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 vessel Sumedha, for joint surveillance of exclusive economic zone (EEZs) for Maldives.
The high capital expenditure on building the vessels and the shipyards may restrain the growth of the global offshore patrol vessels market. Shipyards are used to build and repair the ships, boats, and patrol vessels. The construction of shipyards requires high initial investment such as cranes, dust free warehouses, painting facility, and repair facility and also require large areas near to the sea. All this requires high initial investment which is a major challenge for producing the patrol vessels.
|Base Year:||2021||Market Size in 2021:||US$ 14,857.36 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||4.5 %||2030 Value Projection:||US$ 21,823.90 Mn|
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.
|Restraints & Challenges:||
Global Offshore Patrol Vessels Market- Impact of Coronavirus (Covid-19) Pandemic:
The COVID-19 pandemic has affected the global offshore patrol vessels market significantly. Lockdown was imposed across the globe as a precautionary measure by governments of countries. This led to the temporary suspension of all businesses such as manufacturing, oil and gas, and others. The company’s manufacturing offshore patrol vessels faced financial, technological issues during the pandemic. Shortage of manpower also had an impact on the production of patrol vessels. Hence, the global offshore patrol vessels market witnessed slow growth during the pandemic.
Asia Pacific held a dominant position in the global offshore patrol vessels market in 2021
Asia Pacific held a dominant position in the global offshore patrol vessels market in 2021, accounting for 31.0% share in terms of market share, followed North America.
Figure 1: Global Offshore Patrol Vessels Market Share (%), By Region, 2021
Asia Pacific is expected to hold a dominant position over the forecast period due to the rising security concerns growing among the countries in the Asia Pacific region. Due to this the demand for coastal guards has increased and many countries such as Indonesia, Vietnam, the Philippines, and India are preferring costal guard services for patrolling the borders. This is driving the demand for offshore patrol vessels in the Asia Pacific region.
North America is expected to witness significant growth over the forecast period due rising number of cases related to human trafficking, drug trafficking, piracy and armed robbery, and fisheries crime. The patrol vessels are equipped with all necessary equipment such as firefighting systems, armaments, helipads, and safety boats which help during patrolling. To have control over all these illegal activities offshore patrol vessels are required in more numbers in the North American region. Hence, the offshore patrol vessels market is expected to witness significant growth over the forecast period.
50 M to 90 M segment is expected to drive the global offshore patrol vessels market growth 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 2: Global Offshore Patrol Vessels Market (US$ Mn) Analysis and Forecast, 2017 - 2030
Global offshore patrol vessels market was valued at US$ 14,857.36 Mn in 2021 and is expected to reach US$ 21,823.90 Mn by 2030, growing at a CAGR of 4.5% between 2022 and 2030.
Major players operating in the global offshore patrol vessels market 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.
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.
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:
“*” marked represents similar segmentation in other categories in the respective section.
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