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The Undersea Warfare Systems Market Size was valued at USD 17.64 billion in 2023 and is expected to reach USD 27.37 billion by 2032 with a growing CAGR of 5.0% over the forecast period 2024-2032.
Underwater tactics are means of attacking and defeating an enemy ship or fleet at sea during a conflict. The battlespace is the core idea of underwater warfare. It is a zone around a naval force in which a commander is sure of discovering, monitoring, engaging, and destroying enemies before they pose any harm to the relevant country. Surveillance (patrolling of littoral waters bounded by hostile coasts and harbors), reconnaissance which means gathering information from acoustic, electromagnetic, and optronic sensors without being detected, engagement means deploying missiles and torpedoes unanticipated by the enemy, and self-protection are all key functions of underwater warfare systems (utilizing forward-looking active sonar integrated torpedo counter systems). Underwater warfare systems must be adaptable enough to operate in complex naval battles.
Unmanned vehicles and maritime robots, stealth submarines, improved sonar detection ranges, undersea communications, and network-centric warfare, among other improvements in maritime technology, are expected to increase investment in R&D initiatives.
MARKET DYNAMICS
KEY DRIVERS
Demand rises for stealth undersea warfare system
RESTRAINTS
Underwater environment
Underwater threat protection
OPPORTUNITIES
Destroy enemy before it’s attacking
Enhance surveillance
Lightweight torpedoes
CHALLENGES
High operational cost
Endurance of submarine
IMPACT OF COVID-19
The COVID-19 crisis has created uncertainty in the submarine military industry, a sharp decline in supply chain, a decline in business confidence, and an increase in panic among customer segments. The governments of various regions have announced the complete closure and temporary closure of factories, thus having a negative impact on total production and sales. The impact of the COVID-19 epidemic has led to delays in the development of submarine warfare systems and declining tests and demonstrations and limitations on key player performance. Governments around the world have prioritized the healthcare industry to combat the COVID-19 virus, which has adversely affected the functioning of the defense industry. Epidemic closures were removed and re-introduced to curb the spread of COVID-19 infections as public services were gradually opened up in major countries such as the UK, India and Italy. Lack of components, sub-systems, and electronic systems, due to regulations related to the import and export of goods has caused production delays. The development of submarine military systems has also had an impact due to material shortages, due to production closures in China, South Korea and Taiwan. However, in the aftermath of the epidemic, improvements in the submarine systems have been observed. With the relaxation of door-closure measures, vaccination measures, and the opening of global markets, the demand for submarine military systems is expected to grow significantly in the near future.
It analyzed the submerged fighting business sector in light of frameworks, sensor frameworks, electronic help measures, and combat hardware. Sensor frameworks incorporate different sub-frameworks like sonar, radar, and optronics. Electronic help estimates comprise of three significant classes imaging frameworks, correspondence frameworks, and electronic fighting frameworks. Weapons incorporate torpedoes, land-assault voyage rockets, long range rockets, and mines. Alongside it, the report gives an in-nitty gritty market size examination of the submerged fighting business sector in light of stages like submarines, surface boats, helicopters, oceanic watch airplane, and automated frameworks. The report additionally gives an in-definite market size examination of the submerged fighting business sector in view of end-utilize, for example, maritime, airborne, and land-based. The ascent sought after for secrecy undersea fighting frameworks, the presentation of submerged drones for undersea fighting, and government backing for further developing undersea fighting abilities are the essential driving drivers in the overall undersea fighting frameworks market. Nonetheless, the functional intricacy of undersea automated frameworks, as well as the high forthright and functional costs of assault submarines, are obstructing market development. Running against the norm, the improvement of lightweight torpedoes and an expansion in the protection spending plan are probably going to produce beneficial market possibilities for overall market progression over the projection period. Different nations all over the planet are tracking down ways of acquiring conspicuousness in maritime tasks to further develop their protection abilities. As water covers more than 3/fourth of the outer layer of the earth, fortifying the naval force is fundamental to effectively safeguard land borders. U.S. authorities Maritime Undersea Fighting Place Division has granted agreements worth $ 49 million to 13 Sensors project organizations and the Sonar C15 Fast Prototyping Advancement. The 13 organizations will foster exploration techniques to apply to above warships, submarines, reconnaissance, confidential vehicles, submarines, appropriated networks, interesting fights, and airplane. Likewise, Australian Protection Priest Peter Dutton has reported a $ 1.44 billion interest in the improvement of automated submarine innovation to fortify Australia's tactical capacities in the midst of local struggles. Such advancements are supposed to animate the development of the submarine military market.
By Systems
Sensors
Electronic support measures
Armaments
By End-Use
Naval
Airborne
Land-based
By Application
Combat
C4ISR
Others
By Platforms
Submarines
Surface Ships
Maritime Patrol Aircrafts
Unmanned Systems
By Type
Weapon Systems
Communication and Surveillance Systems
Sensors and Computation Systems
Countermeasure Systems and Payload
Unmanned Underwater Vehicles
By Mode of Operation
Manned Operations
Autonomous Operations
Remotely Operations
REGIONAL ANALYSIS
The Asia-Pacific and European areas are likely to experience considerable growth during the forecast period, owing to the increasing acquisition of new submarines by naval forces as well as enhanced upgradation projects for existing submarines carried out in these regions. The increase can also be ascribed to a considerable increase in spending on improving maritime security.
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REGIONAL COVEREGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Kongsberg Gruppen, L3Harris Technologies Inc., General Dynamic Corporation, Leonardo S.p.A., Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, SAAB AB, BAE Systems Plc., Thales Group and Other Players
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 17.64 Billion |
Market Size by 2032 | US$ 27.37 Billion |
CAGR | CAGR of 5.0% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Systems (Sensors, Electronic support measures, Armaments) • By End-Use (Naval, Airborne, Land-based) • By Application (Combat, C4ISR, Others) • By Platforms (Submarines, Surface Ships, Helicopters, Maritime Patrol Aircrafts and Unmanned Systems) • By Type (Weapon Systems, Communication and Surveillance Systems, Sensors and Computation Systems, Countermeasure Systems and Payload, Unmanned Underwater Vehicles) • By Mode of Operation (Manned Operations, Autonomous Operations, Remotely Operations) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Kongsberg Gruppen, L3Harris Technologies Inc., General Dynamic Corporation, Leonardo S.p.A., Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, SAAB AB, BAE Systems Plc., and Thales Group. |
DRIVERS | • Demand rises for stealth undersea warfare system |
RESTRAINTS | • Underwater environment • Underwater threat protection |
The expected CAGR of the Undersea Warfare Systems Market is 5% during the forecast period of 2023-2030.
The market size of the Undersea Warfare Systems Market is expected to reach USD 24.82 billion by 2030.
The leading Undersea Warfare Systems Market players include Kongsberg Gruppen, L3Harris Technologies Inc., General Dynamic Corporation, Leonardo S.p.A., Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon Technologies Corporation, SAAB AB, BAE Systems Plc., and Thales Group.
The Covid-19 pandemic affected the Undersea Warfare Systems Market negatively due to the supply chain disruption. The detailed analysis is included in the final report.
Asia-Pacific region is expected to show the highest growth in the Undersea Warfare Systems Market during the forecast period.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Undersea Warfare Systems Market Segmentation, By Systems
8.1 Sensors
8.2 Electronic support measures
8.3 Armaments
9. Undersea Warfare Systems Market Segmentation, by End-Use
9.1 Naval
9.2 Airborne
9.3 Land-based
10. Undersea Warfare Systems Market Segmentation, by Application
10.1 Combat
10.2 C4ISR
10.3 Others
11. Undersea Warfare Systems Market Segmentation, by Platforms
11.1 Submarines
11.2 Surface Ships
11.3 Helicopters
11.4 Maritime Patrol Aircrafts
11.5 Unmanned Systems
12. Undersea Warfare Systems Market Segmentation, by Type
12.1 Weapon Systems
12.2 Communication and Surveillance Systems
12.3 Sensors and Computation Systems
12.4 Countermeasure Systems and Payload
12.5 Unmanned Underwater Vehicles
13. Undersea Warfare Systems Market Segmentation, by Mode of Operation
13.1 Manned Operations
13.2 Autonomous Operations
13.3 Remotely Operations
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 USA
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 France
14.3.4 Italy
14.3.5 Spain
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4 Asia-Pacific
14.4.1 Japan
14.4.2 South Korea
14.4.3 China
14.4.4 India
14.4.5 Australia
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.1 Israel
14.5.2 UAE
14.5.3 South Africa
14.5.4 Rest
14.6 Latin America
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Rest of Latin America
15. Company Profiles
15.1 Lockheed Martin Corporation
15.1.1 Financial
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.2 Raytheon Technologies Corporation
15.3 Saab AB
15.4 Thales Group
15.5 L3Harris Technologies, Inc.
15.6 General Dynamics Corporation
15.7 Kongsberg Gruppen
15.8 Leonardo S.p.A.
15.9 Northrop Grumman Corporation
15.10 BAE Systems Plc
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
17. Conclusion
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