Reportlinker has released a report that predicts a 5.36 percent compound annual growth rate for the global undersea warfare systems market from 2016 to 2026.
The “Global Undersea Warfare Systems Market 2016–2026” report predicts North America will dominate the market over the forecast period with a potential 33.5 percent share, Reportlinker said Wednesday.
The combat systems sector is projected to experience high product demand, followed by the manned and unmanned systems, sensors, communication and countermeasures segments.
Reportlinker noted that the report covers input on market size and drivers, recent developments, industry challenges, regional market highlights, major programs and strategic insights on the global undersea warfare systems market throughout the forecast period.
The market research group added that maritime border, offshore resources and trade route disputes as well as advancements in maritime technologies such as unmanned vehicles, maritime robots, stealth submarines and undersea communications systems will drive the global undersea warfare market.