Global Military Shipbuilding & Submarines
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.
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.
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