Frigates are a type of warship that is designed to be fast and maneuverable. Currently, frigates serve as anti-submarine warfare combatants for amphibious expeditionary forces, defending other warships and merchant-marine ships. Anti-submarine warfare (ASW) combatants for amphibious expeditionary forces, underway replenishment units, and merchant convoys are used by modern navies to defend other warships and merchant-marine ships. Frigate-class ships have also been compared to corvettes, destroyers, cruisers, and even battleships. Owing to an increase in border disputes and territorial conflicts at sea, the development and acquisition of new frigates has become more important in recent years. The market is being propelled forward by ongoing replacement projects in various countries to replace the existing ageing fleet of fighting ships with new detection and missile systems fitted frigates with anti-ship, anti-submarine, and air-defense capabilities.
The key market drivers for frigates market are, increasing defense spending by many nations because of increasing disputes with other nations, growing in number of procurement and development of new frigates by countries for the purpose of patrolling, and protecting other ships and vessels of navy from enemy. Additionally, increased focus on modernization of navy frigates for their utilization in combat systems as well as use of frigates to carry guided weapon system along with radar system is expected to boost market growth. Moreover, the market is being propelled forward by ongoing replacement projects in various countries to replace the existing ageing fleet of fighting ships with new detection and missile systems fitted frigates with anti-ship, anti-submarine, and air-defense capabilities. Whereas, high cost associated with frigate and its maintenance is expected to restrain market growth during the forecast period.
The "Global Frigates Market Analysis to 2028" is a specialized and in-depth study of the frigates market with a special focus on the global market trend analysis. The report aims to provide an overview of frigates market with detailed market segmentation by type and application. The global frigates market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading frigates market player and offers key trends and opportunities in the frigates market.
The global frigates market is segmented on the basis of, type and application. On the basis of type the market is segmented as, small scale and large scale. Further, on the basis of application the market is bifurcated as, patrol, escort and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global frigates market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The frigates market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting frigates market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the frigates market in these regions.
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The reports cover key developments in the frigates market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from frigates market are anticipated to lucrative growth opportunities in the future with the rising demand for frigates market. Below mentioned is the list of few companies engaged in the frigates market.
The report also includes the profiles of key frigates market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Huntington Ingalls Industries, Inc
General Dynamics Corporation
United Shipbuilding Corporation
Lockheed Martin Corporation
Lurssen Werft GmbH
China State Shipbuilding Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Huntington Ingalls Industries, Inc
2. General Dynamics Corporation
3. FINCANTIERI S.p.A
4. United Shipbuilding Corporation
5. Lockheed Martin Corporation
6. Naval Group
7. Damen Group
8. Lurssen Werft GmbH
10. China State Shipbuilding Corporation