The Global Submarine and MRO Market 2015–2025

Date: 2015-08

“• The global Submarine market is expected to be worth US$22.9 billion in 2015, and is expected increase to US$36.6 billion by 2025, representing a CAGR of 4.78% during the forecast period.

• The market is anticipated to be dominated by North America, followed by Asia- Pacific and Europe. The US is the largest spender, with a cumulative expenditure of US$112.2 billion over the next decade.

• In terms of segments, SSN is expected to account for 39% of the global submarine market, followed by SSKs and SSBNs, occupying shares of 36% and 25% respectively.”

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