Frigates Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Frigates Market covers analysis By Type (Small Scale, Large Scale); Application (Patrol, Escort, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00021709
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

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.

MARKET DYNAMICS

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.

MARKET SCOPE

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.

MARKET SEGMENTATION

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.

REGIONAL FRAMEWORK

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.

World Geography

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MARKET PLAYERS


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.

MARKET PLAYERS

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
  •   FINCANTIERI S.p.A
  •   United Shipbuilding Corporation
  •   Lockheed Martin Corporation
  •   Naval Group
  •   Damen Group
  •   Lurssen Werft GmbH
  •   Austal
  •   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.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Frigates Market - By Type
1.3.2 Frigates Market - By Application
1.3.3 Frigates Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. FRIGATES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. FRIGATES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. FRIGATES MARKET - GLOBAL MARKET ANALYSIS
6.1. FRIGATES - GLOBAL MARKET OVERVIEW
6.2. FRIGATES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. FRIGATES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SMALL SCALE
7.3.1. Overview
7.3.2. Small Scale Market Forecast and Analysis
7.4. LARGE SCALE
7.4.1. Overview
7.4.2. Large Scale Market Forecast and Analysis
8. FRIGATES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PATROL
8.3.1. Overview
8.3.2. Patrol Market Forecast and Analysis
8.4. ESCORT
8.4.1. Overview
8.4.2. Escort Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis

9. FRIGATES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Frigates Market Overview
9.1.2 North America Frigates Market Forecasts and Analysis
9.1.3 North America Frigates Market Forecasts and Analysis - By Type
9.1.4 North America Frigates Market Forecasts and Analysis - By Application
9.1.5 North America Frigates Market Forecasts and Analysis - By Countries
9.1.5.1 United States Frigates Market
9.1.5.1.1 United States Frigates Market by Type
9.1.5.1.2 United States Frigates Market by Application
9.1.5.2 Canada Frigates Market
9.1.5.2.1 Canada Frigates Market by Type
9.1.5.2.2 Canada Frigates Market by Application
9.1.5.3 Mexico Frigates Market
9.1.5.3.1 Mexico Frigates Market by Type
9.1.5.3.2 Mexico Frigates Market by Application
9.2. EUROPE
9.2.1 Europe Frigates Market Overview
9.2.2 Europe Frigates Market Forecasts and Analysis
9.2.3 Europe Frigates Market Forecasts and Analysis - By Type
9.2.4 Europe Frigates Market Forecasts and Analysis - By Application
9.2.5 Europe Frigates Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Frigates Market
9.2.5.1.1 Germany Frigates Market by Type
9.2.5.1.2 Germany Frigates Market by Application
9.2.5.2 France Frigates Market
9.2.5.2.1 France Frigates Market by Type
9.2.5.2.2 France Frigates Market by Application
9.2.5.3 Italy Frigates Market
9.2.5.3.1 Italy Frigates Market by Type
9.2.5.3.2 Italy Frigates Market by Application
9.2.5.4 United Kingdom Frigates Market
9.2.5.4.1 United Kingdom Frigates Market by Type
9.2.5.4.2 United Kingdom Frigates Market by Application
9.2.5.5 Russia Frigates Market
9.2.5.5.1 Russia Frigates Market by Type
9.2.5.5.2 Russia Frigates Market by Application
9.2.5.6 Rest of Europe Frigates Market
9.2.5.6.1 Rest of Europe Frigates Market by Type
9.2.5.6.2 Rest of Europe Frigates Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Frigates Market Overview
9.3.2 Asia-Pacific Frigates Market Forecasts and Analysis
9.3.3 Asia-Pacific Frigates Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Frigates Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Frigates Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Frigates Market
9.3.5.1.1 Australia Frigates Market by Type
9.3.5.1.2 Australia Frigates Market by Application
9.3.5.2 China Frigates Market
9.3.5.2.1 China Frigates Market by Type
9.3.5.2.2 China Frigates Market by Application
9.3.5.3 India Frigates Market
9.3.5.3.1 India Frigates Market by Type
9.3.5.3.2 India Frigates Market by Application
9.3.5.4 Japan Frigates Market
9.3.5.4.1 Japan Frigates Market by Type
9.3.5.4.2 Japan Frigates Market by Application
9.3.5.5 South Korea Frigates Market
9.3.5.5.1 South Korea Frigates Market by Type
9.3.5.5.2 South Korea Frigates Market by Application
9.3.5.6 Rest of Asia-Pacific Frigates Market
9.3.5.6.1 Rest of Asia-Pacific Frigates Market by Type
9.3.5.6.2 Rest of Asia-Pacific Frigates Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Frigates Market Overview
9.4.2 Middle East and Africa Frigates Market Forecasts and Analysis
9.4.3 Middle East and Africa Frigates Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Frigates Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Frigates Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Frigates Market
9.4.5.1.1 South Africa Frigates Market by Type
9.4.5.1.2 South Africa Frigates Market by Application
9.4.5.2 Saudi Arabia Frigates Market
9.4.5.2.1 Saudi Arabia Frigates Market by Type
9.4.5.2.2 Saudi Arabia Frigates Market by Application
9.4.5.3 U.A.E Frigates Market
9.4.5.3.1 U.A.E Frigates Market by Type
9.4.5.3.2 U.A.E Frigates Market by Application
9.4.5.4 Rest of Middle East and Africa Frigates Market
9.4.5.4.1 Rest of Middle East and Africa Frigates Market by Type
9.4.5.4.2 Rest of Middle East and Africa Frigates Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Frigates Market Overview
9.5.2 South and Central America Frigates Market Forecasts and Analysis
9.5.3 South and Central America Frigates Market Forecasts and Analysis - By Type
9.5.4 South and Central America Frigates Market Forecasts and Analysis - By Application
9.5.5 South and Central America Frigates Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Frigates Market
9.5.5.1.1 Brazil Frigates Market by Type
9.5.5.1.2 Brazil Frigates Market by Application
9.5.5.2 Argentina Frigates Market
9.5.5.2.1 Argentina Frigates Market by Type
9.5.5.2.2 Argentina Frigates Market by Application
9.5.5.3 Rest of South and Central America Frigates Market
9.5.5.3.1 Rest of South and Central America Frigates Market by Type
9.5.5.3.2 Rest of South and Central America Frigates Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. FRIGATES MARKET, KEY COMPANY PROFILES
11.1. HUNTINGTON INGALLS INDUSTRIES, INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GENERAL DYNAMICS CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FINCANTIERI S.P.A
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. UNITED SHIPBUILDING CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LOCKHEED MARTIN CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NAVAL GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. DAMEN GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LURSSEN WERFT GMBH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. AUSTAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. CHINA STATE SHIPBUILDING CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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
9. Austal
10. China State Shipbuilding Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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