Dallas, TX (PRWEB) June 05, 2014
This report provides readers with a detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
Analysis of consumer behavior, economic conditions, and demography reveals emerging opportunities in the Global Submarine market, should anyone be thinking of diversifying the business offerings.
North America leads the global submarine market
The total global submarine market is expected to be cumulatively worth over US$281 billion across the forecast period. The market, which is estimated at US$19 billion in 2014, is set to rise by a CAGR of just under 5.20%, to just under US$32 billion by 2024. North America is expected to constitute 32% of the market during the forecast period with a total spending of US$88.8 billion. In spite of the budget sequestration measures, the US still has the highest spend in the sector and is almost equal to the spending in Asia-Pacific, which is the second largest spending region.
Order a purchase copy of this report @ http://marketreportsstore.com/purchase?rname=13693.
European nations are expected to cumulatively spend just under US$83 billion across the forecast period, and constitute just shy of 30% of the total submarine market. The rise of regional powers including India and China, with a strong desire for power projection, and growing regional tensions, coupled with maritime conflicts, will drive growth in the submarine sector in the Asia Pacific region.
Additionally, Asian countries are keen to develop indigenous submarines, which will drive further growth in the sector. It is expected that the cumulative spend by Asia in the sector will amount to just under US$88 billion of the total market. Brazil and Argentina are the main spenders in the submarine sector in Latin America, and the countries in the region are expected to cumulatively spend US$12 billion.
Complete report is available at http://marketreportsstore.com/global-submarine-market-2014-2024/.
Reasons To Buy
Explore more reports on Public Sector industry at http://marketreportsstore.com/category/public-sector/.
MarketReportsStore.com is an online database of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe.