The Asia-Pacific surface warships market is evaluated to record a CAGR of 3.12% over the projected years of 2022 to 2030, acquiring a revenue share of $16.91 billion by 2030.

ASIA-PACIFIC SURFACE WARSHIPS MARKET FORECAST 2022-2030

Asia-Pacific Surface Warships Market by Vessel Type (Aircraft Carriers, Destroyers, Frigates, Corvettes, Other Vessel Types) Market by Component (Hull & Equipment, Propulsion/Power Transmission, Electronics, Weapon Systems, Other Components) Market by Operation (Attack, Surveillance & Intelligence, Logistics, Amphibious, Other Operations) by Geography

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The Asia-Pacific surface warships market is evaluated to record a CAGR of 3.12% over the projected years of 2022 to 2030, acquiring a revenue share of $16.91 billion by 2030.

The market growth of the region is attributable to the rising number of naval programs, significant investment in research and development, and the increasing expenditure on fleet modernization. However, regulations on the import and export of electronic components are likely to challenge the Asia-Pacific surface warships market growth.

Asia-Pacific Surface Warships Market

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The Asia-Pacific surface warships market growth evaluation entails the in-depth assessment of India, South Korea, Indonesia, North Korea, China, Japan, Myanmar, Vietnam, and Rest of Asia-Pacific. China presently possesses the largest naval fleet globally in terms of sheer numbers. Moreover, the strategic balance in the Asia-Pacific is shifting, primarily on account of the substantial growth of destroyers, submarines, and frigates. Currently, the People’s Liberation Army (PLA) fleet has 400 warships and submarines, and this number is expected to increase to more than 530 submarines as well as warships by the year 2030. In 2021, China commissioned significant navy vessels, including an amphibious helicopter carrier and a guided-missile cruiser. The Type 075 amphibious helicopter carrier Hainan and the Type 055 guided-missile cruiser Dalian have joined the country’s navy as well.

On the other hand, by 2021, seven guided-missile destroyers belonging to the Project 15A class in India are scheduled to be constructed. Formerly known as the Air Defense Ship, the first aircraft carrier of the Vikrant class (Project 71) was launched in 2013. Although the anticipated in-service date was initially set for 2019, it was implemented in the following year. Furthermore, while a second vessel of the same type with an IOC of 2030 is envisaged, seven Project 17a (Shivalik) Frigates are anticipated to go into service between 2022 and 2025. As a result, these factors are expected to reinforce the surface warships market growth in the Asia-Pacific during the forecast period.

The Asia-Pacific surface warships market is segmented into vessel type, component, and operation. The operation segment includes attack, surveillance & intelligence, logistics, amphibious, and others. The surging frequency of naval drills globally accounts for the significant growth of the attack segment. Moreover, in 2019, the Navy of Qatar’s Emir, as well as the Indian Navy, performed a three-day naval exercise termed Za’ir-Al-Bahr. The maritime surveillance, interdiction operation, air defense, and anti-terrorism operation were key parts of the naval exercise.

Geospatial data accumulated by warship sensors are integral for the development of network-centric warfare, thus facilitating enhanced situational awareness, rapid target assessment, as well as distributed weapon assignment. Aligning with this, the integrated sensor and communications suite developed by Thales Netherlands incorporates radar and electro-optical subsystems, radio and data-link communication systems, and IFF in an individual unit.

Some of the key companies operating in the Asia-Pacific surface warships market include BAE Systems, Hyundai Heavy Industries, etc.

Hyundai Heavy Industries, headquartered in South Korea, is one of the largest ship-building companies globally, spun off from its parent firm Hyundai Group in 2002. The company has four core business divisions, namely, industrial plant & engineering, ship-building, engine & machinery, and offshore & engineering. Moreover, it also has five non-core related subsidiaries: Hyundai Construction Equipment, Hyundai Heavy Industries Green Energy, Hyundai Electric & Energy Systems, Hyundai Robotics, and Hyundai Global Service.

Report Synopsis

Report Scope

Details
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Billion)
Segments AnalyzedVessel Type, Component, Operation
Countries AnalyzedChina, Japan, India, South Korea, Indonesia, North Korea, Myanmar, Vietnam, and Rest of Asia-Pacific
Companies Analyzed

BAE Systems, General Dynamics, Thales Group, Lockheed Martin, Naval group, The Damen Group, Hyundai Heavy Industries, Huntington Ingalls Industries, Fincantieri SpA, Navantia SA

