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NORTH AMERICA SURFACE WARSHIPS MARKET FORECAST 2022-2030

The North America surface warships market is predicted to record a CAGR of 3.37% during the forecast period, 2022-2030, and is projected to reach a revenue of $9.69 billion by 2030.

NORTH AMERICA SURFACE WARSHIPS MARKET FORECAST 2022-2030

North America 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 North America surface warships market is predicted to record a CAGR of 3.37% during the forecast period, 2022-2030, and is projected to reach a revenue of $9.69 billion by 2030.

The surface warships market growth in North America is attributed to the governments’ efforts to modernize its navy fleet. Also, the ongoing indigenous programs and the upgradation programs of obsolete platforms offer growth opportunities. However, the market growth is restrained by delays in the approval of high-budget contracts.

North America Surface Warships Market

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The North America surface warships market growth analysis includes the assessment of the United States and Canada. In the United States, the Naval fleet had approximately 280 battlecruisers in 2018. It plans on procuring 301 battleships by 2048. The plan encompasses 56 support ships and 245 combat ships. Also, the US Naval forces are set to purchase additional 249 ships between 2025 and 2049 to acquire a fleet of 304 ships, given the increasing geopolitical situations. In addition, the US Navy encompasses a fleet of 21st-century surface warships that entail a small, focused-mission combatant called Littoral Combat Ship or LCS. LCS is a stealthy, fast warship designed for operations in shallow coastal waters with a modular mission payload facilitating it to take on three naval threats, small swarming boats, mines, and diesel submarines, one at a time. Such factors define the market growth in the United States.

The North America surface warships market scope includes operation, vessel type, and component. The component segment includes hull & equipment, electronics, weapon systems, propulsion/power transmission, and other components.

Hull is the most prominent structural component of a ship. It is the watertight enclosure that protects the accommodation, machinery, and cargo spaces from structural damage, flooding, and weather. The hull’s structural design makes up around 70% of the ship’s overall structural design. Also, it has a crucial function in maintaining course or direction while at sea. Accordingly, significant research & development is required while designing the hull for surface warships which incurs considerable expenses.

With regard to integrated electric propulsion technology, three-phase power is produced by diesel generators and gas turbines. Also, electric transmission is used in integrated electric propulsion technologies. Electric power motors turn the propellers using electricity produced by gas turbines and diesel generators. As a result, gearboxes and clutches are no longer necessary. In addition, the integrated electric propulsion technology helps reduce the overall weight of the navy ships and the noise produced by the marine engines. Therefore, electric propulsion technologies are set to witness increased use by future surface combatants.

Furthermore, manufacturers of warships and similar vessels are incorporating innovative and environmental-friendly components to reduce the environmental and pollution harm in the water. The sustainable components include fiber-reinforced plastic that minimizes the carbon footprints of ships to regulate operations using a greener strategy. All of this is attributed to the growing risks of polluting the ocean’s ecosystem due to increasing conflict-related activities.

Some of the prominent companies in the North America surface warships market include Fincantieri SpA, Huntington Ingalls Industries, General Dynamics, Hyundai Heavy Industries, etc.

Huntington Ingalls Industries builds, maintains, and designs nuclear and non-nuclear ships for the US Navy and Coast Guard, and offers after-market services for military ships worldwide. The company operates through three segments, technical solutions, Newport news shipbuilding, and Ingalls shipbuilding (Ingalls). The Ingalls segment is engaged in building expeditionary warfare and amphibious assault ships. It is headquartered in Newport News, Virginia, the United States.

