Naval Vessels MRO Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global naval vessels MRO market is projected to grow in the forecast period of 2025-2034 at a CAGR of 6.90%.

The growing focus of countries on keeping their naval fleet combat-ready has increased the demand for naval vessels MRO services. Due to factors such as the increased spending on defence by developing countries, the Asia-Pacific is projected to lead the naval vessels MRO market in the forecast period.

Market Segmentation

Naval vessels MRO sector covers overhauls, servicing, audits, regular inspections, repairs, and modifications performed on a vessel and its components to prolong the ship life. The industry can be broadly categorised based on vessel types and MRO types.

Market Breakup by Vessel Type

• Submarines
• Frigates
• Corvettes
• Aircraft Carrier
• Destroyers

Market Breakup by MRO Type

• Engine MRO
• Dry Dock MRO
• Component MRO
• Modification

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

The increasing geopolitical tensions between countries are increasing the demand to upgrade navy fleets, which is aiding the growth of the naval vessels MRO market. The size of an aircraft carrier is larger than a destroyer or an assault ship, which requires considerable maintenance. This factor is increasing the need for MRO services in the aircraft carrier market segment. The rising MRO costs leading to the emergence of the Asia-Pacific as a naval vessel maintenance hub is one of the primary trends in the naval vessels MRO industry.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global naval vessels MRO market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• General Dynamics Corporation
• BAE Systems
• Northrop Grumman Corporation
• Huntington Ingalls Industries Inc.
• Lockheed Martin Corporation
• Elbit Systems
• Raytheon Company
• Others

The report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.