Technavio Identifies Top Three Emerging Trends for the Global Naval Vessels MRO Market Through 2020

LONDON

Technavio’s latest global naval vessels MRO market 2016-2020 report highlights the top three emerging trends that are predicted to impact the market through 2020. Technavio defines an emerging trend as something that has potential for significant impact on the market and contributes to its growth or decline.

“According to our research, the major spenders of the global naval vessels MRO market such as the US, Russia, China, Japan, and India are anticipated to make massive investments in the procurement of naval vessels to bolster their sea border security over the next four years. The market is also witnessing a growing prevalence of MRO outsourcing in these leading countries,” said Technavio’s senior industry analyst for defense,Abhay Singh.

“Many blue water navies such as the US Navy, Royal Navy, Hellenic, Royal Australian, Royal Norwegian navy, as well as others in South America, have decided to streamline their budgets on parameters such as fleet deployment and for ensuring a technological edge. This trend is expected to prompt the growth of outsourcing in other global navies during the forecast period,” added Abhay.

Technavio’s market research study identifies the following top three emerging trends for the global naval vessels MRO market 2016-2020:

• 3D printing
• Innovation with vertical integration
• Increasing applications of curved displays

3D printing

3D printing is an evolving technology that surpasses conventional methods like CNC cutting, mold manufacturing, or canvas printing. It is economical and allows for quick design and rapid changes of internal features in missiles, which was not possible in traditional manufacturing methods.

It is unique in the fact that it can print electronics directly onto 3D surfaces such as aircraft wings, ships, UUVs, missile fins and on their guidance systems. It also helps in reducing the size and weight of the naval vessel or the aircraft.

3D printing technology is expected to be adopted by navies globally to build high-tech military vessels over the next 15 years. However, few projects have already incorporated this technology, and have shown tremendous success in recent times. For instance, in 2015, SULSA (Scottish universities life sciences alliance) successfully launched a UAV (unmanned ariel aircraft), which was designed using 3D printing technology from the bow of a Royal Navy ship. It has demonstrated how these lightweight platforms can be used for creating short-range surveillance.

Similarly, in 2014, the US Navy installed a compact 3D printer on the USS Essex commando carrier ship and trained sailors on computer-aided design (CAD) software and printing sample parts. The market is predicted to witness many such developments with advances in 3D printing technology, which will boost the market significantly over the next four years.

Integration of advanced warfare systems in naval fleets

Rising technology and investments have resulted in the evolution of many advanced warfare systems such as virtual fence, underwater acoustic weapons, fences, electro-optic detection systems, modern air compact environment, and integrated security systems. These systems enhance safety and efficiency in naval operations, which is vital for combat ships and maritime patrol aircrafts. The integration of these advanced radar systems, electro-optic/infrared (EO/IR) technologies, and underwater weapons offer enhanced maritime information and enhanced protection for naval fleets. Therefore, further advances in technology will significantly drive the global market for maintenance, repair, and overhaul of naval vessels through 2020.

Browse related reports:

—Global Unmanned Sea System Market 2016-2020

—Global Warship & Naval Vessels Market 2015-2019

—Global Naval Combat Systems Market 2016-2020

— Global Offshore Patrol Vessel Market 2015-2019

Purchase three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160128005069/en/

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com