Overview

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 focuses on industry performance in key regions around the world and identifies the leading companies globally.

REPORT SNAPSHOT

Market Share of Companies
BAE Systems plc $x.xlock
DCNS $x.xlock
General Dynamics Corporation $x.xlock
Huntington Ingalls Industries Inc. $x.xlock
Industry Statistics & Market Size
Revenue
$50bn
Annual Growth
2011 - 2016
0.3%
Annual Growth
2016 - 2021
Profit
Employment ('000)
315
Business
471

Industry Threats & Opportunities

  • Stable growth in defense budgets and technological advancements will boost industry revenue
  • Though defense spending dropped, the industry reclaimed profit through capacity cuts
  • While large debt burdens and slow economic growth are anticipated to continue forcing western countries to limit defense spending, funding for projects is expected to rise

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    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 Investment

    The Global Military Shipbuilding and Submarines industry has a moderate level of capital intensity. For every dollar spent on wages, the average industry player will invest about 16 cents in capital. Due to the size and sophistication on naval vessels, companies have to invest considerable sums of money into capital such as cranes, docks, warehouses, factories, research and development (R&D) facilities and heavy machinery. In many instances just a handful of shipyards are responsible for the construction and maintenance of an entire country's fleet, in addition to export orders. As a result, some shipyards can span across miles of shoreline, manufacturing submarines, frigates and aircraft carriers whose flight deck can be as large as four acres. How..

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    Additional Insights for the Global Military Shipbuilding & Submarines Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Military Shipbuilding & Submarines Industry are

  • Undertaking technical research and development
  • Ability to take advantage of government subsidies and other grants
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as GDP of the European Union and NATO defense spending in the Global Military Shipbuilding & Submarines industry impact industry performance..

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    Industry Products

    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 fabrication
    Aircraft carrier
    Destroyer production
    Attack submarine fabrication
    Amphibious transport ship
    Patrol boat fabrication
    Repairing ships
    Conversion and alteration of ships
    prefabrication ship and barge sections
    Specialized ship services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • GDP of the European Union
  • NATO defense spending
  • GDP of East Asia
  • World price of steel

  • Current Performance
  • Stagnant performance
  • Profitability and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Western nations' military spending
  • Non-NATO nations continue to drive industry growth
  • Profitability and other trends
  • Table: Global Military Shipbuilding & Submarines Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Military Shipbuilding & Submarines Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Global Marine & Container Terminal Operation

  • Key Selling Industries
  • Global Alumina and Aluminum Production and Processing
  • Global Computer Hardware Manufacturing
  • Global Forestry
  • Global Iron and Steel Pipe and Tube Manufacturing
  • Other Global Manufacturing

  • Products & Services
  • Surface vessels
  • Submarines
  • Chart: Global Military Shipbuilding & Submarines Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Rest of the world
  • The US military
  • China
  • Russia
  • Chart: Major Market Segmentation for the Global Military Shipbuilding & Submarines Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and rent and utilities
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Global Military Shipbuilding & Submarines

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Military Shipbuilding & Submarines Industry

  • Industry Globalization
    Major Companies
    General Dynamics CorporationHuntington Ingalls Industries Inc.BAE Systems plcUnited Shipbuilding Corp.DCNS SA
  • Table: General Dynamics Corporation - financial performance
  • Table: Huntington Ingalls Industries Inc. - financial performance
  • Table: BAE Systems plc - financial performance
  • Table: United Shipbuilding Corp. - financial performance
  • Table: DCNS SA - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Global Military Shipbuilding & Submarines Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Global Military Shipbuilding & Submarines Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Non-NATO defense spending (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Blue Water Navy
  • A navy able to operate beyond its region on a sustained and large scale.
  • Frigate
  • A warship. In modern navies, frigates are used to protect other warships, especially as anti-submarine warfare combatants.
  • Littoral Combat
  • In military and naval warfare, this refers to operations in and around the littoral zone, within a certain distance of shore, including surveillance, mine-clearing and support.
  • Long Ton
  • Unit used to define the amount if water displaced by a vessel. One long ton is equal to 35 cubic feet of displaced water (of density 1.025 g/ml).
  • Submarine
  • A watercraft capable of independent operation below water. It differs from a submersible, which has only limited underwater capability.
  • Supercarrier
  • An informal term classifying aircraft carriers exceeding 70,000 long tons.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Military Shipbuilding & Submarines:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Military Shipbuilding & Submarines market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Military Shipbuilding & Submarines, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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