- Corvettes
- Submarines
- Destroyers
- Frigates
- Others
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).
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
It is noticed that the global naval vessels MRO market has a significant market growth rate on perspective of increasing focus on keeping naval fleets combat-ready. The Indian Navy has significantly increased its deployment in the Indian Ocean Region, in an attempt to send across a message to China in the wake of escalation in tension between the two countries over the border row in eastern Ladakh. A carrier battle group is a mega naval fleet comprising an aircraft carrier, accompanied by a large number destroyers, frigates and other ships.
The naval vessels mro market is projected to expand at a CAGR of 2.4% during the forecast period
Northrop Grumman Corporation, General Dynamics Corporation, BAE Systems Inc., Lockheed Martin, Huntington Ingalls Industries, URS Corporation
North America is the fastest-growing region for naval vessels mro market
1. Executive Summary |
2. Global Naval Vessels MRO Market Introduction |
2.1. Global Naval Vessels MRO Market – Taxonomy |
2.2. Global Naval Vessels MRO Market –Definitions |
2.2.1. Vessel Type |
2.2.2. MRO Type |
2.2.3. MRO Service |
3. Global Naval Vessels MRO Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Naval Vessels MRO Market Dynamic Factors - Impact Analysis |
3.6. Global Naval Vessels MRO Market – Competition Landscape |
4. Global Naval Vessels MRO Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 |
4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Naval Vessels MRO Market, By Vessel Type, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.1. Corvettes |
5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Submarines |
5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Destroyers |
5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Frigates |
5.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Naval Vessels MRO Market Forecast, By MRO Type, 2017 - 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn) |
6.1. Component MRO |
6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Engine MRO |
6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Regular Maintenance MRO |
6.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Dry Dock MRO |
6.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Naval Vessels MRO Market Forecast, By MRO Service, 2017 - 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn) |
7.1. Maintenance & Repair (MR) |
7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Baseline Overhaul (BOH) |
7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Regular Overhaul (ROH) |
7.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Complex Overhaul (COH) |
7.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Integrated Logistics Overhaul (ILO) |
7.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Others |
7.6.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
8. Global Naval Vessels MRO Market Forecast, By End User, 2017 - 2021 and Forecast, 2022 - 2028 |
8.1. Academic and Research Institutes |
8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. BioMRO Type and Pharmaceutical Companies |
8.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Contract Research Organizations |
8.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Others |
8.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
9. Global Naval Vessels MRO Market Forecast, By Region, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Naval Vessels MRO Market - Opportunity Analysis Index, By Vessel Type, MRO Type, MRO Service, End User and Region, 2022 - 2028 |
10. North America Naval Vessels MRO Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
10.1. Vessel Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Corvettes |
10.1.2. Submarines |
10.1.3. Destroyers |
10.1.4. Frigates |
10.1.5. Others |
10.2. MRO Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Component MRO |
10.2.2. Engine MRO |
10.2.3. Regular Maintenance MRO |
10.2.4. Dry Dock MRO |
10.2.5. Others |
10.3. MRO Service Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Maintenance & Repair (MR) |
10.3.2. Baseline Overhaul (BOH) |
10.3.3. Regular Overhaul (ROH) |
10.3.4. Complex Overhaul (COH) |
10.3.5. Integrated Logistics Overhaul (ILO) |
10.3.6. Others |
10.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. USA |
10.4.2. Canada |
10.5. North America Naval Vessels MRO Market - Opportunity Analysis Index, By Vessel Type, MRO Type, MRO Service and Country, 2022 - 2028 |
10.6. North America Naval Vessels MRO Market Dynamics – Trends |
