Military MRO Report

The Global Naval Vessels and Surface Combatants and related MRO Market 2018-2028

Additive manufacturing and rapid prototyping to reduce time taken to source required replacement and spare parts.

Global naval warfare has witnessed a paradigm shift, and there is an increasing trend towards the decentralization of naval attacks, whereby capabilities are distributed around smaller vessels in addition to larger platforms such as aircraft carriers and destroyers, so as to make them more secure against an enemy attack. This has motivated governments around the world to spend on smaller surface combatants capable of operating in littoral waters, and advanced weapons and communication systems to enable these ships to perform multiple missions. Moreover, providing humanitarian relief, emergency medical care, and combating smuggling, piracy, and terrorism, has resulted in the continuous evolution of the role of naval vessels and surface combatants.

The changing trend has motivated manufacturers to develop more vessels with strategic sea-lift and amphibious operations capabilities, enabling a number of vessels to serve more than one role.

  • What you need to know...
  • The US is poised to maintain its position as the largest manufacturer of naval vessels and associated technology, engines, armaments used in vessels as well as spare parts in the world.
  • The global market for naval vessels and surface combatants and related MRO is expected to reach US$69.9 billion by 2028, representing a CAGR of 3.29% during the forecast period (2018-2028).
  • The market is expected to be dominated by corvette segment, which is anticipated to account for 29.7% of the market.
  • The changing nature of maritime warfare, which has prompted governments around the world to spend on smaller surface combatants capable of operating in littoral waters, is also expected to act as a catalyst to drive the corvettes market.
  • Rolls-Royce are offering naval shipbuilding, repair and upgrade activities in the Gulf region.

The demand for corvettes is expected to increase as a number of navies prefer smaller ships in light of budget cuts and cost savings.

GlobalData’s Global Naval Vessels and Surface Combatants and related MRO Market 2018-2028 report offers detailed analysis of the naval vessels and surface combatants and related MRO market over the next ten years, and provides market size forecasts. It covers key technological developments and market trends in the industry, and analyzes factors influencing demand for various naval vessels and surface combatants. Additionally, the report also highlights challenges faced by industry participants.

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