Submarine Market By Type, By Propulsion, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: SUBMARINE MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Ballistic Missile Submarines (SSBNs)
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Nuclear-Powered attack submarines (SSNs)
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Diesel-electric attack submarines (SSKs) and others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country

CHAPTER 5: SUBMARINE MARKET, BY PROPULSION
5.1 Overview
5.1.1 Market size and forecast
5.2 Nuclear
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Non Nuclear
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: SUBMARINE MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Military surveillance and Combat
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Marine Weather Monitoring and Scientific Research
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country

CHAPTER 7: SUBMARINE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Propulsion
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Propulsion
7.2.5.1.4 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Propulsion
7.2.5.2.4 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Propulsion
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Russia
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Propulsion
7.3.5.1.4 Market size and forecast, by Application
7.3.5.2 UK
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Propulsion
7.3.5.2.4 Market size and forecast, by Application
7.3.5.3 Germany
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Propulsion
7.3.5.3.4 Market size and forecast, by Application
7.3.5.4 France
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Propulsion
7.3.5.4.4 Market size and forecast, by Application
7.3.5.5 Italy
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Propulsion
7.3.5.5.4 Market size and forecast, by Application
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Type
7.3.5.6.3 Market size and forecast, by Propulsion
7.3.5.6.4 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Propulsion
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Propulsion
7.4.5.1.4 Market size and forecast, by Application
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Propulsion
7.4.5.2.4 Market size and forecast, by Application
7.4.5.3 North Korea
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Propulsion
7.4.5.3.4 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Propulsion
7.4.5.4.4 Market size and forecast, by Application
7.4.5.5 Japan
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Propulsion
7.4.5.5.4 Market size and forecast, by Application
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Type
7.4.5.6.3 Market size and forecast, by Propulsion
7.4.5.6.4 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Propulsion
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Propulsion
7.5.5.1.4 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Propulsion
7.5.5.2.4 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Propulsion
7.5.5.3.4 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 BAE Systems plc
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 General Dynamics Corporation
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Huntington Ingalls Industries, Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Kawasaki Heavy Industries, Ltd.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Lockheed Martin Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Mitsubishi Heavy Industries, Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Navantia
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Thales Group
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Thyssenkrupp AG
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Bollinger shipyards
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

The Submarine Market is expected to experience a significant growth rate of 4.0% from 2022-2031 owing to increasing market demand for nuclear based submarines across the globe.

Submarines are type of ships that move above the water as well as below the water and enhance the capabilities of the defense sector. Submarines are majorly classified into nuclear & non-nuclear submarines and are majorly used for military operations. However, these types of underwater vehicles have commercial applications to a certain extent. Primary applications of submarine within the military domain include protecting international waters, perform underwater warfare, provide underwater command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) support.

The key factors driving the growth of the submarine market include factors such as increasing spending on research & development, rise in geopolitical issues between countries and developing countries are adopting submarines for improving navy capabilities which drives the market towards a positive growth. For instance, in October 2021, Indian Government officials said that the Indian Navy can operate a mix of both nuclear and conventional submarines to deal with the threats around the country. Similarly, in February 2019, Saudi Arabia has signed a tentative agreement with France's Naval Group to build warships in the Kingdom of Saudi Arabia as part of an effort to develop domestic manufacturing capacity. Such developments create ample opportunities for the growth of the market across the globe.

The market also offers numerous restraints which has created a barrier affecting the growth of the market across the globe. This includes some of the factors such as high cost of maintenance & repair and limited countries having SSBN and SSN submarine capabilities which has impacted the key players to develop advanced products across the globe. However, the market has been supported by numerous opportunities such as implementation of AIP & MAD for operations by governments and adoption of additive manufacturing technologies which creates ample opportunities for the growth of the market across the globe.

The submarine market is segmented into type, propulsion, application and region. By type, the global market has been segmented into ballistic Missile Submarines (SSBNs), nuclear-Powered attack submarines (SSNs) and diesel-electric attack submarines (SSKs) and others. By propulsion, the global market has been segmented into nuclear and non-nuclear. By application, the global market has been segmented into military surveillance & combat, marine weather monitoring & scientific research and others. By region, it is analyzed across North America (U.S., Canada and Mexico), Europe (Russia, UK, Germany, France, Italy and Rest of Europe), Asia-Pacific (China, India, North Korea, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The key players profiled in the study include BAE Systems, Bollinger Shipyards, Mitsubishi Heavy Industries, Ltd., General Dynamics, Huntington Ingalls Industries, inc., Kawasaki Heavy Industries, Ltd., Lockheed Martin Corporation, Navantis, Thales, and ThyssenKrupp AG. Numerous developments have been carried out by these key players which has created ample opportunities for the growth of the market across the globe. For instance, in October, 2022, General Dynamics Corporation's subsidiary, General Dynamics Electric Boat was awarded a contract amounting to $ 532 million from the U.S. Navy. Under the contract, General Dynamics worked on development studies and design on Virginia-Class nuclear submarines for the U.S. Department of Defense. Similarly, in May 2022, BAE Systems was awarded a contract by the ministry of defense, UK to further develop its Dreadnought nuclear deterrent submarines. Furthermore, a funding of USD 2.21 Billion (GBP 2 billion) was announced for the development of these submarines. Similar developments carried out by other key manufacturers creates ample opportunities for the growth of the market across the globe.

Key Market Insights

By type, the diesel-electric attack submarines (SSKs) & others segment was the highest revenue contributor to the market, and is estimated to reach $ 14,162.3 million by 2031, with a CAGR of 3.7%. However, the ballistic missile submarines (SSBNs) segment is estimated to be the fastest growing segment with the CAGR of 4.4% during the forecast period.

By propulsion, the Non-nuclear segment dominated the global market, and is estimated to reach $ 17,806.0 million by 2031, with a CAGR of 3.7%. However, the nuclear segment is expected to be the fastest growing segment with the CAGR of 4.2% during the forecast period.

By application, the military surveillance & combat segment was the highest revenue contributor to the market, with $23,457.9 million in 2031, with a CAGR of 4.1%.

By region, Asia-Pacific was the highest revenue contributor, accounting for $8,728.1 million in 2021, and is estimated to reach $11,991.5 million by 2031, with a CAGR of 3.4% during the forecast period.

Companies Mentioned

• Bae Systems PLC
• General Dynamics Corporation
• Huntington Ingalls Industries, Inc.
• Kawasaki Heavy Industries, Ltd.
• Lockheed Martin Corporation
• Mitsubishi Heavy Industries, Ltd.
• Navantia
• Thales
• Thyssenkrupp AG
• Bollinger Shipyards

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.