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Submarines Global Market Report 2022, By Type, Platform, Application

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    Report

  • 175 Pages
  • February 2022
  • Region: Global
  • The Business Research Company
  • ID: 5550194
Submarines Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global submarines market as it emerges from the Covid 19 shut down.



Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the submarines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Submarines market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider submarines market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The submarines market section of the report gives context. It compares the submarines market with other segments of the submarines market by size and growth, historic and forecast.

Scope


Markets Covered:
1) By Type: Nuclear Powered Submarine; Diesel Electric Submarine; Ballistic Missile Submarine
2) By Platform: Commercial; Military
3) By Application: Surveillance; Combat; Marine Environmental Monitoring; Others

Companies Mentioned: General Dynamics; Huntington Ingalls Industries; Mazagon Dock Shipbuilders Limited; ThyssenKrupp Marine Systems (TKMS); Kawasaki Heavy Industries Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


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Frequently Asked Questions about the Global Submarines (Including Nuclear Submarines) Market

What is the estimated value of the Global Submarines (Including Nuclear Submarines) Market?

The Global Submarines (Including Nuclear Submarines) Market was estimated to be valued at $17.41 billion in 2022.

What is the growth rate of the Global Submarines (Including Nuclear Submarines) Market?

The growth rate of the Global Submarines (Including Nuclear Submarines) Market is 5.9%, with an estimated value of $21.86 billion by 2026.

What is the forecasted size of the Global Submarines (Including Nuclear Submarines) Market?

The Global Submarines (Including Nuclear Submarines) Market is estimated to be worth $21.86 billion by 2026.

Who are the key companies in the Global Submarines (Including Nuclear Submarines) Market?

Key companies in the Global Submarines (Including Nuclear Submarines) Market include General Dynamics, Huntington Ingalls Industries, Mazagon Dock Shipbuilders Limited, ThyssenKrupp Marine Systems (TKMS), Kawasaki Heavy Industries Ltd., Daewoo Shipbuilding & Marine Engineering Co. Ltd., FINCANTIERI S.p.A, Lockheed Martin Corporation and Saab AB.

Table of Contents

1. Executive Summary2. Submarines Market Characteristics3. Submarines Market Trends And Strategies4. Impact Of COVID-19 On Submarines
5. Submarines Market Size And Growth
5.1. Global Submarines Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Submarines Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Submarines Market Segmentation
6.1. Global Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Nuclear Powered Submarine
  • Diesel Electric Submarine
  • Ballistic Missile Submarine
6.2. Global Submarines Market, Segmentation By Platform, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Commercial
  • Military
6.3. Global Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Surveillance
  • Combat
  • Marine Environmental Monitoring
  • Others

7. Submarines Market Regional And Country Analysis
7.1. Global Submarines Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Submarines Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Submarines Market
8.1. Asia-Pacific Submarines Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Submarines Market
9.1. China Submarines Market Overview
9.2. China Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Submarines Market
10.1. India Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Submarines Market
11.1. Japan Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Submarines Market
12.1. Australia Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Submarines Market
13.1. Indonesia Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Submarines Market
14.1. South Korea Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Submarines Market
15.1. Western Europe Submarines Market Overview
15.2. Western Europe Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Submarines Market
16.1. UK Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Submarines Market
17.1. Germany Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Submarines Market
18.4. France Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Submarines Market
19.1. Eastern Europe Submarines Market Overview
19.2. Eastern Europe Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Submarines Market
20.1. Russia Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Submarines Market
21.1. North America Submarines Market Overview
21.2. North America Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Submarines Market
22.1. USA Submarines Market Overview
22.2. USA Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Submarines Market
23.1. South America Submarines Market Overview
23.2. South America Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Submarines Market
24.1. Brazil Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Submarines Market
25.1. Middle East Submarines Market Overview
25.2. Middle East Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Submarines Market
26.1. Africa Submarines Market Overview
26.2. Africa Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Submarines Market Competitive Landscape And Company Profiles
27.1. Submarines Market Competitive Landscape
27.2. Submarines Market Company Profiles
27.2.1. General Dynamics
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Huntington Ingalls Industries
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Mazagon Dock Shipbuilders Limited
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. ThyssenKrupp Marine Systems (TKMS)
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Kawasaki Heavy Industries Ltd.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers And Acquisitions In The Submarines Market29. Submarines Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About The Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the submarines market are General Dynamics, Huntington Ingalls Industries, Mazagon Dock Shipbuilders Limited, ThyssenKrupp Marine Systems (TKMS), Kawasaki Heavy Industries Ltd., Daewoo Shipbuilding & Marine Engineering Co. Ltd., FINCANTIERI S.p.A, Lockheed Martin Corporation, BAE Systems, Saab AB, China Shipbuilding Industry Corporation (CSIC), Navantia SA and United Shipbuilding Corporation.

