European Expansion_ Insights into the Underwater Warfare Market

1. Underwater Warfare Industry worth $5.7 billion by 2028 Sign In Search Reports VIEW FULL TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF The report "Underwater Warfare Market by Systems (Sonar, Electronic Warfare, Weapons, Communications, Unmanned), Platform (Submarine, Surface Ship, Naval Helicopter), Capability (Attack, Protect, Support) and Region - Global Forecast to 2028" The market is valued at USD 3.7 billion in 2023 and is projected to reach USD 5.7 billion by 2028, at a CAGR of 9.0% from 2023 to 2028. The Underwater Warfare market is driven by the increasing demand for undersea warfare systems due to rising disputes over offshore resources, trade routes, and maritime borders. Governments are actively strengthening their maritime bases to maintain underwater security by developing advanced undersea warfare technologies. The underwater warfare market growth is driven by technological advancements, including the integration of unmanned naval systems, stealth submarines, uncrewed vehicles, and enhanced sonar detection ranges. Browse 207 market data Tables and 62 Figures spread through 214 Pages and in-depth TOC on "Underwater Warfare Market by Systems (Sonar, Electronic Warfare, Weapons, Communications, Unmanned), Platform (Submarine, Surface Ship, Naval Helicopter), Capability (Attack, Protect, Support) and Region - Global Forecast to 2028" View detailed Table of Content here - https://www.marketsandmarkets.com/Market- Reports/underwater-warfare-market-139048367.html Based on the systems, the Unmanned systems segment is estimated to hold the highest market share during the forecast period. Based on the systems, the unmanned systems segment is estimated to lead the Underwater Warfare market from 2023 to 2028. The unmanned systems market is growing rapidly due to various factors including technological advancement in naval industry. The unmanned systems include autonomous or remote-controlled vehicles designed to perform various tasks underwater, such as surveillance, mapping, and even warfare. Unmanned systems are equipped with advanced weaponry, which can engage hostile targets and minimize risk. The rising investment by the government in developing Unmanned systems based on advanced technologies to reduce casualties and increase operational efficiency is driving the market growth. Based on the platform, the Surface ships segment is estimated to hold the highest market share during the forecast period. × Based on the platform, the surface ship segment is estimated to show the highest CAGR during the forecast period. Defense forces worldwide are investing significantly in the development of modern naval fleets including surface ships. The surface ships offer several advantages which include the ability to carry out stealthy operations, such as mine countermeasures or intelligence gathering, with reduced risk of detection. The increasing demand for anti-submarine warfare equipment has contributed to the growth of surface ships in the underwater warfare market. Call Email We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info. X   REQUEST FREE SAMPLE REPORT Chat now

2. Based on regions, the Europe market is estimated to have the highest CAGR during the forecast period. Based on region the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. The various countries in Europe are witnessing increased investment in research and development for the deployment of advanced underwater technologies, including autonomous underwater vehicles (AUVs), unmanned underwater vehicles (UUVs), and advanced sonar systems. European countries are prioritizing the modernization and expansion of their naval forces. Collaborative efforts of European Union member states and NATO initiatives contribute to the collective development of underwater warfare capabilities in the region. Key Players The Underwater Warfare market is dominated by a few globally established players such as Raytheon Technologies (US), L3Harris Technologies, Inc. (US), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (US) and Thyssenkrupp AG (Germany). Don’t miss out on business opportunities in Underwater Warfare Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430

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