Naval Combat Vessels Segmentation
The naval combat vessels market is segmented by vessel type, mode of propulsion, and region. Based on the mode of propulsion, the nuclear-powered market segment is projected to witness the largest demand during the forecast period, owing to the need for flexible power output and a long duration of operation before refueling. Further, all the fuel is confined within the nuclear reactor, so cargo or supplies space is not taken up by fuel, neither any space is taken up by exhaust stacks or combustion air intakes.
Our in-depth analysis of the global market includes the following segments:
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By Vessel Type |
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By Mode Of Propulsion |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of naval combat vessels is assessed at USD 115.41 billion.
Naval Combat Vessels Market size was valued at USD 109.54 billion in 2024 and is expected to reach USD 242.38 billion by 2037, expanding at around 6.3% CAGR during the forecast period i.e., between 2025-2037.
North America industry is set to account for largest revenue share by 2037, due to growing incorporation of advanced combat systems into naval vessels and increasing government spending to ensure a powerful defense system globally.
The major players in the market are BAE Systems, Lockheed Martin Corporation, Raytheon Technologies Corporation, General Dynamics Corporation, SaaB AB, Huntington Ingalls Industries, Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., Boeing, and others.
