What is the future of submarine power cables?
London, Nov. 25, 2022 (GLOBE NEWSWIRE) -- Fairfield Market Research says in a newly published study that the global submarine power cables market gains from the sustained introduction of new power cables for service in the various marine industry applications.
What is submarine cable market report?
Report further studies the market development status and future Submarine Cable Market trend across the world. Also, it splits Submarine Cable market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
How is the global submarine market growing?
Rise in defense budget allocation toward naval activities and expansion of Chinese naval capacities have boosted the growth of the global submarine market. However, high cost of maintenance and repair hinders the market growth. On the contrary, surge in geopolitical issues between countries would open new opportunities in the future.
What is the market share of diesel-electric attack submarines in 2021?
By type, the diesel-electric attack submarines (SSKs) and others segment held the lion's share in 2021, accounting for more than two-fifths of the global submarine market, owing to fact that SSK submarines are mostly adopting submarines due to its capabilities.