Submarine Payload and Launch Systems Market Share, Size, Analysis and Forecast

Technavio Announces the Publication of its Research Report Global Submarine Payload and Launch Systems Market 2016-2020

Technavio recognizes the following companies as the key players in the global submarine payload and launch systems market: BAE Systems, Daewoo Shipbuilding and Marine Engineering, General Dynamics, Lockheed Martin, and Northrop Grumman.

Other Prominent Vendors in the market are: Fincantieri, Huntington Ingalls Industries, Kawasaki Heavy Industries, Raytheon, and Thales.

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Commenting on the report, an analyst from Technavio’s team said: “Advanced undersea warfare will be a key trend for market growth. The defense strategies of most countries rely significantly on their undersea warfare. Stealth submarines and UUVs have emerged as the most viable means of gathering intelligence. Therefore, undersea warfare is an important element of current and future military operational plans. The submarines and other undersea vehicles have enhanced their stealth and lightweight characteristics due to extensive R&D, wide use of technology, and high-fidelity training. The transition from traditional manned submarines to new unmanned submarines has changed the degree of naval warfare. With greater investments and R&D, the introduction of stealth submarine poses a threat to efficient detection, tracking, and distance-measuring systems.”

According to the report, rising investments in submarines will be a key driver for market growth. Many countries are modernizing their naval defense units by manufacturing submarines, surface-mine countermeasure UUVs, and other combat and tactical UUVs. The increase in the number of these assets will simultaneously boost the global development of submarine payloads and launch systems. The vulnerable nature of Asia's security has drawn extensive investments in submarines. A number of undersea...