Global Naval Vessel MRO Market: Information by Vessel Type (Submarines, Frigates, Corvettes, Aircraft Carrier, Destroyers, and Other Vessel Types), by MRO Type (Engine MRO, Dry Dock MRO, Component MRO, and Modification), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025
The global naval vessels MRO market has seen remarkable growth over the past few years, and is expected to grow with similar pace during the forecast period. The major growth drivers for this market are growing demand for UUVS, high demand for naval MRO outsourcing and increasing investments in naval combat systems. On the other hand, the hindrances are defense budget cuts, environmental hazards, integration of new technologies. However, the major ongoing trends in the global naval vessel MRO market are modernization of naval combat systems, integration of advanced warfare systems in naval fleets and 3D printing. As per MRFR analysis, the global naval vessels MRO market is expected to grow at a CAGR of ~ 9% during the forecast period approximately.
Naval Vessel MRO Market Research Report Information—Global Forecast to 2025 Free Sample at:
As per MRFR analysis, the global naval vessels MRO market has seen growth over the last few years, and is expected to grow even higher during the forecast period as several companies are coming into operations in the coming time. The global naval vessels MRO market is expected to grow at a CAGR of ~ 9% during the forecast period. The naval vessels MRO market is mainly driven by factors such as growing demand for UUVS, high demand for naval MRO outsourcing and increasing investments in naval combat systems. The US and CIS nations' navies rely, extensively on a broad range of technologies that support C4ISR. The different C4ISR technologies offer navies with the capability to conduct picture-based warfare. Reduced fleet sizes, new threats, and the abundance of ocean-borne trade, have increased the importance of partnerships in navies. Therefore, defense ministries have increased their investments to develop new C4ISR capabilities for their respective navies, and they upgrade these systems for the Australia, Canada, New Zealand, UK, and US (AUSCANZUKUS) states.
By Vessel Type
By MRO Type
Dry Dock MRO
Regular Maintenance MRO
Middle East & Africa
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The prominent players in the global naval vessel MRO market include BAE Systems (UK), General Dynamics (US), Huntington Ingalls Industries (US), Lockheed Martin (US), Northrop Grumman (US), Elbit Systems (Israel), Raytheon (US), Rockwell Collins (US), Saab (Sweden), and URS Corporation(US).
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