New

Naval Shipbuilding Market

2021

Naval Shipbuilding Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Ship Type (Surface Ships , Submarines); Engine Type (Internal Combustion Engine, Electric Engine) and Geography

| Report Code: TIPRE00025430 | No. of Pages: 150 | Category: Aerospace and Defense | Status: Upcoming

Market Insights

Naval Shipbuilding Market 2028 By Ship Type, Engine Type and Geography | The Insight Partners

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MARKET OVERVIEW

The ongoing advancement in technology to build greater defense capability has created a significant demand for more complex naval vessels with a better and smarter technology. Particularly, major defense manufacturers are focusing on developing sophisticated systems, such as weapons, sensors and communication systems in modern warships. The technologies that are driving the global naval shipbuilding market include 3D printing, shipbuilding robotics, ballast free ship design, LNG fueled engines, solar and wind powered ships, and Bucky paper (thin sheet made up of carbon nanotubes). The market is marked by the ongoing naval conflict between various geographical powers. For instance, the US Navy has proposed FY2022 budget requests $18.1 billion for construction of new ships within its shipbuilding budget.

MARKET SCOPE

The "Global Naval Shipbuilding Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Naval Shipbuilding market with detailed market segmentation by ship type and geography. The global Naval Shipbuilding market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Naval Shipbuilding market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on Ship Type, the market can be segmented into Surface Ships (aircraft carriers, cruisers, destroyers, frigates, corvettes, large patrol vessels) and Submarines.
  •   On the basis of Engine Type, the market can be segmented into Internal Combustion Engine, and Electric Engine.

MARKET DYNAMICS
Drivers:

  •   Advancement in shipbuilding technologies such as 3D printing, shipbuilding robotics, and ballast free ship design.
  •   Increasing geo-political conflicts and requirement to strengthen the naval forces

Restraints:

  •   High cost of research and development for developing countries

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Naval Shipbuilding market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Naval Shipbuilding market in these regions.

IMPACT OF COVID-19 ON NAVAL SHIPBUILDING MARKET

The outbreak of the COVID-19 has severely impacted defense-related industries. The disruption in the global supply chain created a significant shortage in supply for the production of naval vessels during the pandemic's peak in 2020. Various key market players started adopting stringent measures to reduce supply chain disruption. For instance, BAE Systems focused on minimizing the impact on their supply ecosystem by meeting their payment obligations and working together in close harmony with the suppliers. However, during 2021, the advent of geopolitical conflicts and the rising need to upgrade naval warfare systems to ensure coastal and maritime security have created sufficient demand for Naval Shipbuilding. For instance, in the US, A September 2021 Congressional Budget Office (CBO) report estimated that the fleet envisaged on June 17, 2021, long-range Navy shipbuilding document would cost an average of $25.3 billion to $32.7 billion per year after FY2021. These figures are 10% to 43% higher than the $22.9 billion in FY2021 that Congress appropriated, on average, for the complete Navy shipbuilding activities over the past three years. Therefore, the plummeting global military Naval Shipbuilding market faces a short-term impact due to COVID-19 and is regaining momentum by the end of 2021.



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MARKET PLAYERS


The report covers key developments in the Naval Shipbuilding market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Naval Shipbuilding market are anticipated to lucrative growth opportunities in the future with the rising demand for Naval Shipbuilding in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Naval Shipbuilding market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   BAE Systems
  •   Cochin Shipyard Limited
  •   Daewoo Shipbuilding & Marine Engineering Co., Ltd
  •   Huntington Ingalls Industries, Inc.
  •   Hyundai Heavy Industries Co., Ltd.
  •   HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
  •   MITSUBISHI HEAVY INDUSTRIES, LTD.
  •   Saab AB
  •   Samsung Heavy Industries
  •   Shanghai Waigaoqiao Shipbuilding Co., Ltd.
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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Naval Shipbuilding Market - By Ship Type
1.3.2 Naval Shipbuilding Market - By Engine Type
1.3.3 Naval Shipbuilding Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. NAVAL SHIPBUILDING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. NAVAL SHIPBUILDING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. NAVAL SHIPBUILDING MARKET - GLOBAL MARKET ANALYSIS
6.1. NAVAL SHIPBUILDING - GLOBAL MARKET OVERVIEW
6.2. NAVAL SHIPBUILDING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. NAVAL SHIPBUILDING MARKET - REVENUE AND FORECASTS TO 2028 - SHIP TYPE
7.1. OVERVIEW
7.2. SHIP TYPE MARKET FORECASTS AND ANALYSIS
7.3. SURFACE SHIPS
7.3.1. Overview
7.3.2. Surface Ships Market Forecast and Analysis
7.3.3. Aircraft Carriers Market
7.3.3.1. Overview
7.3.3.2. Aircraft Carriers Market Forecast and Analysis
7.3.4. Cruisers Market
7.3.4.1. Overview
7.3.4.2. Cruisers Market Forecast and Analysis
7.3.5. Destroyers Market
7.3.5.1. Overview
7.3.5.2. Destroyers Market Forecast and Analysis
7.3.6. Frigates Market
7.3.6.1. Overview
7.3.6.2. Frigates Market Forecast and Analysis
7.3.7. Corvettes Market
7.3.7.1. Overview
7.3.7.2. Corvettes Market Forecast and Analysis
7.3.8. Large Patrol Vessels Market
7.3.8.1. Overview
7.3.8.2. Large Patrol Vessels Market Forecast and Analysis
7.4. SUBMARINES
7.4.1. Overview
7.4.2. Submarines Market Forecast and Analysis
8. NAVAL SHIPBUILDING MARKET - REVENUE AND FORECASTS TO 2028 - ENGINE TYPE
8.1. OVERVIEW
8.2. ENGINE TYPE MARKET FORECASTS AND ANALYSIS
8.3. INTERNAL COMBUSTION ENGINE
8.3.1. Overview
8.3.2. Internal Combustion Engine Market Forecast and Analysis
8.4. ELECTRIC ENGINE
8.4.1. Overview
8.4.2. Electric Engine Market Forecast and Analysis

