Search for a report

Reports

  • You are here:
  • Home
  • Downloads
  • EUROPE SURFACE WARSHIPS MARKET FORECAST 2022-2030

EUROPE SURFACE WARSHIPS MARKET FORECAST 2022-2030

The Europe surface warships market is projected to register a CAGR of 2.18% during the forecast period, 2022-2030, and is set to reach a revenue of $6.61 billion by 2030.

EUROPE SURFACE WARSHIPS MARKET FORECAST 2022-2030

Europe 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

Request free sample

The Europe surface warships market is projected to register a CAGR of 2.18% during the forecast period, 2022-2030, and is set to reach a revenue of $6.61 billion by 2030.

The surface warships market growth in Europe is attributed to the rising number of naval programs with regard to obsolete fleets. Also, countries like the United Kingdom, Spain, Italy, France, and Germany are collaborating on several programs to modernize their naval platforms.

Europe Surface Warships Market

To know more about this report, request a free sample copy

In addition, market players like General Dynamics, BAE Systems, Thales Group, etc., are investing considerably in research & development activities to incorporate network-centric technologies in the naval platforms. However, the Europe surface warships market growth is restrained by cost-cutting on various defense programs.

The Europe surface warships market growth assessment includes the evaluation of the United Kingdom, Greece, Finland, Sweden, Italy, France, Germany, and Rest of Europe. In the United Kingdom, the Type 23 Frigates are set to be replaced in 2025 by five Type 31 and eight Type 26 Frigates. Also, research is being conducted on Type 32 Frigates. Additionally, as per the UK government’s latest Defence Command Paper, the UK Royal Navy is estimated to lose two Type 23 frigates from the present surface force. Moreover, at present, HMS Dragon, HMS Duncan, and HMS Daring are receiving maintenance. As a result, the power upgrade programs offer growth opportunities in the United Kingdom surface warships market.

In Italy, the Navy has allocated a budget in its multi-year defense planning document for 2021-2023 for developing DDX future destroyers. Also, the Italian Navy is purchasing a new class of multipurpose offshore patrol vessels, Pattugliatore Polivalente d’Altura (PPA), which resemble frigates, under the 2015-approved Legge Navale (Naval Law) fleet recapitalization program. In addition, the two De La Penne-class ships are expected to be replaced in 2028.

Further, three variations of the ships needed will be constructed. These include full combat, interim, and light. Also, of the seven units ordered, two are fully combat-capable ships, three have interim capabilities, and two are patrol vessels. Accordingly, the first complete combat variant is set to be delivered by 2024. Such developments boost the Italy surface warships market growth.

The Europe surface warships market segmentation includes component, vessel type, and operation. The operation segment includes amphibious, logistics, attack, surveillance & intelligence, and other operations.

The rising unmanned vehicle activities have drastically increased in the last ten years leading to the development of autonomous underwater vehicles with enhanced navigational capabilities. A surface warship can perform several operations, like discrete surveillance, ASW operations, MCM, force protection, surface attacks, etc., in shallow water. Accordingly, unmanned surface vehicles (USVs) can be operated from land and ships, facilitating flexibility and range at a fraction of the price of an air asset. In addition, it enables an unmanned element to partake in dangerous missions while eliminating human involvement in such conflict areas and activities.

A warship needs different combat and navigation systems simultaneously for its operations. With regard to surveillance & intelligence, geospatial data gathered by warship sensors is crucial for developing network-centric warfare, which facilitates enhanced improved situational awareness, distributed weapon assignment, and quick target assessment.

Some of the leading firms in the Europe surface warships market include The Damen Group, Navantia SA, Thales Group, Naval Group, etc.

The Damen Group is a Dutch engineering, shipbuilding, and defense conglomerate company headquartered in Gorinchem, South Holland, the Netherlands. It encompasses over 50 shipyards and repair yards.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Billion)
Segments Analyzed Component, Vessel Type, Operation
Countries Analyzed The United Kingdom, Greece, Finland, Sweden, Italy, France, Germany, and Rest of Europe
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

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


    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
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • SWEDEN
          • FINLAND
          • GREECE
          • REST OF EUROPE
    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: EUROPE SURFACE WARSHIPS MARKET, BY VESSEL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

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

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

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

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

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

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

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

    TABLE 11: LEADING PLAYERS OPERATING IN EUROPE 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: TOP COASTLINES IN TERMS OF LENGTH (IN KILOMETERS)

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: EUROPE SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY VESSEL TYPE, IN 2021

    FIGURE 7: EUROPE SURFACE WARSHIPS MARKET, BY AIRCRAFT CARRIERS, 2022-2030 (IN $ BILLION)

    FIGURE 8: EUROPE SURFACE WARSHIPS MARKET, BY DESTROYERS, 2022-2030 (IN $ BILLION)

    FIGURE 9: EUROPE SURFACE WARSHIPS MARKET, BY FRIGATES, 2022-2030 (IN $ BILLION)

    FIGURE 10: EUROPE SURFACE WARSHIPS MARKET, BY CORVETTES, 2022-2030 (IN $ BILLION)

    FIGURE 11: EUROPE SURFACE WARSHIPS MARKET, BY OTHER VESSEL TYPES, 2022-2030 (IN $ BILLION)

    FIGURE 12: EUROPE SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 13: EUROPE SURFACE WARSHIPS MARKET, BY HULL & EQUIPMENT, 2022-2030 (IN $ BILLION)

    FIGURE 14: EUROPE SURFACE WARSHIPS MARKET, BY PROPULSION/POWER TRANSMISSION, 2022-2030 (IN $ BILLION)

    FIGURE 15: EUROPE SURFACE WARSHIPS MARKET, BY ELECTRONICS, 2022-2030 (IN $ BILLION)

    FIGURE 16: EUROPE SURFACE WARSHIPS MARKET, BY WEAPON SYSTEMS, 2022-2030 (IN $ BILLION)

    FIGURE 17: EUROPE SURFACE WARSHIPS MARKET, BY OTHER COMPONENTS, 2022-2030 (IN $ BILLION)

    FIGURE 18: EUROPE SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY OPERATION, IN 2021

    FIGURE 19: EUROPE SURFACE WARSHIPS MARKET, BY ATTACK, 2022-2030 (IN $ BILLION)

    FIGURE 20: EUROPE SURFACE WARSHIPS MARKET, BY SURVEILLANCE & INTELLIGENCE, 2022-2030 (IN $ BILLION)

    FIGURE 21: EUROPE SURFACE WARSHIPS MARKET, BY LOGISTICS, 2022-2030 (IN $ BILLION)

    FIGURE 22: EUROPE SURFACE WARSHIPS MARKET, BY AMPHIBIOUS, 2022-2030 (IN $ BILLION)

    FIGURE 23: EUROPE SURFACE WARSHIPS MARKET, BY OTHER OPERATIONS, 2022-2030 (IN $ BILLION)

    FIGURE 24: EUROPE SURFACE WARSHIPS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 25: UNITED KINGDOM SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 26: GERMANY SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)

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

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

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

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

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

    FIGURE 32: REST OF EUROPE SURFACE WARSHIPS MARKET, 2022-2030 (IN $ BILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • SWEDEN
          • FINLAND
          • GREECE
          • REST OF EUROPE
    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

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


      Choose License Type