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Global Submarine Market 2017-2021

About Submarine

A submarine is an underwater naval platform that can stay submerged for extended periods and is deployed for multiple defense functions. It is considered crucial for a nation’s maritime security and is used for both offensive and defensive purposes. Submarines are designed for greater agility and stealth capabilities. These vessels are armed with powerful weapons such as missiles and torpedoes.

Technavio’s analysts forecast the global submarine market to grow at a CAGR of 4.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global submarine market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Submarine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BAE Systems
  • General Dynamics
  • Saab
  • DCNS
  • DSME
  • Huntington Ingalls Industries
Other prominent vendors
  • Fincantieri
  • Kawasaki Heavy Industries
  • Lockheed Martin
  • Mitsubishi Heavy Industries
  • Navantia
  • ThyssenKrupp Marine Systems
  • Thales
Market driver
  • Fleet replacement programs
  • For a full, detailed list, view our report
Market challenge
  • Project delays
  • For a full, detailed list, view our report
Market trend
  • Multi-mission submarines
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Submarine Market 2017-2021

Technavio recognizes the following companies as the key players in the global submarine market: BAE Systems, General Dynamics, Saab, DCNS, DSME, and Huntington Ingalls Industries.

Other Prominent Vendors in the market are: Fincantieri, Kawasaki Heavy Industries, Lockheed Martin, Mitsubishi Heavy Industries, Navantia, ThyssenKrupp Marine Systems, and Thales.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is multi-mission submarines. To make submarines more operationally flexible, vendors are developing submarines that can perform multiple functions. For instance, submarines like the Virginia-class ones of the US have a flexible design for future enhancements. They are designed for improved littoral warfare, surveillance, and open ocean capabilities.”

According to the report, one driver in the market is fleet replacement programs. With most of the submarines in countries nearing the end of their service life, there is a growing need for them to be replaced. The average life span of a submarine is around 40 years, and prolonged usage after their planned life will likely lead to high maintenance expenses and risks. Submarine parts like hydraulic systems, planes, rudders, batteries, main engine, gearbox, and nuclear propulsion systems must be regularly repaired and replaced.

Further, the report states that one challenge in the market is project delays. The development and construction of submarines is a long-drawn process and involves a considerable amount of funding. In several instances, these projects face multiple roadblocks that delay their completion by several months or even years. The factors that further delay the projects include issues with transfer of technology, cancellation of associated deals, and political constraints. In 2016, the contract for procuring 98 Black Shark torpedoes from Whitehead Alenia Systemi Subacquei (WASS) was canceled by the Indian MoD.



Companies Mentioned

BAE Systems, General Dynamics, Saab, DCNS, DSME, and Huntington Ingalls Industries. Fincantieri, Kawasaki Heavy Industries, Lockheed Martin, Mitsubishi Heavy Industries, Navantia, ThyssenKrupp Marine Systems, and Thales.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of naval vessels
      • Table Some of the major naval vessel projects
  • Market landscape
    • Market overview
      • Table Segmentation of global submarine market
    • Market size and forecast
      • Table Global submarine market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Segmentation by product type
      • Table Segmentation of global submarine market by product type 2016 and 2021 (% share)
      • Table Segmentation of global submarine market by product type 2016-2021 ($ billions)
    • Global SSN submarine market
      • Table Global SSN submarine market 2016-2021 ($ billions)
    • Global SSBN submarine market
      • Table Global SSBN submarine market 2016-2021 ($ billions)
    • Global SSK submarine market
      • Table Global SSK submarine market 2016-2021 ($ billions)
  • Geographical segmentation
    • Segmentation by regions
      • Table Segmentation of submarine market by region 2016 and 2021 (% share)
      • Table Segmentation of submarine market by region 2016 - 2021 ($ billions)
    • Submarine market in the Americas
      • Table Submarine market in the Americas 2016-2021 ($ billions)
    • Submarine market in APAC
      • Table Submarine market in APAC 2016-2021 ($ billions)
    • Submarine market in EMEA
      • Table Submarine market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Design features of Columbia-class submarines:
    • Market challenges
  • Market trends
  • Vendor landscape
    • List of vendors in global submarine market
      • Table List of vendors of the market
    • BAE Systems
      • Table BAE Systems: Business segmentation by revenue 2016
      • Table Seven Astute-class submarines
      • Table Specifications of Astute-class submarine:
    • General Dynamics
      • Table General Dynamics: Business segmentation by revenue 2016
      • Table Key submarine portfolio
    • Saab
      • Table Saab: Geographical segmentation by revenue 2016 (%)
      • Table Saab submarines class
      • Table Kockums Gotland-class: Technical specifications
      • Table Collins-class: Technical specifications
    • DCNS
      • Table DCNS submarine portfolio
      • Table Scorpene 2000: Technical specifications
    • DSME
      • Table DSME SSK submarines
      • Table 209-class: Technical specifications
      • Table 1004-class: Technical specifications
    • Huntington Ingalls Industries
      • Table Huntington Ingalls Industries: Business segmentation by revenue 2016 (%)
      • Table Newport News Shipbuilding submarines
      • Table Virginia-class: Technical specifications
    • Other Prominent Vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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