Research: With 150 New Submarines to be Built until 2021, the Submarine Market Seems to be on Solid Ground

The military submarine market is expected to continue growing in a modest pace through the second decade of the 21st century, as naval forces are inducting modern, more capable submarines, designed for extended operational missions at sea.

Along with the growth of the submarine fleets, there is a growing interest in combat systems, sensors, defense systems countermeasures, as well as the means for integrating submarines with surface and joint operations, the ‘ICD global submarine market report 2011-2012‘ indicated.

Submarines form an essential core of today’s naval fleets as a result of their flexible mission capabilities and ability to complement other strategic resources.

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