With Market Size Valued at $17.2 Billion by 2026, it`s a Healthy Outlook for the Global Submarine Combat Systems Market

SAN FRANCISCO  , July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Submarine Combat Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Edition: 8; Released: January 2022
Executive Pool: 5602
Companies: 46 - Players covered include Atlas Elektronik GmbH; BAE Systems PLC; General Dynamics Corporation; Havelsan Inc.; Kongsberg Gruppen ASA; Leonardo S.p.A; Lockheed Martin Corporation; Naval Group; Raytheon Company; SAAB AB and Others.
Coverage: All major geographies and key segments
Segments: Submarine Type (Ship Submersible Hunter Killer, Ship Submersible Nuclear, Ship Submersible Ballistic Nuclear); System (Sensors, Electronic Support Measures, Armaments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Submarine Combat Systems Market to Reach $17.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Submarine Combat Systems estimated at US$7.4 Billion, is projected to reach a revised size of US$17.2 Billion by 2026, growing at a CAGR of 14.8% over the analysis period. Sensors, one of the segments analyzed in the report, is projected to record a 14.4% CAGR and reach US$7.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electronic Support Measures segment is readjusted to a revised 15.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.6 Billion in 2021, While China is Forecast to Reach $3 Billion by 2026
The Submarine Combat Systems market in the U.S. is estimated at US$2.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2026 trailing a CAGR of 14.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.8% CAGR.

Armaments Segment to Reach US$6.6 Billion by the year 2026
In the global Armaments segment, USA, Canada, Japan, China and Europe will drive the 14.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion will reach a projected size of US$6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.