Press release
2025-2034 Naval Integrated Mast Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Naval Integrated Mast
What Is the Expected CAGR for the Naval Integrated Mast Market Through 2025?
The size of the naval integrated mast market has seen a substantial increase in the past few years. Anticipated growth is from $1.35 billion in 2024 to $1.48 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. The escalation during the historic period can be ascribed to initiatives towards naval modernization, augmented defense budgets, intensifying concerns related to maritime security, the need to replace outdated military fleets, and an upsurge in the production of naval vessels.
What's the Projected Size of the Global Naval Integrated Mast Market by 2029?
The market of integrated mast systems in the navy is projected to experience robust growth in the upcoming years, swelling to $2.12 billion value in 2029 with a 9.4% compound annual growth rate (CAGR). The surge anticipated during this projection period can be ascribed to factors like the surging need for mast systems that offer multiple functionalities, focus on low radar signature and stealth, modular construction and early upgrades, the presence of territorial disputes and geopolitical frictions, and the escalating adoption in nascent naval markets. Significant trends expected to shape this period include the fusion of AI-enabled sensors, emphasis on materials with lightweight composite, adoption of autonomous and unmanned platforms, digital overhaul in defense mechanisms, and attention to sustainability and life cycle expense administration.
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Top Growth Drivers in the Naval Integrated Mast Industry: What's Accelerating the Market?
The expansion in defense budgets is anticipated to fuel the development of the naval integrated mast market in the future. Defense budgets represent government funds allocated towards the improvement and preservation of national security through military resources, staffing, and equipment. Increased defense expenditures are a consequence of escalating security risks, with nations facing increasingly intricate obstacles posed by near-peer rivals and novel technologies necessitating superior military ability. Elevating defense budgets lead to the uptake of advanced naval integrated masts by facilitating improved investment in multi-sensor integration, stealth technologies, and enhanced situational awareness systems for contemporary fleets. For example, the UK Parliament's House of Commons Library, a UK-based government entity, projected in May 2025 that UK defense expenditure would reach roughly $70.5 billion (£56.9 billion) in the 2024-25 fiscal year, escalating further to about $73.9 billion (£59.8 billion) in 2025-26. As such, the growth in defense budgets is pushing the naval integrated mast market's growth.
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What Trends Will Shape the Naval Integrated Mast Market Through 2029 and Beyond?
Leading corporations within the naval integrated mast market are prioritizing the creation of novel solutions, such as the incorporation of advanced combat management systems, to bolster situational cognizance and decision making processes. This means combining a vessel's command, control, and sensor-processing abilities into the mast structure, which facilitates more efficient data transmission, enhances real-time threat identification, and promotes quicker, more synchronized reaction during naval maneuvers. For example, in May 2025, Naval Group SA, a French defence firm, initiated the launch of the third Hellenic Navy FDI frigate HS Formion, while successfully establishing its Panoramic Sensors and Intelligence Module (PSIM) mast. The PSIM mast, which is 150 tons in weight and 42 meters in height, brings together the ship's Command Information Centre (CIC), the most recent rendition of SETIS Combat Management System (CMS), mission organising facilities, and one out of two digital data centres. It also houses the majority of over-water sensors to guarantee nonstop 360° surveillance. Integrating such enhanced functions into one mast structure decreases the weight of the vessel, heightens survival rates, maximises space usage, and fastens production timelines. By instigating state-of-the-art digital technologies directly within module mast systems, companies like Naval Group SA can establish fresh standards in naval architecture and strategically position themselves within the market as the demand for multi-mission frigates with high-level situational awareness abilities keeps expanding.
What Are the Main Segments in the Naval Integrated Mast Market?
The naval integrated mast market covered in this report is segmented as
1) By Component: Radar Systems, Communication Systems, Electronic Warfare Systems, Navigation Systems, Structural Components, Other Components
2) By Platform: Destroyers, Frigates, Corvettes, Offshore Patrol Vessels, Aircraft Carriers, Other Platforms
3) By Material: Composite, Steel, Aluminum, Other Materials
4) By Installation Type: New Installation, Retrofit
5) By End User: Naval Forces, Coast Guard, Other End-Users
Subsegments:
1) By Radar Systems: Air Surveillance Radar, Surface Surveillance Radar, Fire Control Radar, Navigation Radar
2) By Communication Systems: Radio Communication Modules, Satellite Communication Systems, Data Link Systems, Intercom And Internal Communication Systems
3) By Electronic Warfare Systems: Electronic Support Measures, Electronic Countermeasure Systems, Signal Intelligence Systems, Jamming Systems
4) By Navigation Systems: Inertial Navigation Systems, Global Positioning Systems, Gyrocompass Systems, Radar Navigation Systems
5) By Structural Components: Mast Towers, Support Brackets, Enclosures And Housings, Mounting Hardware
6) By Other Components: Power Supply Units, Cooling Systems, Cabling And Connectors, Control Consoles
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Which Top Companies are Driving Growth in the Naval Integrated Mast Market?
Major companies operating in the naval integrated mast market are Lockheed Martin Corporation, General Dynamics Corporation, BAE Systems plc, L3Harris Technologies Inc., Leonardo S.p.A., ST Engineering Ltd., Elbit Systems Ltd., Indra Sistemas S.A., Israel Aerospace Industries Ltd. (IAI), Saab AB, Naval Group, Thales S.A., HENSOLDT AG, Atlas Elektronik GmbH, Terma A/S, Navantia S.A., Will-Burt Company Inc., MILMAST S.p.A., GABLER Naval Technology GmbH, Mastsystem AB
Which Regions Will Dominate the Naval Integrated Mast Market Through 2029?
North America was the largest region in the naval integrated mast market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in naval integrated mast report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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