Naval Vessels MRO: Global Strategic Business Report

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.

Report Attribute	Details
No. of Pages	247
Published	October 2022
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 16.5 Billion
Forecasted Market Value ( USD ) by 2027	$ 22.6 Billion
Compound Annual Growth Rate	4.6%
Regions Covered	Global

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