Offshore Patrol Vessels Market Report, By Vessel Type (Advanced and Basic), By Application (Monitoring, Exclusive Economic Zone (EEZ) Protection, Anti-Air Warfare (AAW), Anti-Surface Warfare (ASuW), Electronic Warfare (EW) Operations, and Humanitarian Tasks), By Size (< 50 meter, 50-90 meter, and >90 meters), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Trends, and Forecast 2018 - 2026

  • Published On : Jul 2019 |
  • Pages : 156 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Offshore Patrol Vessels Market - Insights

The offshore patrol vessels are mainly designed to perform surveillance operations in the exclusive economic zone (EEZs) and other operational tasks such as protection of shipping lanes, anti-piracy patrols, and coastal security. Furthermore, naval offshore patrol vessel chartering services are introduced for the protection of the exclusive economic zone (EEZ) against maritime criminality, piracy, marine pollution, and human and weapons or drugs trafficking. The naval offshore patrol vessels (NOPVs) are patrol ships that are armed with super rapid gun mount (SRGM) system along with AK-630M guns that offer medium and short range defensive capabilities. The armament is remotely controlled through an electronic Fire control system. Moreover, the patrol ships are fitted with diesel engine driven propulsion systems that offers high speed and the ship operations are controlled by an intelligent platform management system, which has interfaces for all operational activities. For instance, in May 2018, The Indian Navy deployed offshore patrol vessels Sumedha, for joint surveillance of exclusive economic zone (EEZs) for Maldives.

50 M to 90 M segment is expected to exhibit highest growth rate during the forecast period

Among sizes, the segment 50m to 90m is expected to witness highest growth during the forecast period. The segment was valued at US$ 4,397.51 Mn in 2017 and is expected to reach US$ 6,396.99 by 2027 at a CAGR of 3.9% over the forecast period. These ships have length from 50 meter to 90 meter and are mainly used for coast guarding, surveillance, and defense activities. They are also used for policing operations, rescue operations, embarkation & operation of ALH helicopter for long range all time search, and pollution response against oil spillage and external fire-fighting among others. Such vessels are used in navy operations. For instance, River-class patrol vessels are primarily built for the Royal Navy of the U.K. with length ranging from 79.5 meters to 90.5 meters. Moreover, the Arafura class are multi-purpose, warship class ships in the Royal Australian Navy has length measuring from 80 meters. This ship will be used offshore and littoral patrol, mine warfare, anti-terrorism and anti-piracy operations, border protection, and hydrographic survey. BAE Systems is one of the renowned builders of 90 meter offshore patrol vessels and is currently working for five 90 m offshore patrol vessels for the second batch of the British Royal Navy’s River-class.

Figure. Global Offshore Patrol Vessels Market by Size (US$ Mn), 2017 & 2027

 

The novel design and advancements in technology has revolutionized the 50M to 90M class of patrol vessels. The newer versions are more versatile, have better flexible designs, and deliver more efficient operations. Patrol vessel with length 90 meter can occupy around 60 personnel and can carry up to 50 embarked troops or passengers. These have enhance flight deck to operate helicopters and have advanced infrastructure including virtual technologies to integrate weapons, management systems, sensors, and other detailed systems for complex warships. For instance, BAE Systems’ River-class vessel offers similar features with inclusion of advanced CMS-1 combat system to provide tactical picture compilation, planning, situational awareness, decision making, and control of weapons from its intuitive consoles in littoral operations. The combat system also assists the North Atlantic Treaty Organization (NATO) and other coalition missions. BAE Systems’ 90meter offshore vessel is equipped with an air surveillance radar, which can be used to detect low-flying aircrafts (which are used for smuggling operations). It has 30 mm small caliber gun system equipped with it, which can engage speedy inshore attack craft armed with short-range missiles, machine guns or explosives, rockets, and rocket-propelled grenades. It features 20 meters long flight deck and can land as well as fuel a medium-size helicopter weighing up to 7 tons.

Demand for such vessels has witnessed consistent growth, owing to their capabilities, operational efficiency, and advanced features installed in them. For instance, as per Coherent Market Insights, Indian Government ordered 16 new 55 meters ASW patrol ships in 2015. Moreover, in January 2019, the Armed Forces of Malta signed a contract worth around US$ 40 Mn with Italy-based shipbuilder, Cantiere Navale Vittoria, for the construction of a second purpose-built offshore patrol vessel, which will be used in patrolling Malta’s territorial waters. The ship measures around 74.8 meters in length and can reach the speed of around 20 knots.

