DUBLIN--(BUSINESS WIRE)--The "Global Undersea Warfare Systems Market: Focus on Weapons and Countermeasures, Sensors and Sonars, Unmanned Underwater systems, Communication Systems and Airborne Detection systems - Analysis and Forecast 2017-2021" report has been added to ResearchAndMarkets.com's offering.
The Global Undersea Warfare Systems Market is Anticipated to Reach $11.4 Billion by 2021
The global undersea warfare systems market is expected to witness a significant growth over the forecast period 2017-2021 due to the rising number of underwater threats. These systems are able to detect, track and classify any upcoming danger from an unidentified submarine, torpedo attacks, and lethal sea mine.
The Undersea warfare system manufacturers are developing advanced underwater technologies to counter underwater threats. There has been the emergence of the unmanned underwater systems which is impacting the market with the high adoption across the globe. In addition, the global undersea warfare systems market is significantly growing due to the high defense spending across various countries.
This high scale growth of the undersea warfare systems industry is subsequently influencing the market, therefore new advanced underwater technologies are being developed. The adoption of the undersea warfare systems in order to protect the country from rising enemy attacks is one of the key drivers for the growth of the global undersea warfare systems market.
Moreover, continuous improvements in the underwater technologies as well as the technological development of airborne detection systems is providing an opportunity for the growth of the global undersea warfare systems market. There are mainly five types of undersea warfare systems that include weapons & countermeasures, unmanned underwater systems, sensors & sonars, communication systems, and airborne detection systems. In addition to this, the market of the airborne detection systems is expected to have the highest growth rate during the forecast period 2017-2021 due to the high demand across Asia-Pacific region.
The global undersea warfare systems market generated revenue approximately $8,257.9 million, in 2016 and is estimated to grow at a CAGR of 6.6% during 2017-2021. North America is expected to acquire the most revenue in the global undersea warfare systems market by 2021 with the U.S. acquiring the most market share, globally. However, Asia-Pacific is expected to have the highest growth rate during the forecast period 2017-2021.
Key Topics Covered:
1 Scope & Research Methodology
2 Market Dynamics
3 Competitive Insights
4 Industry Analysis
5 Global Undersea Warfare Systems Market, 2017-2021
6 Global Undersea Warfare Systems Market by Type
7 Global Undersea Warfare systems Market by Region
8 Company Profiles
- Atlas Elektronik Gmbh
- BAE Systems plc.
- ECA Group
- General Dynamics
- Harris Corporation
- Kongsberg Gruppen
- Leonardo DRS
- Lockheed Martin Corporation
- Northrop Grumman
- Raytheon Inc.
- S.A. de Electronica Submarina (SAES)
- Thales Group
For more information about this report visit https://www.researchandmarkets.com/research/wc559q/global_undersea?w=4