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Submarine Combat Systems Market by System, Submarine Type, Retrofit, Region - Global Forecast to 2022

Submarine Combat Systems Market: Global Forecast until 2022

  • January 2017
  • 188 pages
  • ID: 4674544
In this report:
The North America SSN submarine combat systems market is expected to grow from USD ##,##.## million in 2016 to USD ##,##.## million by 2022, at a CAGR of ##.##% from 2016 to 2022, due to increase in SSN submarine orders.
According to World Trade Organization, the Asia-Pacific region accounted for ##.##% of global exports and ##.##% of global merchandise imports in 2014.

Summary

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"Increasing concern for maritime security due to maritime territorial disputes is the main driving factor in the submarine combat systems market globally"

The submarine combat systems market is projected to be valued at ~$5.0B in 2016 and forecasted to reach ~$11.7B by 2022 at a Compound annual growth rate of 15.30 percent. The increase in the submarine combat systems market can be connected to growing investments in maritime security. The sector for submarine combat systems is influenced by different Elements such as, maritime territorial disputes and their threat to sea trade.

"Armaments is forecasted to account for the biggest market share in the sub-system segment of the submarine combat systems market"

On the basis of sub-system, armaments under the systems segment is forecasted to have captured the most important share of the submarine combat systems market in 2016. Armaments contain weapons including, torpedoes, cruise missiles, and ballistic missiles. The rise in armaments can be accredited to the rise in orders for new submarines and ageing of existing armaments in submarines.

"Asia-Pac to lead the submarine combat systems market during the estimate period"

The Asia Pacific (APAC) area is forecasted to dominate the submarine combat systems market during the outlook period and is expected to have captured the biggest share of the submarine combat systems market in 2016. Localization of submarine manufacture and submarine based combat systems are the top drivers for this sector. Recent geopolitical developments including, South China Sea and East China Sea disputes between China (CN) and its neighboring countries including, Taiwan, Brunei, Malaysia (MY), Philippines, Japan (JP), and Vietnam (VN) over Spratly and Senkaku islands respectively, is a main factor for the growth in business investments in naval assets.

"Profile of break-up of primary members taking part in the submarine combat systems market"

- By Company category - Tier 1 - 35 %, Tier 2 - 45.0 percent and Tier 3 - 20.0 percent

- By Description - C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

- By area - North america (NA) - 45.0 percent, Europe - 20.0 percent, Asia-Pacific - 30.0 percent, RoW - 5.0 percent

The main firms decribed in the study are, Lockheed Martin Corporation, SAAB AB, Kongsberg Gruppen ASA, General Dynamics Corporation, Atlas Elektronik GmbH.

Segment Research

The study segments the market based on systems (sensors, electronic support measures, and armaments), by submarines (SSK, SSN, SSBN), and retrofit under territories including, North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe. From an insight prospect, this market research has emphasized different levels of analyses -industry study (market & technological trends, and contract mapping), market-share review of top actors, and company descriptions. These together comprise and discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the submarine combat systems market, high-growth areas and territories, and their specific regulatory policies, government actions, and sector drivers, market restraints, and alternatives.

Why acquiring this study can help you

The market research offers business insights into these pointers:

- Business entry: Exhaustive information on submarine combat systems and their sub-systems provided by the most important 10 market actors in the submarine combat systems market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the submarine combat systems market

- Industry development: Highlighted information about profitable emerging sectors - the report analyses sectors for submarine combat systems across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the submarine combat systems market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the submarine combat systems market

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