Published Date : Nov 28, 2016
Albany, NY, Nov 28, 2016: The report studies the global undersea warfare systems market and presents reliable forecasts regarding the growth trajectory of the market from 2016 to 2026. The report examines the hierarchy of the undersea warfare systems market by various criteria, in addition to the competitive dynamics and regulatory factors affecting the growth of the market. The report is titled ‘The Global Undersea Warfare Systems Market 2016-2026’ and is available for sale on the official website of MarketResearchReports.biz.
According to the report, the global undersea warfare systems market is expected to exhibit a steady 5.36% CAGR between 2016 and 2026.
By product type, the global undersea warfare systems market is segmented into manned and unmanned systems, combat systems, communication and countermeasure systems, and sensors. Of these, combat systems are likely to remain the dominant contributor to the global undersea warfare systems market. Due to the rising threat of piracy in several parts of the world, the global undersea warfare systems market is experiencing a steady growth in demand. This is likely to remain a key driver for the undersea warfare systems market in the coming years.
The report examines the latest figures of each product segment of the undersea warfare systems market and provides projections regarding each segment’s growth trajectory between 2016 and 2026. The expected changes in the market shares of each type of undersea warfare system in the forecast period are elaborated upon in the report.
The steady technological development in undersea warfare systems is a key driver for the global market. Advances such as unmanned undersea warfare vehicles, stealth submarines, and maritime robots are likely to be key revenue generators for the undersea warfare systems market in the coming years, driving further investment.
Geographically, North America is the dominant contributor to the global undersea warfare systems market due to the position of the U.S. as the leading military power in the world. North America is likely to account for around a third of the global undersea warfare systems market through the forecast period in spite of the increased support to modernized, low-volume, and efficient military forces.
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Asia Pacific follows North America in the regional hierarchy of the global undersea warfare systems market and is likely to remain among the dominant contributors to the global market in the coming years due to the rising demand for advanced undersea warfare systems in dynamic countries such as India, China, Japan, and South Korea. The complicated geopolitical scenario regarding territorial claims in the South China Sea and the Indian Ocean are likely to ensure steady demand for undersea warfare systems in Asia Pacific in the coming years.
While Europe is not a leading regional market for undersea warfare systems, the U.K., France, and Russia are likely to remain key consumers in the coming years.
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