DUBLIN--(BUSINESS WIRE)--The "Global Submarine Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global submarine market to grow at a CAGR of 4.92% during the period 2017-2021.
Global Submarine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is multi-mission submarines. To make submarines more operationally flexible, vendors are developing submarines that can perform multiple functions. For instance, submarines like the Virginia-class ones of the US have a flexible design for future enhancements.
They are designed for improved littoral warfare, surveillance, and open ocean capabilities.
One driver in the market is fleet replacement programs. With most of the submarines in countries nearing the end of their service life, there is a growing need for them to be replaced.
The average life span of a submarine is around 40 years, and prolonged usage after their planned life will likely lead to high maintenance expenses and risks. Submarine parts like hydraulic systems, planes, rudders, batteries, main engine, gearbox, and nuclear propulsion systems must be regularly repaired and replaced.
- BAE Systems
- General Dynamics
Huntington Ingalls Industries
Other prominent vendors
- Kawasaki Heavy Industries
- Lockheed Martin
- Mitsubishi Heavy Industries
- ThyssenKrupp Marine Systems
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product type
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/xbdkl2/global_submarine