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. Industry operators design, build, repair, maintain and overhaul naval vessels ranging from aircraft carriers to submarines. 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. In particular, European states reduced spending on naval vessels as the full impact of slow economic growth and the Euro Crisis took their toll.
Firms 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.