Naval Vessels MRO Market: By Vessel Type (Corvettes, Submarines, Destroyers, Frigates, Others) By MRO Type (Component MRO, Engine MRO, Regular Maintenance MRO, Dry Dock MRO, Others) By MRO Service (Maintenance & Repair (MR), Baseline Overhaul (BOH), Regular Overhaul (ROH), Complex Overhaul (COH), Integrated Logistics Overhaul (ILO), Others) and Geography  

Naval Vessels MRO Market Size is expected to be valued at USD 58.6 billion in 2022 and growing at a CAGR of 2.4% over the forecast period by 2028. The key drivers include an increase in investments, increase in adoption of C4ISR systems, rise in AUVs application. Maintenance-intensive vessel retirement and environmental hazards are factors that can inhibit the growth of the market. Technologies, such as the Internet of Things provide significant opportunities to the global market. The report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global naval vessels MRO market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global naval vessels MRO market. Key Developments: In February 2019, BAE Systems signed a contract worth USD 114.5 million with the US Navy to provide maintenance and modernization services for the US Navy's guided-missile destroyer, USS Bulkeley (DDG 84). In January 2019, BAE Systems signed a contract worth USD 78.8 million with the US Navy to provide maintenance and modernization services for the US Navy's USS Shoup (DDG 86), a guided-missile destroyer (DDG).