Offshore Patrol Vessels Market, By Vessel Type (Advanced Vessels, Basic Vessels), By Application (Monitoring, Exclusive Economic Zone (EEZ) Protection, Anti-Air Warfare (AAW), Anti-Surface Warfare (ASuW), Electronic Warfare (EW) operations, Humanitarian Tasks), By Size (<50 Meters, 50 to 90 Meters, >90 Meters), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Offshore patrol vessel (OPV) refers to a small surface, a highly versatile ship specially designed for executing various exclusive economic zone (EEZ) management operations, protecting shipping lanes, and ensuring coastal security. It can be remotely operated by the navy, marine police, coast guard, and customs for defense at coastal regions. It is further utilized by several law enforcement agencies to ensure optimal maritime security and border control. OPV is high-performance, reliable, durable, and persistent and offers customizability, excellent stability, and exceptional sea-keeping attributes to facilitate varying tasks in different seagoing environments.
The increasing threat of terrorism, rising geopolitical tensions, especially among neighboring countries, and escalating human or drug-trafficking operations, represents some of the prime factors driving the market toward growth. Additionally, the rising need for coastal monitoring solutions due to the increasing security concerns has prompted governments to enhance multiple defense capabilities, including OPV for convoy protection, offshore asset surveillance, and anti-mine missions, which is acting as another growth-inducing inducing factor
Market Dynamics:
Offshore patrol vessels are used by navies and coast guards for various applications such as search and rescue, counter-narcotics and drug smuggling, and humanitarian operations. Moreover, offshore patrol vessels are also used for patrol and surveillance of offshore assets such as oil platforms and convoy protection and anti-mine missions.
Patrol vessels are used mainly for detecting drug trafficking, smuggling, and monitoring and controlling marine pollution.
Key features of the study:
This report provides in-depth analysis of the Global Offshore Patrol Vessels Market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the Global Offshore Patrol Vessels Market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Austal, BAE Systems, Damen Shipyards Group, Dearsan, Fr. Fassmer GmbH & Co. KG, Fincantieri S.p.A, Fr. Lürssen Werft GmbH & Co. KG, Hamilton Jet, Israel Shipyards Ltd, Eastern Shipbuilding Group Inc., Stanley Boats, Marine Alutech OY AB, J.D. Irving Group of Companies, Japan Marine United Corporation, Kangnam Corporation, Kawasaki Heavy Industries, Ltd., L&T Shipbuilding, Mitsubishi Heavy Industries, Ltd., Navantia, Socarenam, STX Offshore & Shipbuilding Co., Ltd, Garden Reach Shipbuilders & Engineers Ltd
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global Offshore Patrol Vessels Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Offshore Patrol Vessels Market
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
Global Offshore Patrol Vessels Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Offshore Patrol Vessels Market.
Detailed Segmentation:
Global Offshore Patrol Vessels Market, By Vessel Type:
Advanced Vessels
Basic Vessels
Global Offshore Patrol Vessels Market, By Application:
Monitoring
Exclusive Economic Zone (EEZ) Protection
Anti-Air Warfare (AAW)
Anti-Surface Warfare (ASuW)
Electronic Warfare (EW) operations
Humanitarian Tasks
Global Offshore Patrol Vessels Market, By Size:
<50 Meters
5o to 90 Meters
>90 Meters
Global Offshore Patrol Vessels Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles
Austal *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
BAE Systems
Damen Shipyards Group
Dearsan
Fassmer GmbH & Co. KG
Fincantieri S.p.A.
Lürssen Werft GmbH & Co. KG
Hamilton Jet
Israel Shipyards Ltd
Eastern Shipbuilding Group Inc.
Stanley Boats
Marine Alutech OY AB
Irving Group of Companies
Japan Marine United Corporation
Kangnam Corporation
Kawasaki Heavy Industries, Ltd.
L&T Shipbuilding
Mitsubishi Heavy Industries, Ltd.
Navantia
Socarenam
STX Offshore & Shipbuilding Co., Ltd
“*” marked represents similar dataset for other companies as well.