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The Global Naval Vessels MRO Market 2012–2022

Press Release   •   Aug 22, 2012 14:17 IST

Product Synopsis

This report is the result of ICD Research / Strategic Defence Intelligence’s extensive market and company research covering the global naval vessels MRO industry. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.–2022.html

Introduction and Landscape

Why was the report written?
“The Global Naval Vessels MRO Market 2012–2022” offers the reader detailed analysis of the global naval vessels MRO market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.

What is the current market landscape and what is changing?
The demand for naval vessel MRO services is anticipated to be driven by ageing naval vessels globally, technological innovations in the industry, internal and external security threats, territorial disputes and modernization initiatives undertaken by navies across the world. The market is expected to be dominated by North America, followed by Asia Pacific and Europe. Despite the economic crisis in Europe, Europe’s share of the global market is projected to increase during the forecast period, albeit marginally due to the scheduled deployment of various modernization programs which had been initiated in previous years
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What are the key drivers behind recent market changes?
The navies of today’s especially the US and those of the commonwealth nations rely extensively on a suite of technologies that support command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). According to military scholar Dr. Norman Friedman, the various C4ISR technologies on offer provide navies with the capability to conduct picture based warfare which is based on using an almost real-time picture of what is happening. Moreover with reduced fleet sizes, new threats and the volume of ocean-borne trade, the importance of partnerships in the naval realm has significantly increased. Therefore, defense ministries are now inclined towards investing robustly in developing new C4ISR capabilities for their respective navies and help co-evolve these systems for the AUSCANZUKUS (Australia, Canada, New Zealand, UK and US) states

Key Features and Benefits

Detailed market analysis
The report provides detailed analysis of the market for naval vessels MRO during 2012–2022, including the factors that influence why countries are investing or cutting defense expenditure. It provides detailed expectations of growth rates and projected total expenditure.

Key Market Issues

Countries looking to install ballistic missile defense capabilities
Recent years has witnessed various countries upgrading their fleet of naval warships including frigates, cruisers, destroyers and amphibious ships with ballistic missile defense capabilities. With various countries currently involved in border disputes and other geo-political conflicts, governments are now upgrading their naval vessels with anti-ballistic missiles to combat existing threats. Specifically, a ballistic missile threat currently exists in Europe, Asia and the Middle East and the governments of these countries are spending robustly to equip their warships with integrated air defense combat systems

Key Highlights

North America to continue to dominate the market
Despite budget cuts, North America is expected to account for the largest share of the total global expenditure on naval vessels MRO, with 73% share during the forecast period. High demand in the region is primarily driven by the region’s modernization programs and the overseas war against global terrorism.

For more information kindly visit :
The Global Naval Vessels MRO Market 2012–2022


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