The proliferation of threats in the undersea environment has created a paradigm shift towards the adoption of advanced undersea warfare systems. The major advantage of this system is that it strengthens a country’s naval power. The undersea warfare market has witnessed a rapid increase in research and development activities in the past few years. According to the market intelligence report by BIS Research titled, ’Global Undersea Warfare Systems Market-Analysis and Forecast (2017-2021),’ the market is expected to reach over $11.4 billion by the end of 2021, registering a CAGR of 6.6% during the forecast period of 2017-2021. This tremendous growth is attributed to the rising defense spending to strengthen the country’s military capabilities for countering any type of attacks, including the threats from underwater attacks. However, the most prominent factor escalating the growth of the market is growing numbers of maritime border disputes. These conflicts are mostly due to strife pertaining to offshore resources ownership and trade claims.

Over the past few years, new advancements in the naval technology have emerged, such as enhanced detection range of sonar, unmanned vehicles and maritime robots, and stealth submarines, which in turn, present a plethora of opportunities to the manufacturers. Hence, there has been a drastic increase in the contracts between the naval forces and the manufacturers in the recent years. Further, manufacturers have had several business developments in the field of undersea warfare systems such as collaboration with other major companies, to widen their consumer base across the globe.

The undersea warfare system mainly branches into five types which include weapons & countermeasures, unmanned underwater systems, sensors and sonars, communication systems, and airborne detection systems. Among these types, the market of weapons and countermeasures held the largest share in the market on a global scale in the year 2017 and is expected to further lead the market during the forecast period, owing to its high cost as compared to other undersea warfare systems. However, the market of the unmanned underwater system is estimated to grow with the highest CAGR, during the forecast period of 2017-2021, due to their capability of autonomous and independent operations.

Airborne detection system presents a pool of opportunities for the growth of undersea warfare system market, as it helps in detecting the submerged underwater targets such as submarines and hidden sea mines.  Geographically, North America is expected to lead the undersea warfare systems market and the most prominent nation would be the U.S., followed by Canada owing to the high defense spending in the region. Asia-Pacific is anticipated to grow with the highest CAGR globally during the forecast period 2017-2021.

BIS Research has conducted an extensive research on the global undersea warfare systems market and compiled the observation and insight in this report. The market intelligence report aims at providing an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.

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