TechNavio recognizes the following companies as the key players in Global Submarine Market: DCNS S.A., Kawasaki Heavy Industries, Mitsubishi Heavy Industries Ltd., and ThyssenKrupp AG.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Submarine market consists of a few vendors, who are attempting various techniques to acquire competitive advantage. Vendors in the market are entering into developing countries with rich resources and a good demand for submarines. Countries such as China and India are growing at an impressive rate compared to most developed countries; this makes these countries potential customers for defense goods more than any other developed country. This trend of having one or more subsidiaries in developing countries is found to be common practice among all the key players in the Global Submarine market in recent years.”
According to the report, one of the major drivers in this market is the increasing focus and spending on R&D. Recently, investing in research labs and relevant facilities to improve product offerings by vendors has been on a rise; this in turn has contributed to the growth of the market.
Further, the report states that one of the major challenges is global defense budget cuts. Factors such as increasing rates of unemployment, inflation, and rate cuts have forced the governments of various developed countries to cut their defense spending, which, in turn, has inhibited the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-submarine-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report – Global Submarine Market 2014-2018
