US Military Naval Vessel Maintenance, Repair, and Overhaul Industry Growth Opportunities

US Military Naval Vessel Maintenance, Repair, and Overhaul Industry Growth Opportunities

Adopting Commercially Available Technologies Will Support Transformational Growth

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.