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    US Naval Combat Vessels Market

    ID: MRFR/A&D/15562-HCR
    100 Pages
    Sejal Akre
    September 2025

    US Naval Combat Vessels Market Research Report: By Vessel Type (Submarine, Frigates, Corvettes, Destroyers, Others) and By Mode of Propulsion (Nuclear-Powered, Conventional Powered) - Forecast to 2035

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    Table of Contents

    US Naval Combat Vessels Market Summary

    The United States of America US Naval Combat Vessels market is projected to grow from 51.4 USD Million in 2024 to 87.1 USD Million by 2035.

    Key Market Trends & Highlights

    US Naval Combat Vessels Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 4.91 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 87.1 USD Million, indicating robust growth.
    • In 2024, the market is valued at 51.4 USD Million, reflecting the current investment in naval capabilities.
    • Growing adoption of advanced naval technologies due to increasing defense budgets is a major market driver.

    Market Size & Forecast

    2024 Market Size 51.4 (USD Million)
    2035 Market Size 87.1 (USD Million)
    CAGR (2025-2035) 4.91%

    Major Players

    Vigor Industrial, Huntington Ingalls Industries, Raytheon Technologies, Fincantieri Marinette Marine, Lockheed Martin, General Dynamics, BAE Systems, Naval Group, Textron, L3Harris Technologies, Austal USA, Northrop Grumman, Kongsberg Gruppen, Sikorsky Aircraft

    US Naval Combat Vessels Market Trends

    The US Naval Combat Vessels Market is witnessing several important trends shaped by technological advancements and geopolitical dynamics. The modernization of the US Navy fleet is a significant driver, as the government prioritizes the enhancement of naval capabilities to address emerging threats. There is an increasing emphasis on integrating cutting-edge technologies such as artificial intelligence, unmanned systems, and advanced weaponry into combat vessels. This wave of modernization is fueled by strategic initiatives outlined by the Department of Defense, aimed at maintaining maritime superiority in a shifting global environment.

    Opportunities in the US market are evolving rapidly, particularly in the area of sustainability and environmental compliance.The shift towards energy-efficient solutions, such as hybrid propulsion systems and eco-friendly materials, presents prospects for manufacturers to innovate and meet stricter environmental regulations. The growing importance of cyber security also represents a crucial area of focus, with the need for robust defenses against cyber threats influencing vessel design and operational protocols. Recent times have seen an uptick in collaborative efforts between the government and private sector to bolster the capabilities of naval vessels.

    Public-private partnerships are becoming more common as the US Navy seeks to accelerate the development of next-generation vessels.Additionally, the geopolitical landscape, characterized by tensions in regions like the Indo-Pacific, is prompting strategic investments in naval assets, further driving demand. Overall, the US Naval Combat Vessels Market is poised for growth, motivated by modernization, technological integration, and a focus on sustainability as key influencers of its future trajectory.

    US Naval Combat Vessels Market Drivers

    Market Segment Insights

    US Naval Combat Vessels Market Segment Insights:

    US Naval Combat Vessels Market Segment Insights:

    Naval Combat Vessels Market Vessel Type Insights

    Naval Combat Vessels Market Vessel Type Insights

    The US Naval Combat Vessels Market is witnessing a dynamic landscape, particularly within the vessel type segment, which encompasses diverse categories such as submarines, frigates, corvettes, destroyers, and others. Each vessel type plays a crucial role in the overall operational efficacy and defense strategy of the United States Navy. Submarines are often regarded as stealthy platforms, essential for undersea warfare and intelligence gathering.

    Their capability to operate undetected makes them vital for deterrence and strategic strike missions, affirming their importance in modern naval combat.Frigates represent another key aspect of the vessel type segment, distinguished by their versatility and multi-role capabilities, including anti-air, anti-surface, and anti-submarine missions. These vessels are critical in fleet defense and are increasingly integrated with advanced technology for improved surveillance and battle management. Corvettes, while smaller, bolster naval forces with enhanced maneuverability and operational flexibility, particularly in coastal defense and patrol roles.

    They often serve as an agile complement to larger vessels, enhancing the Navy's capability to address smaller scale conflicts or maritime security threats.Destroyers, large and heavily armed vessels, dominate the market due to their comprehensive defensive and offensive capabilities. They are designed for multi-mission operations including air defense, land attack, and anti-submarine warfare, ensuring a robust power projection and immediate response to emerging threats.

    The significance of destroyers in naval combat cannot be overstated, as they form the backbone of the US Navy’s strike groups.In addition to these primary vessel types, the 'others' category encompasses a variety of specialized craft, such as mine countermeasure vessels, landing ships, and logistics support vessels. These assets are essential for maintaining naval operations and ensuring logistical sustainability, particularly in extended deployments.

