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According to the latest research, the global Offshore Patrol Vessels market size was valued at USD 15159.43 million in 2022 and is expected to expand at a CAGR of 6.21% during the forecast period, reaching USD 21760.66 million by 2028.
Offshore Patrol Vessels Growth Drivers
A modern navy operates various types of warships to meet its diverse roles, from simple coastal patrols to power projection and warfighting. While the Navy has aircraft carriers, cruisers, destroyers, frigates, submarines, and missile boats for its offensive missions, it also has different classes of ships for patrol, presence, and support roles. The grant of a 200 nm exclusive economic zone (EEZ) and the extension from 3 nm to 12 nm of the maritime boundary/territorial waters of a nation brought to the fore the requirement of naval ships that could fulfill the roles of extended coastal security as well as provide security cover to the EEZ. The other coastal roles that are needed for the naval craft include pollution control, search, and rescue (SAR), law enforcement, firefighting, towing, etc. Larger naval ships cannot maneuver in the restricted and shallow coastal waters and would largely remain underutilized if deployed for EEZ patrols. This had given rise to the birth of the offshore patrol vessel (OPV) class of ships.
The OPVs are being built to sizes and roles specific to a nation; they may range in size from a large attack craft to nearly a frigate size ship. They are proving economical for smaller nations because of their flexible roles. They are mainly being used for, extended coastal patrols, EEZ protection, maritime presence, law enforcement at sea, humanitarian assistance and disaster relief (HADR), and if needed, for Arctic or Antarctic ice patrols. In the future, the defense budgets of most countries will be reduced, and the maritime security problem in recent years has gradually transformed from the previous confrontation between countries to an asymmetric threat, such as terrorist attacks, illegal activities, and local conflicts in small regions. Therefore, small patrol boats, which emphasize flexibility, maneuverability, easy dispatch, and even transport, have become a mainstream tool for countries around the world to respond to such asymmetric threats.
Offshore Patrol Vessels Market Challenges
The COVID-19 pandemic has hit the global economy hard, with the impact continuing into 2022. Even though most areas have been unblocked, the emergence of mutant viruses still affects border epidemic prevention policies of various countries. The infection of seafarers and the surge in freight demand have led to port congestion. The imbalance between supply and demand has led to soaring sea and air freight rates. lead to large fluctuations in raw material prices. The bulk purchase of metal raw materials and marine equipment in the shipbuilding industry will be affected by the above freight and raw material price factors, and the cost increase will increase.
Region Overview:
From 2022-2027, Europe is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Fincantieri, China State Shipbuilding Corporation, Navantia with the revenue market share of 9.06%, 9.80%, 10.36% in 2022.
Fincantieri is one of the world’s largest shipbuilding groups, global Italian leader in cruise ship design, reference player in all high-tech shipbuilding industry sectors, from naval to offshore vessels, from high-complexity ferries to mega yachts, as well as production of systems and component equipment for mechanical and electrical segments, from cruise ship interiors solutions, electronic and software systems, to infrastructures and maritime constructions, as well as after-sales services. With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing 10,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating in four continents and with over 20,000 employees.
The China State Shipbuilding Corporation (CSSC) is a Chinese shipbuilding conglomerate. CSSC is one of the top 10 defense groups in China, consists of various shipyards, equipment manufacturers, research institutes and shipbuilding related companies that built both civilian and military ships. In the marine defense equipment industry, the main products cover surface ships, submarines, electronic information equipment, naval armament, naval power, electromechanical equipment, official law enforcement equipment, boat bridges, etc. Mainly carry out system top-level research, R&D design, final assembly and construction, system integration, equipment matching, test development, maintenance support and other businesses. At the same time, it will carry out the export and international cooperation of the above-mentioned equipment and services.
Segmentation Overview:
By type, Basic Patrol Vessel segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Navy segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Offshore Patrol Vessels industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Offshore Patrol Vessels. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Offshore Patrol Vessels Market Report Include:
Market Size Estimates: Offshore Patrol Vessels market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Offshore Patrol Vessels market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Offshore Patrol Vessels market
Segment Market Analysis: Offshore Patrol Vessels market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Offshore Patrol Vessels market situations and prospects in major and top regions and countries
Offshore Patrol Vessels Market
Offshore Patrol Vessels Industry Chain: Offshore Patrol Vessels market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Offshore Patrol Vessels Industry News, Policies by regions
Offshore Patrol Vessels Industry Porters Five Forces Analysis
Key players in the global Offshore Patrol Vessels market are covered in Chapter 2:
Fassmer
China State Shipbuilding Corporation
BAE Systems
Irving Shipbuilding
Dearsan Shipyard
Fincantieri
Austal
Hyundai Heavy Industries
Damen
Babcock
Naval Group
Reliance Naval and Engineering Limited
Eastern Shipbuilding
Socarenam
Navantia
In Chapter 6 and Chapter 9, on the basis of types, the Offshore Patrol Vessels market from 2018 to 2028 is primarily split into:
Basic Patrol Vessel
Warfighting Patrol Vessel
In Chapter 7 and Chapter 10, on the basis of applications, the Offshore Patrol Vessels market from 2018 to 2028 covers:
Coast Guard
Navy
Police Force
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Offshore Patrol Vessels market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Offshore Patrol Vessels industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Offshore Patrol Vessels market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Offshore Patrol Vessels industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Offshore Patrol Vessels market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Offshore Patrol Vessels market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Offshore Patrol Vessels market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Offshore Patrol Vessels Growth Drivers
A modern navy operates various types of warships to meet its diverse roles, from simple coastal patrols to power projection and warfighting. While the Navy has aircraft carriers, cruisers, destroyers, frigates, submarines, and missile boats for its offensive missions, it also has different classes of ships for patrol, presence, and support roles. The grant of a 200 nm exclusive economic zone (EEZ) and the extension from 3 nm to 12 nm of the maritime boundary/territorial waters of a nation brought to the fore the requirement of naval ships that could fulfill the roles of extended coastal security as well as provide security cover to the EEZ. The other coastal roles that are needed for the naval craft include pollution control, search, and rescue (SAR), law enforcement, firefighting, towing, etc. Larger naval ships cannot maneuver in the restricted and shallow coastal waters and would largely remain underutilized if deployed for EEZ patrols. This had given rise to the birth of the offshore patrol vessel (OPV) class of ships.
