Submarine Market Research Report- Forecast To 2023

Submarine Market Research Report- Forecast To 2023

ID: MRFR/AERO/3152-CRR | October, 2018 | Region: Global | 140 pages | Cooked Research Reports

Global Submarine Market Research Report: by Type (Nuclear Powered Submarine, Diesel Electric Submarine, Ballistic Missile Submarine), by Application (Detection of Oil Resources, Surveillance, Others), by Platform (Commercial, Military), and Region - Forecast to 2023


Market Synopsis


The global submarine market is expected to exhibit a 4.24% CAGR from 2018 to 2023 (forecast period), as per the latest report by Market Research Future (MRFR) owing to tremendous demand for unmanned underwater vehicles. Submarines are a vital part of navy fleets imperative in combat, surveillance, counter-surveillance, and other missions.


Modernization and upgradation of naval fleets by replacing legacy naval vessels can drive the market growth over the forecast period. This is buttressed by socio-political tensions among countries. The recent surge of the acquisition of nuclear powered submarines by developed nations can propel the market demand in the coming years. Ballooned defense budget of prominent nations is likely to work in favor of the submarine market.


Report Overview


The report provides a comprehensive overview of the market complete with statistical graphs to support the forecasted figures. Our analysts make insightful predictions regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the global submarine market segmented on the basis of type, application, platform, and region. Numerous growth strategies undertaken by companies as well as the latest trends driving the market are outlined in the report. The market share of all prominent players and their current position is discussed in minute detail. It analyzes new revenue sources for players and emphasizes on the various strategies implemented by players.


Segment Overview


By type, the submarine market is segmented into diesel electric, ballistic missile, and nuclear powered submarines. Major applications comprise marine environment monitoring, detection of oil resources, scientific research, surveillance, combat, and others. ‘Others’ is further segmented into oceanography, marine biology, and others. By platform, the market is segmented into commercial and military. The segments covered in the submarine market report are analyzed with respect to five regions namely – North America, Latin America, Middle East & Africa (MEA), Asia Pacific (APAC), and Europe. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market standings.


Competitive Landscape


Key players in the submarine market include Daewoo Shipbuilding & Marine Engineering Co. Ltd. (South Korea), General Dynamics (U.S.), Huntington Ingalls Industries (U.S.), Mazagon Dock Shipbuilders Limited (India), FINCANTIERI S.p.A. (Italy), Lockheed Martin Corporation (U.S.), Thales Group (France), Kawasaki Heavy Industries Ltd. (Japan), BAE Systems (U.K.), and Saab AB (Sweden).


The report offers a comprehensive analysis on the profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.


Research Methodology


At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with chief executive officers and top management professionals in hospital chains have culminated in highly relevant data. Secondary research entails a thorough analysis of past and present trends presented in a forward-looking manner.


In addition, market size estimation and validation of trends are conducted with both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Strong analytical tools are used to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.


Analysis Period



  • Base Year - 2017

  • Projection Period - From 2018 to 2023

  • Market Denomination - USD Million

  • Conversion Rate - Considered as per the respective financial years


Intented Audience



  • Submarine manufacturers

  • Defense authorities

  • Distributers & supplier companies

  • Research institutes & educational institutes

  • Naval organizations

  • Maritime organizations

  • Water research laboratories


Type



  • Nuclear Powered Submarine

  • Diesel Electric Submarine

  • Ballistic Missile Submarine


Application



  • Marine Environmental Monitoring

  • Detection of Oil Resources

  • Scientific Research

  • Surveillance

  • Combat

  • Others


Platform



  • Commercial

  • Military


Region



  • North America

    • The U.S.

    • Canada





  • Latin America

    • Brazil

    • Peru

    • Argentina

    • Rest of Latin America





  • Europe

    • Russia

    • U.K.

    • France

    • Rest of Europe





  • Asia Pacific

    • Taiwan

    • Australia

    • Japan

    • China

    • India

    • Rest of Asia Pacific





  • The Middle East & Africa

    • Iran

    • Egypt

    • Rest of Middle East & Africa



Submarine Market – Summary


Overview:


The global submarine market is expected to grow at an impressive 4.24% CAGR during the forecast period (2018-2023) to scale valuation of USD 28,656.3 million by the end of 2023. Market Research Future’s (MRFR) report on the submarine market further incorporates a detailed analysis of drivers and segments that can impact the market profoundly in the coming years. Submarines are underwater naval vessels which can be used for exploration, combat, reconnaissance, surveillance, and other missions.


