Global Submarine Combat Systems Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Submarine Combat Systems Market 2021 (Includes Business Impact of COVID-19)
Global Submarine combat systems Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global submarine combat systems market report has been segmented on the basis of system, submarine type, and region.
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The global Submarine Combat Systems market size was valued at USD $7.54 billion in 2020 and is projected to reach USD $30.95 billion by 2030, and is anticipated to expand at a CAGR of 15.13% over the forecast period from 2020 to 2030.


Global Submarine Combat Systems Market: Overview


Submarine combat systems contains software and hardware systems that are installed in the submarine. They are designed to detect and destroy the enemy vessel or any type of the target. Submarine combat systems are used for surveillance, communication, command and control of the vessel as well as firing ammunition.


Global Submarine Combat Systems Market: Dynamics


Increasing demand for submarine combat systems in naval forces of various countries is a key factor driving growth of the global submarine combat systems market. In addition, rising adoption of new and advanced technology in defense sector, coupled with increasing military budget in developing countries are factors propelling growth of the global market. Furthermore, upgradation of old technology as well as increasing strategic importance of ship submersible hunter killer ships are also factor expected to support growth of the global submarine combat systems market over the forecast period.

However, defense sector budget cuts in developed countries in a factor that may hamper growth of the global submarine combat systems market. in addition, high maintenance cost of submarine combat systems is another challenging factor that could affect growth of the global market. Nevertheless, increasing area of application of electronic support measures in submarines can create high revenue opportunities for players in the target market.


Global Submarine Combat Systems Market: Segment Analysis


Among the system segments, the electronic support measures segment is expected to register high growth in terms of revenue in the near future. Electronic support measures, also known as electronic support, are used to locate, identify, detect electromagnetic sources in order to recognize threat. This system provides information regarding target to operators, and is a factor driving growth of electronic support measures segment in the global market.

Among the submarine type segments, the ship submersible hunter killer segment is expected to account for significant share in terms of revenue over the forecast period. Ship submersible hunter killer are designed for attacking and sinking enemy ships. High adoption of submersible hunter killer ships is a factor fueling growth of this segment the target market.


Global Submarine Combat Systems Market: Region Analysis


Market in Asia Pacific expected to account for major share in terms of revenue over the forecast period. Increasing defense budget in countries in this region such as China and India is a major factor driving growth of the target market. In addition, increasing geo-political tensions, especially in North China sea is another factor anticipated to support growth of the submarine combat market in Asia Pacific. Market in Europe is anticipated to account for second-highest share in terms of revenue, followed by North America. Upgradation of old submarines is a factor supporting growth of the target market in this region. However, stringent arms transfer technology among different countries is a factor that could affect growth of the target market in this region.


Below are the active patents related to Submarine Combat Systems Market.


Patent Number: US20070215030A1

Submarine

Abstract

A submarine is equipped with an extending apparatus on whose free end a container (4) resistant to underwater pressure is arranged, in which an essentially recoil-free gun (5) lies. The container (4) in the submerged condition of the submarine may be brought to the water surface (15) by way of the extending apparatus, and pivoted out so that one may also shoot in the submerged condition.

Application File Date: 2004-07-02

Application Granted Date: 2007-10-09

Current Assignee: ThyssenKrupp Marine Systems GmbH

Patent Number:US7856938B2

General purpose submarine having high speed surface capability

Abstract

The present invention provides a submarine that is capable of surface operation with its passenger compartment completely or predominately above the waterline. The vessel is capable of high-speed, long-range surface navigation and seakeeping.

Application File Date: 2007-07-06

Application Granted Date: 2010-12-28

Current Assignee: Marion Hyper Submersible Powerboat Design LLC

Global Submarine Combat Systems Market Segmentation:

Segmentation by System:

  
Electronic Support Measures (ESM)
  
Armaments
  
Sensors

Segmentation by Submarine Type:

  
Ship Submersible Nuclear
  
Ship Submersible Ballistic Nuclear
  
Ship Submersible Hunter Killer


Key Market Players included in the report:


  
Atlas Elektronik GmbH (Germany).
  
BAE Systems
  
General Dynamics Corporation (U.S.)
  
Havelsan
  
Kongsberg Gruppen ASA (Norway)
  
Leonardo-Finmeccanica
  
Lockheed Martin Corporation (U.S.)
  
Northrop Grumman
  
Raytheon
  
SAAB AB (Sweden)
  
Thales Group
  
Thyssenkrupp Marine Systems