Asia-Pacific Naval Vessels Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific Naval Vessels Market is Segmented by Vessel Type (submarine, Frigates, Corvettes, Aircraft Carriers, Destroyers, Other Vessel Types) and Geography (Asia-Pacific (China, India, Japan, South Korea, Australia, Singapore, and the Rest of Asia-Pacific)). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Asia-Pacific Naval Vessels Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia-Pacific Naval Vessels Market Size

View Global Report
Asia-Pacific Naval Vessels Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 47.68 Billion
Market Size (2030) USD 95.77 Billion
CAGR (2025 - 2030) 14.97 %
Market Concentration Medium

Major Players

Asia-Pacific Naval Vessels Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Naval Vessels Market with other markets in Aerospace & Defense Industry

Defense

Airport Operations

Aviation

Aerospace & Defense Technology

Air Taxi

Aircraft Parts

Asia-Pacific Naval Vessels Market Analysis

The Asia-Pacific Naval Vessels Market size is estimated at USD 47.68 billion in 2025, and is expected to reach USD 95.77 billion by 2030, at a CAGR of 14.97% during the forecast period (2025-2030).

The increasing terrorism, maritime border security tensions between Asia-Pacific countries, piracy, and trafficking in the Indian Ocean, South China Sea, Arabian Sea, and South Pacific Ocean are prompting countries to deploy more naval vessels and coast guard patrol boats in the region. Increased defense spending and budget allocation for naval forces are supporting the growth of the naval vessels market in this region as countries look to modernize their naval vessel fleets.

Countries such as Japan and China are heavily integrating advanced technologies such as robotics and automation to develop a more cohesive naval force that can work simultaneously with the army and air force, thus enhancing situational awareness and battle management. This factor will likely further propel the growth of the naval vessels market in the Asia-Pacific region.

However, stringent rules and regulations to reduce emissions and pollution in the ocean are a challenge for naval vessel manufacturers.

Asia-Pacific Naval Vessels Industry Overview

The Asia-Pacific Naval Vessels Market is semi-consolidated and is heavily dominated by prominent players such as Cochin Shipyard Limited, HD Hyundai, LARSEN & TOUBRO LIMITED. Mitsubishi Heavy Industries Limited and Kawasaki Heavy Industries, Ltd. These corporations own a large number of shipbuilding docks for naval vessel developments while collaborating with privately owned companies for technological and project management assistance. 

The key players in the region generate revenue by completing orders largely from national governments. European naval shipbuilders also have a presence in the region in the form of joint ventures and collaboration. Other key players in the region include Singapore Technologies Engineering Limited, ASC Pty Ltd., etc., and PT PAL Indonesia, among others.

Asia-Pacific Naval Vessels Market Leaders

  1. Cochin Shipyard Limited

  2. HD Hyundai

  3. LARSEN & TOUBRO LIMITED

  4. Mitsubishi Heavy Industries Limited

  5. Kawasaki Heavy Industries, Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Picture1.png
Need More Details on Market Players and Competiters?
Download PDF

Asia-Pacific Naval Vessels Market News

  • April 2023: Hyundai Heavy Industries launched its Chungnam frigate (FFX) at its shipyard in Ulsan, South Korea. The Chungnam is the first of six vessels that comprise the Ulsan-class FFX Batch III, which will be inducted into the Republic of Korea (ROK) Navy.
  • September 2022: India’s first indigenously built aircraft carrier, INS Vikrant, was commissioned into service under the Make in India initiative.

APAC Naval Vessels Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Vessel Type
    • 5.1.1 Submarines
    • 5.1.2 Frigates
    • 5.1.3 Corvettes
    • 5.1.4 Aircraft Carrier
    • 5.1.5 Destroyers
    • 5.1.6 Other Vessel Types
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Australia
    • 5.2.1.6 Singapore
    • 5.2.1.7 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 China State Shipbuilding Corporation
    • 6.1.2 Garden Reach Shipbuilders and Engineers Limited
    • 6.1.3 LARSEN & TOUBRO LIMITED
    • 6.1.4 Mazagon Dock Shipbuilders Limited
    • 6.1.5 Cochin Shipyard Limited
    • 6.1.6 PT PAL Indonesia
    • 6.1.7 Boustead Heavy Industries Corporation Berhad
    • 6.1.8 Singapore Technologies Engineering Limited
    • 6.1.9 Bangkok Dock Company Limited
    • 6.1.10 HD Hyundai
    • 6.1.11 Mitsubishi Heavy Industries Limited
    • 6.1.12 Kawasaki Heavy Industries, Ltd.
    • 6.1.13 ASC Pty Ltd.
    • 6.1.14 FINCANTIERI S.p.A.
    • 6.1.15 thyssenkrupp AG
    • 6.1.16 Navantia S.A. SM.E
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Asia-Pacific Naval Vessels Industry Segmentation

A naval vessel or ship is a military vessel used by a navy. Generally, naval vessels are damage-resilient and armed with weapon systems.

Vessel types and geography segment the naval vessels market. The vessel types include destroyers, cruisers, frigates, submarines, corvettes, aircraft carriers, and other vessel types (including amphibious warfare ships, littoral combat ships, cruisers, mine countermeasure ships, and patrol ships). The report provides market size and forecasts for all major countries in Asia-Pacific, including China, India, Japan, South Korea, Australia, Singapore, and the Rest of Asia-Pacific. 

The market size and forecast for all the above segments are provided by value (USD).

Vessel Type Submarines
Frigates
Corvettes
Aircraft Carrier
Destroyers
Other Vessel Types
Geography Asia-Pacific China
India
Japan
South Korea
Australia
Singapore
Rest of Asia-Pacific
Need A Different Region or Segment?
Customize Now

APAC Naval Vessels Market Research FAQs

How big is the Asia-Pacific Naval Vessels Market?

The Asia-Pacific Naval Vessels Market size is expected to reach USD 47.68 billion in 2025 and grow at a CAGR of 14.97% to reach USD 95.77 billion by 2030.

What is the current Asia-Pacific Naval Vessels Market size?

In 2025, the Asia-Pacific Naval Vessels Market size is expected to reach USD 47.68 billion.

Who are the key players in Asia-Pacific Naval Vessels Market?

Cochin Shipyard Limited, HD Hyundai, LARSEN & TOUBRO LIMITED, Mitsubishi Heavy Industries Limited and Kawasaki Heavy Industries, Ltd. are the major companies operating in the Asia-Pacific Naval Vessels Market.

What years does this Asia-Pacific Naval Vessels Market cover, and what was the market size in 2024?

In 2024, the Asia-Pacific Naval Vessels Market size was estimated at USD 40.54 billion. The report covers the Asia-Pacific Naval Vessels Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Naval Vessels Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Naval Vessels Industry Report

Statistics for the 2025 Asia-Pacific Naval Vessels market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Naval Vessels analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.