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Naval Vessels MRO: Global Strategic Business Report

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    Report

  • 247 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140443

Global Naval Vessels MRO Market to Reach $22.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Naval Vessels MRO estimated at US$16.5 Billion in the year 2020, is projected to reach a revised size of US$22.6 Billion by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027. Aircraft Carrier, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$9.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Submarine segment is readjusted to a revised 3.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 4.3% CAGR

The Naval Vessels MRO market in the U.S. is estimated at US$4.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Destroyer Segment to Record 6.1% CAGR

In the global Destroyer segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 47 Featured) -

  • BAE Systems PLC
  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • Harris Corporation
  • Huntington Ingalls Industries, Inc.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Company
  • Rockwell Collins, Inc.
  • SAAB AB

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Naval Vessels MRO

What is the estimated value of the Global Market for Naval Vessels MRO?

The Global Market for Naval Vessels MRO was estimated to be valued at $16.5 Billion in 2020.

What is the growth rate of the Global Market for Naval Vessels MRO?

The growth rate of the Global Market for Naval Vessels MRO is 4.6%, with an estimated value of $22.6 Billion by 2027.

What is the forecasted size of the Global Market for Naval Vessels MRO?

The Global Market for Naval Vessels MRO is estimated to be worth $22.6 Billion by 2027.

Who are the key companies in the Global Market for Naval Vessels MRO?

Key companies in the Global Market for Naval Vessels MRO include BAE Systems PLC, Elbit Systems Ltd., General Dynamics Corporation, Harris Corporation, Huntington Ingalls Industries, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company and SAAB AB.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Naval Vessels MRO - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Naval Vessels MRO by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Naval Vessels MRO by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Naval Vessels MRO by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Destroyer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Destroyer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Destroyer by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Other Platform Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Other Platform Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Other Platform Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 10: World Naval Vessels MRO Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
  • Table 11: World Recent Past, Current & Future Analysis for Aircraft Carrier by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 12: World Historic Review for Aircraft Carrier by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 13: World 15-Year Perspective for Aircraft Carrier by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 14: World Recent Past, Current & Future Analysis for Submarine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 15: World Historic Review for Submarine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 16: World 15-Year Perspective for Submarine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 17: World Recent Past, Current & Future Analysis for Frigate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 18: World Historic Review for Frigate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 19: World 15-Year Perspective for Frigate by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 20: World Recent Past, Current & Future Analysis for Amphibious Vessel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 21: World Historic Review for Amphibious Vessel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 22: World 15-Year Perspective for Amphibious Vessel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Naval Vessels MRO Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Table 23: USA Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: USA Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 25: USA 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
CANADA
  • Table 26: Canada Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 27: Canada Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 28: Canada 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
JAPAN
  • Naval Vessels MRO Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Table 29: Japan Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 30: Japan Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 31: Japan 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
CHINA
  • Naval Vessels MRO Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Table 32: China Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 33: China Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 34: China 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
EUROPE
  • Naval Vessels MRO Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Table 35: Europe Recent Past, Current & Future Analysis for Naval Vessels MRO by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 36: Europe Historic Review for Naval Vessels MRO by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 37: Europe 15-Year Perspective for Naval Vessels MRO by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2021 & 2027
  • Table 38: Europe Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 39: Europe Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 40: Europe 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
FRANCE
  • Naval Vessels MRO Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
  • Table 41: France Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 42: France Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 43: France 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
GERMANY
  • Naval Vessels MRO Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Table 44: Germany Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 45: Germany Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 46: Germany 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
ITALY
  • Table 47: Italy Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 48: Italy Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 49: Italy 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
UNITED KINGDOM
  • Naval Vessels MRO Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Table 50: UK Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 51: UK Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 52: UK 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
REST OF EUROPE
  • Table 53: Rest of Europe Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 54: Rest of Europe Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 55: Rest of Europe 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
ASIA-PACIFIC
  • Naval Vessels MRO Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 57: Asia-Pacific Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 58: Asia-Pacific 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
REST OF WORLD
  • Table 59: Rest of World Recent Past, Current & Future Analysis for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 60: Rest of World Historic Review for Naval Vessels MRO by Platform Type - Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 61: Rest of World 15-Year Perspective for Naval Vessels MRO by Platform Type - Percentage Breakdown of Value Sales for Aircraft Carrier, Submarine, Destroyer, Frigate, Amphibious Vessel and Other Platform Types for the Years 2012, 2021 & 2027
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BAE Systems PLC
  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • Harris Corporation
  • Huntington Ingalls Industries, Inc.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Company
  • Rockwell Collins, Inc.
  • SAAB AB