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Naval Vessels MRO Market

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Global Naval Vessel MRO Market: Information by Vessel Type (Submarines, Frigates, Corvettes, Aircraft Carrier, Destroyers, and Other Vessel Types), by MRO Type (Engine MRO, Dry Dock MRO, Component MRO, and Modification), and by Region (North America
Naval Vessels MRO Market
Analysis by Product Type, Application, Regional Outlook, Technology, Opportunities and Forecast in
the Coming Years
Global Naval Vessels MRO Market Size, Share, Growth and Information, By Vessel Type (Submarine,
Frigates, Corvettes, Destroyers and Others), By MRO Type (Engine MRO, Dry Dock MRO, Regular
Maintenance MRO and Component MRO) and By Region - Forecast to 2023
The naval vessels MRO market is expected to grow at 9% CAGR during the period 2017 to 2023.
Scope of the Report:
This study provides an overview of the global naval vessel MRO market, tracking two market segments
across five geographic regions. The report covers key players, providing a five-year annual trend analysis
that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC), Latin
America and Middle East & Africa. The report also provides a forecast, focusing on the market
opportunities for the next 6 years for each region. The scope of the study segments the global naval
vessel MRO market by its vessel type, MRO type, and regions.
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Market Scenario:
Naval vessels MRO is crucial for sustaining and extending the life of a vessel. It comprises maintenance,
overhauls, routine checks, inspections, repairs, and modifications carried out on a vessel and their
components. MRO services assure the safety and airworthiness of naval vessels. Unmanned underwater
vehicles (UUVs) are considered as the next generation of naval combat systems to be deployed by the
defense authorities globally. These UUVs are used as force multipliers and C4ISR systems for target
recognition, damage assessment, and in electronic warfare. They also offer services such as light
amplification by stimulated emission of radiation (LASER) and global positioning systems (GPS), which
aid in intelligence, surveillance, and reconnaissance (ISR) missions. Global defense departments are
procuring UUVs to reduce naval troop casualties and capital expenditure, and to replace obsolete
manned underwater vehicles and submarines. The demand for naval MRO outsourcing and increasing
investments in naval combat systems are the primary key drivers of the market.
Segmentation:
By Vessel Type
• Submarine
• Frigates
• Corvettes
• Destroyers
•
Others
By MRO Type
• Engine MRO
• Dry Dock MRO
• Regular Maintenance MRO
• Component MRO
By Region
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa
Key Players:
The prominent players in the global naval vessel MRO market include BAE Systems (UK), General
Dynamics (US), Huntington Ingalls Industries (US), Lockheed Martin (US), Northrop Grumman (US), Elbit
Systems (Israel), Raytheon (US), Rockwell Collins (US), Saab (Sweden), and URS Corporation(US).
Regional Analysis:
Geographically, the market has been segmented into five major regions, as North America, Europe, AsiaPacific, Latin America and Middle East & Africa. Among them, North America has accounted the largest
market in terms of revenue in 2016 followed by APAC and Europe.
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