Military Frigates Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Military Frigates Market is Segmented by Geography.

Military Frigates Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Military Frigates Market Size

Military Frigates Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 24.55 Billion
Market Size (2030) USD 27.33 Billion
CAGR (2025 - 2030) 2.17 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Military Frigates Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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Military Frigates Market Analysis

The Military Frigates Market size is estimated at USD 24.55 billion in 2025, and is expected to reach USD 27.33 billion by 2030, at a CAGR of 2.17% during the forecast period (2025-2030).

  • Development and procurement of new frigates have gained importance in the past few years due to the increasing border issues and territorial conflicts at sea. Escalating geopolitical tensions globally underscores the strategic importance of naval forces, fostering a heightened demand for military frigates. Nations seek to bolster their maritime capabilities to secure vital sea routes, protect territorial waters, and respond effectively to evolving geopolitical challenges, thereby driving the procurement of frigates.
  • The increasing emphasis on maritime security amplifies the demand for military frigates. These vessels serve as linchpins in patrolling activities, enabling nations to monitor and safeguard their coastlines, Exclusive Economic Zones (EEZs), and maritime borders. The versatility of frigates in addressing diverse maritime security concerns reinforces their pivotal role in maintaining a secure maritime environment. The ongoing replacement programs in various countries to replace the current aging fleet of combat ships with modern detection and weapon systems equipped with frigates that have anti-ship, anti-submarine, and air-defense capabilities are propelling the growth of the market.
  • The surge in military modernization initiatives plays a pivotal role in driving the market for military frigates. As nations prioritize upgrading their defense capabilities, frigates emerge as integral components of comprehensive naval modernization programs. The incorporation of state-of-the-art frigates aligns with broader military strategies, contributing to sustained demand in the market.

Military Frigates Industry Overview

The military frigates market is fragmented, with many companies competing to gain market share. Some of the prominent players in the market are Lockheed Martin Corporation, Austal Limited, United Shipbuilding Corporation, Fincantieri S.p.A., and BAE Systems plc. The major issue faced by the companies is limited geographical presence. For instance, BAE Systems plc supports the frigate programs of the United Kingdom and Australia, Austal Limited supports frigates in Australia and the United States, and United Shipbuilding Corporation majorly supports the programs of Russia. Due to such a limited geographical presence, the market is highly fragmented, with many companies taking a part of the share. The collaborations and partnerships between the players to support the frigate development programs of the naval forces may help the companies gain a strong and leading position in the market. 

For instance, in May 2021, the US Navy issued a USD 554 million contract to Fincantieri Marinette Marine to start building the next frigate in the Constellation class. The award is for the future USS Congress (FFG-63), which is the second hull in the Constellation class.

Military Frigates Market Leaders

  1. Lockheed Martin Corporation

  2. Austal Limited

  3. United Shipbuilding Corporation

  4. BAE Systems plc

  5. Fincantieri S.p.A.

  6. *Disclaimer: Major Players sorted in no particular order
Military Frigates Market Concentration
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Military Frigates Market News

  • 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. The primary focus of these ASW frigates will revolve around bolstering anti-submarine warfare capabilities, showcasing a strategic shift in naval operations. These state-of-the-art frigates will feature hybrid diesel-electric propulsion, embodying a commitment to technological advancement and environmental considerations. A paramount objective is to enhance stealth capabilities, enabling the vessels to navigate with utmost silence, thereby minimizing the risk of detection.
  • 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. The Type 26 frigates, acclaimed as among the world's most advanced, are meticulously designed to excel in anti-submarine warfare and high-intensity air defense. Beyond their military prowess, these versatile vessels possess the agility to swiftly adapt, seamlessly transitioning to roles such as transporting significant quantities of humanitarian aid and providing housing for medical facilities. The multifaceted capabilities of the Type 26 frigates underscore their pivotal role in safeguarding national interests and contributing to global stability.

Military Frigates 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 Buyers/Consumers
    • 4.4.2 Bargaining Power of Suppliers
    • 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 By Application
    • 5.1.1 Patrol
    • 5.1.2 Escort
    • 5.1.3 Other Applications
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.2 Europe
    • 5.2.2.1 Italy
    • 5.2.2.2 United Kingdom
    • 5.2.2.3 Spain
    • 5.2.2.4 France
    • 5.2.2.5 Germany
    • 5.2.2.6 Russia
    • 5.2.2.7 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 Taiwan
    • 5.2.3.3 India
    • 5.2.3.4 South Korea
    • 5.2.3.5 Australia
    • 5.2.3.6 Rest of Asia-Pacific
    • 5.2.4 Latin America
    • 5.2.4.1 Mexico
    • 5.2.4.2 Brazil
    • 5.2.4.3 Rest of Latin America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 Turkey
    • 5.2.5.2 Egypt
    • 5.2.5.3 Saudi Arabia
    • 5.2.5.4 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 BAE Systems plc
    • 6.2.2 Fincantieri S.p.A.
    • 6.2.3 Naval Group
    • 6.2.4 Damen Shipyards Group
    • 6.2.5 Fr. Lürssen Werft GmbH & Co. KG
    • 6.2.6 thyssenkrupp AG
    • 6.2.7 United Shipbuilding Corporation
    • 6.2.8 Rosoboronexport
    • 6.2.9 General Dynamics Corporation
    • 6.2.10 Lockheed Martin Corporation
    • 6.2.11 Austal Limited
    • 6.2.12 China Shipbuilding Industry Trading Co., Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Military Frigates Industry Segmentation

Military frigates are naval vessels positioned within the mid-range of naval fleets, offering a versatile and adaptable platform for various maritime operations. These vessels are specifically designed to balance firepower, agility, and endurance. Equipped with advanced technology, military frigates play a pivotal role in contemporary naval warfare, fulfilling multiple roles such as anti-submarine warfare, anti-aircraft warfare, and anti-surface warfare. Their significance lies in their ability to navigate diverse maritime challenges effectively.

The military frigates market is segmented by application and geography. By application, the market is segmented into patrol, escort, and others. Others include anti-submarine, anti-aircraft, anti-surface, and mine warfare. The report also covers the market sizes and forecasts for the military frigates market in major countries across different regions. 

For each segment, the market size is provided in terms of value (USD).

By Application Patrol
Escort
Other Applications
Geography North America United States
Canada
Europe Italy
United Kingdom
Spain
France
Germany
Russia
Rest of Europe
Asia-Pacific China
Taiwan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America Mexico
Brazil
Rest of Latin America
Middle-East and Africa Turkey
Egypt
Saudi Arabia
Rest of Middle-East and Africa
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Military Frigates Market Research FAQs

How big is the Military Frigates Market?

The Military Frigates Market size is expected to reach USD 24.55 billion in 2025 and grow at a CAGR of 2.17% to reach USD 27.33 billion by 2030.

What is the current Military Frigates Market size?

In 2025, the Military Frigates Market size is expected to reach USD 24.55 billion.

Who are the key players in Military Frigates Market?

Lockheed Martin Corporation, Austal Limited, United Shipbuilding Corporation, BAE Systems plc and Fincantieri S.p.A. are the major companies operating in the Military Frigates Market.

Which is the fastest growing region in Military Frigates Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Military Frigates Market?

In 2025, the North America accounts for the largest market share in Military Frigates Market.

What years does this Military Frigates Market cover, and what was the market size in 2024?

In 2024, the Military Frigates Market size was estimated at USD 24.02 billion. The report covers the Military Frigates Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Military Frigates Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Military Frigates Industry Report

Statistics for the 2025 Military Frigates market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Military Frigates 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.