Global Submarine Combat Systems Market to 2027 - 46 Companies Profiled Including Atlas Elektronik, BAE Systems & Havelsan - ResearchAndMarkets.com

DUBLIN--()--The "Submarine Combat Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 8th edition of this report. The 181-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Submarine Combat Systems Market to Reach US$19.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Submarine Combat Systems estimated at US$7.4 Billion in the year 2020, is projected to reach a revised size of US$19.5 Billion by 2027, growing at a CAGR of 14.8% over the analysis period 2020-2027.

Sensors, one of the segments analyzed in the report, is projected to grow at a 14.4% CAGR to reach US$7.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electronic Support Measures segment is readjusted to a revised 15.6% CAGR for the next 7-year period. This segment currently accounts for a 23% share of the global Submarine Combat Systems market.

The U.S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 14.2% CAGR for the Period of 2020-2027

The Submarine Combat Systems market in the U.S. is estimated at US$2.2 Billion in the year 2020. The country currently accounts for a 29.56% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.4 Billion in the year 2027 trailing a CAGR of 14.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.8% CAGR while Rest of European market (as defined in the study) will reach US$3.4 Billion by the year 2027.

Armaments Segment Corners a 39% Share in 2020

In the global Armaments segment, USA, Canada, Japan, China and Europe will drive the 14.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion in the year 2020 will reach a projected size of US$6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2027.

Competitors identified in this market include, among others

  • Atlas Elektronik GmbH
  • BAE Systems PLC
  • General Dynamics Corporation
  • Havelsan Inc.
  • Kongsberg Gruppen ASA
  • Leonardo S. p.A
  • Lockheed Martin Corporation
  • Naval Group
  • Raytheon Company
  • SAAB AB

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Submarine Combat Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/e45fcd

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900