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Global Maritime Patrol Naval Vessels Market 2017-2021

Global Maritime Patrol Naval Vessels Market 2017-2021

About Maritime Patrol Naval Vessels

The maritime naval force of a country’s defense sector commands and controls waterborne vessels that are deployed for surface water or underwater warfare. Such vessels are used to secure the ocean waters surrounding a country’s land from external interference. Ocean waters provide access to aquatic food and marine trade routes. They also hold access to resources like sea floor earth materials and underwater oil wells. Naval vessels are used to protect these resources from exploitation by foreign bodies as well as the facilities dedicated to exploring these resources. A country’s naval force also provides security and escort services to the commercial ships that tread through the tidal trade routes in proximity to the country’s coasts.

Technavio’s analysts forecast the global maritime patrol naval vessels market to grow at a CAGR of 3.13% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global maritime patrol naval vessels market for 2017-2021. To calculate the market size, the report considers the new procurements and developments.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Maritime Patrol Naval Vessels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Austal
  • BAE Systems
  • Damen Shipyards
  • DCNS
  • FINCANTIERI
Other prominent vendors
  • Goa Shipyard
  • Fr. Lürssen Werft
  • Hyundai Heavy Industries
  • MITSUBISHI HEAVY INDUSTRIES
  • Navantia
  • Saab
Market driver
  • Fortifying maritime security
  • For a full, detailed list, view our report
Market challenge
  • Mid-life upgrade of older vessels delaying procurement of new vessels
  • For a full, detailed list, view our report
Market trend
  • Development of multi-purpose patrol vessel
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Maritime Patrol Naval Vessels Market 2017-2021

Technavio recognizes the following companies as the key players in the global maritime patrol naval vessels market: Austal, BAE Systems, Damen Shipyards, DCNS, and FINCANTIERI.

Other Prominent Vendors in the market are: Goa Shipyard, Fr. Lürssen Werft, Hyundai Heavy Industries, MITSUBISHI HEAVY INDUSTRIES, Navantia, and Saab.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of multi-purpose patrol vessel. With the expansion of military missions, nations have turned their attention toward the development of multi-purpose patrol vessels that can be deployed for various operations. The mission capabilities of multi-purpose patrol vessels include patrolling, surface combat, anti-piracy, monitoring, protection and control of maritime zones, rescue of personnel in distress, and other customized capabilities as per the requirements of the buyer.”

According to the report, one of the major drivers for this market is Fortifying maritime security. The need to fortify maritime security owing to the rising territorial water zone disputes between countries and the growing security concerns for trade through sea routes are expected to drive the market for patrol vessels. Marine transport is extensively used for travel and transportation, especially for cargo shipments. This mode of conveyance is used for exporting and importing high-volume inventories including cars, food and beverages, oil, and even military weapons. The value, sensitivity, and hazardous nature of such contents make the cargo ships vulnerable to attacks of theft of cargo contents or to cause damage and spill contents. The modern maritime risks to cargo ships range from sea terrorism, sea hijacking, to deadly offshore armed piracy.

Further, the report states that one of the major factors hindering the growth of this market is Mid-life upgrade of older vessels delaying procurement of new vessels. Many naval forces across the world are planning modernization programs for naval fleets rather than procuring new vessels owing to budgetary constraints and delays in replacement procedures. For instance, the Armed Forces of Malta awarded FINCANTIERI a contract to upgrade the components of their OPV P61 in 2016. The upgrades include improved board systems for better reaction capability of the unit, which will require an estimated cost of EUR7 million ($7.79 million).

Companies Mentioned

Austal, BAE Systems, Damen Shipyards, DCNS, and FINCANTIERI.

Other Prominent Vendors in the market are: Goa Shipyard, Fr. Lürssen Werft, Hyundai Heavy Industries, MITSUBISHI HEAVY INDUSTRIES, Navantia, and Saab.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Classification of naval vessels
  • Market landscape
    • Market overview
      • Table Global maritime patrol naval vessels market segmentation
    • Market size and forecast
      • Table Global maritime patrol naval vessels market 2016-2021 ($ billions)
      • Table Classification of maritime naval security and threats
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global maritime patrol naval vessels market share by product type 2016 and 2021 (%)
    • Table Global maritime patrol naval vessels market segmentation by product type 2016- 2021 ($ billions)
    • Global manned maritime patrol vessels market
      • Table Global manned maritime patrol vessels market 2016-2021 ($ billions)
    • Global unmanned maritime patrol vessels market
      • Table Global unmanned maritime patrol vessels market 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global maritime patrol naval vessels market share by geography 2016 and 2021 (%)
      • Table Global maritime patrol naval vessels market segmentation by geography 2016-2021 ($ billions)
    • Maritime patrol naval vessels market in APAC
      • Table Maritime patrol naval vessels market in APAC 2016-2021 ($ billions)
    • Maritime patrol naval vessels market in Americas
      • Table Maritime patrol naval vessels market in Americas 2016-2021 ($ billions)
    • Maritime patrol naval vessels market in EMEA
      • Table Maritime patrol naval vessels market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Development of multi-purpose patrol vessel
    • Requirement for ice-breaking patrol vessels
    • Joint shipbuilding programs with technologytransfer agreements
  • Vendor landscape
    • Competitive scenario
      • Table Key competitors in global maritime patrol naval vessels market
  • Key vendor analysis
    • Austal
      • Table Austal: Business segmentation by revenue 2016 (%)\
      • Table Austal: Key products
    • BAE Systems
      • Table BAE Systems: Business segmentation by revenue 2016 (%)\
      • Table BAE Systems: Key products
    • Damen Shipyards
      • Table Damen Shipyards: Business segmentation by revenue 2015 (%)
      • Table Damen Shipyards: Key products
    • DCNS
      • Table DCNS: Geographical segmentation by revenue 2016 (%)
      • Table DCNS: Key products
    • FINCANTIERI
      • Table FINCANTIERI: Business segmentation by revenue 2016 (%)
      • Table FINCANTIERI: Key products
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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