The United States surface warships market is set to propel with a 3.68% CAGR by 2028, and is expected to generate a revenue of $8.16 billion during the forecast period, 2022-2028.

UNITED STATES SURFACE WARSHIPS MARKET FORECAST 2022-2028

United States 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)

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The United States surface warships market is set to propel with a 3.68% CAGR by 2028, and is expected to generate a revenue of $8.16 billion during the forecast period, 2022-2028.

The surface warship market consists of warships from entities like partnerships, organizations, and sole traders. Surface warships are safer and faster and carry ammunition, weapons, and essential supplies for the army. The United States’ defense spending growth is driving the surface warships market. Defense expenditures have recently surged due to the rising regional conflicts.

United States Surface Warships Market

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On a global basis, the United States has the most destroyers. The total destroyer count for the United States is about 69. The United States makes approximately 33% of the world’s total navy destroyer procurement. The United States Navy purchased 12 ships in 2020 and 43 between 2021 and 2024. Due to rising geopolitical situations, the United States Naval forces plan on purchasing additional 249 ships to acquire a fleet of 304 ships between the years 2025 and 2049, which is further expected to boost the United States surface warships market.

The United States surface warships market segmentation includes the analysis by operation, vessel type, and component. Market by vessel type includes corvettes, frigates, destroyers, aircraft carriers, and other vessel types.

A warship that acts as a sea-based airbase is an aircraft carrier. The warship has a full-length flight deck, making it easier to deploy and recover aircraft. The system also offers armament facilities at sea for naval operations involving planes. The naval force’s capital ship is an aircraft carrier, in essence. The installation enables the naval aircraft forces to project power globally.

Furthermore, aircraft carriers are one of the essential elements of the modern Navy because of their diplomatic and tactical strength. In terms of configuration, the aircraft carriers in practice have been segmented as CATOBAR (catapult-assisted take-off barrier arrested-recovery), STOBAR (short take-off barrier-arrested recovery), STOVL (short take-off vertical-landing), and helicopter carrier.

There will be 43 active aircraft carriers in use by fourteen navies as of September 2020. The United States currently owns 11 substantial fleet carriers with nuclear propulsion. It is one of the biggest carriers in the world, carrying a total of 80 fighter jets on each of its decks.

On the other hand, amphibious assault ships, mostly utilized for helicopters, are another platform deployed by the US Navy. These ships can transport up to 20 Vertical/Short Takeoff and Landing Systems (V/STOL). They are about the same size as a medium-sized fleet carrier.

A destroyer is commonly a long-endurance warship that is swift and agile. The naval combatant is employed to guard larger ships in a fleet against close-quarters fighting. Only Russia and the United States employ larger-class cruisers. Regarding tonnage, today’s guided-missile destroyers are comparable to the cruisers used during World War II. However, these weapon systems can now launch cruise missiles with nuclear payloads. Modern destroyer design requirements call for a 9200-ton vessel that is 160 meters long. It is capable of transporting 90 missiles for use as munitions to protect its crew.

Some leading companies operating in the United States surface warships market include General Dynamics, Thales Group, Lockheed Martin, Huntington Ingalls Industries, etc.

General Dynamics Corporation (GD) provides various products and services like business aviation, combat vehicles, weapons systems, ammunition, information technology services (C4ISR) solutions, shipbuilding, and ship maintenance. The company’s five business divisions are aerospace, combat, information technology, mission, and marine. The segment of Combat Systems primarily serves government clients by providing combat vehicles, weapon systems, and ammunition. General Dynamics is an American aerospace and defense company headquartered in Reston, Virginia, United States.

