Global Military Shipbuilding & Submarines - Industry Market Research Report

  • ID: 3799686
  • Report
  • Region: Global
  • 38 pages
  • IBISWorld
1 of 4
<P></P>

FEATURED COMPANIES

  • BAE Systems plc
  • Naval Group
  • United Shipbuilding Corp.
  • MORE

Global Military Shipbuilding & Submarines

Over the five years to 2018, the Global Military Shipbuilding and Submarines industry has slowly expanded, tempered by pressured defense spending in Europe and the United States during the initial 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. However, as western governments dealt with the fiscal consequences of the global economic slowdown they in turn cut back on naval spending, which has only recently begun to recover. In particular, European states reduced spending on naval vessels as the full impact of slow economic growth and the Euro Crisis took their toll. Over the five years to 2023, industry revenue is forecast to grow strongly. Together, continued economic growth and geopolitical tensions in Asia are anticipated to encourage more countries in the region to spend on industry products. At the same time, despite overall defense budget pressure, the United States is also expected to increase spending on new ships, as it pivots its Navy toward the more maritime-focused Asia, while also modernizing its fleet.

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.

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.

READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • BAE Systems plc
  • Naval Group
  • United Shipbuilding Corp.
  • MORE
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • BAE Systems plc
  • General Dynamics Corporation
  • Huntington Ingalls Industries Inc.
  • United Shipbuilding Corp.
  • Naval Group
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll