About Submarine A submarine is an underwater naval platform that can stay submerged for extended periods and is deployed for multiple defense functions. It is considered crucial for a nation's maritime security and is used for both offensive and defensive purposes. Submarines are designed for greater agility and stealth capabilities. These vessels are armed with powerful weapons such as missiles and torpedoes. Technavio's analysts forecast the global submarine market to grow at a CAGR of 4.92% during the period 2017-2021. Covered in this report
The report covers the present scenario and the growth prospects of the global submarine market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The market is divided into the following segments based on geography: • Americas • APAC • EMEA Technavio's report, Global Submarine Market 2017-2021, 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. Key vendors • BAE Systems • General Dynamics • Saab • DCNS • DSME • Huntington Ingalls Industries Other prominent vendors • Fincantieri • Kawasaki Heavy Industries • Lockheed Martin • Mitsubishi Heavy Industries • Navantia • ThyssenKrupp Marine Systems • Thales Market driver • Fleet replacement programs • For a full, detailed list, view our report Market challenge • Project delays • For a full, detailed list, view our report Market trend • Multi-mission submarines • For a full, detailed list, view our report Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.