The Business Research Company’s latest report Sea based Defense Equipment Global Market Report 2020 covers Sea based Defense Equipment market drivers, Sea based Defense Equipment market trends, Sea based Defense Equipment market segments, Sea based Defense Equipment market growth rate, Sea based Defense Equipment market major players, and Sea based Defense Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Sea based Defense Equipment industry, along with revised market numbers due to the effects of the coronavirus.
Sea based Defense Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global sea-based defense equipment market is expected to decline from $34.2 billion in 2019 to $28.5 billion in 2020 at a compound annual growth rate (CAGR) of -16.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $31.8 billion in 2023.
The report covers the Sea based Defense Equipment market’s segments-
1) By Type: Battle Force Ships, Submarines (Including Nuclear Submarines.
2) By Operation: Autonomous Sea Based Defense Equipment, Manual.
Sub Segments Covered: Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support Crafts, SSN Submarine, SSBN Submarine, SSK Submarine.
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