    Naval Combat Vessels Market Mode of Propulsion Insights

    Naval Combat Vessels Market Mode of Propulsion Insights

    The Mode of Propulsion segment within the US Naval Combat Vessels Market plays a critical role in determining the operational capabilities and strategic advantages of naval forces. This segment primarily consists of Nuclear-Powered and Conventional Powered vessels, each contributing uniquely to naval operations. Nuclear-Powered vessels provide superior endurance and power, enabling extended mission durations without the need for refueling, which has become increasingly important in modern naval warfare where time and mobility are essential.

    On the other hand, Conventional Powered vessels are recognized for their cost-effectiveness and ease of maintenance, making them vital for a range of tactical operations and support roles.As the US Navy continues to embrace advanced technologies and sustainable practices, both modes of propulsion are expected to adapt and evolve. The transition towards cleaner and more efficient propulsion methods presents opportunities for innovation, enhancing the overall effectiveness of the fleet. The ongoing development in propulsion technologies reflects broader trends in military modernization, emphasizing readiness and adaptability in a dynamic global environment.

    With the US Navy focusing on increasing its maritime presence, the demand for varied propulsion methods that balance performance, sustainability, and operational costs is likely to continue growing.

    Get more detailed insights about US Naval Combat Vessels Market

    Regional Insights

    Key Players and Competitive Insights

    The US Naval Combat Vessels Market plays a critical role in national defense, especially in response to evolving threats in maritime security. As nations continue to bolster their naval capabilities, the competitive landscape is shaped by various players that specialize in designing, building, and maintaining advanced combat vessels. This sector is characterized by the need for innovation, efficiency, and compliance with governmental standards as it directly relates to defense capabilities. Companies in the market are engaged in intense competition, developing cutting-edge technologies to enhance naval warfare capabilities while also navigating the challenges of regulatory environments and budget constraints.

    The blend of traditional defense contracts and emerging technologies from private enterprises further complicates the competitive dynamics and shapes strategic collaborations, mergers, and acquisitions.Vigor Industrial holds a significant position within the US Naval Combat Vessels Market, known for its expertise in shipbuilding, maintenance, and repair services tailored to meet the unique requirements of naval forces. The company leverages its strong workforce and shipyard capabilities to deliver a range of vessels and services that enhance operational readiness.

    A primary strength of Vigor Industrial is its commitment to innovation and efficiency in production processes, allowing it to reduce turnaround times and costs significantly. The firm also focuses on building robust partnerships with various governmental and military agencies, enabling it to secure lucrative contracts and sustain a competitive edge in the market.Huntington Ingalls Industries stands as a leading player in the US Naval Combat Vessels Market, with a broad range of key products and services that include the design and construction of aircraft carriers, submarines, and surface combatants.

    The company’s substantial market presence is underscored by its advanced technology, skilled workforce, and strategic capabilities in large-scale shipbuilding. Huntington Ingalls Industries is known for its extensive expertise in naval architecture and engineering, which positions it as a formidable competitor within the defense sector. The company has also engaged in various mergers and acquisitions to expand its capabilities and market reach, ensuring it remains at the forefront of innovation in naval combat vessel production.

    Its strong relationships with the US Navy, driven by a solid portfolio of successful contracts, highlight the reliability and trust placed in its offerings, further consolidating its standing in the market.

    Key Companies in the US Naval Combat Vessels Market market include

    Industry Developments

    Recent developments in the US Naval Combat Vessels Market reflect ongoing modernization efforts and expansions among key players such as Huntington Ingalls Industries, Lockheed Martin, and General Dynamics. In August 2023, the US Navy awarded a contract to Austal USA to build high-speed support vessels aimed at enhancing operational capabilities in contested environments. Furthermore, Raytheon Technologies has recently secured significant contracts for advanced radar systems to be integrated into naval platforms. The ongoing increasing threat landscape has driven growth in market valuations and investments in Research and Development across various companies.

    Notably, in June 2022, Fincantieri Marinette Marine was awarded a multi-year contract to design and build the next generation of guided-missile frigates. Additionally, Northrop Grumman, in collaboration with the US Navy, completed the successful testing of autonomous vessel technology aimed at transforming naval warfare strategies. Recent mergers and acquisitions include Kongsberg Gruppen acquiring Hydroid in September 2023 to strengthen its autonomous vessel capabilities. With heightened military readiness and technological advancements, the US Naval Combat Vessels Market continues to evolve significantly in response to national security needs.