Global Offshore Patrol Vessels Market: Key Players

Major players operating in the global offshore patrol vessels industry 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 LCorporation, Kawasaki Heavy Industries, Ltd., L&T Shipbuilding, Mitsubishi Heavy Industries, Ltd., Navantia, SOCARENAM, STX Offshore & Shipbuilding Co., Ltd, and Garden Reach Shipbuilders & Engineers Ltd.

An offshore patrol vessel is a vessel generally designed for coastal monitoring or defense duties. These types of vessels are available in various designs and shapes. They are mainly operated by navy, police force, coast guards, or other organizations who are actively working for marine environments. These vessels are mainly used in various boarder protection activities such as anti-piracy, anti-smuggling, fisheries patrolling, rescue operations, surveillance, and immigration law enforcement.

Market Drivers: Increasing Demand for Coastal Security

Offshore patrol vessels are used by navies and coast guards for various applications such as search and rescue, counter-narcotics and drugs smuggling, and humanitarian operations. Moreover, offshore patrol vessels are also used for patrol and surveillance of offshore assets such as oil platforms and for convoy protection and anti-mine missions.

Patrol vessels are used mainly for detecting drug trafficking, smuggling, and monitoring and controlling marine pollution. For instance, in September 2018, the U.S. CBP and Air and Marine Operations (AMO) aircrews along with inter-agency partners seized a vessel with around 2,880 pounds of cocaine and detained drug smugglers on the coast of Acapulco, Mexico. Therefore, increasing focus on coastal security is leading to high demand for offshore patrol vessels, thereby boosting the market growth over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global offshore patrol vessels market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 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, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global offshore patrol vessels market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
  • Companies covered as 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, and Garden Reach Shipbuilders & Engineers Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global offshore patrol vessels market report caters to various stakeholders in the industry, including investors, suppliers, 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

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
      • 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
        • 5o to 90 Meters
        • >90 Meters
      • By Country:
        • U.S.
        • Canada
    • Europe
      • 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
        • 5o to 90 Meters
        • >90 Meters
      • By Country:
        • Germany
        • Italy
        • France
        • Spain
        • UK
        • Rest of Europe
    • Asia Pacific
      • 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
        • 5o to 90 Meters
        • >90 Meters
      • By Country:
        • China
        • India
        • Japan
        • Australia & New Zealand
        • Rest of Asia Pacific
    • Latin America
      • 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
        • 5o to 90 Meters
        • >90 Meters
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • 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
        • 5o to 90 Meters
        • >90 Meters
      • By Country:
        • GCC Country
        • South Africa
        • Rest of the Middle East & Africa
  • Company Profiles
    • Austal
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Market Presence
      • Strategic Presence
    • 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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Vessel Type
      • Market Snippet, By Application
      • Market Snippet, By Size
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Impact Analysis
    • Key Trends
    • Deals and Contracts
    • PEST Analysis
  4. Global Offshore Patrol Vessels Market, By Vessel Type, 2017-2027 (US$ Mn)
    • Introduction
    • Segment Trends
      • Advanced Vessels
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Basic Vessels
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
  5. Global Offshore Patrol Vessels Market, By Component, 2017-2027  (US$ Mn)
    • Introduction
    • Segment Trends
      • Monitoring
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Exclusive Economic Zone (EEZ) protection
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Anti-Air Warfare (AAW)
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Anti-Surface Warfare (ASuW)
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Electronic Warfare (EW) operations
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
  6. Global Offshore Patrol Vessels Market, By Size, 2017-2027  (US$ Mn)
    • Introduction
    • Segment Trends
      • <50 M
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • 50 M to 90 M
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • >90 M
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
  7. Global Offshore Patrol Vessels Market, By Region, 2017-2027 (US$ Mn)
    • Introduction
    • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Vessel Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017–2027 (%)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Vessel Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • Germany
        • Italy
        • France
        • Spain
        • U.K.
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Vessel Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • China
        • Japan
        • South Korea
        • India
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Vessel Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Vessel Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Size, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country/Region, 2017 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East & Africa
  8. Competitive Landscape
    • Company Profiles
      • Austal
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • 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
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 80 market data tables and 50 figures on "Offshore Patrol Vessels Market - Global forecast to 2027”.

Research Methodology

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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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