The Offshore Patrol Vessel Global Market Report 2023, provides comprehensive information on the offshore patrol vessel market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global offshore patrol vessels market size is expected to grow from $22.34 billion in 2022 to $24.23 billion in 2023 at a compound annual growth rate (CAGR) of 8.43%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global offshore patrol vessels market size is expected to reach $32.50 billion in 2027 at a CAGR of 7.62%.
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Product innovations are the key trend gaining popularity in the offshore patrol vessel market. Companies operating in the offshore patrol vessel market are developing advanced offshore patrol vessels to sustain their position in the market. For instance, in March 2020, Goa Shipyard Limited, an India-based shipbuilding company, built two 105-meter advanced offshore patrol boats (AOPVs) to meet the Sri Lankan Navy’s mission needs. The vessels are based on Samarth-class OPVs that are currently in service with the Indian Coast Guard. In Sri Lanka’s marine zones, the new AOPVs may execute patrols, police, search and rescue, surveillance, and pollution control operations. They are also suitable for outdoor firefighting tasks. A landing facility and hangar for an advanced light helicopter (ALH) are available on the advanced offshore patrol vessel. It also has helicopter traverse and landing gear, allowing helicopters to land aboard the vessel.
The offshore patrol vessel market is segmented:
1) By Vessel Type: Advanced Vessels, Basic Vessels
2) By Size: Less Than 50 Meters, 50 to 90 Meters, More Than 90Meters
3) By Application: Monitoring, Exclusive Economic Zone (EEZ) Protection, Anti-Air Warfare (AAW), Anti-Surface Warfare (ASuW), Electronic Warfare (EW) Operations, Humanitarian Tasks
4) By End-User: Navy, Coast Guard, Other End-Users
Asia-Pacific was the largest region in the offshore patrol vessel market in 2022.
The table of contents in TBRC’s offshore patrol vessel market report includes:
1. Executive Summary
2. Offshore Patrol Vessels Market Characteristics
3. Offshore Patrol Vessels Market Trends And Strategies
4. Offshore Patrol Vessels Market – Macro Economic Scenario
5. Offshore Patrol Vessels Market Size And Growth
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26. Africa Offshore Patrol Vessels Market
27. Offshore Patrol Vessels Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Offshore Patrol Vessels Market
29. Offshore Patrol Vessels Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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