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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
Revenue
$51bn
Annual Growth 10-15
-0.2%
Annual Growth 15-20
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Profit
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Employment ('000)
316
Businesses
479
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 Locations

While international trade in the industry is moderate, global production of military ships and submarines is centered in North America, Europe and Asia. Government support is usually available in the industry as many nations provide substantial subsidies to their shipbuilding and repair industries. Maintaining a shipbuilding industrial base, both civil and military, helps to safeguard a nation's control over getting its products to foreign markets and ensures that it will have the means to replace its merchant or naval fleets in a time of national emergency. Therefore, unlike many other industries, the policies of national governments, together with economic forces, dictate economic activity in this industry... read more

 


Industry ProductsRelated ReportsTable of Contents

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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