About Military Frigates
Military frigates are any several types of warship which are used for ships of various sizes and roles over the last few centuries. The frigate is considered as the vessels that are intermediate between corvettes and destroyers. It is used for protecting merchant-marine ships, primarily as anti-submarine warfare combatants for amphibious expeditionary forces.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Military Frigates market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Huntington Ingalls Industries (United States), General Dynamics Corporation (United States), Fincantieri S.p.A. (Italy), JSC United Shipbuilding Corporation (Russia), Lockheed Martin Corporation (United States), Naval Group (France), The Damen Group (Netherland), Lurssen Werft GmbH (Germany), Austal (Australia) and China State Shipbuilding Corporation (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Military Frigates market by Type (Type 31 Frigate, Type 23 Frigate, Type 26 Frigate, Type 21 Frigate and Others), Application (Patrol, Escort and Others) and Region.
On the basis of geography, the market of Military Frigates has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Medium-size frigates will boost the Military Frigates market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement and Innovation in the Field of Military Training
Market Growth Drivers:
Rising Defense Expenditure on Military Simulation and Training and Increasing Usage of Military Fridges in Various Application
Challenges:
Low Adoption Rate in Under Developing Countries
Restraints:
Availability of substitute such as Destroyers and Stringent Government Rules and Regulations regarding Frigate
Opportunities:
Government Initiative to Promote Frigates Market and Growing Demand from Emerging Market such as China, India and Others
Market Leaders and their expansionary development strategies
In December 2023, Egypt marked the launched of its first domestically-built, modern frigate. Built with the support of Germany, the launch of the vessel is a milestone for Egypt as it moves rapidly to modernize its navy and expand its role in supporting regional maritime security.
In September 2023, China's new-generation class of guided missile frigate, the Type 054B, will feature a longer operational range, more functions and stronger combat capability, according to Chinese military observers. The Type 054B is an upgraded variant of the Type 054A, the most deployed frigate class in the People's Liberation Army Navy. About 30 Type 054As are in service with the Navy.
According to the Federation of American Scientists (FAS), “The Navy stated that it is purchasing the quantity of mission systems and packages needed for system integration, crew training, developmental testing, operational testing, and LCS deployments. The packages have all been demonstrated in a relevant environment prior to integration. The Navy is purchasing the systems in accordance with DOD regulations”. Hence, it may acts as hamper for market growth.
Key Target Audience
Military Frigate manufacturers, Regulatory bodies, Intermediary suppliers and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.