Military Frigates Market

By System;

Anti-Submarine, Anti-Ship and Anti-Air Defense

By Application;

Military & Defense and Law Enforcement

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn978993629 Published Date: September, 2025 Updated Date: November, 2025

Military Frigates Market Overview

Military Frigates Market (USD Million)

Military Frigates Market was valued at USD 24,046.51 million in the year 2024. The size of this market is expected to increase to USD 29,174.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.8%.


Military Frigates Market

*Market size in USD million

CAGR 2.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.8 %
Market Size (2024)USD 24,046.51 Million
Market Size (2031)USD 29,174.53 Million
Market ConcentrationHigh
Report Pages375
24,046.51
2024
29,174.53
2031

Major Players

  • BAE Systems plc
  • Fincantieri SpA
  • Naval Group
  • Damen Shipyards Group
  • Lrssen
  • thyssenkrupp AG
  • United Shipbuilding Corporation
  • Rosoboronexport

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Military Frigates Market

Fragmented - Highly competitive market without dominant players



The Military Frigates Market continues to gain momentum as global focus intensifies on maritime security and naval fleet modernization. Known for their multi-functional roles in anti-submarine warfare, surface combat, and air defense operations, frigates have become indispensable assets. Currently, about 55% of new naval acquisitions feature frigates, showcasing their pivotal role in modern defense strategies.

Advances in Combat Technologies
Technological progress is transforming frigates into highly capable combat platforms. Approximately 60% of recent naval technology upgrades emphasize stealth design, missile systems, and advanced radar integration for frigates. These enhancements improve combat readiness, survivability, and operational effectiveness in complex maritime environments.

Preference for Versatile Warships
Modern navies are leaning toward multi-role frigates capable of performing diverse missions within a single platform. Around 50% of operational fleets now include frigates designed for simultaneous mission execution, offering both cost efficiency and operational flexibility. This shift reflects the growing preference for versatile vessels that optimize defense investments.

Upgrades Driving Market Growth
Alongside new shipbuilding, naval forces are investing heavily in frigate modernization programs. More than 45% of ongoing fleet upgrades involve propulsion enhancements, digital combat systems, and next-generation weapons. These measures extend the service life of existing ships while boosting their efficiency and reducing operational costs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By System
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Military Frigates Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Modernization Initiatives
        2. Geopolitical Tensions
        3. Focus on Maritime Security
        4. Technological Advancements
      2. Restraints
        1. Budget Constraints
        2. Complex Procurement Processes
        3. Technological Challenges
        4. Maintenance and Lifecycle Costs
      3. Opportunities
        1. Export Opportunities
        2. Technological Innovation
        3. Collaborative Programs
        4. Upgrades and Modernization
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Military Frigates Market, By System, 2021 - 2031 (USD Million)
      1. Anti-Submarine
      2. Anti-Ship
      3. Anti-Air Defense
    2. Military Frigates Market, By Application, 2021 - 2031 (USD Million)
      1. Military & Defense
      2. Law Enforcement
    3. Military Frigates Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin Americe
  6. Competitive Landscape
    1. Company Profiles
      1. BAE Systems plc
      2. Fincantieri S.p.A.
      3. Naval Group
      4. Lockheed Martin Corporation
      5. General Dynamics Corporation
      6. thyssenkrupp AG (TKMS / Marine Systems)
      7. Austal Limited
      8. United Shipbuilding Corporation
      9. Damen Shipyards Group
      10. Lürssen
      11. Rosoboronexport
      12. China State Shipbuilding Corporation (CSSC)
      13. Navantia (Spain)
      14. Mitsubishi Heavy Industries (for export frigates)
      15. HII (Huntington Ingalls Industries)
  7. Analyst Views
  8. Future Outlook of the Market