    Market Segmentation

    Outlook

    • Nuclear-Powered
    • Conventional Powered
    •  

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 49.6(USD Million)
    MARKET SIZE 2024 51.37(USD Million)
    MARKET SIZE 2035 87.06(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 4.913% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Vigor Industrial, Huntington Ingalls Industries, Raytheon Technologies, Fincantieri Marinette Marine, Lockheed Martin, General Dynamics, BAE Systems, Naval Group, Textron, L3Harris Technologies, Austal USA, Northrop Grumman, Kongsberg Gruppen, Sikorsky Aircraft
    SEGMENTS COVERED Vessel Type, Mode of Propulsion
    KEY MARKET OPPORTUNITIES Increased defense budgets, Advanced weaponry integration, Cybersecurity enhancements, Autonomous vessel development, Environmental compliance technologies
    KEY MARKET DYNAMICS Defense budget allocations, Technological advancements, Geopolitical tensions, Aging fleet modernization, Environmental regulations
    COUNTRIES COVERED US

    Market Highlights

    Author
    Sejal Akre
    Senior Research Analyst

    She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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    FAQs

    What is the expected market size of the US Naval Combat Vessels Market by 2035?

    The US Naval Combat Vessels Market is expected to be valued at 87.06 million USD by the year 2035.

    What was the market valuation of the US Naval Combat Vessels Market in 2024?

    In 2024, the US Naval Combat Vessels Market is estimated to be valued at 51.37 million USD.

    What is the projected compound annual growth rate (CAGR) for the US Naval Combat Vessels Market from 2025 to 2035?

    The projected CAGR for the US Naval Combat Vessels Market from 2025 to 2035 is 4.913%.

    Which vessel type is expected to have the highest market value in 2035?

    By 2035, submarines are expected to have the highest market value at 25.0 million USD.

    What is the expected market value for frigates in 2024?

    The expected market value for frigates in 2024 is 12.0 million USD.

    Who are the key players in the US Naval Combat Vessels Market?

    Key players in the market include Huntington Ingalls Industries, Lockheed Martin, and General Dynamics, among others.

    What is the expected market size for destroyers in 2035?

    The market size for destroyers is expected to reach 16.0 million USD by the year 2035.

    What are the emerging trends influencing the US Naval Combat Vessels Market?

    Emerging trends include advancements in naval technology and increased defense budgets driving demand.

    How much is the corvettes segment valued at in 2024?

    The corvettes segment is valued at 8.0 million USD in 2024.

    What challenges might impact the growth of the US Naval Combat Vessels Market?

    Challenges include rising costs of materials and geopolitical tensions affecting defense expenditures.

