A submarine combat system refers to an integrated set of technologies, equipment, and software designed to enable the operation, surveillance, communication, and engagement capabilities of submarines in combat scenarios.
Sizing and Forecast
The submarine combat system market size has grown rapidly in recent years. It will grow from $10.12 billion in 2023 to $11.82 billion in 2024 at a compound annual growth rate (CAGR) of 16.8%. The growth in the historic period can be attributed to geopolitical tensions, naval modernization programs, threat perception, strategic deterrence, global maritime security concerns.
The submarine combat system market size is expected to see rapid growth in the next few years. It will grow to $20.81 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to undersea warfare evolution, unmanned underwater vehicles, regional military build-ups, upgradation and retrofitting, increasing submarine export market. Major trends in the forecast period include cybersecurity concerns, collaboration and defense alliances, technological advancements, sustainable and green technologies, enhanced underwater communication.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/submarine-combat-system-global-market-report
Segmentation & Regional Insights
The submarine combat system market covered in this report 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 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the submarine combat system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12447&type=smp
Major Driver Impacting Market Growth
Rising terrorism is expected to propel the growth of the submarine combat system market going forward. Terrorism refers to acts of violence, intimidation, or destruction conducted by individuals, groups, or organizations intending to instill fear, create panic, and achieve political, ideological, or religious objectives. Submarine combat systems detect underwater terrorist attacks to find potential threats and track the functioning of enemy ships. For instance, in March 2023, according to the Institute for Economics and Peace (IEP) report, an Australia-based research organization for developing metrics to analyze peace, the Sahel region in sub-Saharan Africa accounted for 43% of global terrorism deaths. Further, in 2021, the number of global terrorist attacks increased to 5,226, with many attacks in the Middle East and North Africa, followed by South Asia and Sub-Saharan Africa. Therefore, rising terrorism is driving the growth of the submarine combat system market.
Key Industry Players
Major companies operating in the submarine combat system market report are Raytheon Technologies Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., BAE Systems Plc., Thales Group, L3Harris Technologies Inc., Kawasaki Heavy Industries Ltd., Huntington Ingalls Industries Inc., Fincantieri S.p.A., Leonardo S.p.A, Hyundai Heavy Industries Co. Ltd., Samsung Heavy Industries Co. Ltd., Naval Group, Saab AB, Daewoo Shipbuilding & Marine Engineering Co. Ltd., Kongsberg Gruppen ASA, Damen Shipyards Group, Bharat Heavy Electricals Ltd., Austal Limited, Navantia S.A., Mazagon Dock Shipbuilders Limited, ASC Pty Ltd., Atlas Elektronik GmbH, HAVELSAN Inc., ThyssenKrupp Marine Systems GmbH, Hellenic Shipyards Co., Odense Maritime Technology Private Limited, DCN International S.A.
The submarine combat system market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope The adhesives refer to products such as glues, and caulking compounds that…
Overview and Scope Adalimumab, infliximab, and etanercept biosimilars refer to a novel class of medications…
Overview and Scope Acne drugs refer to medications that aid in the treatment of acne…
Overview and Scope Accounting services are defined as services used for the measurement, processing, and…
Overview and Scope 5G is the fifth generation of broadband or cellular technology designed to…
Overview and Scope Industrial tourism refers to the idea of visiting locations connected to the…