Our Take

Expect Defense Department spending on the Ohio replacement submarine, undersea warfare and 3D printing to continue to grow over the next 15 years. The Ohio replacement submarine program alone is expected to cost at least $97 billion, the Government Accountability Office estimates, while the department plans to spend $40 billion from 2017 to 2021 on undersea warfare capabilities

Technavio’s market research study identifies the following three emerging trends expected to propel the growth of the global submarine market: Evolution of 3D printing, advanced undersea warfare and the Ohio-class submarine replacement program.

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