Scope of the Study
The global submarine combat system market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising global defense expenditure, the growing demand for retrofitment of existing submarine fleet, and rising demand for straghtening the naval forces of different countries are some of the major factors aiding into the growth for the market.
The market study is being classified by Type (Electronic Warfare Systems, Torpedoes, Missiles and Mines), by Application (Nuclear Submarines and Non-Nuclear Submarines) and major geographies with country level break-up.
BAE Systems (United Kingdom), Lockheed Martin Corporation (United States), Thales Group (France), Saab AB (Sweden), Raytheon Technologies (United States), General Dynamics (United States), Leonardo S.p.A (Italy), Safran (France), Atlas Elektronik GmbH (Germany), HAVELSAN A.Ş. (Turkey) and Kongsberg Defence & Aerospace (Norway) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on development and innovative submarine combat system to cater to market's demand to remain competitive in the global market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Submarine Combat System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Submarine Combat System market by Type, Application and Region.
On the basis of geography, the market of Submarine Combat System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Global Defense Expenditure
- Rising Demand from Retrofitment of Old Fleet of Submarines
- Growing Demand to Strengthen the Naval Forces of Different Countries
- Modernization of Military Programs & Operations
- Opportunities to Diversify into the Regions Such as Asia-Pacific
- Challenges in Retrofitment of Existing Fleet of Submarines
Market Leaders and their expansionary development strategies
In September 2019, Konsberg announced that it has launched a new combat system for non-nuclear submarine applications through kta naval systems, a joint venture between Germany’s thyssenkrupp Marine Systems and Norway’s Kongsberg.
In February 2020, Thales Group announced that it has won a contract worth USD 404.7 million from United States Royal Navy to equip the Royal Navy Continuous at Sea Deterrent (CASD) submarines with the latest Sonar 2076 system and Combat System Mast.
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