Global Military Shipbuilding & Submarines - Industry Market Research Report

Global Military Shipbuilding & Submarines

Over the five years to 2019, the Global Military Shipbuilding and Submarines industry has expanded, tempered by pressured defense spending in Europe and the United States during the first half of the period. Western governments make up the largest market for industry operators, which design, build, repair, maintain and overhaul naval vessels ranging from aircraft carriers to submarines. despite hitting rough waters during the beginning of the five-year period, industry revenue growth eventually stabilized and has trended upward. The United States has kept up spending on shipbuilding and conversion as the country has sought to maintain its ability to project power abroad, protect trade lanes and defend allies. Continued economic growth and geopolitical tensions in Asia are anticipated to encourage more countries in the region to spend on industry products. However, economically troubled western European nations are anticipated to continue to temper significant investments into industry projects.

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 enterprises manufacture frigates, destroyers, cruisers, amphibious transport ships, aircraft carriers, patrol ships and submarines. These enterprises provide ship repair and conversion activities. Boat manufacturers build boats, cabin cruisers, dinghies, jet boats, patrol boats and rowboats for navies and coast guards.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.