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(Transportation-News.com, August 12, 2016 ) Technavio Announces the Publication of its Research Report Global Submarine Payload and Launch Systems Market 2016-2020
Technavio recognizes the following companies as the key players in the global submarine payload and launch systems market: BAE Systems, Daewoo Shipbuilding and Marine Engineering, General Dynamics, Lockheed Martin, and Northrop Grumman.
Other Prominent Vendors in the market are: Fincantieri, Huntington Ingalls Industries, Kawasaki Heavy Industries, Raytheon, and Thales.
Browse full report with TOC@ https://marketreportscenter.com/reports/349546/global-submarine-payload-and-launch-systems-2016-2020
Commenting on the report, an analyst from Technavio’s team said: “Advanced undersea warfare will be a key trend for market growth. The defense strategies of most countries rely significantly on their undersea warfare. Stealth submarines and UUVs have emerged as the most viable means of gathering intelligence. Therefore, undersea warfare is an important element of current and future military operational plans. The submarines and other undersea vehicles have enhanced their stealth and lightweight characteristics due to extensive R&D, wide use of technology, and high-fidelity training. The transition from traditional manned submarines to new unmanned submarines has changed the degree of naval warfare. With greater investments and R&D, the introduction of stealth submarine poses a threat to efficient detection, tracking, and distance-measuring systems.”
According to the report, rising investments in submarines will be a key driver for market growth. Many countries are modernizing their naval defense units by manufacturing submarines, surface-mine countermeasure UUVs, and other combat and tactical UUVs. The increase in the number of these assets will simultaneously boost the global development of submarine payloads and launch systems. The vulnerable nature of Asia's security has drawn extensive investments in submarines. A number of undersea combat programs have been developed in the last decade in the continent including emerging nations such as India and China. Similarly, countries such as the US, Russia, and the UK have made high investments in submarines to have an edge over their neighbouring countries in sea-border security.
Further, the report states that proliferation of nuclear weapons will be a challenge for the market. The development of SSN and the indiscriminate trade and possession of conventional arms, nuclear warheads, and ballistic missiles raises humanitarian and security concerns. In March 2012, the UK government put out its National Counter-Proliferation Strategy. Overall, 189 countries have signed this treaty. This pact aims to stop the growing nuclear weapons and gradually eliminate them.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Submarines Payload and Launch Systems
Submarines are the centerpieces of naval fleets due to their multi-operational capabilities and ability to complement other strategic resources. These submarines are also equipped with payloads and launch systems, which accommodates advanced technologies and enhanced warfighting capabilities. Moreover, regional disputes between China-Japan and India-Pakistan have triggered the demand for nuclear submarines.
Technavio’s analysts forecast the global submarine payload and launch systems market to grow at a CAGR of 4.44% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global submarine payload and launch systems market for 2016-2020. It provides a comprehensive overview of the market along with market segmentation by Kilo-class submarines (SSK), Nuclear-powered attack submarine (SSN), and Nuclear-powered ballistic missile submarine (SSBN).
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Submarine Payload and Launch Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
info@marketreportscenter.com
Market Reports Center
Sam Collins
1-646-883-3044
sam@marketreportscenter.com
Source: EmailWire.Com 
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