Introducing Synapse, the Only Market Intelligence Tool You’ll Ever Need!
--\x3e\n
\n Explore how AI and market research are revolutionizing the relationship between academia and industry! This webinar will highlight the transformative role of data-driven insights in fostering collaboration, driving innovation, and preparing students for thriving careers in a competitive landscape.
We’ll also introduce Synapse, an advanced AI-powered market research platform by Mordor Intelligence, that empowers universities and industries to bridge gaps, unlock real-time insights, and drive impactful innovation.\n
\n
\n
\n \n \x3c!-- section 3--\x3e\n
\n
\n
\n
What We\'ll Cover?
\n
\n
\n
\n
✨ AI & Market Research Insights
\n
Discover how AI is reshaping the landscape of market research, empowering universities to innovate and adapt to real-world challenges.
\n
\n
\n
📈 Real-World Applications
\n
Explore how market research supports product innovation and industry-driven solutions.
\n
\n
\n
💼 Career Pathways
\n
Learn about opportunities in market research and how students can prepare for success.
\n
\n
\n
🧠 AI-Powered Tools for Smarter Decision-Making
\n
See how AI-driven market research platforms like Synapse equip institutions with real-time insights to drive innovation and smarter decisions.
\n
\n
\n
\n
Who Should Attend?
\n
\n
\n
\n
⮞ Business Leaders and Decision-Makers
\n
\n
\n
⮞ Market Intelligence Professionals
\n
\n
\n
⮞ Businesses Requiring Specialized Insights
\n
\n
\n
⮞ Academic and Educational Institutions
\n
\n
\n
\n
\n
\n \x3c!----\x3e\n \x3c!--
\n \n
--\x3e\n
Register Now
\n \x3c!--
Submit the form below to book a demo with a member of our Synapse team.
--\x3e\n
\n \n \n \n \n \n \n \n \n
\n
Select a Time*
\n \n \n
\n
I agree to the terms of service & privacy policy.
\n \n
\n
\n
Thank you! for registering for our upcoming webinar. We’ve received your details and will get back to you shortly.\n
\n
\n
\n \n
\n
\n
\n
\n
\n \n
\n
\n
\n
About The Host
\n Expert Who Will Be Conducting This Seminar\n
\n
\n
\n
\n
What are you waiting for?
\n Don\'t miss this opportunity to see Synapse in action. Reserve your spot today!\n
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.
Want to share this? Click here to share on social media or embed it on your website.
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
*Disclaimer: Major Players sorted in no particular order
Compare market size and growth of
Military Marine Vessel Engines Market with other markets in Aerospace & Defense Industry
Defense
Airport Operations
Aviation
Aerospace & Defense Technology
Air Taxi
Aircraft Parts
Loading the graph. Please wait.
Interact With Data Points To Access Key Markets In The
Aerospace & Defense Industry
By Sub-Category
By Market Size
+ More Filters
Click on data point to dive deeper into the details and uncover valuable insights about each segment.
Thank you!
We've received your request. Our team will be reaching out to you shortly.
Study Period:
CAGR:
Countries/ Region Covered:
Major Players:
Get Free Sample Of This Report
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 Market Trends
Gas Turbine Propulsion Systems to Dominate the Market During the Forecasted Period
The gas turbine propulsion systems segment held the highest share in the market, and continue its domination during the forecasted period due to their optimized fuel economy, higher efficiency, reduction in emission, and also as it decreases fuel consumption in naval vessels. Significant changes in gas turbine design, particularly in the design and complexity of engine control systems, have led to the need for systems-oriented treatment of gas turbine propulsion.
Naval engine manufacturers are rapidly adopting several alternate technologies, such as Liquefied Natural Gas (LNG) and hydrogen-based propulsion systems. While LNG-powered engines are more fuel-efficient, their market share growth is hindered by a lack of bunkering infrastructure for LNG ships. New sophisticated gas turbine propulsion systems are being designed for next-generation naval vessels that are due to be inducted in the future.
For instance, In February 2023, GE India Industrial Pvt Ltd (GEIIPL), the India unit of global engineering giant GE, has been awarded a contract by the Cochin shipyard for the marine gas turbine solutions work for INS Vikrant, India's first indigenously manufactured aircraft carrier commissioned in August 2022.Developments such as these are boosting the growth of the market during the forecasted period.
Understand The Key Trends Shaping This Market
Download PDF
Asia-Pacific Anticipated to Grow at a Significant Pace During the Forecast Period
The Asia-Pacific region is expected to dominate the market during the forecast period. Emerging markets, such as China, South Korea, India, and Japan, are continuously increasing their defense budgets to strengthen their national security. The arms race in the region is evident through the lavish defense budget spending of regional superpowers such as China and India. China envisions becoming the second-largest navy in the world by 2030. Also, since 2000, China's annual defense budget has increased eightfold, and the country has been focusing on indigenous development of amphibious landing craft to reduce its dependence on imported vessels.
The availability of low-cost skilled and unskilled labor and required shipbuilding infrastructure has encouraged the global marine vessel engine manufacturers to set up production units in the region to satiate the demand for new engines that are driven by the procurement plans initiated by the regional naval forces. For instance, In September 2022, Wartsila Corporation announced orders for its newly launched Wartsila 20 engines in China. These engines are equipped with Wartsila NOR NOX emmisions reducer to comply with China's stage II, popularly known as C2, emissions standards.
Get Analysis on Important Geographic Markets
Download PDF
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
Rolls-Royce Holdings plc
General Electric Company
STX Engine Co., Ltd.
STEYR MOTORS Betriebs GmbH
Cummins Inc.
*Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
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
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now
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
Need A Different Region or Segment?
Customize Now
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.
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.
Military Marine Vessel Engines Market Report Snapshots
Military Marine Vessel Engines Market
Get a free sample of this report
Get this Data in a Free Sample of the
Military Marine Vessel Engines Market Report
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
Want to use this image?
Please copy & paste this embed code onto your site:
Images must be attributed to Mordor Intelligence.
Learn more
About The Embed Code
X
Mordor Intelligence's images may only be used with attribution back to Mordor Intelligence. Using the Mordor Intelligence's embed code renders the image with an attribution line that satisfies this requirement.
In addition, by using the embed code, you reduce the load on your web server, because the image will be hosted on the same worldwide content delivery network Mordor Intelligence uses instead of your web server.