Smooth sailing: Increases in defense budgets will ensure stable industry revenue growth

Over the five years to 2017, the Global Military Shipbuilding and Submarines industry has gradually expanded, despite tempered performance experienced early on in the period due to pressured defense spending as western governments dealt with the fiscal consequences of the global economic slowdown they in turn cut back on naval spending. Over the five years to 2022, industry revenue is forecast to continue to trend upward as continued economic growth and geopolitical tensions are anticipated to encourage more countries in the region to spend on industry products...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Report - Industry Products Chapter

Industry players typically carry out multiple tasks depending on their size and specialty. Overall, the primary functions of industry operators are shipbuilding and design of vessels as well as conversions, modernization, repair and maintenance of those vessels.Surface vesselsProjects related to surface vessels account for an estimated 70.8% of industry revenue. Examples of surface vessels include destroyers, frigates, cruisers, corvettes, aircraft carriers, auxiliary ships and landing ships. Frigates, destroyers and cruisers make up the backbone of most large navies. These ships serve various roles, including escort, attack (both other ships and land-based targets) and antisubmarine/aircraft missions. Corvettes are smaller, typically lightly armed, warships. The...purchase to read more.

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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    What's in this report

    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

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

  • Current Performance
    Duality of demandProfitability and other trends
  • Chart: Revenue Growth

  • Industry Outlook
    Western nations' military spendingNon-NATO nations to drive industry growthProfitability 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

  • 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
  • Other
  • 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
    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
    Huntington Ingalls Industries Inc., General Dynamics Corporation, United Shipbuilding Corp., BAE Systems plc, Naval Group,
  • Table: Huntington Ingalls Industries Inc. - financial performance
  • Table: General Dynamics Corporation - financial performance
  • Table: United Shipbuilding Corp. - financial performance
  • Table: BAE Systems plc - financial performance
  • Table: Naval Group - financial performance

  • 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
    Table: Industry Data for the Global Military Shipbuilding & Submarines Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Non-NATO defense spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    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.

    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
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    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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