The global submarine sensors market is forecast to grow at a CAGR of 3.12% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of latest trends in the market is Ohio-class submarine replacement program. Countries that have high military expenditures, such as the US, the UK, Germany, France, and India, are expected to replace their existing military submarines in the near future, as most of these submarines have either retired or reached the end of their operational life cycle. The replacement of vessels would result in higher investments that would enable the inclusion of high-quality launch systems, missiles, and navigational payloads.
According to the report, one of the primary drivers in the market is increasing deployment of attack submarines. Since the Second World War, the submarine remains as one of the most effective instruments capable of targeting and destroying naval and land-based military assets from far-off locations.
The modern attack submarines are employed to unleash a barrage of nuclear or conventional weapons against ocean-going and land-based enemy targets and are also quite capable of countering enemy submarines and other submerged platforms of similar designs and capabilities. Submarines are also used to assist special forces in covert operations. Therefore, various naval forces are using such assets primarily as a deterrent element in their respective territorial waters.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- ATLAS ELEKTRONIK
- Lockheed Martin
- Northrop Grumman
- DRS Technologies
- L-3 KEO
- Safran Electronics & Defense
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/mgth2w/global_submarine
Research and Markets
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SOURCE Research and Markets