Dublin, June 28, 2023 (GLOBE NEWSWIRE) -- The "Global Submarine Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The global submarine market is forecasted to grow by USD 8.99 billion during 2022-2027, accelerating at a CAGR of 5.45% during the forecast period.
The market is driven by fleet replacement programs, advances in undersea warfare, and growing arms race among countries. This study identifies the multi-mission submarines as one of the prime reasons driving the submarine market growth during the next few years. Also, collaborative programs and integration of lithium-ion (Li-ion) batteries will lead to sizable demand in the market.
The report on the submarine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The submarine market is segmented as below:
By Type
- SSN
- SSBN
- SSK
By Application
- Military
- Commercial
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading submarine market vendors that include:
- Anschutz
- ASC Pty Ltd.
- BAE Systems PLC
- Daewoo Shipbuilding and Marine Engineering Co. Ltd.
- Fincantieri S.p.A.
- General Dynamics Corp.
- Hyundai Heavy Industries Co. Ltd.
- Kawasaki Heavy Industries Ltd.
- Lockheed Martin Corp.
- Mazagon Dock Shipbuilders Ltd.
- Mitsubishi Heavy Industries Ltd.
- NauticExpo
- Naval Group
- Navantia SA
- Saab AB
- Submarine Manufacturing and Products Ltd.
- The Boeing Co.
- thyssenkrupp AG
- Triton Submarines LLC
- United Shipbuilding Corp.
Also, the submarine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
For more information about this report visit https://www.researchandmarkets.com/r/xs1di1
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