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The demand for submarines is expected to be driven by the need for control over the offshore natural resources and maritime trade routes, which are expected to play a pivotal role in fulfilling a country’s aspiration for supremacy.
Major naval forces are staring at fleets of technically obsolete and aging submarines, demanding huge investments in the procurement of new-age submarines. In addition to having an important nuclear deterrent role, submarines are playing more crucial roles such as surveillance and reconnaissance, intelligence gathering, patrolling and securing the maritime borders, and trade routes.
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This report focuses on the Submarines and MRO Market
in global market, especially in North America, Europe, Asia-Pacific, South America, United States and Africa. This report categorizes the market based on manufacturers, regions, types and applications.
Global Submarines and MRO Market is projected to register a CAGR of 4.36% over 2017-2027
In terms of categories, the SSN-Nuclear Attack Submarine segment is anticipated to account for the largest share of expenditure globally, with a market share of 39.1% followed by the SSK-Diesel Electric Submarine and SSBN-Ballistic Missile Submarine, with shares of 37.4% and 23.5%, respectively
Asia-Pacific is analyzed to dominate the global submarines and MRO market with a share of 34.3%, followed by North America and Europe, with shares of 32.7% and 25.5%, respectively
Some of the companies are BAE Systems Plc Huntington Ingalls Industries (HII) General Dynamics Electric Boat Corp Naval Group Saab Kockums Mazagon Dock Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) PO Sevmash ThyssenKrupp Marine Systems (TKMS) Admiralty Shipyard ASC Pty Ltd
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