ALBANY, N.Y.--(BUSINESS WIRE)--The recently added report on the repository of MarketResearchReports.biz titled, “The Global Submarine and MRO Market 2015 - 2025”, offers crucial insights on the global submarine and MRO market. According to this report, the global submarine and MRO market is expected to expand at a CAGR of 4.78% during the forecast period of 2015 to 2025. In 2015, the global submarine and MRO market is anticipated to be worth US$22.9 billion. By 2025, the market is estimated to be worth US$36.6 billion.
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The report offers a detailed analysis of the key regional segments of the global submarine and MRO market. Geographically, North America dominates the global submarine and MRO market, trailed by Asia Pacific and Europe. Currently, the U.S. stands out as the largest spender in the global submarine and MRO market, with a cumulative expenditure of US$112.2 billion expected over the next 10 years.
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By type, the global submarine and MRO market is segmented into SSN, SSK, and SSBN. SSN submarines are expected to demonstrate steady growth in the coming years, while the SSK market is projected to grow at a double-digit CAGR during the forecasting horizon. The SSBN sector will also experience good growth in the foreseeable future. The sector of SSN submarines in the global submarine and MRO market held a 39% market share, followed by SSK and SSBN, which held shares of 36% and 25% respectively.
The research report on the global submarine and MRO market offers a comprehensive analysis of the market drivers, restraints, and key businesses. The key players operating in the global submarine and MRO market are BAE Systems, Mazagon Dock, PO Sevmash, ThyssenKrupp Marine Systems, Navantia, DCNS, Saab Kockums, DSME, and Daewoo.
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