Market Overview:
The global high-speed vessels market is projected to grow from USD 9.5 billion in 2018 to USD 15.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the global high-speed vessels market can be attributed to the increasing demand for high-speed naval vessels for new sales and modernization/upgrade applications across the world. Based on type, the destroyers segment is projected to lead the global high-speed vessels market during the forecast period. Destroyers are used for a wide range of missions such as air defense, anti-submarine warfare (ASW), and surface warfare (SUW). These warships are also used for maritime security operations and humanitarian assistance/disaster relief (HA/DR) operations. Asia Pacific is expected to lead the global destroyers market during the forecast period owing to rising tensions in East Asia and an increase in defense spending by countries such as China, Japan, South Korea, and Taiwan. Based on application, new sales is projected be one of fastest growing segments duringthe forecast period The need for modern warships that can provide enhanced capabilities has led several navies acrossthe world tonew procurements programsforhigh speed navalvesselsin recent years .
Product Definition:
High Speed Vessels are naval vessels that are specifically designed to achieve high speeds, typically in excess of 30 knots. The importance of High Speed Vessels lies in their ability to conduct operations quickly and with agility, making them well-suited for a variety of tasks such as patrolling coastal waters, conducting search and rescue missions, or providing support during military operations.
Destroyers:
destroyers are vessels that are used to break down the wake of a high speed vessel and create low pressure areas downstream. The main application area for destroyers is in the oil & gas industry, where they help in maintaining safe operating conditions at higher speeds. In addition, these vessels also offer benefits such as reduced fuel consumption and improved productivity at sea.
The global high-speed vessel market size was valued over USD 30 billion in 2015.
Corvettes:
The corvette is a small, fast naval vessel, typically used for coastal defense and as a patrol boat. It was developed in the 19th century by the French as an all-purpose warship; it can be used for both combat and non-combat purposes. The modern corvette has extensive systems including sensors, communication equipment, electronic countermeasures (ECM), and missile fire control systems to fulfill multiple roles at once.
Application Insights:
The modernization/upgrade segment dominated the global high speed vessels market in 2017, accounting for over 60% of the overall revenue. The segment is expected to witness significant growth over the forecast period as several countries are upgrading or modernizing their existing fleets.
High-speed vessels are widely used by military and maritime security forces for patrolling and defense operations. They provide an effective platform for anti-piracy operations as they can patrol vast areas of water with ease, detect suspicious boats and carry out patrols at a higher pace than conventional ships. Such factors are projected to drive demand from modernization/upgrade activities over the forecast period.
Regional Analysis:
Asia Pacific and Latin America are anticipated to be the key regions over the forecast period. The Asia Pacific region accounted for a share of more than 60% in 2016 owing to increasing demand from China, India, South Korea, Japan and Taiwan. Modernization/upgrade programs undertaken by various nations including Australia, Pakistan and Thailand are expected to boost regional growth over the next eight years.
Europe is projected to witness sluggish growth as compared with other regions due to lack of new ship construction projects since 2010s coupled with rising maintenance costs on high speed vessels (HSVs). However; modernization programs undertaken by several nations including Germany, France and Russia are expected favorably impact regional demand during the forecast period. North America market is also likely witness steady growth as compared with other regions due towards growing defense budget along with increasing geopolitical tensions across Middle East & Africa region which has led rise in arms race among major economies such as U.S.
Growth Factors:
- Increasing demand for high-speed vessels for passenger and commercial transportation
- Growing popularity of fast ferries as a more efficient and environment-friendly mode of transportation
- Proliferation of luxury cruise liners and yachts
- Development of next-generation high speed vessels with advanced features and technologies
- Rising investments in the maritime sector
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Vessels Market Research Report
By Type
Destroyers, Corvettes, Frigates, Submarines, others
By Application
New sales, Modernization/Upgrade
By Companies
Paumier Marine, CMN Group, Swedeship, Grup Aresa, Damen Shipyards Group, Delta Power Group, ThyssenKrupp Marine Systems GmbH, Rolls Royce Plc, Austal, Babcock International Group, Paumier Marine
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Vessels Market Report Segments:
The global High Speed Vessels market is segmented on the basis of:
Types
Destroyers, Corvettes, Frigates, Submarines, others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
New sales, Modernization/Upgrade
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Paumier Marine
- CMN Group
- Swedeship
- Grup Aresa
- Damen Shipyards Group
- Delta Power Group
- ThyssenKrupp Marine Systems GmbH
- Rolls Royce Plc
- Austal
- Babcock International Group
- Paumier Marine
Highlights of The High Speed Vessels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Destroyers
- Corvettes
- Frigates
- Submarines
- others
- By Application:
- New sales
- Modernization/Upgrade
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Speed Vessels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High speed vessels are vessels that travel at speeds greater than 20 knots.
Some of the key players operating in the high speed vessels market are Paumier Marine, CMN Group, Swedeship, Grup Aresa, Damen Shipyards Group, Delta Power Group, ThyssenKrupp Marine Systems GmbH, Rolls Royce Plc, Austal, Babcock International Group, Paumier Marine.
The high speed vessels market is expected to grow at a compound annual growth rate of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Speed Vessels Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 High Speed Vessels Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High Speed Vessels Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the High Speed Vessels Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global High Speed Vessels Market Size & Forecast, 2020-2028 4.5.1 High Speed Vessels Market Size and Y-o-Y Growth 4.5.2 High Speed Vessels Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Destroyers
5.2.2 Corvettes
5.2.3 Frigates
5.2.4 Submarines
5.2.5 others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 New sales
6.2.2 Modernization/Upgrade
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Speed Vessels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Speed Vessels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Destroyers
9.6.2 Corvettes
9.6.3 Frigates
9.6.4 Submarines
9.6.5 others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 New sales
9.10.2 Modernization/Upgrade
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Destroyers
10.6.2 Corvettes
10.6.3 Frigates
10.6.4 Submarines
10.6.5 others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 New sales
10.10.2 Modernization/Upgrade
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Destroyers
11.6.2 Corvettes
11.6.3 Frigates
11.6.4 Submarines
11.6.5 others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 New sales
11.10.2 Modernization/Upgrade
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Destroyers
12.6.2 Corvettes
12.6.3 Frigates
12.6.4 Submarines
12.6.5 others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 New sales
12.10.2 Modernization/Upgrade
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Destroyers
13.6.2 Corvettes
13.6.3 Frigates
13.6.4 Submarines
13.6.5 others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 New sales
13.10.2 Modernization/Upgrade
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Speed Vessels Market: Competitive Dashboard
14.2 Global High Speed Vessels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Paumier Marine
14.3.2 CMN Group
14.3.3 Swedeship
14.3.4 Grup Aresa
14.3.5 Damen Shipyards Group
14.3.6 Delta Power Group
14.3.7 ThyssenKrupp Marine Systems GmbH
14.3.8 Rolls Royce Plc
14.3.9 Austal
14.3.10 Babcock International Group
14.3.11 Paumier Marine