Offshore Patrol Vessels (OPVs) Market by Type (War-fighting Vessel, Basic Patrol Vessel) by Applications (Navy, Coast Guard, Police Force): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 01-Mar-2021 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-5875 Status : Published

The Offshore Patrol Vessels (OPVs) market is set for a rapid growth over the forecast period. In terms of revenue, the global OPVs market accounted for USD 25.64 Billion in 2019 and is expected to reach USD 45.83 Billion by 2026, growing at a CAGR of 8.65%

Description

The Offshore Patrol Vessels (OPVs) market is set for a rapid growth over the forecast period. In terms of revenue, the global OPVs market accounted for USD 25.64 Billion in 2019 and is expected to reach USD 45.83 Billion by 2026, growing at a CAGR of 8.65%

Global OPVs Market: Overview

The offshore patrol vessel is a highly flexible vessel built to perform roles in the management of the Economic Exclusion Zone (EEZ), which also covers maritime protection to coastal areas and successful disaster relief. They are the fastest rising segment of the naval vessels market. According to statistics, the total number of OPVs on order has expanded by 4% in the last year, whereas the expected number has also increased by 4%.

OPVs can be categorized into two groups, high-end war-fighting vessels and basic patrol vessels. High-end war-fighting vessels are equipped with sophisticated combat systems and C4I (Command, Control, Communications, Computers, & Intelligence) systems, which significantly increase operational flexibility and reduce deployment time. Basic patrol vessels are engineered for continuous low-intensity missions, fitted with basic weapons, and standard navigation sensors, following commercial standards.

The type of OPV, a country chooses depends on its specific naval needs, resulting from its intended role of its naval force, political aspirations, and its geographic location. Most OPV services, however, are of reasonable prices, multi-role type. These are being used in a growing range of functions, including the protection of fisheries, firefighting, pollution control, Search and Rescue (SAR), humanitarian operations, counter-narcotics, and surveillance in the Exclusive Economic Zone (EEZ).

OPVs can help meet the naval demands for ocean surveillance analytics and surface warfare activities in order to avoid invasion and marine transgression sovereignty. Moreover, they are ideal for the surveillance of underwater communications lanes, the protection of offshore oil installations and other important offshore national assets.

Asia has the largest share (44%) of the current fleet, India and Japan itself owns nearly 50% of Asian vessels, with India accounting for about 26% of the total vessels on order globally.

In the early 1980s, the Indian Navy received the first advanced OPVs, 'the Sukanya class' from South Korea. The ships of this class were later constructed with considerable success in India. Although initially they were developed to protect India's substantial offshore assets, later they proved to be valuable workhorses and therefore were introduced for a range of roles. OPVs have also been the backbone of the Indian Coast Guard, and the procurement activities underway in the navy and the Coast Guard highlight their usefulness.

Many companies are developing cutting-edge OPVS and have established skills to meet navies' ever-increasing naval requirements. To meet the UK Royal Navy's multiple mission requirements, BAE Systems has built a new class of 90m Offshore Patrol Vessels (OPV).

In the last few years, the Indian private sector has seen the development of large, innovative, state-of-the-art shipyards, capable of participating in the country's warship building programme. ABG, Bharti and Larsen, Pipavav, and Toubro are private shipyards who have invested substantial amounts of money to produce capability and capacity.

Global Offshore Patrol Vessels (OPVs) Market

Global OPVs Market: Competitive Players

The major players in the global OPVs market include BAE Systems, STX Offshore & Shipbuilding, Damen, Eastern Shipbuilding Group, Dearsan Shipyard, Austal, Irving Shipbuilding, CSIC, Socarenam, Fassmer, Fincantieri, RNAVAL, Navantia, and Babcock among others.

The report segment of global OPVs market are as follows:

