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Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Size study, by Vessel Type (Submarines, Frigates, Corvettes, Aircraft Carrier, Destroyers, Other Vessel Types), by MRO Type (Engine MRO, Dry Dock MRO, Component MRO, Modification), and Regional Forecasts 2020-2027

  • BIZ4355445
  • 200 Pages
  • May 2021
  • Aerospace & Defense
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Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market is valued at approximately USD 52.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 1% over the forecast period 2020-2027. The method of returning a naval vessel to a condition that it can operate at its best is known as maintenance, repair, and overhaul (MRO). Throughout their lives, naval warships are exposed to routine repairs. The equipment and services needed for repairs are determined by the platform and the type of repair work to be performed at any given time. The average age of naval vessels in the North America is more than 15 years. Due to the high age of support vessels around the world, the demand for servicing, repair, and overhaul activity is expected to increase in the forecast years to ensure their stable service. Aside from MRO, the navies are updating the facilities aboard naval vessels with modern and improved payloads that will improve their capabilities and situational awareness. In this respect, the Israeli Navy upgraded the operating capability of Saar 4.5 and Saar 5 missile ships in 2017 by installing the advanced ALPHA (Advanced Lightweight Phased Array) ELM-2258 radar system. The ALPHA system is a portable revolving AESA radar that can identify and classify naval targets, monitor a wide range of maritime and aerial targets, and be integrated into guided missile protection and attack systems. During the forecast period, certain navies' modernization plans are expected to accelerate the market growth. However, retirement of maintenance-intensive vessels and environmental hazards, may impede market growth over the forecast period of 2020-2027.

The regional analysis of the global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share due to presence of strong market players, such as Huntington Ingalls Industries, Inc., Northrop Grumman Corporation, and Lockheed Martin Corporation in the region. Whereas Asia Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2020-2027, due to increasing investments towards strengthening the naval capabilities.

Major market player included in this report are:

General Dynamics Corporation

Huntington Ingalls Industries Inc.

Lockheed Martin Corporation

Navantia SA

ThyssenKrupp AG

BAE Systems PLC

Rolls-Royce Holdings plc

Rhoads Industries, Inc.

Abu Dhabi Ship Building Co.

Larsen & Toubro Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vessel Type:

Submarines

Frigates

Corvettes

Aircraft Carrier

Destroyers

Other Vessel Types

By MRO Type:

Engine MRO

Dry Dock MRO

Component MRO

Modification

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027.

Target Audience of the Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, by Region, 2018-2027 (USD Billion)

1.2.2. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, by Vessel Type, 2018-2027 (USD Billion)

1.2.3. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, by MRO Type, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Dynamics

3.1. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.1.1. Increase in outsourcing of naval vessel MRO services

3.1.1.2. High investments in naval combat systems

3.1.2. Market Restraint

3.1.2.1. Environmental hazards

3.1.3. Market Opportunities

3.1.3.1. Integration of Internet of Things (IOT) in MRO

Chapter 4. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, by Vessel Type

5.1. Market Snapshot

5.2. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by Vessel Type, Performance - Potential Analysis

5.3. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Estimates & Forecasts by Vessel Type 2017-2027 (USD Billion)

5.4. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, Sub Segment Analysis

5.4.1. Submarines

5.4.2. Frigates

5.4.3. Corvettes

5.4.4. Aircraft Carrier

5.4.5. Destroyers

5.4.6. Other Vessel Types

Chapter 6. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, by MRO Type

6.1. Market Snapshot

6.2. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by MRO Type, Performance - Potential Analysis

6.3. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Estimates & Forecasts by MRO Type 2017-2027 (USD Billion)

6.4. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, Sub Segment Analysis

6.4.1. Engine MRO

6.4.2. Dry Dock MRO

6.4.3. Component MRO

6.4.4. Modification

Chapter 7. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, Regional Analysis

7.1. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market, Regional Market Snapshot

7.2. North America Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.2.1. U.S. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.2.1.1. Vessel Type breakdown estimates & forecasts, 2017-2027

7.2.1.2. MRO Type breakdown estimates & forecasts, 2017-2027

7.2.2. Canada Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.3. Europe Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Snapshot

7.3.1. U.K. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.3.2. Germany Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.3.3. France Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.3.4. Spain Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.3.5. Italy Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.3.6. Rest of Europe Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.4. Asia-Pacific Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Snapshot

7.4.1. China Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.4.2. India Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.4.3. Japan Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.4.4. Australia Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.4.5. South Korea Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.4.6. Rest of Asia Pacific Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.5. Latin America Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market Snapshot

7.5.1. Brazil Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.5.2. Mexico Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

7.6. Rest of The World Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. General Dynamics Corporation

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. Product Summary

8.2.1.5. Recent Developments

8.2.2. Huntington Ingalls Industries Inc.

8.2.3. Lockheed Martin Corporation

8.2.4. NAVANTIA SA

8.2.5. ThyssenKrupp AG

8.2.6. BAE Systems PLC

8.2.7. Rolls-Royce Holdings plc

8.2.8. Rhoads Industries, Inc.

8.2.9. Abu Dhabi Ship Building Co.

8.2.10. Larsen & Toubro Limited

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

List of Tables

TABLE 1. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market , report scope

TABLE 2. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by region 2017-2027 (USD Billion)

TABLE 3. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by Vessel Type 2017-2027 (USD Billion)

TABLE 4. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by MRO Type 2017-2027 (USD Billion)

TABLE 5. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by Aircraft Seating Class 2017-2027 (USD Billion)

TABLE 6. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 7. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 8. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 9. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 10. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 11. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 12. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 13. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 14. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 15. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 16. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 17. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 18. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 19. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 20. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 21. Global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 22. U.S. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 23. U.S. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 24. U.S. Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 25. Canada Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 26. Canada Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 27. Canada Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 28. UK Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 29. UK Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 30. UK Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 31. Germany Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 32. Germany Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 33. Germany Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 34. France Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 35. France Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 36. France Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 37. Spain Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 38. Spain Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 39. Spain Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 40. Italy Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 41. Italy Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 42. Italy Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 43. ROE Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 44. ROE Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 45. ROE Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 46. China Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 47. China Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 48. China Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 49. India Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 50. India Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 51. India Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 52. Japan Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 53. Japan Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 54. Japan Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 55. Australia Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 56. Australia Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 57. Australia Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 58. South Korea Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 59. South Korea Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 60. South Korea Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 61. ROPAC Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 62. ROPAC Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 63. ROPAC Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 64. Brazil Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 65. Brazil Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 66. Brazil Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 67. Mexico Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 68. Mexico Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 69. Mexico Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 70. ROLA Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 71. ROLA Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 72. ROLA Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 73. ROW Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 74. ROW Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 75. ROW Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 76. List of secondary sources used in the study of global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market .

TABLE 77. List of primary sources used in the study of global Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market .

TABLE 78. Years considered for the study.

TABLE 79. Exchange rates considered.

 
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