Nuclear Powered Naval Vessels Market Summary
The Global Nuclear Powered Naval Vessels Market is projected to grow from 179.4 USD Billion in 2024 to 302.1 USD Billion by 2035.
Key Market Trends & Highlights
Nuclear Powered Naval Vessels Key Trends and Highlights
- The market is expected to experience a compound annual growth rate (CAGR) of 4.85 percent from 2025 to 2035.
- By 2035, the market valuation is anticipated to reach 302.1 USD Billion, indicating robust growth potential.
- In 2024, the market is valued at 179.4 USD Billion, reflecting the current investment landscape in naval technology.
- Growing adoption of nuclear propulsion technology due to increasing defense budgets is a major market driver.
Market Size & Forecast
2024 Market Size | 179.4 (USD Billion) |
2035 Market Size | 302.1 (USD Billion) |
CAGR (2025-2035) | 4.85% |
Major Players
General Dynamics Electric Boat, Newport News Shipbuilding, Hyundai Heavy Industries, Fincantieri, Navantia, Huntington Ingalls Industries, DCNS, Daewoo Shipbuilding Marine Engineering, BAE Systems, Rosoboronexport, Babcock International Group, United Shipbuilding Corporation, Mitsubishi Heavy Industries, Kawasaki Heavy Industries