Global Submarine Combat Systems Market 2019-2023
About Submarine Combat Systems
A submarine combat system is an integrated system for submarines that comes with sensors, command and control, communications, surveillance and fire launching equipment.
Technavio’s analysts forecast the global submarine combat systems market to grow at a CAGR of 5.30% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global submarine combat systems market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Submarine Combat Systems Market 2019-2023
Technavio recognizes the following companies as the key players in the global submarine combat systems market: ATLAS ELEKTRONIK, BAE Systems, Lockheed Martin, and Saab.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of 3D printing and the use of composite materials. 3D printing also known as additive manufacturing (AM) is an upcoming technology that enables manufacturers to design and create using computer-controlled technology. Several companies have already invested in 3D printing technologies for manufacturing submarines parts and components.”
According to the report, one driver in the market is advancement of acoustic sensors and sonar technologies. Many countries are investing in their submarine combat capabilities by developing advanced acoustic sensors and sonar technologies to dominate in undersea warfare. Countries like China, Russia, and the US are rapidly enhancing their submarines’ capabilities to ensure rapid detection of objects or threats around their submarines.
Further, the report states that one challenge in the market is integration difficulties. A modern submarine combat system consists of effective sensors, fire control, ordnance, and control systems and an effective combat system integration to make all these work in coordination. Navies worldwide depend on CSI to effectively integrate submarine combat systems that involve the use of components supplied from different suppliers as each component has its specific functional requirement.