Global Submarine Combat Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Submarine Combat Systems Market: Overview
“The global Submarine Combat Systems Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Submarine combat systems contains software and hardware systems that are installed in the submarine. They are designed to detect and destroy the enemy vessel or any type of the target. Submarine combat systems are used for surveillance, communication, command and control of the vessel as well as firing ammunition.
Global Submarine Combat Systems Market: Dynamics
Increasing demand for submarine combat systems in naval forces of various countries is a key factor driving growth of the global submarine combat systems market. In addition, rising adoption of new and advanced technology in defense sector, coupled with increasing military budget in developing countries are factors propelling growth of the global market.
Furthermore, upgradation of old technology as well as increasing strategic importance of ship submersible hunter killer ships are also factor expected to support growth of the global submarine combat systems market over the forecast period.
However, defense sector budget cuts in developed countries in a factor that may hamper growth of the global submarine combat systems market. in addition, high maintenance cost of submarine combat systems is another challenging factor that could affect growth of the global market. Nevertheless, increasing area of application of electronic support measures in submarines can create high revenue opportunities for players in the target market.
Global Submarine Combat Systems Market: Segment Analysis
Among the system segments, the electronic support measures segment is expected to register high growth in terms of revenue in the near future. Electronic support measures, also known as electronic support, are used to locate, identify, detect electromagnetic sources in order to recognize threat. This system provides information regarding target to operators, and is a factor driving growth of electronic support measures segment in the global market.
Among the submarine type segments, the ship submersible hunter killer segment is expected to account for significant share in terms of revenue over the forecast period. Ship submersible hunter killer are designed for attacking and sinking enemy ships. High adoption of submersible hunter killer ships is a factor fueling growth of this segment the target market.
Global Submarine Combat Systems Market: Region Analysis
Market in Asia Pacific expected to account for major share in terms of revenue over the forecast period. Increasing defense budget in countries in this region such as China and India is a major factor driving growth of the target market. In addition, increasing geo-political tensions, especially in North China sea is another factor anticipated to support growth of the submarine combat market in Asia Pacific.
Market in Europe is anticipated to account for second-highest share in terms of revenue, followed by North America. Upgradation of old submarines is a factor supporting growth of the target market in this region. However, stringent arms transfer technology among different countries is a factor that could affect growth of the target market in this region.
Global Submarine Combat Systems Market Segmentation:
Segmentation by System:
- Electronic Support Measures (ESM)
Segmentation by Submarine Type:
- Ship Submersible Nuclear
- Ship Submersible Ballistic Nuclear
- Ship Submersible Hunter Killer
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Saab AB
- Lockheed Martin Corporation
- Kongsberg Gruppen ASA
- General Dynamics Corporation
- ATLAS ELEKTRONIK GmbH
- Raytheon Company
- BAE Systems plc
- Leonardo S.p.a (Leonardo-Finmeccanica SAP)
- DCNS SA
- HAVELSAN, Inc.
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