The Submarine Combat System Global Market Report 2023, provides comprehensive information on the submarine combat system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Submarine Combat System Global Market Report 2023, the global submarine combat system market is expected to grow from $8.63 billion in 2022 to $10.12 billion in 2023 at a compound annual growth rate (CAGR) of 17.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The submarine combat system market is expected to reach $18.08 billion in 2027 at a CAGR of 15.6%.
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Technological advancements are a key trend gaining popularity in the submarine combat systems market. Major companies operating in the submarine combat systems market are adopting new technologies to sustain their position in the market. For instance, in February 2023, Leonardo S.p.A., an Italy-based aerospace, defense, and security company, launched the Athena MK2/U submarine combat system. Athena MK2/U is the most sophisticated and comprehensive ground-unit combat management system (CMS) platform. Target motion analysis (TMA), video processing, heavy torpedo management, and extensive use of artificial intelligence algorithms across various functions have all been integrated into the ATHENA MK2/E surface units to accommodate the specific characteristics of the underwater environment.
The submarine combat system market is segmented:
1) By System: Sensors, Electronic Support Measures (ESM), Armaments
2) By Weapon System: Electronic Warfare, Torpedoes, Ballistic Missiles, Cruise Missiles, Mines
3) By Submarine Type: Ship Submersible Hunter Killer (SSK), Ship Submersible Nuclear (SSN), Ship Submersible Ballistic Nuclear (SSBN), Ship Submersible Guided Missile Nuclear (SSGN)
North America was the largest region in the submarine combat system market in 2022.
The table of contents in TBRC’s submarine combat system market report includes:
- Executive Summary
- Submarine Combat System Market Characteristics
- Submarine Combat System Market Trends And Strategies
- Submarine Combat System Market – Macro Economic Scenario
- Global Submarine Combat System Market Size and Growth
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- Global Submarine Combat System Market Competitive Benchmarking
- Global Submarine Combat System Market Competitive Dashboard
- Key Mergers And Acquisitions In The Submarine Combat System Market
- Submarine Combat System Market Future Outlook and Potential Analysis
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