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Global Battle Force Ships Market Size, Share, and Forecast Analysis 2025-2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.What Are the Battle Force Ships Market Size Forecast for 2025?
The market size for battle force ships has seen robust growth in the past few years. The projection is that it will rise from $23.76 billion in 2024 to $26.01 billion in 2025, marking a compound annual growth rate (CAGR) of 9.5%. Factors such as geopolitical instability, modernization and upgrading of fleets, piracy and maritime security, naval power projection, and relief efforts in disaster and humanitarian situations accounted for the growth during the historical period.
What Is the Market Size Outlook for Battle Force Ships Until 2029?
The market for battle force ships is predicted to witness significant expansion in the coming years. The market is set to increase to a value of $37.79 billion by 2029 with a compound annual growth rate (CAGR) of 9.8%. This projected growth within this period is largely due to factors such as emerging threats, cybersecurity issues, information warfare, presence in the arctic and polar regions, electromagnetic railguns, and directed energy weapons, as well as autonomous and unmanned systems. Key trends within this time frame are anticipated to encompass multi-mission ships, decreased crew numbers in favour of automation, modular design, environmental sustainability, and international collaboration.
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What Are the Major Factors Driving Demand in the Battle Force Ships Market?
The expansion of the battle force ship market is forecasted to be propelled by an upsurge in maritime security investment. Essentially, maritime security pertains to measures undertaken to mitigate the risk of intentional harm done through acts of sabotage, subversion, or terrorism. For instance, the United States Maritime Administration (MARAD), a US-based aquatic transportation agency, put forth measures in October 2022 to enhance supply chains, expedite operations, and ease backlogs in crucial repair and maintenance works. These are the main objectives of the BIL's port infrastructure and waterways investments in the marine sector, which amounts to more than $17 billion. Therefore, the escalation in maritime security investment is projected to stimulate the growth of the battle force ship market.
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How Are End-Use Segments Shaping the Battle Force Ships Market Outlook?
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
What Are the Strategic Trends Transforming the Battle Force Ships Market Landscape?
Leading businesses involved in the battle force ship market, such as Garden Reach Shipbuilders & Engineers Ltd., are creating cutting-edge battleships like the INS Anjadip and INS Sanshodhak to cater to the increasing need for military ships from the Indian Navy and display their prowess in constructing warships. The INS Anjadip is a speedy, nimble warship created to spot and eliminate submarines in shallow waters, whereas INS Sanshodhak is a versatile warship, employed for an array of duties like hydrographic surveys, oceanographic studies, and search and rescue missions. For example, in June 2023, Garden Reach Shipbuilders & Engineers Ltd., launched the warships INS Anjadip and INS Sanshodhak, amplifying the strength of the Indian Navy's fleet. The INS Anjadip will boost the Indian Navy's shallow water anti-submarine warfare capacities, and the INS Sanshodhak will improve maritime observation and research capabilities. This demonstrates the increasing abilities of the country as a warship builder and the dedication of the Indian Navy to updating its fleet.
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Who Are the Prominent Companies in the Battle Force Ships Market by ?
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
Which Region Is Expected to See the Highest CAGR in the Battle Force Ships Market?
Asia-Pacific was the largest region in the battle force ships market in 2024. 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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