The global submarines (including nuclear submarines) market is expected to decline from $18.96 billion in 2021 to $17.41 billion in 2022 at a compound annual growth rate (CAGR) of -8.2%. The decline in growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $21.86 billion in 2026 at a CAGR of 5.8%.

The submarines market consists of sales of submarines by entities (organizations, sole traders, and partnerships) that manufacture submarines. Nuclear submarines are also included in the market.

The main types of submarines are nuclear-powered submarines, diesel-electric submarines, and ballistic missile submarines. A ballistic missile submarine is used to deploy submarine-launched ballistic missiles (SLBMs) with nuclear warheads. The various platform includes commercials that are used for surveillance, combat, marine environmental monitoring, others.

North America is the largest region in the submarines market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising investment in submarines is expected to propel the growth of the submarines market in the coming years. A submarine is a type of vessel that can move both above and below sea level. Governments across the world are investing in submarines to improve local shipyard capacities and fill holes in the Navy's underwater war force. For instance, the Indian government released a specific expression of interest in June 2019 for an Indian shipyard to develop the submarines at a budget of $6.6 billion. According to the services new annual report to Congress, the U.S. Navy increased investment on its next-generation nuclear missile submarine project by $2 billion in the fiscal year 2021 and continues to drive towards $5 billion in 2024. Therefore, the rising investment in submarines drives the growth of the submarines market.

The high cost of submarines is expected to hamper the growth of the submarines market over the forecast period. A submarine is a type of vessel that can move both above and below sea level. The cost of the submarines depends on the size, design, and capabilities of the vessel. In 2019, the Congressional Budget Office (CBO) reports that the total cost per submarine for the Submersible Ship Nuclear (SSN) (a nuclear-powered general-purpose attack submarine) would be $5.5 billion, while the Navy predicts that the budget per submarine would be $3.4 billion. Therefore, the high cost of submarines restraints the growth of the submarines market.

The integration of 3D printing or additive manufacturing in submarines is a key trend gaining popularity in the submarines market. Major companies operating in the submarines sector are using 3D printing to build optimized submersible components and to improve performance by reducing essential properties such as weight. For instance, in February 2020, ThyssenKrupp Marine Systems, a Germany-based company that provides naval vessels, surface ships, and submarines have announced plans to expand the use of 3D printing for the production of submarine components. Thyssenkrupp Marine Systems has announced that the hydraulic block has been revamped by additive manufacturing for a submarine that has traditionally weighed 14 kg and now weighs only 2.1 kg.

In March 2020, Huntington Ingalls Industries, an America-based military shipbuilding company acquired Hydroid Inc., for an undisclosed amount. The acquisition is expected to enhance Huntington Ingalls Industries' capabilities in technical solutions to unmanned underwater vehicle (UUV) business, autonomous underwater vehicles (AUV), or marine robots. Hydroid Inc., is an America based company that manufactures underwater vehicles (UUVs).

The countries covered in the submarines market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • General Dynamics
  • Huntington Ingalls Industries
  • Mazagon Dock Shipbuilders Limited
  • ThyssenKrupp Marine Systems (TKMS)
  • Kawasaki Heavy Industries Ltd.
  • Daewoo Shipbuilding & Marine Engineering Co. Ltd.
  • FINCANTIERI S.p.A
  • Lockheed Martin Corporation
  • BAE Systems
  • Saab AB
  • China Shipbuilding Industry Corporation (CSIC)
  • Navantia SA
  • United Shipbuilding Corporation

Methodology

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