9. NAVAL SHIPBUILDING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Naval Shipbuilding Market Overview
9.1.2 North America Naval Shipbuilding Market Forecasts and Analysis
9.1.3 North America Naval Shipbuilding Market Forecasts and Analysis - By Ship Type
9.1.4 North America Naval Shipbuilding Market Forecasts and Analysis - By Engine Type
9.1.5 North America Naval Shipbuilding Market Forecasts and Analysis - By Countries
9.1.5.1 United States Naval Shipbuilding Market
9.1.5.1.1 United States Naval Shipbuilding Market by Ship Type
9.1.5.1.2 United States Naval Shipbuilding Market by Engine Type
9.1.5.2 Canada Naval Shipbuilding Market
9.1.5.2.1 Canada Naval Shipbuilding Market by Ship Type
9.1.5.2.2 Canada Naval Shipbuilding Market by Engine Type
9.1.5.3 Mexico Naval Shipbuilding Market
9.1.5.3.1 Mexico Naval Shipbuilding Market by Ship Type
9.1.5.3.2 Mexico Naval Shipbuilding Market by Engine Type
9.2. EUROPE
9.2.1 Europe Naval Shipbuilding Market Overview
9.2.2 Europe Naval Shipbuilding Market Forecasts and Analysis
9.2.3 Europe Naval Shipbuilding Market Forecasts and Analysis - By Ship Type
9.2.4 Europe Naval Shipbuilding Market Forecasts and Analysis - By Engine Type
9.2.5 Europe Naval Shipbuilding Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Naval Shipbuilding Market
9.2.5.1.1 Germany Naval Shipbuilding Market by Ship Type
9.2.5.1.2 Germany Naval Shipbuilding Market by Engine Type
9.2.5.2 France Naval Shipbuilding Market
9.2.5.2.1 France Naval Shipbuilding Market by Ship Type
9.2.5.2.2 France Naval Shipbuilding Market by Engine Type
9.2.5.3 Italy Naval Shipbuilding Market
9.2.5.3.1 Italy Naval Shipbuilding Market by Ship Type
9.2.5.3.2 Italy Naval Shipbuilding Market by Engine Type
9.2.5.4 United Kingdom Naval Shipbuilding Market
9.2.5.4.1 United Kingdom Naval Shipbuilding Market by Ship Type
9.2.5.4.2 United Kingdom Naval Shipbuilding Market by Engine Type
9.2.5.5 Russia Naval Shipbuilding Market
9.2.5.5.1 Russia Naval Shipbuilding Market by Ship Type
9.2.5.5.2 Russia Naval Shipbuilding Market by Engine Type
9.2.5.6 Rest of Europe Naval Shipbuilding Market
9.2.5.6.1 Rest of Europe Naval Shipbuilding Market by Ship Type
9.2.5.6.2 Rest of Europe Naval Shipbuilding Market by Engine Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Naval Shipbuilding Market Overview
9.3.2 Asia-Pacific Naval Shipbuilding Market Forecasts and Analysis
9.3.3 Asia-Pacific Naval Shipbuilding Market Forecasts and Analysis - By Ship Type
9.3.4 Asia-Pacific Naval Shipbuilding Market Forecasts and Analysis - By Engine Type
9.3.5 Asia-Pacific Naval Shipbuilding Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Naval Shipbuilding Market
9.3.5.1.1 Australia Naval Shipbuilding Market by Ship Type
9.3.5.1.2 Australia Naval Shipbuilding Market by Engine Type
9.3.5.2 China Naval Shipbuilding Market
9.3.5.2.1 China Naval Shipbuilding Market by Ship Type
9.3.5.2.2 China Naval Shipbuilding Market by Engine Type
9.3.5.3 India Naval Shipbuilding Market
9.3.5.3.1 India Naval Shipbuilding Market by Ship Type
9.3.5.3.2 India Naval Shipbuilding Market by Engine Type
9.3.5.4 Japan Naval Shipbuilding Market
9.3.5.4.1 Japan Naval Shipbuilding Market by Ship Type
9.3.5.4.2 Japan Naval Shipbuilding Market by Engine Type
9.3.5.5 South Korea Naval Shipbuilding Market
9.3.5.5.1 South Korea Naval Shipbuilding Market by Ship Type
9.3.5.5.2 South Korea Naval Shipbuilding Market by Engine Type
