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Global Naval Vessels MRO Market 2019-2023 - Product Image

Global Naval Vessels MRO Market 2019-2023

  • ID: 4804043
  • Report
  • Region: Global
  • 136 pages
  • TechNavio
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FEATURED COMPANIES

  • BAE Systems Plc
  • General Dynamics Corp.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • MORE
Global Naval Vessels MRO Market: About this market

Naval vessels MRO services include scheduled and unscheduled maintenance and repairs of naval vessels. The naval vessels MRO market analysis considers sales from aircraft carriers, submarines. destroyers, frigates, amphibious ships, and other vessels. This analysis also considers the sales of naval vessels MRO in APAC, Europe, MEA, North America, and South America. In 2018, the aircraft carriers segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increased cost of maintenance due to bigger size will play a significant role in the aircraft carriers segment to maintain its market position. Also, our global naval vessels MRO market report also looks at factors such as aging fleet and modernization programs of leading naval forces, growing size of naval fleets, and increasing focus on keeping naval fleets combat-ready. However, insufficient capacity to fulfill the demand for MRO services, time and cost overruns in MRO contracts create resource crunch, and cancelation or delays in the acquisition of vessels by naval forces may hamper the growth of the naval vessels MRO industry over the forecast period.

Global Naval Vessels MRO Market: Overview

Increasing focus on keeping naval fleets combat-ready

Maritime claims and terrestrial disputes across the world have led to increasing development and acquisition of naval vessels such as submarines, aircraft carriers. Increasing global conflicts and rivalries may result in a sea-borne attack by an aggressor country, hence global superpowers are focusing on modernizing and upgrading their naval fleet and keeping them combat-ready. The growing focus of countries to keep their naval fleet combat-ready will lead to the expansion of the global naval vessels MRO market at a CAGR of over 6% during the forecast period.

Growing MRO cost leading to the emergence of Asia as a hub of naval vessel maintenance

High labor costs are leading to the emergence of developing countries in Asia, such as Sri Lanka, India, and Vietnam, as preferred hubs for the maintenance of naval vessels. Asia leads the world in terms of shipbuilding activities. The infrastructure used for shipbuilding is also used for ship maintenance and modernization. Thus, Asia is expected to be a preferred destination for the maintenance, repair, modernization, and upgrades of naval vessels during the forecast period. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global naval vessels MRO market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global naval vessels MRO market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading naval vessels MRO companies that include BAE Systems Plc, General Dynamics Corp., Huntington Ingalls Industries Inc., Lockheed Martin Corp., and Northrop Grumman Corp.

