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

Maritime Patrol Naval Vessels Industry Overview

The market of maritime patrol naval vessels is fragmented with the presence of many regional manufacturers that provide different types of patrol vessels. Some of the prominent players in the maritime patrol naval vessels market are BAE Systems plc, Naval Group, Huntington Ingalls Industries Inc., Mitsubishi Heavy Industries Ltd, and Fincantieri S.p.A. The majority of the shipbuilding companies are based out of Europe, like BAE Systems PLC, Austal Limited, SAAB AB, Naval Group, and Damen Shipyards Group, among others. The companies are developing new patrolling vessels with the integration of advanced technology to increase various capabilities like autonomy, monitoring, detection, etc. In April 2022, Huntington Ingalls successfully launched the Legend-class national security cutter Calhoun (WMSL 759) at the company's Ingalls Shipbuilding division. This new vessel is integrated with automated navigational decision-making technologies, which will make naval missions faster, easier, and safer. The orders for such new and advanced vessels may enable the companies to increase their global footprint, as well as enhance cashflow.