The Undersea Warfare Systems Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 6.92% during the forecast period of 2019 to 2024.
The autonomous ship market is expected to cumulatively generate a revenue of $3.48 billion by 2035, growing at a CAGR of 26.7% in terms of volume during the period 2024-2035. In terms of value, the global ocean surface robot market accounted for $505.7 million in the year 2017.
The global undersea warfare systems market is expected to reach over $11,393.6 million by 2021. Owing to the rising defense spending to strengthen the country’s military capabilities for encountering any kind of enemy attacks, including the threats from underwater attacks, the global undersea warfare systems market is expected to grow significantly at a CAGR of 6.6% during the forecast period 2
The global airborne detection systems for submarines market is expected to reach $1,157.6 million by 2026. Owing to the increasing demand for submarines as well as development of advanced airborne detection systems, the market of global airborne detection systems for submarines is expected to show moderate growth rate and is estimated to grow at the CAGR of 7.5% during 2016-2026.
The market of AIP systems is expected to show robust growth due to increasing need for safe and secure underwater military operations and demand for submarine modernization plans by the naval forces.
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The UUV market reported a revenue of $2,652.62 million in 2016 with the remotely operated vehicles segment accommodating for the highest revenue by 2021.
Maritime security deals with security provisions for the assets associated to the maritime industry which includes ports, facilities, and the ships. The governments of the countries around the world work in association with the neighboring countries in order to combat the issues of maritime security. The Coast Guard, Defense, and the national government are active participants in addressing the ma
The global undersea warfare systems market is expected to reach over $11,393.6 million by 2021. Owing to the rising defense spending to strengthen the country’s military capabilities for encountering any kind of enemy attacks, including the threats from underwater attacks, the global undersea warfare systems market is expected to grow significantly at a CAGR of 6.6% during the forecast period 2
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Naval Defense
At BIS Research, we understand the need to address competing issues and overcome geopolitical and environmental uncertainties that hinder the growth curve of the naval defense industry. Our experts work with leading defense companies to identify investment avenues and market landscape in the naval defense sector to help industry leaders rethink tomorrow's strategies and exceed their growth targets.
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