Also, the naval vessels MRO market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BAE Systems Plc
  • General Dynamics Corp.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE OF VESSEL
  • Market segmentation by type of vessel
  • Comparison by type of vessel
  • Aircraft carriers - Market size and forecast 2018-2023
  • Submarines - Market size and forecast 2018-2023
  • Destroyers - Market size and forecast 2018-2023
  • Frigates - Market size and forecast 2018-2023
  • Amphibious ships - Market size and forecast 2018-2023
  • Other vessels - Market size and forecast 2018-2023
  • Market opportunity by type of vessel
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Increasing focus on expediting execution of MRO services
  • Growing MRO cost leading to emergence of Asia as hub of naval
  • vessel maintenance
  • Increasing M&A in global shipbuilding industry
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BAE Systems Plc
  • General Dynamics Corp.
  • Huntington Ingalls Industries Inc.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Global aerospace and defense market
Exhibit 02: Segments of global aerospace and defense market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Type of vessel - Market share 2018-2023 (%)
Exhibit 18: Comparison by type of vessel
Exhibit 19: Aircraft carriers - Market size and forecast 2018-2023 ($ billions)
Exhibit 20: Aircraft carriers - Year-over-year growth 2019-2023 (%)
Exhibit 21: Submarines - Market size and forecast 2018-2023 ($ billions)
Exhibit 22: Submarines - Year-over-year growth 2019-2023 (%)
Exhibit 23: Destroyers - Market size and forecast 2018-2023 ($ billions)
Exhibit 24: Destroyers - Year-over-year growth 2019-2023 (%)
Exhibit 25: Frigates - Market size and forecast 2018-2023 ($ billions)
Exhibit 26: Frigates - Year-over-year growth 2019-2023 (%)
Exhibit 27: Amphibious ships - Market size and forecast 2018-2023 ($ billions)
Exhibit 28: Amphibious ships - Year-over-year growth 2019-2023 (%)
Exhibit 29: Other vessels - Market size and forecast 2018-2023 ($ billions)
Exhibit 30: Other vessels - Year-over-year growth 2019-2023 (%)
Exhibit 31: Market opportunity by type of vessel
Exhibit 32: Customer landscape
Exhibit 33: Market share by geography 2018-2023 (%)
Exhibit 34: Geographic comparison
Exhibit 35: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 36: North America - Year-over-year growth 2019-2023 (%)
Exhibit 37: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 38: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 39: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 40: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 41: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 42: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 43: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 44: South America - Year-over-year growth 2019-2023 (%)
Exhibit 45: Key leading countries
Exhibit 46: Market opportunity
Exhibit 47: Approximate changes in global defense spending during 2013-2018
Exhibit 48: Impact of drivers and challenges
Exhibit 49: Vendor landscape
Exhibit 50: Landscape disruption
Exhibit 51: Vendors covered
Exhibit 52: Vendor classification
Exhibit 53: Market positioning of vendors
Exhibit 54: BAE Systems Plc - Vendor overview
Exhibit 55: BAE Systems Plc - Business segments
Exhibit 56: BAE Systems Plc - Organizational developments
Exhibit 57: BAE Systems Plc - Geographic focus
Exhibit 58: BAE Systems Plc - Segment focus
Exhibit 59: BAE Systems Plc - Key offerings
Exhibit 60: General Dynamics Corp. - Vendor overview
Exhibit 61: General Dynamics Corp. - Business segments
Exhibit 62: General Dynamics Corp. - Organizational developments
Exhibit 63: General Dynamics Corp. - Geographic focus
Exhibit 64: General Dynamics Corp. - Segment focus
Exhibit 65: General Dynamics Corp. - Key offerings
Exhibit 66: Huntington Ingalls Industries Inc. - Vendor overview
Exhibit 67: Huntington Ingalls Industries Inc. - Business segments
Exhibit 68: Huntington Ingalls Industries Inc. - Organizational developments
Exhibit 69: Huntington Ingalls Industries Inc. - Segment focus
Exhibit 70: Huntington Ingalls Industries Inc. - Key offerings
Exhibit 71: Lockheed Martin Corp. - Vendor overview
Exhibit 72: Lockheed Martin Corp. - Business segments
Exhibit 73: Lockheed Martin Corp. - Organizational developments
Exhibit 74: Lockheed Martin Corp. - Geographic focus
Exhibit 75: Lockheed Martin Corp. - Segment focus
Exhibit 76: Lockheed Martin Corp. - Key offerings
Exhibit 77: Northrop Grumman Corp. - Vendor overview
Exhibit 78: Northrop Grumman Corp. - Business segments
Exhibit 79: Northrop Grumman Corp. - Organizational developments
Exhibit 80: Northrop Grumman Corp. - Geographic focus
Exhibit 81: Northrop Grumman Corp. - Segment focus
Exhibit 82: Northrop Grumman Corp. - Key offerings
Exhibit 83: Validation techniques employed for market sizing
Exhibit 84: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BAE Systems Plc
  • General Dynamics Corp.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • MORE
The following companies are recognised as the key players in the global naval vessels MRO market: BAE Systems Plc, General Dynamics Corp., Huntington Ingalls Industries Inc., Lockheed Martin Corp., and Northrop Grumman Corp.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing MRO cost leading to the emergence of Asia as the hub of naval vessel maintenance”

According to the report, one of the major drivers for this market is the increasing focus on keeping naval fleets combat-ready.

Further, the report states that one of the major factors hindering the growth of this market is the insufficient capacity to fulfill the demand for MRO services.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • BAE Systems Plc
  • General Dynamics Corp.
  • Huntington Ingalls Industries Inc.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
Note: Product cover images may vary from those shown
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