Increase in maritime conflicts owing to socio-political tensions among countries can spur the submarine market demand over the forecast period. Taking a cue from this trend, various nations are upgrading their naval vessels and embedding them with the latest technology to serve as a bulwark against enemy forces. Rising demand for unmanned underwater vehicles (UUV) for carrying heavier payloads can net higher revenues for the global market till 2023.


Modernization of the existing flotilla of several navies can enhance the overall defense of developing and developed nations. Nuclear powered submarines are gaining prominence owing to rising fossil fuel prices and scarcity of renewable energy sources. This is exemplified with the deal signed between BWX Technologies and the U.S. Navy in 2015 for the manufacture of nuclear reactors. Retrofitting and maintenance costs of submarines can impede the market growth. But 3D printing and vessel replacement programs by governments offer new avenues for expansion.


Segmentation:


By type, the global submarine market can be segmented into nuclear powered, ballistic missile, and diesel electric submarines. The nuclear powered segment can exhibit a 4.48% CAGR during the review period due to its numerous advantages over conventional underwater vessels. The ballistic missile segment is predicted to exhibit the highest CAGR owing to its ability to target enemies over long distances. On the other hand, the diesel electric segment can induce market demand owing to its usage in Russia, China, Romania, Algeria, and Vietnam.


By application, the submarine market can be segmented into detection of oil resources, combat, marine environmental monitoring, scientific research, surveillance, and others. The combat segment is expected to grow at a 4.60% CAGR owing to high demand for UUVs in warfare. The surveillance segment can display the second strongest CAGR owing to these vessels need for underwater missions.


By platform, the market is segmented into commercial and military. The former can witness growth at 4.43% CAGR over the forecast period due to various opportunities in Asia Pacific. Retrofitting of new components in legacy submarines as well as integration of air-independent propulsion (AIP) in modern submarines can lead to new projects. On the flip side, the military segment can experience a 3.92% CAGR due to submarines playing a vital role in fortifying the defenses of nations.


Regional Analysis:


Geographical analysis of the submarine market spans across namely North America, Latin America (LATAM), Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).


The North American region has the largest potential to dominate the market till the end of the forecast period. Heavy demand for nuclear-powered submarines and advanced combat technologies can facilitate the regional valuation to USD 10,588.3 million by 2023. Modernization of naval fleets undertaken by the Canadian government are likely to spur the regional submarine market.


The Europe submarine market can experience a 4.11% CAGR over the forecast period lead by Russia, U.K., France, and Germany. The enlarged defense budget of nations such as the U.K. to improve the technology of dreadnoughts can positively spur market demand.


The MEA region can accrue massive demand from companies operating in the oil & gas sector. Israel and Iran are promising destinations as these regions require submarines to fortify their defenses. On the other hand, the LATAM submarine market can enjoy a 4.01% CAGR over the forecast period.


Competition:


Significant players influencing the global submarine market are BAE Systems (U.K.), Daewoo Shipbuilding & Marine Engineering Co. Ltd. (South Korea), FINCANTIERI S.p.A. (Italy), General Dynamics (U.S.), Huntington Ingalls Industries (U.S.), Kawasaki Heavy Industries Ltd. (Japan), Lockheed Martin Corporation (U.S.), Mazagon Dock Shipbuilders Limited (India), Saab AB (Sweden), Thales Group (France), and others.