Report Synopsis

Report Scope

Details
Market Forecast Years2022-2028
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Billion)
Segments AnalyzedVessel Type, Component, and Operation
Country AnalyzedUnited States
Companies Analyzed

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

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. 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 – UNITED STATES 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. 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 PLAN TO PURCHASE SURFACE WARSHIPS

    TABLE 4: NUMBER OF USV MANUFACTURERS BY COUNTRY

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

    TABLE 6: UNITED STATES SURFACE WARSHIPS MARKET, BY VESSEL TYPE, FORECAST YEARS, 2022-2028 (IN $ BILLION)

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

    TABLE 8: UNITED STATES SURFACE WARSHIPS MARKET, BY COMPONENT, FORECAST YEARS, 2022-2028 (IN $ BILLION)

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

    TABLE 10: UNITED STATES SURFACE WARSHIPS MARKET, BY OPERATION, FORECAST YEARS, 2022-2028 (IN $ BILLION)

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES   

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: INCREASE IN THE SERVICE LIFE OF THE UNITED STATES NAVAL INVENTORY

    FIGURE 3: PROCUREMENT PLANS OF THE UNITED STATES NAVAL FORCE

    FIGURE 4: ANNUAL SHIPS TO BE PURCHASED BY THE UNITED STATES NAVAL FORCE

    FIGURE 5: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 6: OPPORTUNITY MATRIX

    FIGURE 7: VENDOR LANDSCAPE

    FIGURE 8: SOUTH CHINA SEA – POLITICAL RIVALRY

    FIGURE 9: UNITED STATES SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY VESSEL TYPE, IN 2021

    FIGURE 10: UNITED STATES SURFACE WARSHIPS MARKET, BY AIRCRAFT CARRIERS, 2022-2028 (IN $ BILLION)

    FIGURE 11: UNITED STATES SURFACE WARSHIPS MARKET, BY DESTROYERS, 2022-2028 (IN $ BILLION)

    FIGURE 12: UNITED STATES SURFACE WARSHIPS MARKET, BY FRIGATES, 2022-2028 (IN $ BILLION)

    FIGURE 13: UNITED STATES SURFACE WARSHIPS MARKET, BY CORVETTES, 2022-2028 (IN $ BILLION)

    FIGURE 14: UNITED STATES SURFACE WARSHIPS MARKET, BY OTHER VESSEL TYPES, 2022-2028 (IN $ BILLION)

    FIGURE 15: UNITED STATES SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 16: UNITED STATES SURFACE WARSHIPS MARKET, BY HULL & EQUIPMENT, 2022-2028 (IN $ BILLION)

    FIGURE 17: UNITED STATES SURFACE WARSHIPS MARKET, BY PROPULSION/POWER TRANSMISSION, 2022-2028 (IN $ BILLION)

    FIGURE 18: UNITED STATES SURFACE WARSHIPS MARKET, BY ELECTRONICS, 2022-2028 (IN $ BILLION)

    FIGURE 19: UNITED STATES SURFACE WARSHIPS MARKET, BY WEAPON SYSTEMS, 2022-2028 (IN $ BILLION)

    FIGURE 20: UNITED STATES SURFACE WARSHIPS MARKET, BY OTHER COMPONENTS, 2022-2028 (IN $ BILLION)

    FIGURE 21: UNITED STATES SURFACE WARSHIPS MARKET, GROWTH POTENTIAL, BY OPERATION, IN 2021

    FIGURE 22: UNITED STATES SURFACE WARSHIPS MARKET, BY ATTACK, 2022-2028 (IN $ BILLION)

    FIGURE 23: UNITED STATES SURFACE WARSHIPS MARKET, BY SURVEILLANCE & INTELLIGENCE, 2022-2028 (IN $ BILLION)

    FIGURE 24: UNITED STATES SURFACE WARSHIPS MARKET, BY LOGISTICS, 2022-2028 (IN $ BILLION)

    FIGURE 25: UNITED STATES SURFACE WARSHIPS MARKET, BY AMPHIBIOUS, 2022-2028 (IN $ BILLION)

    FIGURE 26: UNITED STATES SURFACE WARSHIPS MARKET, BY OTHER OPERATIONS, 2022-2028 (IN $ BILLION)       

    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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