11. Europe Naval Vessels MRO Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
11.1. Vessel Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Corvettes |
11.1.2. Submarines |
11.1.3. Destroyers |
11.1.4. Frigates |
11.1.5. Others |
11.2. MRO Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Component MRO |
11.2.2. Engine MRO |
11.2.3. Regular Maintenance MRO |
11.2.4. Dry Dock MRO |
11.2.5. Others |
11.3. MRO Service Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Maintenance & Repair (MR) |
11.3.2. Baseline Overhaul (BOH) |
11.3.3. Regular Overhaul (ROH) |
11.3.4. Complex Overhaul (COH) |
11.3.5. Integrated Logistics Overhaul (ILO) |
11.3.6. Others |
11.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Germany |
11.4.2. UK |
11.4.3. France |
11.4.4. Spain |
11.4.5. Italy |
11.4.6. Russia |
11.4.7. Poland |
11.4.8. Rest of Europe |
11.5. Europe Naval Vessels MRO Market - Opportunity Analysis Index, By Vessel Type, MRO Type, MRO Service and Country, 2022 - 2028 |
11.6. Europe Naval Vessels MRO Market Dynamics – Trends |
12. Asia-Pacific Naval Vessels MRO Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
12.1. Vessel Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Corvettes |
12.1.2. Submarines |
12.1.3. Destroyers |
12.1.4. Frigates |
12.1.5. Others |
12.2. MRO Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Component MRO |
12.2.2. Engine MRO |
12.2.3. Regular Maintenance MRO |
12.2.4. Dry Dock MRO |
12.2.5. Others |
12.3. MRO Service Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Maintenance & Repair (MR) |
12.3.2. Baseline Overhaul (BOH) |
12.3.3. Regular Overhaul (ROH) |
12.3.4. Complex Overhaul (COH) |
12.3.5. Integrated Logistics Overhaul (ILO) |
12.3.6. Others |
12.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Japan |
12.4.2. China |
12.4.3. India |
12.4.4. ASEAN |
12.4.5. Australia & New Zealand |
12.4.6. Rest of Asia-Pacific |
12.5. Asia-Pacific Naval Vessels MRO Market - Opportunity Analysis Index, By Vessel Type, MRO Type, MRO Service and Country, 2022 - 2028 |
12.6. Asia-Pacific Naval Vessels MRO Market Dynamics – Trends |
13. Latin America Naval Vessels MRO Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
13.1. Vessel Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Corvettes |
13.1.2. Submarines |
13.1.3. Destroyers |
13.1.4. Frigates |
13.1.5. Others |
13.2. MRO Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Component MRO |
13.2.2. Engine MRO |
13.2.3. Regular Maintenance MRO |
13.2.4. Dry Dock MRO |
13.2.5. Others |
13.3. MRO Service Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Maintenance & Repair (MR) |
13.3.2. Baseline Overhaul (BOH) |
13.3.3. Regular Overhaul (ROH) |
13.3.4. Complex Overhaul (COH) |
13.3.5. Integrated Logistics Overhaul (ILO) |
13.3.6. Others |
13.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Brazil |
13.4.2. Mexico |
13.4.3. Argentina |
13.4.4. Rest of Latin America |
13.5. Latin America Naval Vessels MRO Market - Opportunity Analysis Index, By Vessel Type, MRO Type, MRO Service and Country, 2022 - 2028 |
13.6. Latin America Naval Vessels MRO Market Dynamics – Trends |
14. Middle East and Africa Naval Vessels MRO Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
14.1. Vessel Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Corvettes |
14.1.2. Submarines |
14.1.3. Destroyers |
14.1.4. Frigates |
14.1.5. Others |
14.2. MRO Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.2.1. Component MRO |
14.2.2. Engine MRO |
14.2.3. Regular Maintenance MRO |
14.2.4. Dry Dock MRO |
14.2.5. Others |
14.3. MRO Service Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Maintenance & Repair (MR) |
14.3.2. Baseline Overhaul (BOH) |
14.3.3. Regular Overhaul (ROH) |
14.3.4. Complex Overhaul (COH) |
14.3.5. Integrated Logistics Overhaul (ILO) |
14.3.6. Others |
14.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Gulf Cooperation Council (GCC) Countries |
14.4.2. Israel |
14.4.3. South Africa |
14.4.4. Rest of MEA |
14.5. MEA Naval Vessels MRO Market - Opportunity Analysis Index, By Vessel Type, MRO Type, MRO Service and Country, 2022 - 2028 |
14.6. MEA Naval Vessels MRO Market Dynamics – Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Vessel Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Northrop Grumman Corporation |
15.2.2. General Dynamics Corporation |
15.2.3. BAE Systems Inc. |
15.2.4. Lockheed Martin |
15.2.5. Huntington Ingalls Industries |
15.2.6. URS Corporation |
15.2.7. Raytheon Company |
15.2.8. Saab AB |
15.2.9. Rockwell Collins |
15.2.10. Elbit Systems Ltd. |
15.2.11. Chidambaram Shipcare Pvt Ltd. |
15.2.12. V Group Limited |
16. Research Methodology |
17. Key Assumptions and Acronyms |