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REGIONAL AIRCRAFT MARKET STABILIZING; LONG-TERM GROWTH PROJECTED
Sep 23, 2016
FORECAST INTERNATIONAL: INSATIABLE DEMAND FOR DATA AND CONNECTIVITY DRIVE COMMERCIAL SATELLITE MARKET
Sep 12, 2016
GLOBAL DEFENSE MARKET ON UPSWING AS ASIA SPEARHEADS GROWTH
Sep 08, 2016
FROM CIVIL DISOBEDIENCE TO TOTAL WAR – THE FLOW OF INFORMATION REMAINS PROFITABLE
Sep 01, 2016
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION GAS TURBINE MARKET WORTH A STAGGERING $1.2 TRILLION
Aug 22, 2016
FORECAST INTERNATIONAL PROJECTS NAVAL RADAR MARKET WORTH MORE THAN $13 BILLION OVER 10 YEARS
Jul 18, 2016
SMALLSATS PLAY GROWING ROLE IN $29 BILLION REMOTE SENSING SATELLITE MARKET
Jul 13, 2016
FORECAST INTERNATIONAL: F-35 LIGHTNING II TO DOMINATE FIGHTER MARKET
Jul 12, 2016
FORECAST INTERNATIONAL PROJECTS $2.74 TRILLION LARGE JETLINER MARKET OVER NEXT 10 YEARS
Jul 11, 2016
FORECAST INTERNATIONAL EXPECTS AIRBUS AND BOEING BACKLOGS WILL DECLINE IN 2016
Jun 16, 2016
U.S. NAVY'S NEXT-GEN JAMMER TO LEAD 10-YEAR, $5 BILLION ELECTRONIC ATTACK MARKET
Jun 06, 2016
ELECTRONICS CONTINUE TO DOMINATE THE LANDSCAPE, WHILE SLEP LOOMS AS A PRIORITY FOR THE FIGHTER/ATTACK/TRAINER R&M MARKET
May 09, 2016
FORECAST INTERNATIONAL SEES SYRIAN CONFLICT DRIVING NEIGHBORS' SECURITY POSTURES
Mar 28, 2016
U.S. DEFENSE ELECTRONICS – SIGNS OF GROWTH AS BUDGETS REMAIN TIGHT
Mar 21, 2016
FORECAST INTERNATIONAL: CHANGES IN COMPETITIVE LANDSCAPE HIGHLIGHT MEDIUM/HEAVY MILITARY ROTORCRAFT MARKET
Feb 22, 2016
FORECAST INTERNATIONAL INTRODUCES DYNAMIC NEW SITE; SEES BRIGHT FUTURE FOR POWER & ENERGY MARKETS
Dec 08, 2015
BIZJET PROSPECTS BRIGHTEN AS U.S. CUSTOMERS RETURN TO THE MARKET
Nov 17, 2015
REGIONAL AIRCRAFT MARKET READY FOR TAKEOFF
Nov 09, 2015

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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