Publisher's latest report The Global Submarine Market 2016-2026 report offers a detailed analysis of the industry with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for Submarines, key market trends, and challenges faced by industry participants. 

The global military submarine and related MRO market, valued at US$22.8 billion in 2016, is projected grow at a CAGR of 4.74%, to value US$36.3 billion by 2026. The cumulative market for global expenditure on military submarines will reach US$323.7 billion over the forecast period. The demand for submarines is expected to be driven by the need to replace aging submarines, and growing disputes over maritime borders and trade routes.

- The military submarine and related MRO market is expected to be led by North America with a share of 37% over the forecast period, closely followed by Asia Pacific with 32%, and Europe with 24%. The Latin American market for military submarines is expected to account for 4%, followed by the Middle East and African markets with a collective share of 3%.

- North America represents the largest market, with total submarine spending valued at US$119.7 billion over the forecast period. The region will be largely driven by MRO and upgrade programs, in addition to fresh procurements. Asia Pacific, with a market of US$103.2 billion, is driven by China, India, Australia, and other fast-growing nations.

- The Latin America is a promising market for military submarines, propelled by the growing demand for SSKs for securing offshore oil reserves. Spending in the Middle Eastern and African regions is projected to remain relatively low over the next decade. However, ongoing programs in countries such as Israel, Saudi Arabia, South Africa, and Algeria are expected to fuel the growth of these regions over the forecast period.