Press release
Growing Defense Investments driving the Global Naval Vessel MRO Market 2016-2020 - Industry to grow at a CAGR of 8.92% during Forecast
Naval vessels are differentiated from civilian ships by their design and purpose. Such ships are damage resilient and armed. Naval vessels MRO is crucial for sustaining and extending the life of a vessel. It comprises maintenance, overhauls, routine checks, inspections, repairs, and modifications carried out on a vessel and their components. MRO services assure the safety and airworthiness of naval vessels.
The global naval vessels MRO market to grow at a CAGR of 8.92% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global naval vessels MRO market for 2016-2020. It offers a comprehensive overview of the market, market shares, market segmentation by application, and growth prospects by region (Americas, APAC, and EMEA).
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Technavio's report, Global Naval Vessels MRO Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- BAE Systems
- General Dynamics
- Lockheed Martin
- Huntington Ingalls Industries
- Northrop Grumman
Other prominent vendors
- Raytheon
- Rockwell Collins
- Saab
- URS Corporation
- Elbit Systems
Market driver
- Demand for naval MRO outsourcing
- For a full, detailed list, view our report
Market challenge
- Defense budget cuts
- For a full, detailed list, view our report
Market trend
- 3D printing
- For a full, detailed list, view our report
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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Browse more details at: http://www.researchmoz.us/global-naval-vessel-mro-market-2016-2020-report.html
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