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FORECAST INTERNATIONAL PREDICTS $213 BILLION REGIONAL MARKET OVER 15 YEARS
Sep 26, 2017
FULL SPEED AHEAD FOR ANTI-SHIP MISSILE MARKET
Sep 13, 2017
AIRCRAFT CARRIERS MARK GROWTH OF REGIONAL NAVIES
Sep 12, 2017
TWO SHIP COLLISIONS RAISE QUESTIONS
Aug 24, 2017
RISING TENSIONS IN THE KOREAN PENINSULA HIGHLIGHT THAAD MISSILE'S KEY ROLE
Aug 10, 2017
FORECAST INTERNATIONAL LAUNCHES IMPROVED U.S. DEFENSE BUDGET DATABASE
Aug 08, 2017
FORECAST INTERNATIONAL: BOEING ON A ROLL; BOTH CIVIL AND MILITARY MARKETS REMAIN STRONG
Aug 01, 2017
DEFENSE FIRMS SEE STRONG GROWTH POTENTIAL AS UPSWING BEGINS
Jul 18, 2017
COMMERCIAL COMSAT MAKERS CASHING IN ON HOT MARKET
Jul 12, 2017
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION TURBOSHAFT MARKET WORTH $34 BILLION
Jun 20, 2017
FORECAST INTERNATIONAL PREDICTS $4.15 TRILLION LARGE JETLINER MARKET OVER 15 YEARS
Jun 19, 2017
FOLLOWING U.S. ATTACK ON SYRIAN AIR BASE, FI OFFERING DETAILED TOMAHAWK CRUISE MISSILE REPORT
Apr 07, 2017
POLITICS TO AFFECT SHAPE OF U.S. DEFENSE ELECTRONICS MARKET
Mar 28, 2017
FORECAST INTERNATIONAL: HIGHER DEFENSE BUDGETS LIKELY TO GIVE MEDIUM/HEAVY MILITARY ROTORCRAFT MARKET A LIFT
Mar 07, 2017
FORECAST INTERNATIONAL ISSUES 'LAUNCH VEHICLES: YEAR IN REVIEW 2016.' STAGE SET FOR RENEWED ACTIVITY IN 2017
Jan 30, 2017
FPSO CONSTRUCTION POWERING MECHANICAL DRIVE MARKET
Dec 13, 2016
ROLLS-ROYCE RULES THE NAVAL GAS TURBINE MARKET
Dec 12, 2016
FORECAST INTERNATIONAL RELEASES VERSION 3.1 OF ITS PLATINUM FORECAST SYSTEM
Dec 07, 2016
BUSINESS JET MARKET TO RESUME POSITIVE GROWTH TREND
Oct 31, 2016

Press Release

Contact: Stuart Slade, Defense Analyst
Phone: (203) 426-0800
Fax: (203) 426-4262
Web site: www.forecastinternational.com
E-mail: stu.slade@forecast1.com
Forecast International, Inc.
22 Commerce Rd. Newtown, CT 06470 USA

FOR IMMEDIATE RELEASE

FI Projects a $106+ Billion Submarine Market


NEWTOWN, Conn. [January 10, 2011] — Forecast International’s “The Market for Submarines” analysis projects that 111 submarines worth $106.7 billion will be produced from 2011-2020. The average value of these submarines will be $960 million, an indicator of the growing complexity of the modern submarine and the increasing use of air-independent propulsion, both of which add substantially to the cost of diesel-electric boats.

"Over the long term, constant shifts in the structure of construction costs and the steadily growing number of countries that are interested in nuclear-powered submarines mean that the average cost of submarines will continue to increase on an annual basis," said warships analyst Stuart Slade, author of the report.

The submarine market is divided into three subsectors. The first is the market for ballistic missile submarines, or SSBNs. There are 13 such submarines on order or under construction. These represent 11.7 percent of the total market in terms of numbers but are valued at $26 billion, representing 24.5 percent of the total value of the market. The average unit cost of the SSBNs is $2.0 billion.

In the long term, both the British and U.S. navies are evaluating possible successors to their existing SSBN units, the Vanguard and Ohio classes, respectively. The British program is designated SSBN(R) or Successor; the U.S. program, SSBN(X). Both navies have elected to stay with the traditional SSBN concept, although both SSBN(X) and SSBN(R) will carry significantly fewer missiles than their predecessors did. Overall, the SSBN sector looks healthier now than it has in many years.

The second sector is the market for nuclear-powered attack submarines, or SSNs. The projections show sales of 27 such submarines, representing 24 percent of the total number and valued at $48.32 billion. This represents 45.7 percent of the total funding for all submarines over the forecast period. The average unit value of the SSNs covered in this survey is $1.79 billion. Interestingly, the differential in value between SSNs and SSBNs has fallen precipitously over the last few years.

The final sector is the market for SSKs, or diesel-electric submarines. From 2011-2020, 71 of these boats will be built, representing 64 percent of the total. They are valued at $32.4 billion, representing 30.36 percent of the total expenditure on submarines from 2011-2020. A notable factor this year is that the average cost of diesel-electric submarines has increased to $456 million.

Forecast International, Inc. (http://www.forecastinternational.com) is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. To arrange an interview with Forecast International’s editors, please contact Ray Peterson, Vice President, Research & Editorial Services (203) 426-0800, ray.peterson@forecast1.com. Proprietary Special Research is also available. Contact Jonathan Watson, Managing Director, The Forecast Consulting Group (j.watson@forecast1.com). Questions regarding Sales may be directed to sales@forecast1.com.



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