A submarine is an underwater naval platform that can stay submerged for extended periods and is deployed for multiple defense functions. It is considered crucial for a nation’s maritime security and is used for both offensive and defensive purposes. Submarines are designed for greater agility and stealth capabilities. These vessels are armed with powerful weapons such as missiles and torpedoes.
The growing demand for unmanned underwater vehicles (UUVs) has been a key growth driver for this market. UUVs have extensive applications in naval intelligence, mine countermeasures operations, surveillance and reconnaissance, and anti-submarine warfare missions. In maritime operations, UUVs are primarily designed for underwater surveillance, hull inspection, dock inspections, and underwater mines deactivation. Also, these UUVs are fitted with high-definition cameras that send visual data from the UUV to the operator. With better images and improved control of the vehicle, a better inspection of the underwater environment is possible which aids in naval operations. Recently, there has been an increased usage of these unmanned vehicles for electronic attack, communication transfer, combat, search, and rescue missions, and C4ISR operations. Thus, the increasing activities related to seabed mapping and mining will propel the market for submarines during the forecast period.
The Americas dominated the market, accounting for more than 40% of the market share. Factors like high military spending and increasing focus the Virginia-class submarine program will contribute to strong demand for submarines in the region.
In 2019, the market size of Submarine is 21400 million US$ and it will reach 30500 million US$ in 2025, growing at a CAGR of 4.5% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Submarine.
This report studies the global market size of Submarine, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Submarine production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
BAE Systems
Daewoo Shipbuilding & Marine Engineering
General Dynamics Electric Boat
Huntington Ingalls Industries
Kawasaki Heavy Industries
Lockheed Martin
Mitsubishi Heavy Industries
Saab
Market Segment by Product Type
Nuclear-Powered Attack Submarine (SSN)
Nuclear-Powered Ballistic Missile Submarine (SSBN)
Kilo-Class Submarine (SSK)
Market Segment by Application
Surveillance and Reconnaissance
Intelligence Gathering
Patrolling
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Submarine status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Submarine manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Submarine are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Submarine. Industry analysis & Market Report on Submarine is a syndicated market report, published as Global (United States, European Union and China) Submarine Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Submarine market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.