The Asia-Pacific region is set to replace Europe as the second biggest submarine market over the next 10 years, with the U.S. continuing as the market leader, Strategic Defense Intelligence (SDI) predicts in a recent report. The Asia-Pacific submarine market will be worth $7.3 billion this year and is projected to grow at a rate of about 4.18% to reach $11 billion in 2025, SDI says in a report released earlier this month. “The growth is primarily driven by major countries such as ...

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