Global Military Frigates Market

Global Military Frigates Market Overview

• The Global Military Frigates Market Size is expected to grow from USD 23.52 billion in 2023 to USD 29.01 billion by 2033, at a CAGR of 2.12% during the forecast period 2023-2033.
• Medium-sized warships known as military frigates are employed in a variety of naval roles, including as maritime surveillance, anti-aircraft defense, anti-submarine warfare, and escort missions.
• They have sophisticated sensors, protective mechanisms, and weapon systems. Geopolitical tensions, technological developments, navy modernization, maritime security issues, and the increased emphasis on offshore resource exploration are the main drivers behind the deployment of frigates.
• Market expansion is supported by investments in modernizing and replacing fleets, combating illicit activity in coastal areas, such as smuggling and piracy, and concentrating on offshore resource exploitation.

Major vendors in the global military frigates market 

Lockheed Martin Corporation, Austal Limited, United Shipbuilding Corporation, BAE Systems plc and Fincantieri S.p.A., and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisor has segmented the military frigates market based on the below-mentioned segments:

Global Military Frigates Market, By Application

• Escort
• Patrol
• Others

Global Military Frigates Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa