Latest available report at Orbis Research Global Submarine Market covered and analysed the potential of Submarine Market and provides statistics and information on market size, shares, and growth factors.
Dallas, United States – May 16, 2018 —
Global Submarine Market 2018-2023:
Many countries are modernizing their naval defense units by manufacturing submarines, surface-mine countermeasure, unmanned underwater vehicles, and other combat and tactical UUVs, which is expected to drive the global submarine market.
North America was observed to be a developed market for submarines, with the US dominating the market. The US Navy has focused more on anti-submarine warfare (ASW) with a combination of air, sea, and undersea forces. At present, the US Navy has a total of 52 attack submarines, even so, the Navy is struggling to meet the demands of the North Atlantic, and Pacific oceans, as the Russian and Chinese fleets, have increased their sea activities.
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The Asia-Pacific (APAC) region is expected to command the global submarine market. With increase in defense budgets and spending, defense authorities of different nations of the region are primarily investing in submarines and other underwater warfare vehicles.
The SSN segment is projected to account for the largest market share, with 38.3%, in the submarine market, globally. Unlike the SSKs, these submarines do not have to surface periodically for air, which preserves their stealth attribute, while also being faster, more efficient, and having longer endurance capabilities. Such advantages are expected to drive the demand for SSNs, globally, during the forecast period. However, due to the nuclear Non-Proliferation Treaty (NPT) agreement between the different countries, many countries have refrained from possessing nuclear-powered vessels.
Growing Demand for Submarines in Developing Regions:
The rapid modernization of China’s submarine fleet has also compelled the demand in countries, such as Japan, India, Australia, Vietnam, and Taiwan. The growth is significantly driven by major countries, such as Australia, China, South Korea, and India, due to the rising number of maritime conflicts in the South China Sea and Indian Ocean. As a result, these countries are expanding their naval capabilities or planning to expand their naval capabilities.
Submarines form the centerpiece of naval fleets, owing to their multi-operational capabilities and the ability to complement other strategic resources. The global submarine market dropped drastically toward the end of the Cold War in 1991. Since then, Brazil, Russia, India, China (BRIC nations) and other developing countries of Asia-Pacific have invested in the market with an effort to strengthen their naval capabilities.
Key Developments in the Market:
March 2018: General Dynamics Corp’s subsidiary, Electric Boat, recently clinched a modification contract worth USD 696.2 million for supplying long lead-time materials for the construction of submarines for fiscal 2019 and fiscal 2020 Virginia-class submarines.
February 2018: Thales has won a R&D contract to explore sonar technology and a bow-mounted antenna for France’s next-generation nuclear-powered ballistic missile submarine.
BAE Marine Engineering, Systems AB, Daewoo Shipbuilding, and General Dynamics Electric Boat, among others.
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Reasons to Purchase the Report
• Provides latest insights on the global submarine market
• Gives a detailed analysis of key competitors in the global submarine market
• Forecasts the market value by assessing the impact of the market drivers and constraints
• 3-month analyst support, along with the Market Estimate Sheet (in excel)
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Table of content:
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Assumptions
3. Executive Summary
4. Market Overview and Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter’s Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Threat of Substitutes
4.3.3 Bargaining Power of Suppliers
4.3.4 Bargaining Power of Buyers
4.3.5 Intensity of Competitive Rivalry
5. Market Dynamics
6. Global Submarine Market, Segmented by Category
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7. Global Submarine Market, Segmented By Geography
7.1 North America
7.1.4 Rest of North America
7.2.6 Rest of Europe
7.3.4 Rest of Asia-Pacific
7.4 South America
7.4.3 Rest of South America
7.5 Middle East & Africa
7.5.1 Saudi Arabia
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
8. Competitive Landscape
8.2 Market Share Analysis
9. Company Profiles
9.1 Navantia S.A
9.3 FINCANTIERI SpA
9.4 Kockums AB
9.5 JSC PO Sevmash
9.6 Admiralty Shipyards, JSC
9.7 Lockheed Martin Corporation
9.8 ASC Pty Ltd
9.9 ThyssenKrupp Marine Systems AG
9.10 General Dynamics Electric Boat Corp.
9.11 Hyundai Heavy Industries
9.12 Huntington Ingalls Industries
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