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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 | Jul 2016

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 offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
$50bn
Annual Growth 11-16
0.3%
Annual Growth 16-21
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Profit
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Employment ('000)
315
Businesses
471
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. However, despite western military budget cuts, demand remained fairly robust, with industry revenue only expected to increase marginally over the five years to 2016. Over the next five years, continued economic growth and geopolitical tensions in Asia are anticipated to encourage more countries in the region to spend on industry products, bumping revenue higher.



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Industry SWOT Analysis

The Global Military Shipbuilding and Submarines industry is in the mature phase of its economic life cycle. Industry value added (IVA), a measure of the industry's contribution to the global economy, is expected to grow at an annualized rate of 2.9% over the 10 years to 2021. Comparatively, world GDP growth is expected to reach 2.7% per year on average over the same period. In general, the industry is vital to countries' national defense and their ability to protect their interest abroad. Moreover, governments usually protect and support their domestic operators to maintain a technological lead and prevent dependence on foreign nations, which prevents the industry from declining.

Technological innovation is a characteristic of this industry... read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Military Shipbuilding & Submarines Industry?

Operators 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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