Deerfield Beach, FL -- (SBWIRE) -- 04/27/2016 -- About Submarine

Submarines are the centerpieces of naval fleets due to their multi-operational capabilities and ability to complement other strategic resources. The global submarine market dropped drastically toward the end of the Cold War in 1991. Since then, Brazil, Russia, India, and China (BRIC nations) and other developing countries in APAC are investing in the market to strengthen their naval capabilities.

Global submarine market to grow at a CAGR of 4.44% during the period 2016-2020.

Moreover, regional disputes between India-Pakistan and China-Japan have triggered the demand for nuclear submarines. Globally, 41 countries operate over 500 submarines, and most of these nations are modernizing their fleets due to their unstable security situations.

Covered in this report

The report covers the present scenario and the growth prospects of the global submarine market for 2016-2020. It provides a comprehensive overview of the market along with market segmentation by submarine type (SSBN, SSK, and SSN), and growth prospects by region (the Americas, APAC, and EMEA). It also presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Global Submarine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- BAE Systems
- Daewoo Shipbuilding and Marine Engineering
- General Dynamics Electric Boat
- Huntington Ingalls Industries
- Kawasaki Heavy Industries

Other prominent vendors
- Fincantieri
- Lockheed Martin
- Mitsubishi Heavy Industries
- Saab
- Thales Group

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Market driver
- Growing demand for UUVs
- For a full, detailed list, view our report

Market challenge
- Cost associated with refit and maintenance
- For a full, detailed list, view our report

Market trend
- Evolution of 3D printing
- For a full, detailed list, view our report