How big is the Europe Naval Vessels Market?

The Europe Naval Vessels Market size is expected to reach USD 35.44 billion in 2024 and grow at a CAGR of 10.21% to reach USD 57.62 billion by 2029. Read More

What is the current Europe Naval Vessels Market size?

In 2024, the Europe Naval Vessels Market size is expected to reach USD 35.44 billion. Read More

Who are the key players in Europe Naval Vessels Market?

Naval Group, FINCANTIERI S.p.A., BAE Systems plc, Navantia S.A. SM.E and ThyssenKrupp AG are the major companies operating in the Europe Naval Vessels Market. Read More

What years does this Europe Naval Vessels Market cover, and what was the market size in 2023?

In 2023, the Europe Naval Vessels Market size was estimated at USD 31.82 billion. The report covers the Europe Naval Vessels Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Naval Vessels Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Naval Vessels Market - Size, Share & Industry Analysis

Europe Naval Vessels Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Naval Vessels Market is Segmented by Vessel Type (Submarine, Frigates, Corvettes, Aircraft Carriers, Destroyers, and Other Vessel Types) and Geography (United Kingdom, France, Germany, Russia, Spain, Finland, Ukraine, and the Rest of Europe). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Europe Naval Vessels Industry Overview

The European naval vessels market is consolidated with the presence of prominent players, such as Navantia S.A. SM.E, Naval Group, FINCANTIERI S.p.A., ThyssenKrupp AG, and BAE Systems plc, that are dominating the market. The key players in the market own several shipbuilding yards dedicated to naval vessel developments. The prominent revenue generation strategy of key players is winning contracts and orders from European and foreign governments.

The market players are also collaborating to develop advanced naval vessels to cater to the demands of the armed forces. For instance, a consortium led by Fincantieri, Naval Group, and Navantia submitted an industrial proposal to develop a European patrol corvette (EPC) in December 2021. The EPC is expected to replace several classes of ships, from patrol vessels to light frigates, in service of the European countries. Such partnerships are expected to help the players expand their business during the forecast period.