The Global Nuclear Powered Naval Vessels Market size was valued at around USD 24.6 billion in 2024 and is projected to reach USD 33.92 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.50% during the forecast period, i.e., 2025-30.                    

Global Nuclear Powered Naval Vessels Market Driver:

Rising Geopolitical Tensions – In recent years, the market demand has grown due to the increasing geopolitical tensions between countries, such as the United States, China, India, Russia, South Korea, and France etc. These kinds of tensions have increased the requirement for a strong military basis to protect their respective nations, and nuclear-powered naval vessels are the best alternative to this solution, as they can remain underwater for long hours and carry important weapons for longer distances.

For instance, the recent example of the South China Sea and Indo-Pacific region has led to tensions in many countries, including the U.S., China, Japan, Australia, etc., which have increased the naval presence with nuclear power in these countries. Similarly, during the Russia-Ukraine war (2022), Russia has used a substantial amount of naval ships and submarines powered by nuclear energy, such as Yasen-M Class submarines in the Black Sea, to support military actions.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Nuclear Powered Naval Vessels Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Type
• Surface Vessels– Market Size & Forecast 2020-2030, USD Million
• Submerged Vessels– Market Size & Forecast 2020-2030, USD Million
• By Reactor Type
• Pressurized Water Reactor (PWR) – Market Size & Forecast 2020-2030, USD Million
• Boiling Water Reactor (BWR) – Market Size & Forecast 2020-2030, USD Million
• By Application
• Defense– Market Size & Forecast 2020-2030, USD Million
• Transportation– Market Size & Forecast 2020-2030, USD Million
• Research & Scientific Applications– Market Size & Forecast 2020-2030, USD Million
• Others– Market Size & Forecast 2020-2030, USD Million
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   General Dynamics Electric Boat, Huntington Ingalls Industries, BAE Systems, Naval Group, China State Shipbuilding Corporation (CSSC), Austal Ltd., Babcock International Group Plc, BWX Technologies, Inc., Kongsberg Gruppen ASA, Thales Group, Rosatom, United Shipbuilding Corporation, Kawasaki Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME), Mitsubishi Heavy Industries

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