Global Naval Surface Vessels Market 2022-2032

$3,500.00

Naval ships and surface combatants are technologically advanced warships that are utilized for sea-based operations on the battlefield. Weapon launchers such as torpedo launchers, vertical missile launchers, anti-submarine rocket launchers, and rocket launchers are available on naval surface combat ships. According to their platform, naval ships and surface combatants are divided into destroyers, amphibious ships, auxiliary ships, aircraft carriers, corvettes, and frigates. The incorporation of information, communication, and technology (ICT) into naval ships is one of the aspects that is projected to drive the market.

Description

Naval vessels and surface combatants are warships that are technologically advanced and used for battlefield sea-based operations. Naval surface warfare ships are equipped with weapon launch systems such as torpedo launching systems, vertical missile launchers, anti-submarine rocket launchers, and rocket launchers. Naval ships and surface combatants are classified based on their platform as destroyers, amphibious ships, auxiliary vessels, aircraft carriers, corvettes, and frigates. The factors that are anticipated to drive the market are ICT (incorporation of information, communication, and technology) in the naval ship. In addition, there is an increasing number of naval exercises, which is expected to boost the market. The opportunities of the market are initiatives for the development of advanced autonomous warships and marine industry digitization. There is always a need for changing and replacing the conventional system due to rapidly changing technology in sensor systems and weapon launch systems, which acts as an important factor that drives the market growth. Nevertheless, the high cost of building naval vessels and surface combatants is the restraint of the market.

Major factors driving the growth of the market

More than 90% of overall globe trade routes are constituted by maritime trade. The key responsibility of major economies around the world is to ensure the safety of commercial vessels that passes on the maritime trade route. Some of the maritime routes in the following areas such as The Coasts of Benin, Nigeria, Cameroon, Malacca, and Gulf of Aden, and Congo-Brazzaville are prone to piracy highly. Similarly, the maritime routes are also used for illegal immigration, terrorist attacks, and smuggling. Thus, many countries to protect their key maritime trade routes, investing in procurement and modernization of naval vessels. Across the globe, many countries are focussing on the indigenous maintenance and development of their naval ships to reduce the dependency on imports from other country. The ships that are built indigenously can be maintained, overhauled, customized, and repaired domestically without depending on other country’s accessories and spare parts. In addition, the government will be able to provide jobs in the shipbuilding sector, which in turn will contribute to the overall country’s economy. The indigenous shipbuilding also facilitates the advent of a stronger industrial ecosystem. Throughout the entire lifespan of the vessel, local enterprises can integrate new functionality and weapon system.

Trends influencing the growth of the market

There is an increase in the adoption of integrated electric propulsion technology. In terms of integrated propulsion technology, diesel generators and gas turbines are used to generate three- phase electricity. The electricity that is generated by diesel generators and gas turbines is provided to electric power motors to turn the propellers. Instead of mechanical transmission, electric transmission is used in integrated electric propulsion technology. This technology helps to reduce the weight of the overall naval ship and also reduces the noise created by marine engines. Hence, the electric propulsion system is being adopted by the future surface combatant. The integrated electric propulsion technology is adopted by HMS Queen Elizabeth of the Royal Army and Zumwalt class destroyers of the US army.

Market Dynamics

Safe and efficient maritime operations are provided by new technologies in naval vessels and surface combatants. To carry out the following activities heavy lifting, painting, welding, blasting, and other tasks in the shipyards shipbuilding robots are used. Geoji shipyard based in South Korea is launching around 30 ships per year. Using a robotic system 67% of their work is being completed. Thus, the robotic system increases the production rate of the shipbuilding industry. Mini welding robots are developed by Hyundai Heavy industries. The increasing demand for robot technology in shipbuilding is enhancing the naval vessels and surface combatant’s growth in the market. The development cost of naval vessels and surface combatants restraint the market growth. This acts as one of the main factor that restraint market growth. Naval vessels and surface combatants have highly expensive sensor system, communication system, combat management system, weapon launch systems, and auxiliary systems. Naval shipbuilding contracts are long-term contracts. There is an increase in naval ship and combatant program costs due to delays in shipbuilding production phases. Thus, a market restraint is seen with the high cost associated with the building of naval warships.

Developments

Hyundai heavy industries received a contract worth USD 554.8 million from the Philippine department of national defense to construct two new corvettes. This contract was awarded under the Navy’s CAP (Corvette acquisition program). By 2035, The Ukraine government announced to build a three-phase, a new fleet. The first stage is anticipated to complete in the year 2024, the second phase by 2030, and the final phase by 2035.

 

 

 

 

Table of Contents

Market Definition

 

Market Segmentation

 

– By Platform

– By Region

– By Application

 

10 Year Market Outlook

 

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

 

Market Technologies

 

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

 

Global Market Forecast

 

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

 

Regional Market Trends & Forecast

 

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

 

North America

 

– Drivers, Restraints and Challenges

– PEST

– Market Forecast & Scenario Analysis

– Key Companies

– Supplier Tier Landscape

– Company Benchmarking

 

Europe

Middle East

APAC

South America

 

Country Analysis

 

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

 

US

– Defense Programs

– Latest News

– Patents

– Current levels of technology maturation in this market

– Market Forecast & Scenario Analysis

 

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

 

Opportunity Matrix

 

The opportunity matrix helps the readers understand the high opportunity segments in this market.

 

Expert Opinions

 

Hear from our experts their opinion of the possible outlook for this market.

 

Conclusions

 

About Aviation and Defense Market Reports

Countries Covered

US

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

Regions Covered

North America

South America

Europe

Middle East

Asia

Segments Covered

By Region

By Platform

By Application