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • RISING NUMBER OF MARITIME THREATS
        • HEAVY INVESTMENTS IN INDIGENOUS PROGRAMS FOCUSING ON NAVAL DEVELOPMENTS
        • FLEET MODERNIZATION PROGRAMS
      • KEY RESTRAINTS
        • COASTLINE RESTRICTIONS
        • HIGH COST OF SHIP-BUILDING
        • PAUCITY OF FUNDS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON SURFACE WARSHIPS MARKET
      • KEY MARKET TRENDS
      • MARKET TECHNOLOGIES – SUPPORTING THE SURFACE WARSHIPS MARKET
        • UNMANNED SURFACE VEHICLES
        • STEALTH TECHNOLOGY
        • COMPOSITES
        • ELECTRIC DRIVE MECHANISM
        • UNMANNED MINE DETECTION
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • PEST ANALYSIS – SURFACE WARSHIPS MARKET
        • POLITICAL
        • ECONOMIC
        • SOCIAL
        • TECHNOLOGICAL
    1. MARKET BY VESSEL TYPE
      • AIRCRAFT CARRIERS
      • DESTROYERS
      • FRIGATES
      • CORVETTES
      • OTHER VESSEL TYPES
    2. MARKET BY COMPONENT
      • HULL & EQUIPMENT
      • PROPULSION/POWER TRANSMISSION
      • ELECTRONICS
      • WEAPON SYSTEMS
      • OTHER COMPONENTS
    3. MARKET BY OPERATION
      • ATTACK
      • SURVEILLANCE & INTELLIGENCE
      • LOGISTICS
      • AMPHIBIOUS
      • OTHER OPERATIONS
    4. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • NORTH KOREA
          • MYANMAR
          • VIETNAM
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BAE SYSTEMS
        • FINCANTIERI SPA
        • GENERAL DYNAMICS
        • HUNTINGTON INGALLS INDUSTRIES
        • HYUNDAI HEAVY INDUSTRIES
        • LOCKHEED MARTIN
        • NAVAL GROUP
        • NAVANTIA SA
        • THALES GROUP
        • THE DAMEN GROUP

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – SURFACE WARSHIPS

    TABLE 2: NUMBER OF USV MANUFACTURERS BY COUNTRY

    TABLE 3: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY VESSEL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 4: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY VESSEL TYPE, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 5: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 6: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 7: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY OPERATION, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 8: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY OPERATION, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 9: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 10: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 11: LEADING PLAYERS OPERATING IN ASIA-PACIFIC SURFACE WARSHIPS MARKET

    TABLE 12: LIST OF MERGERS & ACQUISITIONS

    TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES   

    LIST OF FIGURES

    FIGURE 1: ANNUAL NUMBER OF DESTROYERS & FRIGATES COMMISSIONED INTO CHINESE NAVAL FORCES

    FIGURE 2: TOP COASTLINES IN TERMS OF LENGTH (IN KILOMETERS)

    FIGURE 3: KEY MARKET TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: SOUTH CHINA SEA – POLITICAL RIVALRY

    FIGURE 8: ASIA-PACIFIC SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY VESSEL TYPE, IN 2021

    FIGURE 9: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY AIRCRAFT CARRIERS, 2022-2030 (IN $ BILLION)

    FIGURE 10: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY DESTROYERS, 2022-2030 (IN $ BILLION)

    FIGURE 11: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY FRIGATES, 2022-2030 (IN $ BILLION)

    FIGURE 12: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY CORVETTES, 2022-2030 (IN $ BILLION)

    FIGURE 13: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY OTHER VESSEL TYPES, 2022-2030 (IN $ BILLION)

    FIGURE 14: ASIA-PACIFIC SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 15: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY HULL & EQUIPMENT, 2022-2030 (IN $ BILLION)

    FIGURE 16: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY PROPULSION/POWER TRANSMISSION, 2022-2030 (IN $ BILLION)

    FIGURE 17: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY ELECTRONICS, 2022-2030 (IN $ BILLION)

    FIGURE 18: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY WEAPON SYSTEMS, 2022-2030 (IN $ BILLION)

    FIGURE 19: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY OTHER COMPONENTS, 2022-2030 (IN $ BILLION)

    FIGURE 20: ASIA-PACIFIC SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY OPERATION, IN 2021

    FIGURE 21: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY ATTACK, 2022-2030 (IN $ BILLION)

    FIGURE 22: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY SURVEILLANCE & INTELLIGENCE, 2022-2030 (IN $ BILLION)

    FIGURE 23: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY LOGISTICS, 2022-2030 (IN $ BILLION)

    FIGURE 24: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY AMPHIBIOUS, 2022-2030 (IN $ BILLION)

    FIGURE 25: ASIA-PACIFIC SURFACE WARSHIPS MARKET, BY OTHER OPERATIONS, 2022-2030 (IN $ BILLION)

    FIGURE 26: ASIA-PACIFIC SURFACE WARSHIPS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 27: CHINA SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 28: JAPAN SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 29: INDIA SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 30: SOUTH KOREA SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 31: INDONESIA SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 32: NORTH KOREA SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 33: MYANMAR SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 34: VIETNAM SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 35: REST OF ASIA-PACIFIC SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • NORTH KOREA
          • MYANMAR
          • VIETNAM
          • REST OF ASIA-PACIFIC
    1. MARKET BY VESSEL TYPE
      • AIRCRAFT CARRIERS
      • DESTROYERS
      • FRIGATES
      • CORVETTES
      • OTHER VESSEL TYPES
    2. MARKET BY COMPONENT
      • HULL & EQUIPMENT
      • PROPULSION/POWER TRANSMISSION
      • ELECTRONICS
      • WEAPON SYSTEMS
      • OTHER COMPONENTS
    3. MARKET BY OPERATION
      • ATTACK
      • SURVEILLANCE & INTELLIGENCE
      • LOGISTICS
      • AMPHIBIOUS
      • OTHER OPERATIONS

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