Scope of the Study
A patrol boat is a small naval vessel which is designed for coastal defense duties. There are several designs for patrol boats. The patrol boats is being operated by a nation's navy, coast guard, police force or customs. The patrol boat are generally engaged in various border protection roles which includes anti-smuggling, anti-piracy, fisheries patrols and immigration law enforcement. They are also often used to participate in rescue operations. The patrol boat include the original yacht, a light, fast-sailing vessel used by the Dutch navy to pursue pirates and other transgressors around and into shallow waters.
The market study is being classified by Type (Inshore patrol vessels (IPVs) and Offshore patrol vessels (OPVs)), by Application (Military, Police Patrol, Rescue and Others) and major geographies with country level break-up.
Patrol boat (Germany), Maritime Partner AS (Norway), SAFE Boats (United States), Sunbird Yacht (United Kingdom), Marine Alutech (Finland), Connor Industries (Canada), PALFINGER MARINE (Austria), HiSiBi (China), Willard Marine (United States), Asis Boats (United Arab Emirates), South Boats IOW (United Kingdom), LOMOcean Design (New Zealand), Grup Aresa Internacional (Spain) and Titan Boats (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Boomeranger Boats (Finland), Gladding-Hearn (United States), A.F. Theriault & Son (Canada), William E. Munson (United States) and Madera Ribs (Netherlands).
The companies are exploring the market in new regions by adopting various strategies such as expansions, investments, new service launches and collaborations. Key players are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Patrol Boats market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Patrol Boats market by Type, Application and Region.
On the basis of geography, the market of Patrol Boats has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Integrated Communication System will boost the Patrol Boats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing need for technologically advanced patrol boats
- High focus on naval force modernization
Market Trend
- Great demand for cost-effective coastal security by governments
- Demand for smaller vessels are gaining popularity
Restraints
- High cost of manufacturing
- High maintenance cost
Opportunities
- Increasing military expenditure in the emerging economies
Challenges
November, 2018: Fassmer Defence unfolds new designs at EURONAVAL 2018 and February 22, 2019: SAFE Boats International and Al Blagha Industrial Company Sign Formal Teaming Agreement
Key Target Audience
Manufacturers of Patrol boat, Suppliers of Patrol boat, Wholesalers, distributers and retailers of Patrol boat and Governmental bodies
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