Global Naval Vessel MRO Market 2016-2020 - US Army Faces the Challenge of Reducing Costs While Procuring, Maintaining, and Enhancing Naval Vessels

Feb 03, 2016, 08:10 ET from Research and Markets

DUBLIN, Feb. 3, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Global Naval Vessel MRO Market 2016-2020" report to their offering.

The global naval vessels MRO market to grow at a CAGR of 8.92% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global naval vessels MRO market for 2016-2020. It offers a comprehensive overview of the market, market shares, market segmentation by application, and growth prospects by region (Americas, APAC, and EMEA). The report also includes a discussion of the key vendors operating in this market.

Naval vessels are differentiated from civilian ships by their design and purpose. Such ships are damage resilient and armed. Naval vessels MRO is crucial for sustaining and extending the life of a vessel. It comprises maintenance, overhauls, routine checks, inspections, repairs, and modifications carried out on a vessel and their components. MRO services assure the safety and airworthiness of naval vessels.

Innovation and improved techniques play a vital role in the MRO sector. One such evolving technology is the introduction of 3D printing that is expected to drive the growth of the naval vessels MRO market during the forecast period. 3D printing technology is unique as it can print electronics directly onto 3D surfaces such as on an aircraft wing, ships, unmanned underwater vehicles (UUvs), missile fins and on their guidance systems.

According to the report, one of the major factors driving the growth of the market is the high demand for naval MRO outsourcing. Naval MRO outsourcing provides benefit such as lower maintenance costs, improved efficiency, and reduction of regulatory obstacles.

Further, the report states that the US Army is faced with the challenge of reducing costs while procuring, maintaining, and enhancing the naval vessels.

Key vendors

  • BAE Systems
  • General Dynamics
  • Lockheed Martin
  • Huntington Ingalls Industries
  • Northrop Grumman

Other prominent vendors

  • Raytheon
  • Rockwell Collins
  • Saab
  • URS Corporation
  • Elbit Systems

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape - Market overview - Market size and forecast - Five forces analysis

PART 06: Global aerospace and defense supply chain system

PART 07: Global aerospace and defense value chain system

PART 08: Market segmentation by vessels type

- Global naval vessels MRO market by vessels type

- Global naval vessels MRO market by vessels type (revenue)

- Global other vessels MRO market

- Global submarines MRO market

- Global frigates MRO market

- Global corvettes MRO market

- Global destroyers MRO market

PART 09: Geographical segmentation - Global naval vessels MRO market by geography - Global naval vessels MRO market by geography (revenue) - Naval vessels MRO market in the Americas - Naval vessels MRO market in APAC - Naval vessels MRO market in EMEA

PART 10: Key leading countries

PART 11: Market drivers

PART 12: Impact of drivers

PART 13: Market challenges

PART 14: Impact of drivers and challenges

PART 15: Market trends

PART 16: Vendor landscape

- Competitive scenario

- List of vendors in global naval vessels MRO market

- BAE Systems

- General Dynamics

- Huntington Ingalls Industries

- Lockheed Martin

- Northrop Grumman

- Key vendors' recent developments

PART 17: Appendix

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SOURCE Research and Markets