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TABLE OF CONTENTS

2.1 Definition 20

2.2 Scope of the Study 20

2.3 List of Assumptions 21

2.4 Market Structure 21

2.5 Key Takeaways 22

3.1 Research Process 24

3.2 Primary Research 25

3.3 Secondary Research 26

3.4 Market Size Estimation 26

3.5 Forecast Model 27

4.1 Introduction 29

4.2 Drivers 29

4.2.1 Growing Demand for Unmanned Underwater Vehicle 29

4.2.2 Increasing Expenses on Submarines 30

4.2.3 Rapid Modernization of the Submarine Fleet 30

4.2.4 Surge in Usage of Nuclear-Powered Submarines 30

4.3 Restraint 31

4.3.1 Cost Associated with Refit and Maintenance 31

4.3.2 Defense Budget Constraints 31

4.4 Opportunities 32

4.4.1 3D Printing Technology 32

4.4.2 Ohio-Class Submarine Replacement Program 32

4.5 Trend 33

4.5.1 Advanced Undersea Warfare 33

5.1 List of Patents 35

6.1 Porter’s Five Forces Model 38

6.1.1 Threat of New Entrants 38

6.1.2 Bargaining Power of Suppliers 38

6.1.3 Bargaining Power of Buyers 38

6.1.4 Threat of Substitutes 39

6.1.5 Intensity of Rivalry 39

6.2 Supply Chain 40

7.1 Overview 42

7.1.1 Current Trends in the Global Unmanned Underwater Vehicle Market 42

7.1.2 Unmanned Underwater Vehicle Market in Taiwan - Summary 43

8.1 Overview 45

8.1.1 Nuclear Powered Submarine 45

8.1.2 Diesel Electric Submarine 45

8.1.3 Ballistic Missile Submarine 45

9.1 Overview 48

9.1.1 Surveillance 48

9.1.2 Combat 48

9.1.3 Scientific Research 48

9.1.4 Detection of Oil Resources 48

9.1.5 Marine Environmental Monitoring 48

9.1.6 Others 48

10.1 Overview 52

10.1.1 Commercial 52

10.1.2 Military 52

11.1 Overview 55

11.2 North America 56

11.2.1 US 60

11.2.2 Canada 61

11.3 Europe 63

11.3.1 Russia 67

11.3.2 UK 69

11.3.3 France 70

11.3.4 Germany 72

11.3.5 Rest of Europe 73

11.4 Asia-Pacific 75

11.4.1 China 79


11.4.2 India 81

11.4.3 Japan 82

11.4.4 Australia 84

11.4.5 Taiwan 85

11.4.6 Rest of Asia-Pacific 86

11.5 Middle East & Africa 88

11.5.1 Iran 92

11.5.2 Egypt 93

11.5.3 Rest of Middle East & Africa 94

11.6 Latin America 96

11.6.1 Brazil 100

11.6.2 Peru 101

11.6.3 Argentina 102

11.6.4 Rest of Latin America 104

12.1 Competitive Scenario 107

12.2 Market Share Analysis 107

12.3 Company Benchmarking 108

13.1 BAE Systems 110

13.1.1 Company Overview 110

13.1.2 Financial Overview 110

13.1.3 Product Offerings 111

13.1.4 Key Developments 112

13.1.5 SWOT Analysis 112

13.1.6 Key Strategy 112

13.2 Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME Co., Ltd.) 113

13.2.1 Company Overview 113

13.2.2 Financial Overview 113

13.2.3 Product Offerings 114

13.2.4 Key Developments 115

13.2.5 SWOT Analysis 115

13.2.6 Key Strategy 115

13.3 FINCANTIERI S.p.A. 116

13.3.1 Company Overview 116

13.3.2 Financial Overview 116

13.3.3 Product Offerings 117

13.3.4 Key Developments 117

13.3.5 SWOT Analysis 117

13.3.6 Key Strategy 117

13.4 General Dynamics 118

13.4.1 Company Overview 118

13.4.2 Financial Overview 118

13.4.3 Product Offerings 119

13.4.4 Key Developments 120

13.4.5 SWOT Analysis 120

13.4.6 Key Strategy 120

13.5 Huntington Ingalls Industries (HII) 121

13.5.1 Company Overview 121

13.5.2 Financial Overview 121

13.5.3 Product Offerings 122

13.5.4 Key Developments 122

13.5.5 SWOT Analysis 123

13.5.6 Key Strategy 123

13.6 Kawasaki Heavy Industries Ltd. 124

13.6.1 Company Overview 124

13.6.2 Financial Overview 124

13.6.3 Product Offerings 125

13.6.4 Key Developments 125

13.6.5 SWOT Analysis 126

13.6.6 Key Strategy 126

13.7 Lockheed Martin Corporation 127

13.7.1 Company Overview 127

13.7.2 Financial Overview 127

13.7.3 Product Offerings 128

13.7.4 Key Developments 129

13.7.5 SWOT Analysis 129

13.7.6 Key Strategy 129

13.8 Mazagon Dock Shipbuilders Ltd. (MDL) 130

13.8.1 Company Overview 130

13.8.2 Financial Overview 130

13.8.3 Product Offerings 131

13.8.4 Key Developments 131

13.8.5 SWOT Analysis 131

13.8.6 Key Strategy 131

13.9 Saab AB 132

13.9.1 Company Overview 132

13.9.2 Financial Overview 132

13.9.3 Product Offerings 133

13.9.4 Key Developments 134

13.9.5 SWOT Analysis 134

13.9.6 Key Strategy 134

13.10 Thales Group 135

13.10.1 Company Overview 135

13.10.2 Financial Overview 135

13.10.3 Product Offerings 136

13.10.4 Key Developments 136

13.10.5 SWOT Analysis 137

13.10.6 Key Strategy 137

14.1 References 139

TABLE 1 MARKET SYNOPSIS 18

TABLE 2 LIST OF ASSUMPTIONS 21

