Global Military Shipbuilding & Submarines: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Military Shipbuilding & Submarines Market Research Report | Aug 2015

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Military Shipbuilding & Submarines global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
BAE Systems plc BAE Systems plc market share
DCNS DCNS market share
General Dynamics Corporation General Dynamics Corporation market share
Huntington Ingalls Industries Inc. Huntington Ingalls Industries Inc. market share
USC USC market share
Industry Statistics & Forecast
Annual Growth 10-15
Annual Growth 15-20
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Employment ('000)
Industry Analysis & Industry Trends

Over the past five years, the Global Military Shipbuilding and Submarines industry was greatly impacted by declining defense spending in the United States and Europe. The global economic slowdown stunted industry growth as Western governments attempted to deal with widening budget deficits by cutting defense spending, which led to less funding for industry programs. In the coming years, continued economic growth and geopolitical tensions in Asia are anticipated to encourage more countries in the region to spend on industry products. At the same time, despite overall defense cuts, the United States is also expected to increase spending on new ships, as it pivots its navy towards more maritime focused Asia, while also modernizing its fleet... read more

Industry Analysis

Over the past five years, the Global Military Shipbuilding and Submarines industry stagnated as western government cut defense spending. Industry operators design, build, maintain, repair and overhaul military vessels, including aircraft carriers, cruisers, destroyers, frigates, corvettes, patrol boats, submarines, amphibious assault ships and auxiliary ships. The global economic downturn and soaring debt among the Western nations has tempered funding for industry products. In particular, many Western European governments reduced spending on naval shipbuilding amid the Euro Crisis. On the other hand, shipbuilding's long lead times and the industry's importance to national defense has meant that industry projects were less impacted by defense cuts... read more


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What is the Global Military Shipbuilding & Submarines Industry?

Firms in this industry operate shipyards or boatyards. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building a naval ship. These establishments manufacture frigates, destroyers, cruisers, amphibious transport ships, aircraft carriers, patrol ships and submarines. They also provide naval ship repair and conversion activities. Boat manufacturers build boats, cabin cruisers, dinghies, jet boats, patrol boats and rowboats for navies and coast guards.

Industry Products
Surface vessels Submarines
Industry Activities
Frigate and cruiser fabricationAircraft carrierDestroyer productionAttack submarine fabricationAmphibious transport shipPatrol boat fabrication Repairing ships Conversion and alteration of ships prefabrication ship and barge sections Specialized ship services

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