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US Military Naval Vessel Maintenance, Repair, and Overhaul Industry Growth Opportunities
Adopting Commercially Available Technologies Will Support Transformational Growth
06-Jun-2024
North America
Market Research
This study provides a snapshot of the US military naval vessel maintenance, repair, and overhaul (MRO) industry. Based on product type, Frost & Sullivan categorizes the industry into infrastructure, amphibious ships, destroyers, corvettes, submarines, general, and others. Similarly, the study segments the industry into maintenance, repair, overhaul, and construction based on MRO type.
The study analyzes the US Navy's MRO-related spending activities in CY 2023 to:
1. Identify industry drivers, restraints, technological advancements, and growth opportunities
2. Examine spending trends across naval organizations and highlight leading contracting sub-departments
3. Discuss the leading product-based and MRO-type segments
4. Explore the competitive landscape and identify top industry participants
Additionally, the study assesses the fiscal year (FY) 2025 national defense budget request and elucidates the funding trend from FY 2023 to FY 2025.
Cost-effective solutions with reduced lead times will take precedence during the study period. An increasing emphasis on adopting commercially available best practices and cutting-edge technologies could support interdisciplinary collaborations among academia, government entities, small and medium enterprises, and the defense and commercial sectors. The rise of non-traditional companies could contribute to industry growth in the coming years.
Research Scope
| Scope | |
|---|---|
| Geographic Coverage | United States |
| Study Period | 2023-2028 |
| Base Year | 2023 |
| Monetary Unit | US Dollars |
Key Features
Components of Military Naval Vessel MRO
Maintenance
- Includes maintenance of naval vessels, such as amphibious ships, submarines, and auxiliary ships, as well as supporting infrastructures across organizational, intermediate, and depot levels
Repair
- Includes repair of naval vessels, such as amphibious ships, corvettes, and patrol ships, supporting infrastructures, and ship components, like engines, imaging systems, and electronic warfare systems
Overhaul
- Includes overhaul services of naval vessel parts and components, such as engine replacement and refueling
Construction
- Includes new physical infrastructures, such as regional maintenance facilities and multi-mission dry docks
Military Naval Vessel MRO—Industry Segmentation
Frost & Sullivan segments the industry into 7 broad categories based on relevant spending activities in CY 2023. However, the specific categorization within these segments is determined at the analyst’s discretion.
Infrastructure
- This segment includes construction and MRO of physical infrastructure that supports the expansion and optimization of shipyard capabilities.
Amphibious ships
- This segment encompasses the Navy’s landing platform dock (LPD) and landing helicopter dock (LHD) fleets. Vessels in this segment comprise:
- San Antonio-class
- Wasp-class
- Nimitz-class
- Spearhead-class
Destroyers
- This segment comprises MRO activities for the Navy's destroyer fleet, such as dry docking and yard support. The vessels in this segment include:
- Arleigh Burke-class
- Zumwalt-class
Corvettes
- This segment covers MRO activities related to the Navy’s littoral combat ship (LCS) fleet.
Submarines
- This segment encompasses relevant MRO services and modernization kits for the Navy’s nuclear and non-nuclear submarine fleets.
General
- This segment includes MRO activities for unspecified naval vessels, associated weapon systems, and communication and electronics.
Others
- This segment comprises:
- Auxiliary ships (replenishment oiler and survey vessels)
- Cargo and utility ships
- Patrol ships
- Unmanned vessels
Industry Segmentation Analysis
Military Naval Vessel MRO: Top Industry Segmentation, US, CY 2023
Military Naval Vessel MRO—Competitive Environment
Number of Competitors | 54 companies with contract value exceeding $10.0 million |
Competitive Factors | Technology, cost, performance, support, reliability |
Key End-user Industry Verticals | Aerospace and defense, construction, energy, automotive |
Leading Competitors | Dragados/Hawaiian Dredging/Orion JV, General Dynamics, Huntington Ingalls Industries Inc., Vigor Marine LLC, BAE Systems, Lockheed Martin, Prism Maritime LLC |
Contract Share of Top 5 Competitors (CY 2023) | 69.5% |
Other Notable Competitors | BL Harbert International LLC, Crowley Government Services Inc., Austal USA LLC, Science Application International Corp. (SAIC), Northrop Grumman Systems Corp., Alabama Shipyard LLC |
Distribution Structure | OEMs, direct sales |
Competitive Environment—CY 2023 Contract Share Analysis
Military Naval Vessel MRO: Top 7 Contractors, US, CY 2023
List of Exhibits
Military Naval Vessel MRO: Growth Metrics, US, CY 2023
Military Naval Vessel MRO: Growth Drivers, US, CY 2024–CY 2028
Military Naval Vessel MRO: Growth Restraints, US, CY 2024–CY 2028
Military Naval Vessel MRO: Budget Request, US, FY 2023–FY 2025
Military Naval Vessel MRO: Ship Inventory, US, FY 2024–FY 2025
Military Naval Vessel MRO: Contract Type, US, CY 2023
Military Naval Vessel MRO: Small Businesses Contract Share, US, CY 2023
Military Naval Vessel MRO: Top Navy Contracting Organizations, US, CY 2023
Military Naval Vessel MRO: Top Industry Segmentation, US, CY 2023
Military Naval Vessel MRO: Industry Segmentation Contract Breakdown, US, CY 2023
Military Naval Vessel MRO: Top MRO Categories by Segment, US, CY 2023
Military Naval Vessel MRO: Top 7 Contractors, US, CY 2023
Military Naval Vessel MRO: Top Contractors, US, CY 2023
Military Naval Vessel MRO: Top Contractors by Industry Segmentation, US, CY 2023
Military Naval Vessel MRO: Representative Contracts, US, CY2023
Military Naval Vessel MRO: Representative Contracts, US, CY2024
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the US Military Naval Vessel Maintenance, Repair, and Overhaul Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Components of Military Naval Vessel MRO
Military Naval Vessel MRO—Industry Segmentation
Growth Metrics
Growth Drivers
Growth Restraints
Military Naval Vessel MRO—Budget Analysis
Military Naval Vessel MRO—CY 2023 Contract Analysis
Military Naval Vessel MRO—Contracting Department
Industry Segmentation Analysis
Industry Segmentation Analysis (continued)
Military Naval Vessel MRO—Top MRO Category
Military Naval Vessel MRO—Competitive Environment
Competitive Environment—CY 2023 Contract Share Analysis
Competitive Environment—CY 2023 Contract Share Analysis (continued)
Competitive Environment—Top Contractors by Segment
Military Naval Vessel MRO—Representative Contracts CY 2023
Military Naval Vessel MRO—Representative Contracts CY 2023 (continued)
Military Naval Vessel MRO—Representative Contracts CY 2024
Growth Opportunity 1—Predictive Maintenance Technology
Growth Opportunity 1—Predictive Maintenance Technology (continued)
Growth Opportunity 2—Additive Manufacturing
Growth Opportunity 2—Additive Manufacturing (continued)
Growth Opportunity 3—Maritime Robotics
Growth Opportunity 3—Maritime Robotics (continued)
List of Exhibits
Legal Disclaimer
Purchase includes:
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A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
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Impacting your company's future growth potential.
| Deliverable Type | Market Research |
|---|---|
| Author | Shreya Khakurel |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Naval Vessel Maintenance |
| Keyword 2 | Military Vessel Market Growth |
| Keyword 3 | 2024 US Naval Maintenance |
| Podcast | No |
| WIP Number | PFL1-01-00-00-00 |