Offshore Patrol Vessel Market Size, Share, Key Players, Global Industry Overview, Analysis, Trends and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled  “Offshore Patrol Vessel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The study provides a detailed analysis of the industry, including the global offshore patrol vessel market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the offshore patrol vessel market?

Report Attributes Details
Market Size in 2022 US$ 32.6 Billion
Market Forecast in 2028 US$ 54.0 Billion
Growth rate (2023 to 2028) CAGR of 8.6%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What are Offshore Patrol Vessels?

An offshore patrol vessel (OPV) is a versatile, small surface ship designed to operate persistently in harsh environments, providing exceptional seakeeping and maneuverability in extreme weather conditions. It can be remotely operated by various law enforcement agencies, including the navy, marine police, coast guard, and customs, to enhance defense in coastal regions. With its exceptional seakeeping attributes, durability, and reliability, the OPV is ideal for offshore patrolling, policing maritime zones, control, and surveillance, and is often employed for search and rescue, anti-mine, humanitarian operations, and external firefighting. The vessel also offers customizability and excellent stability, making it suitable for varying tasks in different seagoing environments.

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Offshore Patrol Vessel Market Growth and Development:

The global market for OPVs is experiencing significant growth due to various factors, such as the increasing threat of terrorism, geopolitical tensions, and human or drug-trafficking operations. In line with this, governments of various nations are focusing on enhancing their defense capabilities, including OPVs for convoy protection, offshore asset surveillance, and anti-mine missions, in response to rising security concerns, which, in turn, is creating a positive outlook for the market. Additionally, the introduction of naval offshore patrol vessels (NOPVs) with super rapid gun mount (SRGM) systems for medium and short-range defensive features in warfare-like situations is propelling the market growth. The market is also favorably impacted by significant improvements in the navy and military sectors, the burgeoning defense budget, and the employment of military robotic technologies. Besides this, the growing focus on border security and the integration of advanced solutions by key players are fueling the market growth.

Who are the key players operating in the industry?

The report covers the major market players including:

  • Austal Ltd.
  • BAE Systems plc
  • Damen Shipyards Group N.V.
  • Dearsan
  • Fincantieri S.p.A.
  • Fr. Fassmer GmbH & Co. KG
  • Fr. Lürssen Werft GmbH & Co.KG
  • Garden Reach Shipbuilders & Engineers Limited
  • Israel Shipyards Ltd
  • Naval Group, etc

Key Market Segmentation:

The report has segmented the global offshore patrol vessel market based on vessel type, size, application and region.

Breakup by Vessel Type:

  • Advanced Vessels
  • Basic Vessels

Breakup by Size:

  • <50 Meters
  • 50 to 90 Meters
  • >90 Meters

Breakup by Application:

  • Coast Guard
  • Navy
  • Police Force

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

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