DUBLIN--(BUSINESS WIRE)--The "Global Undersea Warfare Systems Market 2017-2027" report has been added to Research and Markets' offering.
Global undersea warfare systems (USW) market, valued at US$11.0 Billion in 2017, is projected grow at a CAGR of 3.85% to a value of US$16.1 Billion by 2027.
The cumulative market for global expenditure on undersea warfare is valued at US$148.7 Billion over the forecast period.
The demand for USW systems is expected to be driven by growing disputes over maritime borders, offshore resources and trade routes. Anti-access area denial (A2/AD) and counter A2/AD are becoming a vital part of maritime strategies employed by major navies across the world and undersea warfare is expected to regain its prominence.
Undersea Warfare Systems market is split into four segments: Combat Systems, Manned & Unmanned Systems, Sensors, and Communication & Countermeasures. During the forecast period, Combat Systems are expected to account for the largest share of spending, accounting for 61.5% of the overall global market.
Manned & Unmanned Systems segment is projected to be the third largest segment over the forecast period, and is expected to account for a total share of 13.8% of the global market. The remaining 9.4% share of the overall USW market is expected to be accounted by the Communication & Countermeasures segment during 2017-2027. Asia Pacific, North America and Europe are projected to account for the first, second and third largest markets in this segment respectively.
Global Undersea Warfare Systems market is expected to be led by Asia Pacific with a share of 34.1% over the forecast period, followed by North America with 31.5%, which in turn is closely followed by Europe with a share of 28.0%. The Middle Eastern market is expected to account for 3.3%, followed by the Latin America and African markets with a collective share of 3.0%.
Asia Pacific, the largest market for the USW systems with a cumulative market of US$50.8 Billion, is characterized by incremental year-on-year investments by China, India, Australia, Japan, South Korea and other fast growing nations owing to regional power projection mechanisms, maritime conflicts and protection of maritime natural resources. North America represents the second largest market, with total spending on USW systems valued at US$46.9 Billion over the forecast period.
Key Topics Covered:
- Executive Summary
- Global Undersea Warfare Systems Market - Overview
- Market Dynamics
- Undersea Warfare Systems Market - Segment Analysis
- Regional Review
- Undersea Warfare Systems Market - Regional Analysis
- Trend Analysis - Key Defense Markets
- ATLAS ELEKTRONIK GmbH
- BAE Systems plc
- DRS Technologies, Inc.
- ECA Group
- General Dynamics Corporation
- Harris Corporation
- Kongsberg Gruppen
- Lockheed Martin Corporation
- Northrop Grumman
- Raytheon Company
- S.A. de Electronica Submarina (SAES)
- Saab AB
- Thales Group
- The Boeing Company
- Ultra Electronics Corporation
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