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The Cumulative Submarine and MRO Market is Expected to Surpass USD 196 Billion During the Period, 2019-2027 - ResearchAndMarkets.com

October 11, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Oct 11, 2019--

The “Global Submarines and MRO - Technology and Market Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The need for stealth, advanced weapon systems and longer endurance have paved the way for technology innovations in the modern submarine market. Submarines are specialized assets, which only a few countries in the world possess. It is also interesting to note that only six countries in the world namely the US, UK, France, Russia, China, and India have the technical know-how to manufacture a nuclear submarine.

The cumulative submarine and MRO market are expected to surpass USD 196 billion during the period, 2019-2027. The market is estimated at around USD 20 Billion in 2019 and is expected to grow to USD 24 Billion at a CAGR of around 2% CAGR. The submarine maintenance market is expected to grow faster than the new submarine market. The APAC fleet accounts for more than 50% of the existing active submarines.

The study period of the “Global Submarine and MRO Market” report is between 2017-2027, however, the forecast period is between 2019-2027. The report covers the following:

Segmentation covered in this report

The market is segmented based on Market, Region, Components, Role, and Propulsion

By Market

By Region

By Components

By Role

By Propulsion

Reasons to buy

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/yf1m6y

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ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE: Research and Markets

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PUB: 10/11/2019 09:07 AM/DISC: 10/11/2019 09:07 AM