Industry Analysis & Industry Trends
The national security considerations of governments and long-term planning undertaken for military expenditure ensured relative stability for industry revenue over the past five years. Growth is primarily attributed to demand for military ships and boats to protect coastal waters and to expand and renew navy fleet sizes. Revenue is projected to continue growing in the next five years through stable growth in defense budgets and a focus on advanced electronics and information systems capabilities... read more
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 2.3% over the 10 years to 2019. Comparatively, world GDP growth is expected to reach 3.6% 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 in order to maintain a technological lead and prevent dependence on foreign nation, which prevents the industry from declining.
Technological innovation is a characteristic of this industry... read more