Global OPVs Market: Type Segment Analysis

  • War-fighting Vessel
  • Basic Patrol Vessel

Global OPVs Market: Applications Segment Analysis

  • Navy
  • Coast Guard
  • Police Force

Global OPVs Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global OPVs Market, 2016-2026, (USD Billion)
    • 2.2. OPVs Market: Market snapshot
  • Chapter 3. Global OPVs Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technulogy landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
    • 3.6. Opportunity
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. OPVs Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Type Segment
      • 3.11.2. Market Attractiveness Analysis by Applications Segment
  • Chapter 4. Global OPVs Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2019
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. OPVs Market – Type Segment Analysis
    • 5.1. Global OPVs Market Revenue Share, by Type, 2019 & 2026 (USD Billion)
    • 5.2. Global OPVs Market by War-fighting Vessel, 2016 – 2026 (USD Billion)
    • 5.3. Global OPVs Market by Basic Patrul Vessel, 2016 – 2026 (USD Billion)
  • Chapter 6. OPVs Market – Applications Segment Analysis
    • 6.1. Global OPVs Market Revenue Share, by Applications, 2019 & 2026 (USD Billion)
    • 6.2. Global OPVs Market by Navy, 2016 – 2026 (USD Billion)
    • 6.3. Global OPVs Market by Coast Guard, 2016 – 2026 (USD Billion)
    • 6.4. Global OPVs Market by Pulice Force, 2016 – 2026 (USD Billion)
  • Chapter 7. OPVs Market - Regional Analysis
    • 7.1. Global OPVs Market: Regional Overview
      • 7.1.1. Global OPVs Market Revenue Share, By Region, 2019 & 2026 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America OPVs Market Revenue 2016 – 2026 (USD Billion)
      • 7.2.2. North America OPVs Market Revenue, By Type, 2016 – 2026 (USD Billion)
      • 7.2.3. North America OPVs Market Revenue, By Applications, 2016 – 2026 (USD Billion)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.2.4.2. U.S. OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.2.5. Canada
        • 7.2.5.1. Canada OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.2.5.2. Canada OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.2.6. Mexico
        • 7.2.6.1. Mexico OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.2.6.2. Mexico OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe OPVs Market Revenue 2016 – 2026 (USD Billion)
      • 7.3.2. Europe OPVs Market Revenue, By Type, 2016 – 2026 (USD Billion)
      • 7.3.3. Europe OPVs Market Revenue, By Applications, 2016 – 2026 (USD Billion)
      • 7.3.4. UK
        • 7.3.4.1. UK OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.3.4.2. UK OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.3.5.2. France OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.3.6.2. Germany OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.3.7. Italy
        • 7.3.7.1. Italy OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.3.7.2. Italy OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.3.8. Spain
        • 7.3.8.1. Spain OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.3.8.2. Spain OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.3.9. Russia
        • 7.3.9.1. Russia OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.3.9.2. Russia OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.3.10.2. Rest of Europe OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific OPVs Market Revenue 2016 – 2026 (USD Billion)
      • 7.4.2. Asia Pacific OPVs Market Revenue, By Type, 2016 – 2026 (USD Billion)
      • 7.4.3. Asia Pacific OPVs Market Revenue, By Applications, 2016 – 2026 (USD Billion)
      • 7.4.4. China
        • 7.4.4.1. China OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.4.4.2. China OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.4.5. Japan
        • 7.4.5.1. Japan OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.4.5.2. Japan OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.4.6. India
        • 7.4.6.1. India OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.4.6.2. India OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.4.7. Australia
        • 7.4.7.1. Australia OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.4.7.2. Australia OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.4.8.2. South Korea OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.4.9. Rest of Asia Pacific
        • 7.4.9.1. Rest of Asia Pacific OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.4.9.2. Rest of Asia Pacific OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America OPVs Market Revenue 2016 – 2026 (USD Billion)
      • 7.5.2. Latin America OPVs Market Revenue, By Type, 2016 – 2026 (USD Billion)
      • 7.5.3. Latin America OPVs Market Revenue, By Applications, 2016 – 2026 (USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.5.4.2. Brazil OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.5.5. Argentina
        • 7.5.5.1. Argentina OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.5.5.2. Argentina OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.5.6.2. Rest of Latin America OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa OPVs Market Revenue 2016 – 2026 (USD Billion)
      • 7.6.2. Middle East & Africa OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
      • 7.6.3. Middle East & Africa OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.6.4. GCC Countries
        • 7.6.4.1. GCC Countries OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.6.4.2. GCC Countries OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.6.5. South Africa
        • 7.6.5.1. South Africa OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.6.5.2. South Africa OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
      • 7.6.6. Rest of MEA
        • 7.6.6.1. Rest of MEA OPVs Market Revenue, by Type, 2016 – 2026 (USD Billion)
        • 7.6.6.2. Rest of MEA OPVs Market Revenue, by Applications, 2016 – 2026 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. BAE Systems
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfulio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. *Same information will be provided for below mentioned companies*
      • 8.2.1. STX Offshore & Shipbuilding
      • 8.2.2. Damen
      • 8.2.3. Eastern Shipbuilding Group
      • 8.2.4. Dearsan Shipyard
      • 8.2.5. Austal
      • 8.2.6. Irving Shipbuilding
      • 8.2.7. CSIC
      • 8.2.8. Socarenam
      • 8.2.9. Fassmer
      • 8.2.10. Fincantieri
      • 8.2.11. RNAVAL
      • 8.2.12. Navantia
      • 8.2.13. Babcock
      • 8.2.14. Others

Methodology


Frequently Asked Questions

The offshore patrol vessel is a highly flexible vessel built to perform roles in the management of the Economic Exclusion Zone (EEZ), which also covers maritime protection to coastal areas and successful disaster relief. They are the fastest rising segment of the naval vessels market. According to statistics, the total number of OPVs on order has expanded by 4% in the last year, whereas the expected number has also increased by 4%. OPVs can help meet the naval demands for ocean surveillance analytics and surface warfare activities in order to avoid invasion and marine transgression sovereignty. Moreover, they are ideal for the surveillance of underwater communications lanes, the protection of offshore oil installations and other important offshore national assets. These factors are expected to drive OPVs market during the forecast period.

According to Zion Market Research, the OPVs market is expected to generate revenue of around USD 45.83 Billion by the end of 2026, growing at a CAGR of 8.65%.

Asia has the largest share (44%) of the current fleet, India and Japan itself owns nearly 50% of Asian vessels, with India accounting for about 26% of the total vessels on order globally. In the early 1980s, the Indian Navy received the first advanced OPVs, 'the Sukanya class' from South Korea. The ships of this class were later constructed with considerable success in India. Although initially they were developed to protect India's substantial offshore assets, later they proved to be valuable workhorses and therefore were introduced for a range of roles. OPVs have also been the backbone of the Indian Coast Guard, and the procurement activities underway in the navy and the Coast Guard highlight their usefulness.

The major players in the global OPVs market include BAE Systems, STX Offshore & Shipbuilding, Damen, Eastern Shipbuilding Group, Dearsan Shipyard, Austal, Irving Shipbuilding, CSIC, Socarenam, Fassmer, Fincantieri, RNAVAL, Navantia, and Babcock among others.

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