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Global Submarine Market

  • Published Date: 21 Feb 2018
  • Number of Pages: 196
  • Category: Defense
  • Country: Global
By 2022, the Global Submarine Market is estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period.Submarines are underwater naval platforms that form an essential component of the naval fleets owing to their multi operational capabilities. In addition to a nuclear deterrent role, submarines are also being extensively used for surveillance and reconnaissance, intelligence gathering, and patrolling and securing maritime borders and trade routes.

The Lithium ion batteries can store up to twice as much energy as the lead acid batteries and can be fully charged at a faster rate as well. Additionally, these batteries can even be recharged at sea by snorkelling and have minimal maintenance. These advantages will result in the integration of Li-ion batteries in submarines, which will be one of the major market trends that will gain traction in the forecast period.

Market Dynamics

Rising transnational terrorism and growing arms race among countriesare the primary factors propelling the growth of the global submarine market. With the growing number of conflicts involving maritime borders and trade routes, more and more countries are trying to improve their underwater combat skills. To obtain military supremacy, countries are increasingly focusing on developing high end submarines using the latest technologies, which subsequently drives the market growth.

However, shortage of skilled professionals, high cost of maintenance and replacement of ageing fleet with the shrinking defence budget are the major challenges to the market growth.

Market Segmentation

The global submarinemarketis fragmented on the basis oftype.

Type
> Nuclear-Powered Attack Submarine (SSN)
> Nuclear-Powered Ballistic Missile Submarine (SSBN)
> Kilo-Class Submarine (SSK)
Geographical Analysis

The United States is the highest spender in the global submarines market, followed closely by Asia-Pacific. The emerging economies of Asia Pacific have started enhancing their naval capabilities and are increasingly investing in the submarine market.

Key Players

The global submarine market is a highly dynamic and competitive industry, with vendors constantly competing on the basis of the cost of production, quality, reliability, and aftermarket service. The leading players identified in the market include BAE Systems, Daewoo Shipbuilding & Marine Engineering, Fincantieri, General Dynamics Electric Boat, Huntington Ingalls Industries, Kawasaki Heavy Industries, Lockheed Martin, Mitsubishi Heavy Industries, Saab, and Thales.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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