9.3.5.6 Rest of Asia-Pacific Naval Shipbuilding Market
9.3.5.6.1 Rest of Asia-Pacific Naval Shipbuilding Market by Ship Type
9.3.5.6.2 Rest of Asia-Pacific Naval Shipbuilding Market by Engine Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Naval Shipbuilding Market Overview
9.4.2 Middle East and Africa Naval Shipbuilding Market Forecasts and Analysis
9.4.3 Middle East and Africa Naval Shipbuilding Market Forecasts and Analysis - By Ship Type
9.4.4 Middle East and Africa Naval Shipbuilding Market Forecasts and Analysis - By Engine Type
9.4.5 Middle East and Africa Naval Shipbuilding Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Naval Shipbuilding Market
9.4.5.1.1 South Africa Naval Shipbuilding Market by Ship Type
9.4.5.1.2 South Africa Naval Shipbuilding Market by Engine Type
9.4.5.2 Saudi Arabia Naval Shipbuilding Market
9.4.5.2.1 Saudi Arabia Naval Shipbuilding Market by Ship Type
9.4.5.2.2 Saudi Arabia Naval Shipbuilding Market by Engine Type
9.4.5.3 U.A.E Naval Shipbuilding Market
9.4.5.3.1 U.A.E Naval Shipbuilding Market by Ship Type
9.4.5.3.2 U.A.E Naval Shipbuilding Market by Engine Type
9.4.5.4 Rest of Middle East and Africa Naval Shipbuilding Market
9.4.5.4.1 Rest of Middle East and Africa Naval Shipbuilding Market by Ship Type
9.4.5.4.2 Rest of Middle East and Africa Naval Shipbuilding Market by Engine Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Naval Shipbuilding Market Overview
9.5.2 South and Central America Naval Shipbuilding Market Forecasts and Analysis
9.5.3 South and Central America Naval Shipbuilding Market Forecasts and Analysis - By Ship Type
9.5.4 South and Central America Naval Shipbuilding Market Forecasts and Analysis - By Engine Type
9.5.5 South and Central America Naval Shipbuilding Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Naval Shipbuilding Market
9.5.5.1.1 Brazil Naval Shipbuilding Market by Ship Type
9.5.5.1.2 Brazil Naval Shipbuilding Market by Engine Type
9.5.5.2 Argentina Naval Shipbuilding Market
9.5.5.2.1 Argentina Naval Shipbuilding Market by Ship Type
9.5.5.2.2 Argentina Naval Shipbuilding Market by Engine Type
9.5.5.3 Rest of South and Central America Naval Shipbuilding Market
9.5.5.3.1 Rest of South and Central America Naval Shipbuilding Market by Ship Type
9.5.5.3.2 Rest of South and Central America Naval Shipbuilding Market by Engine Type

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. NAVAL SHIPBUILDING MARKET, KEY COMPANY PROFILES
11.1. BAE SYSTEMS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. COCHIN SHIPYARD LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HUNTINGTON INGALLS INDUSTRIES, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HYUNDAI HEAVY INDUSTRIES CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MITSUBISHI HEAVY INDUSTRIES, LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAAB AB
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAMSUNG HEAVY INDUSTRIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHANGHAI WAIGAOQIAO SHIPBUILDING CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.BAE Systems
2.Cochin Shipyard Limited
3.Daewoo Shipbuilding & Marine Engineering Co., Ltd
4.Huntington Ingalls Industries, Inc.
5.Hyundai Heavy Industries Co., Ltd.
6.HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
7.MITSUBISHI HEAVY INDUSTRIES, LTD.
8.Saab AB
9.Samsung Heavy Industries
10.Shanghai Waigaoqiao Shipbuilding Co., Ltd.
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