• 出版社/出版日：Mordor Intelligence / 2021年5月25日
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The Naval Vessel Maintenance, Repair, and Overhaul (MRO) Market was valued at about USD 53 billion in 2020 and is projected to grow with a CAGR of about 1% during the forecast period (2021 – 2030).
The market of naval vessel maintenance, repair, and overhaul (MRO) was slightly affected due to the COVID-19 pandemic resulting in lockdown implemented for precaution against the spread of the virus. However, due to the pandemic, the military budgets are expected to decrease in the coming years, which might hamper the fleet modernization plans of the navies globally.
The pandemic has led to the integration of advanced technologies to perform checks, inspections, and repairs of the existing fleet of naval vessels. Such technological advancements are expected to propel the growth of the market during the forecast period.
The increasing need to maintain, repair, and overhaul the existing fleet of naval vessels worldwide, owing to the increasing maritime disputes, shall lead to a growth in the naval vessel maintenance, repair, and overhaul (MRO) market.
Insufficient funds allocated by the governments for mid-life extension and maintenance of naval vessels can restraint the growth of the market.
Key Market Trends
Other Naval Vessels Segment Dominates the Market in Terms of Market Share
The other naval vessels segment currently has the highest market share in the market due to the large fleet of support vessels like amphibious warfare ships, cruisers, littoral combat ships, mine countermeasure ships, patrol ships, and training vessels among others. In North America alone, the age of naval vessels under the segment is more than 15 years. Due to such high age of support vessels globally the demand for maintenance, repair, and overhaul activity of the segment is expected to grow in the coming years for their safe operations. In addition to MRO demand, the navies are also upgrading the equipment onboard naval vessels with new and advanced payloads that will enhance their capabilities and provide better situational awareness. In this regard, in 2017, the Israeli Navy installed advanced ALPHA (Advanced Lightweight Phased Array) ELM-2258 radar system onboard Saar 4.5 and Saar 5 missile ships to upgrade their operational capabilities. The ALPHA system is a lightweight rotating AESA radar that can will support the detection and classification of naval targets, tracking a large number of maritime and aerial targets, and integration into guided missile systems for defense and attack. Such modernization plans of the navies are expected to accelerate the growth of the segment during the forecast period.
Asia-Pacific Region Held the Highest Market Share in 2020
The Asia-Pacific region currently dominates the market and is expected to continue its dominance during the forecast period. The countries like China, India, and Japan among others are increasing their investments towards strengthening their naval capabilities due to ongoing geopolitical tensions in the region. China is one of the largest navies in the world with 335 naval vessel fleet (2019), about 55% larger than in 2005 with the majority of the fleet is more than 13 years. Similarly, other countries (like India and Japan) are also operating a fleet of aging naval vessels. Due to this, the countries are modernizing their fleet of naval vessels through the integration of advanced technologies (modifications) into the vessels. In this regard, the Australian government announced an investment of USD 75 billion over the next decade to enhance their naval capabilities. Out of the total investment, approximately 1/3rd of the investment is expected towards the improvement and sustainment of its naval vessels. Under this investment, the country plans to upgrade their Hobart Class Destroyers, ANZAC Class Frigates, and country navy’s Amphibious ships as well as invest in upgrade and life extension of the Collins Class submarines that are currently in service (average age more than 20 years). Similar investments into modernization of the naval vessels is anticipated to accelerate the demand for naval vessel MRO in the region in the coming years.
The market of naval vessel MRO is fragmented with the presence of many international and domestic players in the market that support navies around the world. Some of the prominent players in the naval vessel MRO market are General Dynamics Corporation, ThyssenKrupp AG, Naval Group, Damen Shipyards Group, and FINCANTIERI S.p.A. The companies are expanding their presence in the market by incorporating new technologies for decreasing maintenance costs as well as receiving new long-term contracts from navies around the world. In this regard, Indra in collaboration with the Spanish Navy tested new artificial intelligence systems that can predict malfunctions and improve the maintenance for its fleet of F100 frigates and Offshore Patrol Vessels BAM. The development of such new solutions is expected to help the companies, predict and offer efficient MRO services to their customers, thereby increasing their share in the market.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value – USD billion)
5.1 Vessel Type
5.1.4 Aircraft Carrier
5.1.6 Other Vessel Types
5.2 MRO Type
5.2.1 Engine MRO
5.2.2 Dry Dock MRO
5.2.3 Component MRO
5.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Latin America
188.8.131.52 Rest of Latin America
5.3.5 Middle-East and Africa
184.108.40.206 United Arab Emirates
220.127.116.11 Saudi Arabia
18.104.22.168 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 General Dynamics Corporation
6.2.2 Huntington Ingalls Industries Inc.
6.2.3 Lockheed Martin Corporation
6.2.4 NAVANTIA SA
6.2.5 ThyssenKrupp AG
6.2.6 BAE Systems PLC
6.2.7 Naval Group
6.2.8 Rolls-Royce Holdings plc
6.2.9 Rhoads Industries
6.2.10 Abu Dhabi Ship Building Co.
6.2.11 Larsen & Toubro Limited
6.2.12 Damen Shipyards Group
6.2.13 FINCANTIERI S.p.A.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS