Global Submarines Market Report

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The market for new submarines is forecast to exceed $100 billion over the next ten years. A total of 451 submarines are in service worldwide –excluding midget/mini submarines (56) – with the fleets of the U.S.A. (72), Russia (57) and China (62) amounting to 43 percent of the world fleet. 41 countries currently operate submarines. A further 96 vessels are on order or under construction.

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