Market for conventional subs to grow

The world market for conventional diesel-electric submarines is predicted to grow at a compounded rate of 1.8 percent until 2022.

British market research and analysis company Frost and Sullivan said especially in demand will be submarines with air-independent propulsion systems.

"The naval operations environment has changed significantly; operations at sea have moved from the 'blue water' open ocean to the 'brown water' shallow coastal environment," said Frost and Sullivan Aerospace, Defense and Security Industry Analyst Dominik Kimla.

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