- What you need to know...
- The military submarines market is split into three segments: SSN-Nuclear Attack Submarine, SSK-Diesel Electric Submarine and SSBN-Ballistic Missile Submarine.
- The global military submarine and MRO market to show healthy growth rate over the forecast period.
- Rolls-Royce is a world-leader in nuclear submarine systems and support services incorporating design, procurement and operation.
- Multi-role nuclear attack submarines to be more in demand.
Major naval forces are staring at fleets of technically obsolete and aging submarines
Major naval forces are staring at fleets of technically obsolete and aging submarines, demanding huge investments in the procurement of new-age submarines. In addition to having an important nuclear deterrent role, submarines are playing more crucial roles such as surveillance and reconnaissance, intelligence gathering, patrolling and securing the maritime borders, and trade routes.
The growing importance of submarines in these roles is driving the demand for submarines and related MRO services in countries with substantial maritime borders, by compelling them to invest heavily in procurement, mid-life upgrades, and MRO program submarines.
This report offers detailed analysis of the Global Submarines and MRO market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for various types of submarines. Additionally, the report also highlights challenges faced by industry participants.