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 States, Canada
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
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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: SERVICE LIFE OF THE UNITED STATES NAVAL INVENTORY

    TABLE 3: THE UNITED STATES NAVAL BUDGET PLANS TO PURCHASE SURFACE WARSHIPS

    TABLE 4: NUMBER OF USV MANUFACTURERS BY COUNTRY

    TABLE 5: NORTH AMERICA SURFACE WARSHIPS MARKET, BY VESSEL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 6: NORTH AMERICA SURFACE WARSHIPS MARKET, BY VESSEL TYPE, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 7: NORTH AMERICA SURFACE WARSHIPS MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 8: NORTH AMERICA SURFACE WARSHIPS MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 9: NORTH AMERICA SURFACE WARSHIPS MARKET, BY OPERATION, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 10: NORTH AMERICA SURFACE WARSHIPS MARKET, BY OPERATION, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 11: NORTH AMERICA SURFACE WARSHIPS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 12: NORTH AMERICA SURFACE WARSHIPS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 13: LEADING PLAYERS OPERATING IN NORTH AMERICA SURFACE WARSHIPS MARKET

    TABLE 14: LIST OF MERGERS & ACQUISITIONS

    TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 17: 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: INCREASE IN THE SERVICE LIFE OF THE UNITED STATES NAVAL INVENTORY

    FIGURE 4: PROCUREMENT PLANS OF THE UNITED STATES NAVAL FORCE

    FIGURE 5: ANNUAL SHIPS TO BE PURCHASED BY THE UNITED STATES NAVAL FORCE

    FIGURE 6: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 7: OPPORTUNITY MATRIX

    FIGURE 8: VENDOR LANDSCAPE

    FIGURE 9: SOUTH CHINA SEA – POLITICAL RIVALRY

    FIGURE 10: NORTH AMERICA SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY VESSEL TYPE, IN 2021

    FIGURE 11: NORTH AMERICA SURFACE WARSHIPS MARKET, BY AIRCRAFT CARRIERS, 2022-2030 (IN $ BILLION)

    FIGURE 12: NORTH AMERICA SURFACE WARSHIPS MARKET, BY DESTROYERS, 2022-2030 (IN $ BILLION)

    FIGURE 13: NORTH AMERICA SURFACE WARSHIPS MARKET, BY FRIGATES, 2022-2030 (IN $ BILLION)

    FIGURE 14: NORTH AMERICA SURFACE WARSHIPS MARKET, BY CORVETTES, 2022-2030 (IN $ BILLION)

    FIGURE 15: NORTH AMERICA SURFACE WARSHIPS MARKET, BY OTHER VESSEL TYPES, 2022-2030 (IN $ BILLION)

    FIGURE 16: NORTH AMERICA SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 17: NORTH AMERICA SURFACE WARSHIPS MARKET, BY HULL & EQUIPMENT, 2022-2030 (IN $ BILLION)

    FIGURE 18: NORTH AMERICA SURFACE WARSHIPS MARKET, BY PROPULSION/POWER TRANSMISSION, 2022-2030 (IN $ BILLION)

    FIGURE 19: NORTH AMERICA SURFACE WARSHIPS MARKET, BY ELECTRONICS, 2022-2030 (IN $ BILLION)

    FIGURE 20: NORTH AMERICA SURFACE WARSHIPS MARKET, BY WEAPON SYSTEMS, 2022-2030 (IN $ BILLION)

    FIGURE 21: NORTH AMERICA SURFACE WARSHIPS MARKET, BY OTHER COMPONENTS, 2022-2030 (IN $ BILLION)

    FIGURE 22: NORTH AMERICA SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY OPERATION, IN 2021

    FIGURE 23: NORTH AMERICA SURFACE WARSHIPS MARKET, BY ATTACK, 2022-2030 (IN $ BILLION)

    FIGURE 24: NORTH AMERICA SURFACE WARSHIPS MARKET, BY SURVEILLANCE & INTELLIGENCE, 2022-2030 (IN $ BILLION)

    FIGURE 25: NORTH AMERICA SURFACE WARSHIPS MARKET, BY LOGISTICS, 2022-2030 (IN $ BILLION)

    FIGURE 26: NORTH AMERICA SURFACE WARSHIPS MARKET, BY AMPHIBIOUS, 2022-2030 (IN $ BILLION)

    FIGURE 27: NORTH AMERICA SURFACE WARSHIPS MARKET, BY OTHER OPERATIONS, 2022-2030 (IN $ BILLION)

    FIGURE 28: NORTH AMERICA SURFACE WARSHIPS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

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

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

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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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    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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