Military Marine Vessel Engines Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Military Marine Vessel Engines Market Manufacturers and it is Segmented by Vessel Type (Naval Carriers, Destroyers, Frigates, Submarines, and Other Vessel Types), Propulsion System (Diesel Propulsion, Water-Jet Propulsion, Gas Turbine Propulsion, Hybrid Propulsion, and Nuclear Propulsion), and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market size and forecast are provided in terms of value (USD Million) for all the above segments.

Military Marine Vessel Engines Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Military Marine Vessel Engines Market Size

Military Marine Vessel Engines Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Military Marine Vessel Engines Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Military Marine Vessel Engines Market Analysis

The Military Marine Vessel Engines Market is expected to register a CAGR of greater than 4% during the forecast period.

The global marine sector witnessed the mild impact of the COVID-19 pandemic. According to the United Nations Conference on Trade and Development (UNCTAD) Review of Maritime Transport Report 2021, the impact of the COVID-19 pandemic on maritime trade volumes in 2020 was less severe than initially expected. The report stated that maritime trade contracted by 3.8% in 2020, but it recovered later in 2020 and is projected to increase by 4.3% in 2021.

The deployment of a naval fleet is essential for safeguarding coastal bordering countries' interests and sovereignty in light of the rise in territorial disputes between them. To ensure that the fleet is operationally ready to neutralize any hostile craft encroaching on the nation's maritime borders, new naval vessels had to be purchased, and the existing fleet had to be upgraded. The market is being driven in focus by new procurement, which generates a parallel demand for military marine vessel engines.

Significant advancements in the fields of advanced electronic propulsion systems and hybrid turbochargers have resulted from the intensive R&D efforts put forth to improve the operational parameters of a marine vessel. The advancement in such technologies is anticipated to minimize the design and operational cost of the vessels featuring such propulsive technologies as they reach the maturity stage and are widely adopted by the global naval forces.

Military Marine Vessel Engines Industry Overview

The military marine vessel engines market is moderately consolidated due to the presence of a few players holding significant shares in the market. Some of the key players like Rolls-Royce Holdings PLC, General Electric Company, STX Engine Co. Ltd, STEYR MOTORS Betriebs GmbH, and Cummins Inc. Acquisitions of local players and companies in the supply chain may help the players to strengthen their presence in the market further. Moreover, for new players, the investment costs are expected to be high, as the size and complexity of the propellers for naval ships are far more extensive, compared to those for smaller boats.

Investments in R&D also tend to generate high demand for the market. For instance, GE's LM 2500 engines are so designed to operate in both littoral and deep-sea situations effectively. The companies are trying to expand their brand values in the market through joint ventures and new product launches. In September 2022, MAN Energy Solutions SE and Makita Corporation signed a three-year-long deal to provide MAN PrimeServ services on SCR-HP systems used in MAN two-stroke marine engines made by Makita under license.

Military Marine Vessel Engines Market Leaders

  1. Rolls-Royce Holdings plc

  2. General Electric Company

  3. STX Engine Co., Ltd.

  4. STEYR MOTORS Betriebs GmbH

  5. Cummins Inc.

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

  • In October 2022, Volvo Penta and CMB.TECH announced a tie-up for developing dual-fuel hydrogen-powered solutions aimed at both marine and terrestrial applications. The collaboration will focus on piloting projects of small-scale industrialization and ensuring access to greenhouse gas emission reduction technology.
  • In February 2022, PT PAL Indonesia signed a memorandum of understanding (MoU) with the Naval Group to cooperate on the research and development of submarines, which will boost the maritime defense of Indonesia.

Military Marine Vessel Engines 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 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Vessel Type
    • 5.1.1 Naval Carriers
    • 5.1.2 Destroyers
    • 5.1.3 Frigates
    • 5.1.4 Submarines
    • 5.1.5 Other Vessel Types
  • 5.2 Propulsion System
    • 5.2.1 Diesel Propulsion
    • 5.2.2 Water-Jet Propulsion
    • 5.2.3 Gas Turbine Propulsion
    • 5.2.4 Hybrid Propulsion
    • 5.2.5 Nuclear Propulsion
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 South Korea
    • 5.3.3.4 Australia
    • 5.3.3.5 Japan
    • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 Latin America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Mexico
    • 5.3.4.3 Rest of Latin America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 United Arab Emirates
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 Egypt
    • 5.3.5.4 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Rolls-Royce Holdings PLC
    • 6.2.2 General Electric Company
    • 6.2.3 STX Engine Co. Ltd
    • 6.2.4 STEYR MOTORS Betriebs GmbH
    • 6.2.5 Cummins Inc.
    • 6.2.6 MAN Energy Solutions SE (Man SE)
    • 6.2.7 NPO-Saturn JSC (Rostec State Corporation)
    • 6.2.8 Mitsubishi Heavy Industries Ltd
    • 6.2.9 Volvo Penta
    • 6.2.10 Caterpillar Inc.
    • 6.2.11 Brunswick Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Military Marine Vessel Engines Industry Segmentation

The military marine vessel engines are used to power the ship using a mechanical system that can produce thrust to propel a ship or boat across water. The most widely used marine propulsion system in terms of propulsion systems that convert thermal energy into mechanical energy is the diesel propulsion system. Diesel propulsion systems are mainly used in almost all types of vessels along with small boats and recreational vessels.

The military marine vessel engines market is segmented by vessel type, propulsion system, and geography. By vessel type, the market is segmented into naval carriers, destroyers, frigates, submarines, and other vessel types. By propulsion system, the market is segmented into diesel propulsion, water-jet propulsion, gas turbine propulsion, hybrid propulsion, and nuclear propulsion. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market sizing and forecasts have been provided in value (USD Million) for all the above segments.

Vessel Type Naval Carriers
Destroyers
Frigates
Submarines
Other Vessel Types
Propulsion System Diesel Propulsion
Water-Jet Propulsion
Gas Turbine Propulsion
Hybrid Propulsion
Nuclear Propulsion
Geography North America United States
Canada
Europe Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific China
India
South Korea
Australia
Japan
Rest of Asia-Pacific
Latin America Brazil
Mexico
Rest of Latin America
Middle-East and Africa United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle-East and Africa
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Military Marine Vessel Engines Market Research FAQs

What is the current Military Marine Vessel Engines Market size?

The Military Marine Vessel Engines Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Military Marine Vessel Engines Market?

Rolls-Royce Holdings plc, General Electric Company, STX Engine Co., Ltd., STEYR MOTORS Betriebs GmbH and Cummins Inc. are the major companies operating in the Military Marine Vessel Engines Market.

Which is the fastest growing region in Military Marine Vessel Engines 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 Marine Vessel Engines Market?

In 2025, the North America accounts for the largest market share in Military Marine Vessel Engines Market.

What years does this Military Marine Vessel Engines Market cover?

The report covers the Military Marine Vessel Engines Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Military Marine Vessel Engines Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Military Marine Vessel Engines Industry Report

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