Submarine Combat Systems Market | Industry Analysis and Market Forecast to 2022 | MarketsandMarkets

1. Submarine Combat Systems Market | Industry Analysis and Market Forecast to 2022 |MarketsandMarkets Submarine Combat Systems Marketis estimated to be valued atUSD 4.97 Billion in 2016 and is projected to reach USD 11.67 Billion in 2022, at a CAGR of15.3%. The electronic support measure system segment is projected to witness high growth during the forecastperiod. Based on system, the electronic support measure system segment of the submarine combat systems is projected to grow at a higher CAGR during the forecast period. Enhancement in sensors and armament technologies have resulted in better anti-submarine warfare technologies. Electronic support measures systems are required for defensive measures and secure communications of submarines. These systems use different technologiesto

2. increase submarine’s capabilities of survivability and stealth by reducing chances of detection by enemy platforms, avoidance of incomingthreats. Browse 106 market data Tables and 82 Figures spread through 186 Pages and in-depth TOC on "Submarine Combat Systems Market - Global Forecast to2022" https://w3.heraldkeepers.com/newsroom/reportsandreports/submarine- combat-systems-market-worth-1167-billion-usd-by-2022// The retrofit segment is estimated to witness highest growth during the forecastperiod. Retrofit of submarines are essential for submarine’s mid-life upgradation. The new systems installed on the submarines are cost efficient methods to modernize submarines systems. Naval forces across the world are focusing on upgrading submarines to enhance their anti-submarine warfare techniques. Hence, defense agencies are increasing their budgets for the procurement of new generation sensors and submarine combatsystems. Europe is the largest market for retrofit during the forecastperiod. https://www.marketsandmarkets.com/Market-Reports/submarine-combat- system-market-257188250.html Europe is expected to witness highest growth in retrofit market during the forecastperiod. Cold war period saw a huge investment in submarine platforms. After end of cold war, submarines induced in late 1990’s are estimated to undergo mid- life upgrades. Russia is expected to be main contributor to submarine combat systems market during the forecast period. The older submarines are likely to go upgradation program and thus drive the retrofit market of submarine combat systems. The growth would be seen in Europe and Asia Pacific region owing to their new submarine acquisition and submarine upgradationprogram. The Asia-Pacific region is estimated to have accounted for the largest share of the submarine combat systems market in 2016, followed by Europe and North America. Recent geopolitical developments such as, the South China Sea dispute between China and its neighboring countries such as, Taiwan, Brunei, Malaysia, Philippines, and Vietnam over Spratly and Paracel islands is a major factor in the high investments in naval assets. In Europe, Russia’s growing maritime assertiveness is likely to drive the demand for submarine combat systems. These factors have indirectly fueled the growth of the market. The major players identified in submarine combat systems are Lockheed Martin (U.S), BAE Systems (UK), Raytheon (U.S.) and AtlasElektronik

3. (Germany). These key players have adopted the key strategies of contracts and new product developments to strengthen their position in the sonar systemmarket. AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenuesdecisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of nichemarkets. Contact: Mr. ShellySingh MarketsandMarkets™ INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA :1-888-600-6441