TABLE 3 MAJOR GRANTED PATENTS ON SUBMARINE (24TH SEPTEMBER 2014 – 24TH SEPTEMBER 2018) 35

TABLE 4 GLOBAL UNMANNED UNDERWATER VEHICLE MARKET, BY REGION, 2017-2023 (USD MILLION) 42

TABLE 5 GLOBAL SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 46

TABLE 6 GLOBAL SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 49

TABLE 7 GLOBAL SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 52

TABLE 8 GLOBAL SUBMARINE MARKET, BY REGION, 2017-2023 (USD MILLION) 55

TABLE 9 NORTH AMERICA: SUBMARINE MARKET, BY COUNTRY, 2017-2023 (USD MILLION) 57

TABLE 10 NORTH AMERICA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 57

TABLE 11 NORTH AMERICA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 58

TABLE 12 NORTH AMERICA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 59

TABLE 13 US: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 60

TABLE 14 US: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 61

TABLE 15 US: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 61

TABLE 16 CANADA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 62

TABLE 17 CANADA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 62

TABLE 18 CANADA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 62

TABLE 19 EUROPE: SUBMARINE MARKET, BY COUNTRY, 2017-2023 (USD MILLION) 64

TABLE 20 EUROPE: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 65

TABLE 21 EUROPE: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 66

TABLE 22 EUROPE: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 67

TABLE 23 RUSSIA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 68

TABLE 24 RUSSIA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 68

TABLE 25 RUSSIA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 69

TABLE 26 UK: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 69

TABLE 27 UK: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 70

TABLE 28 UK: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 70

TABLE 29 FRANCE: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 71

TABLE 30 FRANCE: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 71

TABLE 31 FRANCE: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 72

TABLE 32 GERMANY: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 72

TABLE 33 GERMANY: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 73

TABLE 34 GERMANY: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 73

TABLE 35 REST OF EUROPE: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 74

TABLE 36 REST OF EUROPE: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 74

TABLE 37 REST OF EUROPE: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 75

TABLE 38 ASIA-PACIFIC: SUBMARINE MARKET, BY COUNTRY, 2017-2023 (USD MILLION) 76

TABLE 39 ASIA-PACIFIC: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 77

TABLE 40 ASIA-PACIFIC: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 78

TABLE 41 ASIA-PACIFIC: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 79

TABLE 42 CHINA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 80

TABLE 43 CHINA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 80

TABLE 44 CHINA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 81

TABLE 45 INDIA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 81

TABLE 46 INDIA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 82

TABLE 47 INDIA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 82

TABLE 48 JAPAN: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 83

TABLE 49 JAPAN: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 83

TABLE 50 JAPAN: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 83

TABLE 51 AUSTRALIA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 84

TABLE 52 AUSTRALIA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 84

TABLE 53 AUSTRALIA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 85

TABLE 54 TAIWAN: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 85

TABLE 55 TAIWAN: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 86

TABLE 56 TAIWAN: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 86

TABLE 57 REST OF ASIA-PACIFIC: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 87

TABLE 58 REST OF ASIA-PACIFIC: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 87

TABLE 59 REST OF ASIA-PACIFIC: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 87

TABLE 60 MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY COUNTRY, 2017-2023 (USD MILLION) 89

