Press release
What's driving the Submarine Combat System Market Growth? Thales Group, Saab, Northrop Grumman, Atlas Elektronik, Lockheed Martin, Raytheon, BAE Systems PLC
Market Study Report LLC adds 2019-2025 global Submarine Combat System market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.Europe holds a significant revenue share in the submarine combat systems market owing to the presence of multiple manufacturers across the region. Industry players are engaged in strategic partnerships and joint ventures for improving their market share. For instance, in October 2017, Thyssenkrupp Marine System and Kongsberg established a joint venture named Kta Naval Systems for developing and maintaining next generation combat systems for the Norwegian Defense.
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Rising demand for upgrading existing naval based defense solutions with advanced technologies and weaponry will propel the submarine combat systems market share over the forecast timeframe. Defense agencies are striving to enhance their maritime warfare strategies owing to persisting political and military concerns across the globe. Increasing utilization of high-speed submarines offering improved stealth capabilities for launching cruise missiles against ground targets in covert operations will provide a positive outlook for the industry expansion.
Governments across the globe are focusing on increasing their defense budgets for adopting innovative technologies and improving their country security. For instance, according to the Stockholm International Peace Research Institute, the global military budget rose to USD 1,739 Billion in 2017, accounting for an increase of over 1.1% compared to 2016. Rising research projects for enhancing the naval and maritime capabilities are providing strong growth prospects for submarine combat systems market share. For instance, in August 2017, Sonartech Atlas and Australia’s Defense Science and Technology (DST) Group signed a three-year agreement for undertaking various R&D activities to develop Australian ships and submarines.
Torpedoes will register substantial growth owing to benefits offered by these submarines including long range and diversified capabilities of deployming these submarines above and below the sea level. Modern torpedoes are incorporated with innovative systems for facilitating precise direction and depth control, thereby offering efficient performance and operations during a mission. Additionally, advancements in propulsion technologies with a balanced distribution of power and efficiency for supporting longer-range and high-power output during missions further boosts the submarine combat systems market.
Rising deployment of new submarines offering longer range and multi mission capabilities are positively influencing the submarine combat systems market expansion over the projected timeframe. Incorporation of AI and computed automation technologies along with improvements in infrared sensors are prominently supporting the remote monitoring and supervision of naval vessels. For instance, in 2018, China initiated working on its AI powered autonomous submarines, that are suitable for reconnaissance missions.
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Higher cost associated with upgrading conventional submarines with advanced modular combat technologies may restrict the submarine combat systems market over the forecast timeframe. Additionally, higher maintenance cost incurred for maintaining efficient performance may further limit the market reach. However, industry players are continuously investing in R&D for introducing cost effective defense technologies, along with advanced and efficient combat systems for boosting the industry share.
SSK will account for a significant volume share owing to increasing product upgradation and modernization programs by multiple military organizations across the globe. The benefits offered by the system including lower noise, compact size along with integrated navigation and operational management sensors positively influencing the submarine combat systems market over the study timeframe. The incorporation of advanced electric and diesel powertrain in these submarines along with lower manufacturing cost compared to the other submarines are further expanding the segment share.
The submarine combat systems market is highly competitive owing to the presence of major manufacturers including Atlas Elektronik, Thales Group, Saab, Lockheed Martin, Raytheon, BAE Systems PLC, Naval Group and Northrop Grumman. Industry players are emphasizing on offering innovative stealth technologies and customized solutions by establishing long term contracts with government organizations. For instance, in September 2016, Australian Defense Ministry awarded a contract to Lockheed Martin for incorporating combat systems in its 12 submarines.
Table of Contents:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition & forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Submarine combat system industry 360 degree synopsis, 2013 - 2025
2.1.1. Business trends
2.1.2. Submarine trends
2.1.3. Weapon trends
2.1.4. Regional trends
Chapter 3. Submarine Combat Systems Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2025
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Manufacturers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. Regional pricing
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
3.4.2. Cost structure analysis
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. Middle East & Africa
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Latin America
3.6.1.5. Middle East & Africa
3.6.2. Industry pitfalls & challenges
3.7. Innovation and sustainability
3.8. Growth potential analysis, 2018
3.9. Porter's analysis
3.10. Competitive landscape, 2018
3.10.1. Top players analysis, 2018
3.10.2. Strategy dashboard
3.11. PESTEL analysis
Chapter 4. Submarine Combat Systems Market, By Submarine
4.1. Global submarine combat system market share by submarine, 2018 & 2025
4.2. SSK
4.2.1. Global market estimates and forecasts, 2013 - 2025
4.2.2. Market estimates and forecast, by region, 2013 - 2025
4.3. SSN
4.3.1. Global market estimates and forecasts, 2013 - 2025
4.3.2. Market estimates and forecast, by region, 2013 - 2025
4.4. SSBN
4.4.1. Global market estimates and forecasts, 2013 - 2025
4.4.2. Market estimates and forecast, by region, 2013 - 2025
4.5. SSGN
4.5.1. Global market estimates and forecasts, 2013 - 2025
4.5.2. Market estimates and forecast, by region, 2013 - 2025
Chapter 5. Submarine Combat Systems Market, By Weapon
5.1. Global submarine combat system market share by weapon, 2018 & 2025
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Related Report:
Global Submarine Combat Systems Market Research Report 2019
The global Submarine Combat Systems market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Submarine Combat Systems volume and value at global level, regional level and company level. From a global perspective, this report represents overall Submarine Combat Systems market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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