Monday 21 October 2019, AmsterdamThe submarine market has developed from a single person pedal submarine, which tried to drill hole into a British ship to an asset which can travel thousands of miles and strike land targets and come back to its home base without surfacing. The advancements of submarine capabilities can be ascertained towards propulsion systems, weapon systems, the hull and other support systems. The focused effort on increasing the weapons payload on the platform has paid off well in modern submarines. There has been a multifold increase in the weapons carrying capability of the World War II submarines and modern submarines. However, the high cost associated with submarine procurement and maintenance have been a key restraint in this market.