OFFSHORE PATROL VESSELS MARKET ANALYSIS
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
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. LĂĽrssen 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. LĂĽrssen 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
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