The Global Submarines and MRO Market 2017-2027 - New Products, Processes and Innovations - Research and Markets

The "The Global Submarines and MRO Market 2017-2027" report has been added to Research and Markets' offering.

Global military submarine and related MRO market, valued at just over US$22 Billion in 2017, is projected grow at a CAGR of almost 4.5%, to reach about US$34 Billion by 2027.

The cumulative market for global expenditure on military submarines will reach over US$300 Billion over the forecast period. Out of which, the submarine procurement is expected to be valued at almost US$20 Billion in 2017 and projected to cross US$30 Billion by 2027. Whereas, the MRO services of submarines market is set to grow from about US$2.5 Billion in 2017 to reach almost US$3 Billion by 2027, registering a growth rate of more than 0.5%.

Military submarine and related MRO market is expected to be led by Asia Pacific with a share of nearly 35% over the forecast period, closely followed by North America with over a 30% share, and Europe with just over 25% share. The Latin American market for military submarines is expected to account for about 4%, followed by the Middle East and African markets with a collective share of about 3.5%.

Despite military budget cuts, Europe's share in the global submarine market is projected to increase from about 23% in 2017 to over 25% in 2027, primarily due to various scheduled deployments. These include programs such as the Astute, Successor, Yasen, and Borei classes among others, some of which have been initiated in previous years.

Key Topics Covered:

1. Executive Summary

2. Global Military Submarine Market - Overview

3. Market Dynamics

4. Military Submarine Market - Segment Analysis

5. Regional Review

6. Military Submarine Market - Regional Analysis

7. Trend Analysis - Key Defense Markets

8. Key Programs Analysis

9. Competitive Landscape Analysis

• ASC Pty Ltd
• Admiralty Shipyard
• BAE Systems Plc
• Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME)
• General Dynamics Electric Boat Corp
• Huntington Ingalls Industries (HII)
• Mazagon Dock
• Naval Group
• PO Sevmash
• Saab Kockums
• ThyssenKrupp Marine Systems (TKMS)

For more information about this report visit https://www.researchandmarkets.com/research/c9mt7d/the_global?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20171213005730/en/