The battle force ships market size has grown rapidly in recent years. It will grow from $25.45 billion in 2024 to $28.12 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to geopolitical tensions, naval power projection, modernization and fleet upgrades, piracy and maritime security, humanitarian and disaster relief.
The battle force ships market size is expected to see strong growth in the next few years. It will grow to $38.99 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to emerging threats, cybersecurity and information warfare, arctic and polar presence, electromagnetic railguns and directed energy weapons, autonomous and unmanned systems. Major trends in the forecast period include multi-mission ships, reduced crew and automation, modular design, environmental sustainability, international collaboration.
An upsurge in investments in maritime security is poised to drive the growth of the battle force ship market. Maritime security focuses on safeguarding against intentional harm, such as sabotage, subversion, or terrorism, to ensure safety and security in the maritime domain. Notably, the United States Maritime Administration (MARAD) reported in October 2022 that investments exceeding $17 billion were allocated to enhance port infrastructure and waterways, aimed at streamlining supply chains, addressing bottlenecks, expediting business processes, and resolving maintenance backlogs in the marine sector. As a result, heightened investment in maritime security is anticipated to fuel the expansion of the battle force ship market.
The battle force ship market's growth is expected to be driven by increasing geopolitical tensions. Geopolitical tensions denote conflicts, rivalries, or strained relations between nations or regions, often stemming from disputes over territory, resources, political ideology, military strength, or other geopolitical factors. Battle force ships play a pivotal role in either exacerbating or mitigating such tensions. They can act as a deterrent to aggression, provide reassurance to allies and partners, and, if necessary, engage in combat operations to safeguard a nation's interests or those of its allies. For example, reports from the National Library of Medicine in January 2023 revealed substantial increases in the geopolitical risks faced by Syria and Yemen. In this context, the growth of geopolitical tensions, particularly in regions like Russia and Ukraine, is propelling the battle force ship market.
Leading companies in the battle force ship market are focusing on the development of advanced warships, exemplified by vessels like INS Anjadip and INS Sanshodhak, to cater to the increasing demand from the Indian Navy and to showcase their prowess as warship builders. INS Anjadip is a highly maneuverable warship designed for submarine detection and engagement in shallow waters. On the other hand, INS Sanshodhak serves as a versatile warship, capable of performing various tasks such as hydrographic surveying, oceanographic research, and search and rescue missions. In June 2023, Garden Reach Shipbuilders & Engineers Ltd., an Indian shipbuilding and repair company, successfully launched these two noteworthy warships, significantly bolstering the Indian Navy's capabilities. INS Anjadip will enhance the navy's anti-submarine warfare capabilities in shallow waters, while INS Sanshodhak will contribute to maritime surveillance and research, underscoring India's evolving role as a leading warship manufacturer and the Indian Navy's commitment to modernizing its fleet.
In a strategic move to expand its shipbuilding capabilities and product portfolio, Bollinger Shipyards LLC, a US-based shipbuilding company, completed the acquisition of VT Halter Marine Inc. in November 2022 for $15 million. This acquisition enables Bollinger to enhance its shipbuilding capacity and diversify its offerings while gaining access to a skilled workforce. VT Halter Marine Inc., also based in the United States, specializes in the construction of battle naval and commercial vessels. This acquisition marks a significant step in Bollinger's expansion efforts and positions the company for further growth and market leadership in the shipbuilding industry.
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.
Battle force ships encompass a category of warships specifically engineered to play a pivotal role in combat operations, which may include aircraft carriers and supporting vessels. These formidable vessels are equipped with an array of essential components that ensure their functionality and effectiveness, including anchors, rudders, bows, keels, accommodations, propellers, masts, bridges, hatch covers, and bow thrusters.
The diverse fleet of battle force ships includes various types of vessels, each tailored to serve distinct naval purposes. This comprehensive spectrum comprises frigates, corvettes, destroyers, aircraft carriers, torpedo boats, support crafts, and additional classifications. Notably, frigates, characterized by their swiftness and relatively compact size, are often tasked with the protection of other naval assets. The wide range of applications for these battle force ships extends to search and rescue missions, combat operations, mine countermeasures (MCM) operations, coastal surveillance, and various other specialized tasks. The vessels are powered by different technologies, encompassing both conventional power sources and advanced nuclear power systems, allowing them to perform their designated functions with efficiency and precision.
The battle force ships market research report is one of a series of new reports that provides battle force ship market statistics, including battle force ship industry global market size, regional shares, competitors with a battle force ship market share, detailed battle force ship market segments, market trends and opportunities, and any further data you may need to thrive in the battle force ship industry. This battle force ship market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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. The countries covered in the battle force ships market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The battle force ship market consists of sales of battle force ships, such as combat warships, and support watercraft. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Battle Force Ships Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on battle force ships market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for battle force ships ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The battle force ships market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Vessel Type: Frigates; Corvettes; Destroyers; Aircraft Carriers; Torpedo Boats; Support Crafts; Others2) 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 Frigates2) 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
Key Companies Mentioned: BAE Systems; Lockheed Martin Corp; General Dynamics Corporation; Huntington Ingalls Industries; Abu Dhabi Ship Building
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Battle Force Ships market report 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 28.12 Billion |
Forecasted Market Value ( USD | $ 38.99 Billion |
Compound Annual Growth Rate | 8.5% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |