Dallas, TX -- (ReleaseWire) -- 02/21/2014 -- 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 (http://www.reportsnreports.com/reports/274801-global-submarine-market-2014-2018.html) in recent years.
Analysts forecast the Global Submarine market to grow at a CAGR of 3.27 percent over the period 2013-2018. 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.
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The report 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.
Other vendors mentioned in the report are Admiralty Shipyards, ASC Pty Ltd, BAE Systems, Daewoo Shipbuilding and Marine Engineering, Fincantieri, General Dynamics Electric Boat Limited, Golcuk Naval Shipyard, Huntington Ingalls Industries, Hyundai Heavy Industries, Kockums AB, Lockheed Martin Corporation, Mazagon Dock Ltd., Navantia, SaaB AB, and Thales Group.
Key questions answered in this report:
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?