Market Research Logo

Global Naval Vessels MRO Market 2017-2021

Global Naval Vessels MRO Market 2017-2021

About Naval Vessels MRO

Naval vessels are differentiated from civilian ships by their design and purpose. Such ships are damage-resilient and armed with weapon systems. The naval vessels maintenance, repair, and overhaul (MRO) market is crucial for sustaining and extending the life of a ship. It involves functions related to the maintenance, overhaul, routine checks, inspection, repair, and modification of a vessel and its components.

Technavio’s analysts forecast the global Naval Vessels MRO market to grow at a CAGR of 9.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global naval vessels MRO market for 2017-2021. To calculate the market size, the report considers the revenue generated from the provision of MRO services to different types of vessels such as submarines, frigates, corvettes, destroyers, and other vessels.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Naval Vessels MRO 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
  • BAE Systems
  • General Dynamics
  • Huntington Ingalls Industries (HII)
  • Lockheed Martin
  • Northrop Grunman
Other prominent vendors
  • Elbit Systems
  • Harris Corporation
  • Raytheon
  • Rockwell Collins
  • Saab
  • URS
Market driver
  • Evolution of electromagnetic and acoustic sensors technologies
  • For a full, detailed list, view our report
Market challenge
  • High maintenance and retrofit cost
  • For a full, detailed list, view our report
Market trend
  • Emergence of 3D printing and usage of composite materials
  • 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Naval Vessels MRO Market 2017-2021
Technavio recognizes the following companies as the key players in the global naval vessels MRO market: BAE Systems, General Dynamics, Huntington Ingalls Industries (HII), Lockheed Martin, and Northrop Grunman
Other Prominent Vendors in the market are: Elbit Systems, Harris Corporation, Raytheon, Rockwell Collins, Saab, and URS.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of 3D printing and usage of composite materials. 3D printing, also known as additive manufacturing, is a technology that enables manufacturers to design and create objects in successive layers of materials by using computer controlled technology. However, the process of 3D printing composite materials has not yet become a conventional method. Several companies have started to use print technologies for the manufacturing of submarines parts and components.”
According to the report, one of the major drivers for this market is evolution of electromagnetic and acoustic sensors technologies. Many countries are investing in their naval defense capabilities by developing advanced acoustic sensors and stealth technologies to retain their dominance in undersea warfare. Countries like China, Russia, and the US are rapidly enhancing the capabilities of their submarines to ensure that vessels remain harder to detect. Acoustic superiority has become the key dominating factor that led to increased investments in sensors and electromagnetic technologies.

Further, the report states that one of the major factors hindering the growth of this market is high maintenance and retrofit cost. The maintenance and retrofitting of naval assets pose diverse and complex challenges to naval agencies across the world. The increase in maritime disputes and geopolitical conflicts compels defense agencies to channelize high investments in refitting their fleet of submarines with ballistic missile defense capabilities. Such circumstances also urge them to establish better maintenance standards for their existing fleets of submarines.

Companies Mentioned

BAE Systems, General Dynamics, Huntington Ingalls Industries (HII), Lockheed Martin, Northrop Grunman, Elbit Systems, Harris Corporation, Raytheon, Rockwell Collins, Saab, and URS.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global naval combat systems market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Segmentation of global naval vessels MRO market 2016
    • Market size and forecast
      • Table Global naval vessels MRO market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market Segmentation by platform type
    • Segmentation of global naval vessels MRO market by platform type
      • Table Segmentation of global naval vessels MRO market by platform type 2016 and 2021 (%)
      • Table Segmentation of global naval vessels MRO market by platform types 2016-2021 ($ millions)
    • Global submarines MRO market
      • Table Global submarines MRO market 2016-2021 ($ millions)
    • Global frigates MRO market
      • Table Global frigates MRO market 2016-2021 ($ millions)
    • Global corvettes MRO market
      • Table Global corvettes MRO market 2016-2021 ($ millions)
    • Global destroyer MRO market
      • Table Global destroyer MRO market 2016-2021 ($ millions)
    • Other vessels MRO market
      • Table Global other vessels MRO market 2016-2021 ($ millions)
  • Geographical segmentation
    • Geographical segmentation of global naval vessels MRO market
      • Table Geographical segmentation of global naval vessels MRO market 2016 and 2021 (%)
      • Table Geographical segmentation of global naval vessels MRO market 2016-2021 ($ millions)
    • Naval vessels MRO market in the Americas
      • Table Naval vessels MRO market in the Americas 2016-2021 ($ millions)
    • Naval vessels MRO market in APAC
      • Table Naval vessels MRO market in APAC 2016-2021 ($ millions)
    • Naval vessels MRO market in EMEA
      • Table Naval vessels MRO market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Operational benefits of fiber-optic arrays over conventional arrays
    • Market challenges
      • Table Annual average operating cost for attack submarines
  • Market trends
    • Emergence of 3D printing and usage of composite materials
      • Table Advantages of 3D printing technologies
    • Growing investments in undersea warfare capabilities
    • Integration of advanced weapon and automated systems
      • Table Utility of advanced automated systems of naval vessels
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors of global naval vessels MRO market 2016
    • BAE Systems
      • Table BAE Systems: Business segmentation by revenue 2016
    • General Dynamics
      • Table General Dynamics: Business segmentation by revenue 2016 (%)
    • Huntington Ingalls Industries (HII)
      • Table HII: Business segmentation by revenue 2016 (%)
    • Lockheed Martin
      • Table Lockheed Martin: Business segmentation by revenue 2016 (%)
    • Northrop Grumman
      • Table Northrop Grumman: Business segmentation 2016 (% share)
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report