Undersea Warfare Systems Global Market Report 2022: Sector to Reach $23.62 Billion by 2030 at a 4.8% CAGR
The global undersea warfare systems market is projected to reach USD 23.62 billion by 2030, with a CAGR of 4.8%. Governments are enhancing undersea weapon integration due to increasing territorial instabilities, driving market growth. New heavy-weight torpedoes are being developed to effectively target underwater threats. Stealth operations are also gaining importance, with countries like India expanding their submarine capabilities. However, component shortages and manufacturing delays, especially from Asia, are challenges. Despite these issues, post-pandemic recovery is expected to boost demand, especially for modern stealth submarines.
- Market expected to reach USD 23.62 billion by 2030.
- CAGR of 4.8% indicates strong growth potential.
- Increased government investment in undersea weapons supports market expansion.
- Rising demand for advanced naval combat systems and stealth submarines.
- Component shortages and manufacturing delays hinder growth.
- Regulatory challenges in import/export of goods affecting production.
Insights
Analyzing...
The global undersea warfare systems market size is expected to reach
Governments have focused on increasing the integration of under-sea weapons to defend the growing territorial in-stabilities, contributing significantly to market growth. Furthermore, manufacturers are introducing heavy-weight torpedoes capable of tracking & destroying underwater targets, thereby boosting growth. Counter and anti-access area denial are becoming an active part of essential navies' global naval strategies, and undersea warfare is expected to regain importance.
Operational stealth is increasingly vital as countries build maritime surveillance systems. For example,
Shortages of components and electronic systems have resulted from regulations governing the import and export of goods, resulting in delayed manufacturing. Material shortages caused by manufacturing shutdowns in
Undersea Warfare Systems Market Report Highlights
Combat sub-segment by component is anticipated to grow at a high CAGR. The widespread use of advanced naval combat systems for detecting, tracking, and neutralizing modern threats.
Remotely operations segment is expected to rise significantly. Underwater ROVs can be deployed quickly due to their compact design & simple technology. This is extremely useful in emergencies where time is of the essence and in areas that are too slender or difficult for divers to reach out
Key players include
The publisher has segmented the undersea warfare systems market report based on application, mode of operation, end-use, and region:
Undersea Warfare Systems, Application Outlook (Revenue - USD Billion, 2018 - 2030)
- Combat
- C4ISR
- command
- control
- communications
- computers
- intelligence
- surveillance
- reconnaissance
- Others
Undersea Warfare Systems, Mode of Operation Outlook (Revenue - USD Billion, 2018 - 2030)
- Manned Operations
- Autonomous Operations
- Remotely Operations
Undersea Warfare Systems, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
- Naval
- Airborne
- Land-based
Undersea Warfare Systems, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America U.S Canada Europe Germany UK France Italy Spain Russia Netherlands Asia Pacific China India Japan South Korea Indonesia Malaysia Latin America Argentina Brazil Mexico Middle East &Africa UAE Saudi Arabia Israel South Africa
Market Dynamics
- Drivers and Opportunities
- Advanced Battery and Fuel Cell Technology
- Growing Number of Defense Expenditures
- Restraints and Challenges
- High Cost
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Global Undersea Warfare Systems Market Insights
5. Global Undersea Warfare Systems Market, by Application
6. Global Undersea Warfare Systems Market, by Mode of Operation
7. Global Undersea Warfare Systems Market, by End-Use
8. Global Undersea Warfare Systems Market, by Geography
9. Competitive Landscape
10. Company Profiles
Companies Mentioned
BAE Systems Plc - General Dynamics Corporation
- Kongsberg Gruppen
- L3Harris Technologies Inc.
- Boeing Company
- Leonardo S.p.A.
- Lockheed Martin Corporation
DRS Technologies Inc. ECA Group - General Dynamics Corporation
- Kongsberg Gruppen
- Lockheed Martin Corporation
Ultra Electronics Corporation - S.A. de Electronica Submarina (SAES)
Atlas Elektronik GmbH - Harris Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
Thales Group and others.
For more information about this report visit https://www.researchandmarkets.com/r/er37sd-warfare?w=5
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FAQ
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