Nuclear Powered Naval Vessels Market 2030: Key Companies, Player Strategies & Forecast

Global Nuclear Powered Naval Vessels Market Size & Insights

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.

The Nuclear Powered Naval Vessels Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Nuclear Powered Naval Vessels.

What are the Key DRO in the Global Nuclear Powered Naval Vessels Market?

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.

What are the Key Segments in the Nuclear Powered Naval Vessels Market?

The Nuclear Powered Naval Vessels is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

-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 Type

Surface Vessels
Submerged Vessels

Between the two, the submerged vessels are the preferred vessel type, accounting for more than 55% market share. The dominance is due to the high stealth and survivability of submerged vessels over surface vessels.

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-By Reactor Type

Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)

Among these, the Pressurized Water Reactor (PWR) is dominating this market and holds about 80% of the entire market value. PWR reactors are preferred over BWR due to their safe, reliable, and compact designs.

How does geographical analysis highlight in the Saudi Arabia Online Grocery Delivery market?

-By Region

North America
South America
Europe
Asia-Pacific

North America holds the largest market share of about 40%. The dominance is due to the presence of the world’s largest nuclear navy in the United States, as compared to other countries.

Who are the Key Players in Nuclear Powered Naval Vessels Market?

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
Others

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Nuclear Powered Naval Vessels Market News

2025: BAE Systems received around $70 million subcontract from Electric Boat to manufacture Virginia Payload Module missile tubes for the Block VI Virginia-class submarines.

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Why This MarkNtel Advisors Research Report:

In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.

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