Global Military Marine Vessel Engines Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Vessel Type;

Naval Carriers, Destroyers, Frigates, Submarines, and Others

By Propulsion System;

Diesel Propulsion, Water-Jet Propulsion, Gas Turbine Propulsion, Hybrid Propulsion, and Nuclear Propulsion

By Engine Type;

Internal Combustion Engine, Gas Turbine Engine, Hybrid Engine, and Electric Engine

By Application;

Combat Operations, Patrol Operations, Transport Operations, and Training

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn130690429 Published Date: May, 2025 Updated Date: June, 2025

Military Marine Vessel Engines Market Overview

Military Marine Vessel Engines Market (USD Million)

Military Marine Vessel Engines Market was valued at USD 12,875.78 million in the year 2024. The size of this market is expected to increase to USD 15,943.52 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.1%.


Global Military Marine Vessel Engines Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 3.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.1 %
Market Size (2024)USD 12,875.78 Million
Market Size (2031)USD 15,943.52 Million
Market ConcentrationHigh
Report Pages384
12,875.78
2024
15,943.52
2031

Major Players

  • Rolls-Royce Holdings PLC
  • General Electric Company
  • STX Engine Co. Ltd
  • STEYR MOTORS Betriebs GmbH
  • Cummins Inc
  • MAN Energy Solutions SE (Man SE)
  • NPO-Saturn JSC (Rostec State Corporation)
  • Mitsubishi Heavy Industries Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Military Marine Vessel Engines Market

Fragmented - Highly competitive market without dominant players


The Military Marine Vessel Engines Market is witnessing significant technological advancements. The adoption of hybrid propulsion systems has increased by over 35%, while gas turbine adoption has grown by nearly 28%. This shift aims to enhance operational efficiency and reduce maintenance costs. Additionally, dual-fuel engines usage has surged by 22%, reflecting a trend towards sustainable and flexible power solutions.

Performance Innovations
The market is driven by the rising demand for high-performance engines capable of supporting modern naval vessels. With engine output efficiency improving by over 30%, manufacturers focus on incorporating digital monitoring systems to optimize engine performance. These enhancements aim to provide greater reliability in harsh environments.

Advanced Technologies
The incorporation of automated diagnostics has risen by 20%, enabling real-time monitoring and reducing downtime. Additionally, there’s an increased focus on modular engine configurations, which has seen a growth of over 15%. This enables more flexible maintenance and engine customization, supporting mission-specific requirements.

Market Outlook
Overall, the market shows strong momentum towards eco-friendly propulsion systems, with hybrid and electric power solutions growing by 32%. The emphasis on engine modularity, high efficiency, and sustainable practices reflects the evolving needs of the modern military marine sector. This transformation is set to redefine the operational dynamics of naval vessel engines.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vessel Type
    2. Market Snapshot, By Propulsion System
    3. Market Snapshot, By Engine Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Military Marine Vessel Engines Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Modernization and Upgradation Initiatives
        2. Increasing Maritime Security Concerns
        3. Emphasis on Expeditionary Operations
      2. Restraints
        1. Regulatory Compliance
        2. Geopolitical Uncertainty
        3. Shift towards Alternative Propulsion Technologies
      3. Opportunities
        1. Integration of Advanced Propulsion Technologies
        2. Focus on Research and Development
        3. Embrace of Digitalization and Predictive Maintenance
    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 Marine Vessel Engines Market, By Vessel Type, 2021 - 2031 (USD Million)
      1. Naval Carriers
      2. Destroyers
      3. Frigates
      4. Submarines
      5. Others
    2. Military Marine Vessel Engines Market, By Propulsion System, 2021 - 2031 (USD Million)
      1. Diesel Propulsion
      2. Water-Jet Propulsion
      3. Gas Turbine Propulsion
      4. Hybrid Propulsion
      5. Nuclear Propulsion
    3. Military Marine Vessel Engines Market, By Engine Type, 2021 - 2031 (USD Million)

      1. Internal Combustion Engine

      2. Gas Turbine Engine

      3. Hybrid Engine

      4. Electric Engine

    4. Military Marine Vessel Engines Market, By Application, 2021 - 2031 (USD Million)

      1. Combat Operations

      2. Patrol Operations

      3. Transport Operations

      4. Training

    5. Military Marine Vessel Engines 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 America
  6. Competitive Landscape
    1. Company Profiles
      1. Rolls-Royce Holdings PLC
      2. General Electric Company
      3. STX Engine Co. Ltd
      4. STEYR MOTORS Betriebs GmbH
      5. Cummins Inc
      6. MAN Energy Solutions SE (Man SE)
      7. NPO-Saturn JSC (Rostec State Corporation)
      8. Mitsubishi Heavy Industries Ltd
  7. Analyst Views
  8. Future Outlook of the Market