Global Patrol Boats Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Patrol Boats Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The patrol boat is a small combat ship that uses heavy machine guns as its main weapon for offshore operations. They are commonly found engaged in various border protection roles, including anti-smuggling, anti-piracy, fisheries patrols, and immigration law enforcement. They are also often called upon to participate in rescue operations.

Market Overview:

The latest research study on the global Patrol Boats market finds that the global Patrol Boats market reached a value of USD 40916.64 million in 2022. It’s expected that the market will achieve USD 65748.75 million by 2028, exhibiting a CAGR of 8.23% during the forecast period.

Mitsubishi Heavy Industries Group Acquires Maintenance Partners NV of Belgium

Mitsubishi Heavy Industries, Ltd. (MHI) and the shareholders of Maintenance Partners NV (MP) of Belgium have reached an agreement under which Mitsubishi Power Systems Europe, Ltd. (MPSE), a subsidiary company of MHI, headquartered in London, U.K., acquires 100 % of the shares in Maintenance Partners NV.
Through this acquisition, MHI/MPSE will add an additional feature of power generation services, providing the full-scope engineering and repair capabilities only an OEM service organization can provide – including component manufacturing, state-of-the-art diagnostics, field inspection and service, outage management and 24-hour technical support. State-of-the-art combustion turbine repair center will be constructed in the Middle East region providing the latest in technology for D/E and F class combustion turbines, and available even for G class in near future.
As a group company of MHI, Maintenance Partners - under its own name - will continue and expand its activities. The synergies between the two enterprises will offer current and new customers in Europe, the Middle East and Africa (EMENA) an unsurpassed high level of quality and reliability in the field of duty and heavy-duty rotating machines.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Patrol Boats market and is expected to become the largest region by 2028.

Company Overview:

Lürssen is one of the major players operating in the Patrol Boats market, holding a share of 6.66% in 2021.

Lürssen

Lürssen designs, develops, and builds yachts in Germany. The company provides vessels, motorboats, and custom-built yachts. It also offers yacht management services, including technical management, operating, crew management, procurement, bookkeeping, and insurance services; refit, repair, and conversion services; and logistics services.

Thyssenkrupp

Thyssenkrupp AG operates in the areas of components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China. The company’s Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines.

Segmentation Overview:

Among different product types, Small Patrol Boats (<10m) segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Police Patrol segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Patrol Boats market covered in Chapter 3:

China Shipbuilding Industry Corporation
Huntington Ingalls Industries
China State Shipbuilding Corporation
Damen Group
Mitsubishi Heavy Industries, Ltd.
Lürssen
Metal Shark
Hyundai Heavy Industries
Sunbird Yacht
FB Design
Fincantieri
Fassmer
Sembcorp Marine
thyssenkrupp
SAFE Boats
YaGuang Technology Group
HamiltonJet

In Chapter 4 and Chapter 14.2, on the basis of types, the Patrol Boats market from 2018 to 2029 is primarily split into:

Small Patrol Boats (<10m)
Medium Patrol Boats (10~15m)
Large Patrol Boats (>15m)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Patrol Boats market from 2018 to 2029 covers:

Military
Police Patrol
Rescue
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)