Global Market Size, Forecast, and Trend Highlights Over 2025-2037
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. In the year 2025, the industry size of naval combat vessels is assessed at USD 115.41 billion.
Naval combat vessels are warships used by a navy for naval warfare and they differ from civilian ships by construction and purpose. They are designed for combat with submarines or aircraft and can accomplish other missions related to counter-narcotics operations and maritime interdiction operations (MIO). The increase in next-generation naval systems, such as unmanned underwater vehicles (UUVs) is driving revolutionary study in artificial intelligence (AI) underwater communications, autonomous navigation, and unmanned swarm technologies. The effect of huge spending on developing AI for undersea structures signifies the paramount change in military sea power since the introduction of nuclear-powered vessels.
