Submarine Combat Systems Market to hit $9.5bn by 2025

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Submarine Combat Systems Market to hit 9.5bn by
2025
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Key Insights from Submarine Combat Systems Market

• Submarine Combat Systems Market is estimated to
  exceed USD 9.5 billion by 2025 according to a
  new research report by Global Market Insights,
  Inc.
• The governments across the globe are focusing to
  enhance and enlarge maritime warfare capabilities
  in their naval fleet. The rising political
  disputes among countries, development of advanced
  submarine system, and growing requirement to
  modernize the weapon systems will drive the
  submarine combat systems market. Additionally,
  growing usage of fast attack submarines coupled
  with advantages offered by this system such as
  stealth capabilities and faster operations will
  support the market growth.
• The countries including Russia are developing
  advanced super-cavitating torpedoes. These
  torpedoes are propelled by rocket engines and
  attain high speeds of 200 knots an hour. These
  technical developments will further support
  penetration of submarine combat systems market
  over the study timeframe.

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Continued

• The SSK submarine segment will showcase
  significant growth in submarine combat systems
  market owing to submarine modernization plan of
  several countries. SSK are compact, agile, and
  less noisy as compared to their counterparts.
  Additionally, industry players are securing
  contracts from governments to equip their
  submarines with latest weapons.
• Torpedoes weapon segment will showcase
  significant growth rate in submarine combat
  systems market. This can be credited to higher
  procurement and commissioning of high-tech,
  longer range and lethal submarines that can
  launch heavyweight torpedoes. The development of
  new torpedoes allow navy to destroy targets at
  ranges up to 5 miles and at speed greater than 28
  knots.

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Latest Research Report On Submarine Combat
Systems Market _at_ https//www.gminsights.com/indust
ry-analysis/system-on-module-market Request for
a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/3054
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U.S. Submarine Combat System Market, By
Submarine, 2018 2025, (USD Million)

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Major Companies in Submarine Combat Systems
Market

• Thales Group
• Northrop Grumman
• Lockheed Martin
• Atlas Elektronik
• Raytheon
• BAE Systems

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Industry Coverage

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Regional Insights in Submarine Combat Systems
Market

• European submarine combat systems market share
  will hold dominance over the study timeframe. The
  dominance can be attributed to the purchase of
  new submarines and modernization of naval fleet
  by several countries. For instance, in 2016, the
  UK Defense Secretary approved the replacement of
  existing Vanguard submarines with four
  Dreadnought nuclear deterrent submarines. These
  submarines will be equipped with Trident D5
  missiles and MK 48 torpedoes.
• Latin American submarine combat systems market
  will witness momentous gains over the study
  timeframe owing to upgradation of combat systems
  on existing submarine fleet as part of extensive
  defense programs. For instance, in 2014,
  Brazilian Navy announced to upgrade its four
  Tupi-class submarines with MK-48 torpedoes
  including extensive electronic refurbishment.

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