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Naval Destroyers and Submarines Market Share

Report ID: GMI7070
Published Date: Oct 2023
Report Format: PDF

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Naval Destroyers and Submarines Market Share

The players in the industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, as well as customer retention. These players also heavily invest in research & development initiatives to introduce innovative and technologically advanced solutions in the market. Some of the major players operating in the naval destroyers and submarines industry are mentioned below:

BAE Systems
Daewoo Shipbuilding & Marine Engineering
General Dynamics Electric Boat
Huntington Ingalls Industries
Mitsubishi Heavy Industries
Naval Group
ThyssenKrupp Marine Systems

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for naval destroyers and submarines was valued at over USD 100 million in 2022 and is anticipated to grow at over 5.5% CAGR between 2023 and 2032.

The destroyers segment is estimated to register over 5% CAGR from 2023 to 2032 as modern destroyers are versatile assets that can perform multiple roles within a naval force.

Asia Pacific naval destroyers and submarines industry share was over 40% in 2022 and will grow through 2032 owing to the increasing geopolitical tensions, particularly in the South China Sea, driving countries to bolster their naval capabilities.

BAE Systems, Daewoo Shipbuilding & Marine Engineering, General Dynamics Electric Boat, Huntington Ingalls Industries, Mitsubishi Heavy Industries, Naval Group, and ThyssenKrupp Marine Systems.