According to a new market report published by Credence Research “Global Naval Vessels MRO Market Growth, Future Prospects and Competitive Analysis, 2018 – 2026,” the market is expected to grow at a CAGR of 8.8% from 2018 to 2026

Market Insights

The maintenance, repair, and overhauling (MRO) operations involves repairing, maintaining and/or replacing of devices, equipment’s, machinery, supporting utilities amongst others. The MRO operations also include preventive and scheduled maintenance as a cost effective measure. Scheduled inspection of naval vessels also falls under MRO purview.

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The navy service maintenance is carried out by navy (military) recruits while it is at sea, or civilians at naval base or external third party contractors. The MRO activity is majorly focused to ensure that the fleet/convoy meets the ‘operation ready’ target or a specific watch day (patrol day) target for deployment. One of the major objective of maintenance of naval service vessels is to preserve the asset in it determined condition/state so as to see its positioning and operating targets.

Navy of every country maintains its fleet to achieve operational readiness and deployment targets. The MRO activity also ensures crew safety and also minimizes environmental harm. One of the major restraint in the marine world is that there are no designated or recognized international military / navy MRO standards. Civilian and merchant vessel standards are applied which are sanctioned by the UN’s (United Nations) subsidiary IMO (International Maritime Organizations) and its conventions like SOLAS (Safety of Life at Sea) and MARPOL (Marine Pollution). The battleships and other vessels (dromons, missile boats, full rigged ships) which are used during time of emergency like cross country conflict or war are exempted from SOLAS and MARPOL. Upon naval vessels visit overseas for MRO, regional requirements & agreements must be met as per the IMO mandates. For instance, the host states U.S. and Canada demand for local environment protection and safety provisions as described in MARPOL and SOLAS convention for the merchant navy vessels. For MRO, overseas visits, and navy training exercises, the regional agreements are defined by the UNCLOS (United Nations Convention on the Law of the Sea).

The key naval vessel MRO equipment’s producers, developers, suppliers/dealers and 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.

Key Trends:

  • Major countries like India, Viet Nam, Iran, Brazil, Israel, Russia, South & north Korea and China amongst others are looking to install ballistic missile defense capabilities in naval warships that requires high maintenance and overhauling
  • Navy is in pursuit to outsource MRO operations in order to reduce response time
  • Aluminum more preferred over steel in naval applications due to its lightweight, comparatively easier MRO and cost-effective property.

Type of vessel

  • Corvettes
  • Submarines
  • Destroyers
  • Frigates
  • Others(aircraft carriers and maritime patrol vessels)

Type of MRO:

  • Component MRO
  • Engine MRO
  • Regular Maintenance MRO
  • Dry Dock MRO

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