    1. EXECUTIVE SUMMARY
    2. Market Overview
    3. Key Findings
    4. Market Segmentation
    5. Competitive Landscape
    6. Challenges and Opportunities
    7. Future Outlook
    8. MARKET INTRODUCTION
    9. Definition
    10. Scope of the study
    11. Research Objective
    12. Assumption
    13. Limitations
    14. RESEARCH METHODOLOGY
    15. Overview
    16. Data Mining
    17. Secondary Research
    18. Primary Research
    19. Primary Interviews and Information Gathering Process
    20. Breakdown of Primary Respondents
    21. Forecasting Model
    22. Market Size Estimation
    23. Bottom-Up Approach
    24. Top-Down Approach
    25. Data Triangulation
    26. Validation
    27. MARKET DYNAMICS
    28. Overview
    29. Drivers
    30. Restraints
    31. Opportunities
    32. MARKET FACTOR ANALYSIS
    33. Value chain Analysis
    34. Porter's Five Forces Analysis
    35. Bargaining Power of Suppliers
    36. Bargaining Power of Buyers
    37. Threat of New Entrants
    38. Threat of Substitutes
    39. Intensity of Rivalry
    40. COVID-19 Impact Analysis
    41. Market Impact Analysis
    42. Regional Impact
    43. Opportunity and Threat Analysis
    44. US Naval Combat Vessels Market, BY Vessel Type (USD Million)
    45. Submarine
    46. Frigates
    47. Corvettes
    48. Destroyers
    49. Others
    50. US Naval Combat Vessels Market, BY Mode of Propulsion (USD Million)
    51. Nuclear-Powered
    52. Conventional Powered
    53. Competitive Landscape
    54. Overview
    55. Competitive Analysis
    56. Market share Analysis
    57. Major Growth Strategy in the Naval Combat Vessels Market
    58. Competitive Benchmarking
    59. Leading Players in Terms of Number of Developments in the Naval Combat Vessels Market
    60. Key developments and growth strategies
    61. New Product Launch/Service Deployment
    62. Merger & Acquisitions
    63. Joint Ventures
    64. Major Players Financial Matrix
    65. Sales and Operating Income
    66. Major Players R&D Expenditure. 2023
    67. Company Profiles
    68. Vigor Industrial
    69. Financial Overview
    70. Products Offered
    71. Key Developments
    72. SWOT Analysis
    73. Key Strategies
    74. Huntington Ingalls Industries
    75. Financial Overview
    76. Products Offered
    77. Key Developments
    78. SWOT Analysis
    79. Key Strategies
    80. Raytheon Technologies
    81. Financial Overview
    82. Products Offered
    83. Key Developments
    84. SWOT Analysis
    85. Key Strategies
    86. Fincantieri Marinette Marine
    87. Financial Overview
    88. Products Offered
    89. Key Developments
    90. SWOT Analysis
    91. Key Strategies
    92. Lockheed Martin
    93. Financial Overview
    94. Products Offered
    95. Key Developments
    96. SWOT Analysis
    97. Key Strategies
    98. General Dynamics
    99. Financial Overview
    100. Products Offered
    101. Key Developments
    102. SWOT Analysis
    103. Key Strategies
    104. BAE Systems
    105. Financial Overview
    106. Products Offered
    107. Key Developments
    108. SWOT Analysis
    109. Key Strategies
    110. Naval Group
    111. Financial Overview
    112. Products Offered
    113. Key Developments
    114. SWOT Analysis
    115. Key Strategies
    116. Textron
    117. Financial Overview
    118. Products Offered
    119. Key Developments
    120. SWOT Analysis
    121. Key Strategies
    122. L3Harris Technologies
    123. Financial Overview
    124. Products Offered
    125. Key Developments
    126. SWOT Analysis
    127. Key Strategies
    128. Austal USA
    129. Financial Overview
    130. Products Offered
    131. Key Developments
    132. SWOT Analysis
    133. Key Strategies
    134. Northrop Grumman
    135. Financial Overview
    136. Products Offered
    137. Key Developments
    138. SWOT Analysis
    139. Key Strategies
    140. Kongsberg Gruppen
    141. Financial Overview
    142. Products Offered
    143. Key Developments
    144. SWOT Analysis
    145. Key Strategies
    146. Sikorsky Aircraft
    147. Financial Overview
    148. Products Offered
    149. Key Developments
    150. SWOT Analysis
    151. Key Strategies
    152. References
    153. Related Reports
    154. US Naval Combat Vessels Market SIZE ESTIMATES & FORECAST, BY VESSEL TYPE, 2019-2035 (USD Billions)
    155. US Naval Combat Vessels Market SIZE ESTIMATES & FORECAST, BY MODE OF PROPULSION, 2019-2035 (USD Billions)
    156. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    157. ACQUISITION/PARTNERSHIP
    158. MARKET SYNOPSIS
    159. US NAVAL COMBAT VESSELS MARKET ANALYSIS BY VESSEL TYPE
    160. US NAVAL COMBAT VESSELS MARKET ANALYSIS BY MODE OF PROPULSION
    161. KEY BUYING CRITERIA OF NAVAL COMBAT VESSELS MARKET
    162. RESEARCH PROCESS OF MRFR
    163. DRO ANALYSIS OF NAVAL COMBAT VESSELS MARKET
    164. DRIVERS IMPACT ANALYSIS: NAVAL COMBAT VESSELS MARKET
    165. RESTRAINTS IMPACT ANALYSIS: NAVAL COMBAT VESSELS MARKET
    166. SUPPLY / VALUE CHAIN: NAVAL COMBAT VESSELS MARKET
    167. NAVAL COMBAT VESSELS MARKET, BY VESSEL TYPE, 2025 (% SHARE)
    168. NAVAL COMBAT VESSELS MARKET, BY VESSEL TYPE, 2019 TO 2035 (USD Billions)
    169. NAVAL COMBAT VESSELS MARKET, BY MODE OF PROPULSION, 2025 (% SHARE)
    170. NAVAL COMBAT VESSELS MARKET, BY MODE OF PROPULSION, 2019 TO 2035 (USD Billions)
    171. BENCHMARKING OF MAJOR COMPETITORS

    US Naval Combat Vessels Market Segmentation

     

     

     

    • Naval Combat Vessels Market By Vessel Type (USD Million, 2019-2035)

      • Submarine
      • Frigates
      • Corvettes
      • Destroyers
      • Others

     

    • Naval Combat Vessels Market By Mode of Propulsion (USD Million, 2019-2035)

      • Nuclear-Powered
      • Conventional Powered

     

     

     

     

     

     

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