Europe Submarine Combat Systems Market to Earn Substantial Revenue By 2025

Europe holds a significant revenue share in the submarine combat systems market owing to the presence of multiple manufacturers across the region. Industry players are engaged in strategic partnerships and joint ventures for improving their market share. For instance, in October 2017, Thyssenkrupp Marine System and Kongsberg established a joint venture named Kta Naval Systems for developing and maintaining next generation combat systems for the Norwegian Defense.

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Rising deployment of new submarines offering longer range and multi mission capabilities are positively influencing the submarine combat systems market expansion over the projected timeframe. Incorporation of AI and computed automation technologies along with improvements in infrared sensors are prominently supporting the remote monitoring and supervision of naval vessels. For instance, in 2018, China initiated working on its AI powered autonomous submarines, that are suitable for reconnaissance missions.

Higher cost associated with upgrading conventional submarines with advanced modular combat technologies may restrict the submarine combat systems market over the forecast timeframe. Additionally, higher maintenance cost incurred for maintaining efficient performance may further limit the market reach. However, industry players are continuously investing in R&D for introducing cost effective defense technologies, along with advanced and efficient combat systems for boosting the industry share.

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Rapid advancements in technology and evolution of various threats across the world have fueled the submarine combat systems market expansion, owing to the continuous need to modernize weapon and defense systems. For instance, Russia had recently launched the longest submarine in the world, the K-139 Belgorod, a modified Oscar II-class boat which is set to become the first operational launch platform of Russia for its new nuclear-armed and nuclear-powered long-distant torpedo, Poseidon. Torpedoes are crucial weapons widely deployed in submarines, as they are usually able to travel nearly 9,000 yards and can dive and rise along the sea to pre-calculated depths.

It is believed that submarines specifically built with artificial intelligence platforms signify a potential to efficiently deal with the sea’s complex environmental issues. With the advent of various underwater drones, the defense industry will seemingly be able to carry out complex operations to clear the minefields in the sea, bringing about a radical transformation of the submarine combat systems market.

Some Point from Table of Contents:

Chapter 4. Submarine Combat Systems Market, By Submarine

4.1. Global submarine combat systems market share by submarine, 2018 & 2025

4.2. SSK

4.2.1. Global market estimates and forecasts, 2013 – 2025

4.2.2. Market estimates and forecast, by region, 2013 – 2025

4.3. SSN

4.3.1. Global market estimates and forecasts, 2013 – 2025

4.3.2. Market estimates and forecast, by region, 2013 – 2025

4.4. SSBN

4.4.1. Global market estimates and forecasts, 2013 – 2025

4.4.2. Market estimates and forecast, by region, 2013 – 2025

4.5. SSGN

4.5.1. Global market estimates and forecasts, 2013 – 2025

4.5.2. Market estimates and forecast, by region, 2013 – 2025

Chapter 5. Submarine Combat Systems Market, By Weapon

5.1. Global submarine combat systems market share by weapon, 2018 & 2025

5.2. Torpedoes

5.2.1. Global market estimates and forecasts, 2013 – 2025

5.2.2. Market estimates and forecast, by region, 2013 – 2025

5.3. Ballistic Missiles

5.3.1. Global market estimates and forecasts, 2013 – 2025

5.3.2. Market estimates and forecast, by region, 2013 – 2025

5.4. Cruise Missiles

5.4.1. Global market estimates and forecasts, 2013 – 2025

5.4.2. Market estimates and forecast, by region, 2013 – 2025

5.5. Mines

5.5.1. Global market estimates and forecasts, 2013 – 2025

5.5.2. Market estimates and forecast, by region, 2013 – 2025

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