Military Frigates Market Report 2025 (Global Edition)

Global Military Frigates Market Report 2025 Market Size Split by System (Anti-submarine, Anti-ship, Anti-air defense), by Usage (Patrol, Escort, Others), by End use (Military & Defense, Law Enforcemen...

Military Frigates Market Report Description

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Military Frigates Market Insights Video

Competitive Landscape of the Military frigates Market

The competitive landscape of the military frigates market is characterized by a few key players dominating the global scene, often comprising established defense contractors and shipbuilding companies with extensive experience in naval vessel construction. These companies leverage their technological expertise, production capabilities, and longstanding relationships with defense ministries and naval forces worldwide to secure lucrative contracts for frigate procurement.

June 2023: The Dutch Ministry of Defence (MoD), Damen, and THALES jointly signed a contract for the construction of four cutting-edge Anti-Submarine Warfare (ASW) Frigates. This pivotal agreement marked the beginning of a new era, heralding the retirement of the current Karel Doorman Class multipurpose frigates. (Source:https://www.damen.com/insights-center/news/contract-signed-for-new-anti-submarine-warfare-frigates) November 2022: The UK Ministry of Defence (MoD) displayed its commitment to naval supremacy by awarding a substantial USD 4.59 billion contract to BAE Systems plc. This contract solidified BAE Systems' responsibility for the construction of the next five City Class Type 26 frigates destined for service in the Royal Navy.

(Source: https://www.baesystems.com/en/article/bae-systems-awarded-4-2bn-contract-to-build-five-more-type-26-frigates-in-glasgow)

Top Companies Market Share in Military Frigates Industry: (In no particular order of Rank)

• Rosoboronexport
• BAE Systems plc
• Austal
• Damen Schelde Naval Shipbuilding
• Lockheed Martin Corporation
• Lürssena
• thyssenkrupp AG
• China State Shipbuilding Corporation
• General Dynamics Corporation
• Fincantieri S.p.A.
• United Shipbuilding Corporation
• Naval Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Military frigates Market

Which Region Dominates the Military frigates Market in 2024?

According to Cognitive Market Research, North America's dominance in the military frigates market can be attributed to several factors. Firstly, the region has a strong defense budget, allowing for substantial investment in naval capabilities. Secondly, North America is home to major defense contractors with expertise in designing and building advanced frigates. Additionally, the region has a large fleet of aging frigates that require replacement, driving demand for new vessels. Furthermore, North America's strategic position in global trade routes and its role in international security alliances contribute to the need for a robust naval presence, including frigates, further supporting the market's dominance in the region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is experiencing rapid growth in the military frigates market due to several key factors. The region is witnessing significant geopolitical tensions, prompting countries to strengthen their naval capabilities, including acquiring new frigates. Additionally, many countries in Asia Pacific, such as China, India, and South Korea, are investing heavily in their defense sectors, including the development and procurement of naval vessels. Furthermore, the region's expansive coastline and vital sea lanes make naval presence crucial for security and protection of maritime interests, further driving the demand for frigates.

 

The current report Scope analyzes Military Frigates Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Military Frigates

According to Cognitive Market Research, the global Military frigates market size was estimated at USD 24581.2 Millionout of which North America held the major market of more than 40% of the global revenue with a market size of USD 9832.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.6%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Military frigates market with a market size of USD 7757.83 million in 2024 and is projected to grow at a CAGR of 1.4% during the forecast period. The demand is amplified by the nation's strong defense budget allocations, technological advancements.
• The Canada Military frigates market had a market share of USD 1179.90 million in 2024 and is projected to grow at a CAGR of 2.4% during the forecast period. Canada's robust technological advancements to increased usage of Military frigates.
• The Mexico Military frigates market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 894.76 million in 2024.

Europe Military Frigates

According to Cognitive Market Research, the global Military frigates market size was estimated at USD 24581.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 7374.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.9% from 2024 to 2031.

• The United Kingdom Military frigates market had a market share of USD 1238.89 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In the UK, Military frigates sales witness an upswing due to the nation's increasing defense budgets.
• The France Military frigates market is projected to witness growth at a CAGR of 1.1% during the forecast period with a market size of USD 678.44 million in 2024.
• According to Cognitive Market Research, the Germany Military frigates market size was valued at USD 1460.12 million in 2024 and is projected to grow at a CAGR of 2.1% during the forecast period. In Germany, Military frigates sales surge due to the manufacturers and suppliers in the defense industry.
• The Italy Military frigates market is projected to witness growth at a CAGR of 1.3% during the forecast period with a market size of USD 634.19 million in 2024.
• The Russia Military frigates market is projected to witness growth at a CAGR of 0.9% during the forecast period with a market size of USD 1143.03 million in 2024.
• The Spain Military frigates market is projected to witness growth at a CAGR of 1.0% during the forecast period with a market size of USD 604.70 million in 2024
• The LuxembourgMilitary frigates market is projected to witness growth at a CAGR of 2.0% during the forecast period with a market size of USD 228.61 million in 2024.
• The PortugalMilitary frigates market is projected to witness growth at a CAGR of 1.7% during the forecast period with a market size of USD 154.86 million in 2024.
• The GreeceMilitary frigates market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 88.49 million in 2024.
• Rest of Europe Military frigates market is projected to witness growth at a CAGR of 0.6% during the forecast period with a market size of USD 1143.03 million in 2024.

Asia Pacific Military Frigates

According to Cognitive Market Research, the global Military frigates market size was estimated at USD 24581.2Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 5653.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4%from 2024 to 2031.

