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  

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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).

Naval Vessels Mro Market Summary

Study Period

2023-29

Base Year

2022

CAGR

2.4%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Naval Vessels MRO Market Growth

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.

Key Features of the Reports

  • The naval vessels MRO market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Naval Vessels Mro Market Segmentation

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

Frequently Asked Questions

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
  • Northrop Grumman Corporation
  • General Dynamics Corporation
  • BAE Systems Inc.
  • Lockheed Martin
  • Huntington Ingalls Industries
  • URS Corporation
  • Raytheon Company
  • Saab AB
  • Rockwell Collins
  • Elbit Systems Ltd.
  • Chidambaram Shipcare Pvt Ltd.
  • V Group Limited