Naval vessels are differentiated from civilian ships by their design and purpose. Such ships are damage-resilient and armed with weapon systems. The naval vessels maintenance, repair, and overhaul (MRO) market is crucial for sustaining and extending the life of a ship. It involves functions related to the maintenance, overhaul, routine checks, inspection, repair, and modification of a vessel and its components.
Technavio’s analysts forecast the global Naval Vessels MRO market to grow at a CAGR of 9.12% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global naval vessels MRO market for 2017-2021. To calculate the market size, the report considers the revenue generated from the provision of MRO services to different types of vessels such as submarines, frigates, corvettes, destroyers, and other vessels.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Naval Vessels MRO Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BAE Systems • General Dynamics • Huntington Ingalls Industries (HII) • Lockheed Martin • Northrop Grunman
Other prominent vendors • Elbit Systems • Harris Corporation • Raytheon • Rockwell Collins • Saab • URS
Market driver • Evolution of electromagnetic and acoustic sensors technologies • For a full, detailed list, view our report
Market challenge • High maintenance and retrofit cost • For a full, detailed list, view our report
Market trend • Emergence of 3D printing and usage of composite materials • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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