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.
The global Submarine market was valued at 21400 million US$ in 2018 and will reach 30500 million US$ by the end of 2025, growing at a CAGR of 4.5% during 2019-2025.
This report focuses on Submarine volume and value at global level, regional level and company level. From a global perspective, this report represents overall Submarine market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Submarine in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Submarine manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
BAE Systems
Daewoo Shipbuilding & Marine Engineering
General Dynamics Electric Boat
Huntington Ingalls Industries
Kawasaki Heavy Industries
Lockheed Martin
Mitsubishi Heavy Industries
Saab
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Nuclear-Powered Attack Submarine (SSN)
Nuclear-Powered Ballistic Missile Submarine (SSBN)
Kilo-Class Submarine (SSK)
Segment by Application
Surveillance and Reconnaissance
Intelligence Gathering
Patrolling
Others
Summary:
Get latest Market Research Reports on Submarine. Industry analysis & Market Report on Submarine is a syndicated market report, published as Global Submarine Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Submarine market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.