Limited, Mazagon Dock Shipbuilders Limited, Griffon Hoverwork Ltd., Navantia S.A., Marine Alutech Oy Ab.
Which Regions Offer the Highest Growth Potential in the Amphibious Warfare Ship Market?
North America was the largest region in the amphibious warfare ship market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in amphibious warfare ship report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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