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NAVAL VESSEL MAINTENANCE, REPAIR,
AND OVERHAUL (MRO) MARKET
GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2031)
MARKET SEGMENTATION
Submarines
Frigates
Corvettes
Aircraft Carriers
Destroyers
Other Vessel Types
VESSEL TYPE
Engine MRO
Dry Dock MRO
Component MRO
Modification
MRO TYPE
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa
GEOGRAPHY
MARKET OVERVIEW
The naval vessel maintenance, repair, and overhaul (MRO) market is projected
CAGR 2% during the forecast period (2022 - 2031)
The APAC region
accounted for the largest
share (39%) in the market
in 2021 & is projected to
witness the highest
growth rate of 2.3%
during the forecast
period
The Middle East and
Africa is expected to
reach USD 2.69 billion by
2031, registering a CAGR
of 1.8% during the
forecast period
The Qatar Emiri
Naval Forces are
moving ahead with
plans to expand its
fleet, along with
its base footprint,
by 2022
GEOGRAPHICAL OUTLOOK
KEY DRIVERS
Modernization and upgradation of the existing naval
fleet
Increasing vessel count
Ageing in existing vessels
Growing investments in new shipyards for repair and
maintenance activities 
In Jan 2022, BAE
systems received a USD
1.9 Million contract
from the US Navy for
the maintenance and
modernization of the
Arleigh Burke - Class
guided missile
destroyer, USS Mitscher
(DDG 57)
In December 2021, the US
State Department approved
a possible contract with the
government of Greece for
the modernization of four
MEKO Hydra-class frigates in
a deal worth around USD 2.5
billion. The upgrades would
include the modernization of
weapon systems, combat
management systems, and
sonars, among other things
In Aug 2021, Huntington
Ingalls industries Technical
Solutions division received a
five-year contract worth USD
273 million to support the US
Navy’s surface engineering
maintenance assist team,
carrier engineering
maintenance assist team for
surface ships, and other
maintenance and material
readiness program
RECENT DEVELOPMENTS
COMPETITIVE LANDSCAPE
The market for naval vessel MRO is fragmented, with the presence of many
international and domestic players that support navies around the world 
& many more...
80% of our clients seek
made-to-order reports. How
do you want us to tailor
yours?
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www.mordorintelligence.com Info@mordorintelligence.com +1 617-765-2493

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Naval Vessel Maintenance, Repair, and overhaul (MRO) Market

  • 1. NAVAL VESSEL MAINTENANCE, REPAIR, AND OVERHAUL (MRO) MARKET GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2031)
  • 2. MARKET SEGMENTATION Submarines Frigates Corvettes Aircraft Carriers Destroyers Other Vessel Types VESSEL TYPE Engine MRO Dry Dock MRO Component MRO Modification MRO TYPE North America Europe Asia-Pacific Latin America Middle-East and Africa GEOGRAPHY
  • 3. MARKET OVERVIEW The naval vessel maintenance, repair, and overhaul (MRO) market is projected CAGR 2% during the forecast period (2022 - 2031)
  • 4. The APAC region accounted for the largest share (39%) in the market in 2021 & is projected to witness the highest growth rate of 2.3% during the forecast period The Middle East and Africa is expected to reach USD 2.69 billion by 2031, registering a CAGR of 1.8% during the forecast period The Qatar Emiri Naval Forces are moving ahead with plans to expand its fleet, along with its base footprint, by 2022 GEOGRAPHICAL OUTLOOK
  • 5. KEY DRIVERS Modernization and upgradation of the existing naval fleet Increasing vessel count Ageing in existing vessels Growing investments in new shipyards for repair and maintenance activities 
  • 6. In Jan 2022, BAE systems received a USD 1.9 Million contract from the US Navy for the maintenance and modernization of the Arleigh Burke - Class guided missile destroyer, USS Mitscher (DDG 57) In December 2021, the US State Department approved a possible contract with the government of Greece for the modernization of four MEKO Hydra-class frigates in a deal worth around USD 2.5 billion. The upgrades would include the modernization of weapon systems, combat management systems, and sonars, among other things In Aug 2021, Huntington Ingalls industries Technical Solutions division received a five-year contract worth USD 273 million to support the US Navy’s surface engineering maintenance assist team, carrier engineering maintenance assist team for surface ships, and other maintenance and material readiness program RECENT DEVELOPMENTS
  • 7. COMPETITIVE LANDSCAPE The market for naval vessel MRO is fragmented, with the presence of many international and domestic players that support navies around the world  & many more...
  • 8. 80% of our clients seek made-to-order reports. How do you want us to tailor yours? GET IN TOUCH www.mordorintelligence.com Info@mordorintelligence.com +1 617-765-2493