Global Naval Vessel Maintenance, Repair, and Overhaul Market (2022 to 2031) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com
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Thursday, January 20, 2022
Maritime, Transport, Defense, Other Defense, Weapon, Collins, Revolution, MRO, Anzac-class frigate, CAMM (missile family), Organization, Ageing, Growth, CAMM, Horizon, Government, MBDA, MBDA UK, Type 45 destroyer, Common, Electronics, Hobart-class destroyer, PAAMS, General Electric LM2500, ANZAC, Coastal submarine, Amphibious, USD, Naval Group, Sea Viper (roller coaster), Type 45, Maintenance, Investment, OCCAR
Due to their rather expensive procurement and operating costs, only a select few navies operate destroyers globally.
Key Points:
- Due to their rather expensive procurement and operating costs, only a select few navies operate destroyers globally.
- With the global fleet age of destroyers increasing, countries around the world are investing in the modernization of their fleet with advanced equipment and in-service maintenance and overhaul plans.
- Out of the total investment, approximately 1/3rd of the investment is expected toward the improvement and sustainment of its naval vessels.
- Similar investments in the modernization of naval vessels are anticipated to accelerate the demand for naval vessel MRO in the region in the coming years.