TABLE 61 MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 90

TABLE 62 MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 91

TABLE 63 MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 91

TABLE 64 IRAN: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 92

TABLE 65 IRAN: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 92

TABLE 66 IRAN: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 93

TABLE 67 EGYPT: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 93

TABLE 68 EGYPT: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 94

TABLE 69 EGYPT: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 94

TABLE 70 REST OF MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 95

TABLE 71 REST OF MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 95

TABLE 72 REST OF MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 96

TABLE 73 LATIN AMERICA: SUBMARINE MARKET, BY COUNTRY, 2017-2023 (USD MILLION) 97

TABLE 74 LATIN AMERICA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 98

TABLE 75 LATIN AMERICA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 99

TABLE 76 LATIN AMERICA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 99

TABLE 77 BRAZIL: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 100

TABLE 78 BRAZIL: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 100

TABLE 79 BRAZIL: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 101

TABLE 80 PERU: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 101

TABLE 81 PERU: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 102

TABLE 82 PERU: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 102

TABLE 83 ARGENTINA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 103

TABLE 84 ARGENTINA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 103

TABLE 85 ARGENTINA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 104

TABLE 86 REST OF LATIN AMERICA: SUBMARINE MARKET, BY TYPE, 2017-2023 (USD MILLION) 104

TABLE 87 REST OF LATIN AMERICA: SUBMARINE MARKET, BY APPLICATION, 2017-2023 (USD MILLION) 105

TABLE 88 REST OF LATIN AMERICA: SUBMARINE MARKET, BY PLATFORM, 2017-2023 (USD MILLION) 105

TABLE 89 BAE SYSTEMS: PRODUCT OFFERINGS 111

TABLE 90 BAE SYSTEMS: KEY DEVELOPMENTS 112

TABLE 91 DSME: PRODUCT OFFERINGS 114

TABLE 92 DSME: KEY DEVELOPMENTS 115

TABLE 93 FINCANTIERI S.P.A: PRODUCT OFFERINGS 117

TABLE 94 FINCANTIERI S.P.A: KEY DEVELOPMENTS 117

TABLE 95 GENERAL DYNAMICS: PRODUCT OFFERINGS 119

TABLE 96 GENERAL DYNAMICS: KEY DEVELOPMENTS 120

TABLE 97 HUNTINGTON INGALLS INDUSTRIES: PRODUCT OFFERINGS 122

TABLE 98 HUNTINGTON INGALLS INDUSTRIES: KEY DEVELOPMENTS 122

TABLE 99 KAWASAKI HEAVY INDUSTRIES LTD: PRODUCT OFFERINGS 125

TABLE 100 KAWASAKI HEAVY INDUSTRIES LTD: KEY DEVELOPMENTS 125

TABLE 101 LOCKHEED MARTIN: PRODUCT OFFERINGS 128

TABLE 102 LOCKHEED MARTIN: KEY DEVELOPMENTS 129

TABLE 103 MDL: PRODUCT OFFERINGS 131

TABLE 104 MDL: KEY DEVELOPMENTS 131

TABLE 105 SAAB AB: PRODUCT OFFERINGS 133

TABLE 106 SAAB AB: KEY DEVELOPMENTS 134

TABLE 107 THALES GROUP: PRODUCT OFFERINGS 136

TABLE 108 THALES GROUP: KEY DEVELOPMENTS 136

FIGURE 1 GLOBAL SUBMARINE MARKET: MARKET STRUCTURE 21

FIGURE 2 KEY TAKEAWAYS FROM SUBMARINE MARKET 22

FIGURE 3 RESEARCH PROCESS OF MRFR 24

FIGURE 4 TOP-DOWN & BOTTOM-UP APPROACH 27

