Naval Shipbuilding Market Surges 50% Amid Geostrategic Shifts, Report Finds
A new report, the World Defense Shipbuilding 2026 study, indicates a 50% surge in the global military and paramilitary shipbuilding market between 2024-2025, reaching $122 billion. China has significantly outpaced the US in production volume. The report also highlights a substantial increase in submarine construction and the growing integration of unmanned surface and underwater vehicles into naval fleets, driven by lessons from recent conflicts. Developments in hypersonic missiles and a parallel space race for maritime surveillance are also noted.
Why it matters
The global naval shipbuilding market is experiencing an unprecedented boom driven by strategic realignments and the return of high-intensity naval warfare.
Source: Naval News — read the original
Source published 22 Oct 2026, 13:51 UTC