The Cumulative Submarine and MRO Market is Expected to Surpass USD 196 Billion During the Period, 2019-2027 - ResearchAndMarkets.com
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
Reasons to buy
For more information about this report visit https://www.researchandmarkets.com/r/yf1m6y
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INDUSTRY KEYWORD: DEFENSE MARITIME TRANSPORT OTHER DEFENSE
SOURCE: Research and Markets
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PUB: 10/11/2019 09:07 AM/DISC: 10/11/2019 09:07 AM