The OPVs are being built to sizes and roles specific to a nation; they may range in size from a large attack craft to nearly a frigate size ship. They are proving economical for smaller nations because of their flexible roles. They are mainly being used for, extended coastal patrols, EEZ protection, maritime presence, law enforcement at sea, humanitarian assistance and disaster relief (HADR), and if needed, for Arctic or Antarctic ice patrols. In the future, the defense budgets of most countries will be reduced, and the maritime security problem in recent years has gradually transformed from the previous confrontation between countries to an asymmetric threat, such as terrorist attacks, illegal activities, and local conflicts in small regions. Therefore, small patrol boats, which emphasize flexibility, maneuverability, easy dispatch, and even transport, have become a mainstream tool for countries around the world to respond to such asymmetric threats.
Offshore Patrol Vessels Market Challenges
The COVID-19 pandemic has hit the global economy hard, with the impact continuing into 2022. Even though most areas have been unblocked, the emergence of mutant viruses still affects border epidemic prevention policies of various countries. The infection of seafarers and the surge in freight demand have led to port congestion. The imbalance between supply and demand has led to soaring sea and air freight rates. lead to large fluctuations in raw material prices. The bulk purchase of metal raw materials and marine equipment in the shipbuilding industry will be affected by the above freight and raw material price factors, and the cost increase will increase.
Region Overview:
From 2022-2027, Europe is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Fincantieri, China State Shipbuilding Corporation, Navantia with the revenue market share of 9.06%, 9.80%, 10.36% in 2022.
Fincantieri is one of the world’s largest shipbuilding groups, global Italian leader in cruise ship design, reference player in all high-tech shipbuilding industry sectors, from naval to offshore vessels, from high-complexity ferries to mega yachts, as well as production of systems and component equipment for mechanical and electrical segments, from cruise ship interiors solutions, electronic and software systems, to infrastructures and maritime constructions, as well as after-sales services. With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing 10,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating in four continents and with over 20,000 employees.
The China State Shipbuilding Corporation (CSSC) is a Chinese shipbuilding conglomerate. CSSC is one of the top 10 defense groups in China, consists of various shipyards, equipment manufacturers, research institutes and shipbuilding related companies that built both civilian and military ships. In the marine defense equipment industry, the main products cover surface ships, submarines, electronic information equipment, naval armament, naval power, electromechanical equipment, official law enforcement equipment, boat bridges, etc. Mainly carry out system top-level research, R&D design, final assembly and construction, system integration, equipment matching, test development, maintenance support and other businesses. At the same time, it will carry out the export and international cooperation of the above-mentioned equipment and services.
Segmentation Overview:
By type, Basic Patrol Vessel segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Navy segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Offshore Patrol Vessels industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Offshore Patrol Vessels. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Offshore Patrol Vessels Market Report Include:
Market Size Estimates: Offshore Patrol Vessels market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Offshore Patrol Vessels market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Offshore Patrol Vessels market
Segment Market Analysis: Offshore Patrol Vessels market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Offshore Patrol Vessels market situations and prospects in major and top regions and countries
Offshore Patrol Vessels Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Offshore Patrol Vessels Industry Chain: Offshore Patrol Vessels market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Offshore Patrol Vessels Industry News, Policies by regions
Offshore Patrol Vessels Industry Porters Five Forces Analysis
Key players in the global Offshore Patrol Vessels market are covered in Chapter 2:
Fassmer
China State Shipbuilding Corporation
BAE Systems
Irving Shipbuilding
Dearsan Shipyard
Fincantieri
Austal
Hyundai Heavy Industries
Damen
Babcock
Naval Group
Reliance Naval and Engineering Limited
Eastern Shipbuilding
Socarenam
Navantia
In Chapter 6 and Chapter 9, on the basis of types, the Offshore Patrol Vessels market from 2018 to 2028 is primarily split into:
Basic Patrol Vessel
Warfighting Patrol Vessel
In Chapter 7 and Chapter 10, on the basis of applications, the Offshore Patrol Vessels market from 2018 to 2028 covers:
Coast Guard
Navy
Police Force
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Offshore Patrol Vessels market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Offshore Patrol Vessels industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Offshore Patrol Vessels market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Offshore Patrol Vessels industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Offshore Patrol Vessels market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Offshore Patrol Vessels market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Offshore Patrol Vessels market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
