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Global Submarine market to grow at a CAGR of 3.27 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased focus and spending on R&D. The Global Submarine market has also been witnessing the leading vendors entering developing countries. However, the cuts in defense budgets across the world could pose a challenge to the growth of this market.
Complete report of 48 Pages is available @ http://www.sandlerresearch.org/global-submarine-market-2014-2018.html.
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.
Global Submarine Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the entire globe; it also covers the Global Submarine market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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