Naval Vessel MRO Market By MRO Service (Maintenance & Repair (MR) Level, Overhauls), By Navy Vessels (Battleships, Corvettes, Submarines, Frigates) - Growth, Future Prospects & Competitive Analysis, 2017 – 2025

The maintenance, repair and overhaul of navy vessels includes maintenance and repair works on engine & its components, vessel deck, mechanical, and electrical components. For efficient performance and proper running of mechanical and electrical components, standard operating procedures are followed as described in the navy manual. Today, warships are considered as one of the largest platforms carrying complex weapons, equipment’s, sensors amongst others. Therefore, their frequent repair and maintenance is thus of utmost importance since they have to be in high state of preparedness to face extreme environment, hostile territories and operational demands near shore or in deep sea.

Refit & repair are considered as critical activity of a vessel for its safe and efficient operation. The navy undertakes various sea worthiness and operational fitness tests primarily at naval docks. This service of making vessel or its fleet sea worthy, is also handed to public/private sector shipyards.

Most of navy vessels designs are old and in many cases, the ships are converted from commercial merchant ship. This conversion is one of the major reason for increased frequency of repair and maintenance works. Historically, navy ships were mostly adapted from cruise liners and passenger ships but now even the offshore going project vessels are also considered for conversion. Thus, the conversion activity mandatorily involves immense MRO activities and is one of the major driving factor for the navy vessel MRO market.

Royal navy and other naval vessels are very often deployed away from their base ports for very long duration that significantly arises MRO issues. In cases where there is high focus on warfare activities (expeditionary) and relief operations, navy vessels with high utility capacity are preferred, that requires frequent maintenance and repair of vessels as a defense mandate. Therefore, leading to high growth in maintenance, overhaul and repair of fleet.

The repair and maintenance are carried out under operational-cum-refit-cycle (OCRC) for each class of ship. The OCRC is propagated by the defense ministries of respective countries based on timely basis and its operational experience. The MRO techniques helps in introducing or phasing out of a particular class and built of ship. The OCRC defines the period wherein a particular naval vessel is to remain at sea, be under deployable state and finally a period it has to spend for MRO activity.

Based on the MRO service type, the market is segmented into Maintenance & Repair Level (Organizational MR, Intermediate MR, Depot MR), Overhauls (Baseline Overhaul, Regular Overhaul and Complex Overhaul). Based on navy vessel types, the market is segmented into battleship, corvette, minesweeper, frigate and others. North America accounts for the highest expenditure in the MRO market and majority of the expenditure is made by the U.S. Asia Pacific and European regions also account for a significant portion of the market share.

The key naval vessel MRO service providers are, but not limited to: BAE systems, General Dynamics, Hutington Ingalls Industries, Lockheed Martin, Northrop Grumman, Elbit Systems, Raytheon, Rockwell Collins, SIAC, Kongsberg, SAAB, Teledyne Brown Engineering, Babcock International Group and URS Corporation.

The Global Navy Vessels MRO Market is segmented into following categories:

  • By MRO Service Type
    • Maintenance & Repair (MR) Level
      • Organizational MR
      • Intermediate MR
      • Depot MR
      • Voyage MR
    • Overhauls
      • Baseline Overhaul (BOH)
      • Regular Overhaul (ROH)
      • Complex Overhaul (COH)
      • Integrated Logistics Overhaul (ILO)
  • By Navy Vessels Type
    • Battleship
    • Corvette
    • Submarines
    • Frigate
    • Others [minesweeper, dromon, full rigged ship, missile boat, etc.]
  • By Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • France
      • Germany
      • U.K.
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India and Indian Sub-Continent
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • Rest of Middle East & Africa

Based on geographical distribution, the Global Naval Vessels MRO Market is segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Rest of Middle East & Africa

Naval Vessel MRO Market

Based on the geography, the naval vessels MRO market was dominated by North America in 2017. The regions accounts for largest spend on naval vessels, submarines, warships, aircraft carriers. Global economic slowdown is one of an attributing factor which enforced capping on defense spending. This restricted the entry of newer vessels into the market. The existing ones underwent massive maintenance, repair, refit and overhaul in order to refurbish, replenish and extend the service lives of the existing fleets. New vessels require less MRO as compared to older ones and which are in service. As a thumb rule, when no new aspects are indicted (new things/materials/equipment’s can be included), the older/existing ones are made to last long enough until budget seems to be in line with procuring new ones. Therefore, the existing naval vessels are undergoing massive maintenance, repair, refit, refurbish and overhaul works to increase their active service life. Thus the market for MRO has been on high growth, globally and similar trend is expected to continue for the forecast period.

Some of the major technological enhancement of naval fleet were done by the navy across the globe. Asia Pacific with two major super powers China and India, are expected to drive the APAC market. Owing to high military expenditure in India and China, the existing fleet capacities being raised which would eventually lead to major repair/refit and overhauling of the existing fleet. Globally, India, China, U.S. and Russia are the major countries which are expected to drive the market of naval vessels MRO.

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Published Date:  Jan 2018
Category:  Aerospace & defense
Report ID:   58951
Report Format:   PDF
Pages:   120
Rating:    4.4 (15)
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