• According to Cognitive Market Research, the China Military frigates market size was valued at USD 2544.15 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. Military frigates sales surge in China due to the strategic location, with several countries having extensive coastlines and maritime interests.
• The Japan Military frigates market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 780.21 million in 2024.
• The India Military frigates market had a market share of USD 678.44 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. The demand is augmented by India's increasing focus on naval expansion and modernization.
• The South Korea Military frigates market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 565.37 million in 2024.
• The Australia Military frigates market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 293.99 million in 2024.
• The South East Asia Military frigates market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 390.10 million in 2024.
• The Rest of Asia Pacific Military frigates market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 401.41 million in 2024.

South America Military Frigates

According to Cognitive Market Research, the global Military frigates market size was estimated at USD 24581.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 1229.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8%from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Military frigates market size was valued at USD 526.04 million in 2024 and is projected to grow at a CAGR of 3.4% during the forecast period. Military frigates sales flourish in Brazil due to the rising labor costs incentivize adoption of ASRS for labor-saving.
• Argentina Military frigates market had a market share of USD 206.48 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. The demand is augmented by Argentina's technological advancements drive innovation in logistics industry.
• Colombia Military frigates market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 109.39 million in 2024.
• Peru Military frigates market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD 100.78 million in 2024.
• Chile Military frigates market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 88.49 million in 2024.
• The Rest of Latin America Military frigates market is projected to witness growth at a CAGR of 1.9% during the forecast period with a market size of USD 197.88 million in 2024.

Middle East Military Frigates

According to Cognitive Market Research, the global Military frigates market size was estimated at USD 24581.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 491.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.1%from 2024 to 2031.

• The GCC Countries Military frigates market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 210.42 million in 2024. Military frigates sales flourish due to the increasing focus on maritime security and naval modernization.
• The Egypt Military frigates market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 51.62 million in 2024.
• The South Africa Military frigates market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 77.68 million in 2024. Military frigates sales flourish in the South Africa due to the strategic partnerships with regional allies.
• The Turkey Military frigates market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 42.28 million in 2024.
• The Nigeria Military frigates market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 51.62 million in 2024.
• The Rest of MEA Military frigates market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 58.01 million in 2024.

Military Frigates Market Analysis

Military frigates Market System Segment Analysis

According to Cognitive Market Research, the dominant system category is anti-submarine warfare (ASW) systems. ASW systems are crucial for frigates as they are designed to detect, track, and neutralize hostile submarines, which pose a significant threat to naval operations. Frigates equipped with advanced ASW systems, such as sonar arrays, towed sonar arrays, and ASW helicopters, are highly sought after by naval forces looking to enhance their underwater surveillance and defense capabilities. The dominance of ASW systems is driven by the increasing submarine activities worldwide and the need for naval forces to maintain superiority in underwater warfare.

The fastest-growing category in the military frigates market is anti-ship systems. With the proliferation of advanced anti-ship missiles in modern naval warfare, frigates are increasingly equipped with sophisticated missile defense systems to counter these threats. These systems include surface-to-air missiles (SAMs), close-in weapon systems (CIWS), and electronic warfare (EW) suites designed to detect, track, and intercept incoming missiles. The rapid growth of anti-ship missile defense systems is driven by the escalating missile threats in maritime environments and the need for frigates to enhance their survivability against such threats.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Military Frigates Industry. Request a Free Sample PDF!

Military frigates Market Usage Segment Analysis

According to Cognitive Market Research, the dominant usage category is escort. Frigates play a crucial role in escorting and protecting larger naval vessels such as aircraft carriers, amphibious assault ships, and logistics vessels during military operations and maritime patrols. Their versatility, agility, and multi-role capabilities make frigates highly effective escort vessels, capable of providing anti-submarine, anti-air, and anti-surface warfare protection to the escorted ships. The dominance of escort missions is driven by the increasing demand for maritime security and protection of naval assets, especially in regions prone to maritime threats and geopolitical tensions.

The fastest-growing category in the military frigates market is patrol. Frigates are increasingly deployed for maritime patrol and surveillance missions to monitor and secure territorial waters, exclusive economic zones (EEZs), and strategic maritime chokepoints. These missions involve conducting patrols, surveillance, search and rescue operations, and law enforcement activities to safeguard maritime interests, combat piracy, and illegal maritime activities. The rapid growth of patrol missions is driven by the growing emphasis on maritime domain awareness, maritime security, and maritime law enforcement, particularly in regions facing maritime security challenges and asymmetric threats.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Military Frigates End use Segment Analysis

According to Cognitive Market Research, the dominant end-use category is military and defense. Military frigates are primarily designed and employed by naval forces worldwide for various military missions, including naval warfare, maritime security, and power projection. These vessels are equipped with advanced weapons systems, sensors, and communication technologies to enhance their combat capabilities and operational effectiveness. The dominance of the military and defense segment is driven by the continuous modernization and expansion of naval fleets by countries to maintain maritime superiority, protect maritime interests, and deter potential threats in strategic maritime regions.

The fastest-growing end-use category in the military frigates market is law enforcement. Frigates are increasingly being utilized for maritime law enforcement missions by coast guards and maritime security agencies to enforce laws, regulations, and treaties in territorial waters and EEZs. These vessels are equipped with surveillance systems, boarding capabilities, and non-lethal weapons to support maritime law enforcement operations, combat illegal activities such as smuggling, trafficking, and piracy, and protect marine resources. The rapid growth of the law enforcement segment is driven by the rising need for maritime security, border protection, and maritime law enforcement in response to the evolving maritime security environment and increasing maritime threats.

• Military & Defense
• Law Enforcement

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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