FIGURE 5 DROT ANALYSIS OF GLOBAL SUBMARINE MARKET 29

FIGURE 6 BEST ATTACK SUBMARINES 33

FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SUBMARINE MARKET 38

FIGURE 8 SUPPLY CHAIN: SUBMARINE 40

FIGURE 9 GLOBAL UNMANNED UNDERWATER VEHICLE MARKET, BY REGION, 2017 TO 2023 (USD MILLION) 42

FIGURE 10 GLOBAL UNMANNED UNDERWATER VEHICLE MARKET SHARE, BY REGION, 2018 (%) 43

FIGURE 11 GLOBAL SUBMARINE MARKET, BY TYPE, 2018 (% SHARE) 46

FIGURE 12 GLOBAL SUBMARINE MARKET, BY PLATFORM, 2017-2023 46

FIGURE 13 GLOBAL SUBMARINE MARKET, BY APPLICATION, 2018 (% SHARE) 49

FIGURE 14 GLOBAL SUBMARINE MARKET, BY APPLICATION, 2017-2023 50

FIGURE 15 GLOBAL SUBMARINE MARKET, BY PLATFORM, 2018 (% SHARE) 53

FIGURE 16 GLOBAL SUBMARINE MARKET, BY PLATFORM, 2017-2023 53

FIGURE 17 GLOBAL SUBMARINE MARKET SHARE, BY REGION, 2018 (% SHARE) 55

FIGURE 18 GLOBAL SUBMARINE MARKET, BY REGION, 2017 TO 2023 (USD MILLION) 55

FIGURE 19 NORTH AMERICA: SUBMARINE MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 56

FIGURE 20 NORTH AMERICA: SUBMARINE MARKET, BY COUNTRY, 2017 TO 2023 (USD MILLION) 56

FIGURE 21 NORTH AMERICA: SUBMARINE MARKET, BY TYPE, 2017 TO 2023 (USD MILLION) 57

FIGURE 22 NORTH AMERICA: SUBMARINE MARKET, BY APPLICATION, 2017 TO 2023 (USD MILLION) 58

FIGURE 23 NORTH AMERICA: SUBMARINE MARKET, BY PLATFORM, 2017 TO 2023 (USD MILLION) 59

FIGURE 24 EUROPE: SUBMARINE MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 63

FIGURE 25 EUROPE: SUBMARINE MARKET, BY COUNTRY, 2017 TO 2023 (USD MILLION) 64

FIGURE 26 EUROPE: SUBMARINE MARKET, BY TYPE, 2017 TO 2023 (USD MILLION) 65

FIGURE 27 EUROPE: SUBMARINE MARKET, BY APPLICATION, 2017 TO 2023 (USD MILLION) 66

FIGURE 28 EUROPE: SUBMARINE MARKET, BY PLATFORM, 2017 TO 2023 (USD MILLION) 67

FIGURE 29 ASIA-PACIFIC: SUBMARINE MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 75

FIGURE 30 ASIA-PACIFIC: SUBMARINE MARKET, BY COUNTRY, 2017 TO 2023 (USD MILLION) 76

FIGURE 31 ASIA-PACIFIC: SUBMARINE MARKET, BY TYPE, 2017 TO 2023 (USD MILLION) 77

FIGURE 32 ASIA-PACIFIC: SUBMARINE MARKET, BY APPLICATION, 2017 TO 2023 (USD MILLION) 78

FIGURE 33 ASIA-PACIFIC: SUBMARINE MARKET, BY PLATFORM, 2017 TO 2023 (USD MILLION) 79

FIGURE 34 MIDDLE EAST & AFRICA: SUBMARINE MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 88

FIGURE 35 MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY COUNTRY, 2017 TO 2023 (USD MILLION) 88

FIGURE 36 MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY TYPE, 2017 TO 2023 (USD MILLION) 89

FIGURE 37 MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY APPLICATION, 2017 TO 2023 (USD MILLION) 90

FIGURE 38 MIDDLE EAST & AFRICA: SUBMARINE MARKET, BY PLATFORM, 2017 TO 2023 (USD MILLION) 91

FIGURE 39 LATIN AMERICA: SUBMARINE MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 96

FIGURE 40 LATIN AMERICA: SUBMARINE MARKET, BY COUNTRY, 2017 TO 2023 (USD MILLION) 97

FIGURE 41 LATIN AMERICA: SUBMARINE MARKET, BY TYPE, 2017 TO 2023 (USD MILLION) 97

FIGURE 42 LATIN AMERICA: SUBMARINE MARKET, BY APPLICATION, 2017 TO 2023 (USD MILLION) 98

FIGURE 43 LATIN AMERICA: SUBMARINE MARKET, BY PLATFORM, 2017 TO 2023 (USD MILLION) 99

FIGURE 44 GLOBAL SUBMARINE MARKET SHARE, 2017 107

FIGURE 45 GLOBAL SUBMARINE MARKET, COMPANY BENCHMARKING 108

FIGURE 46 BAE SYSTEMS: REVENUE, 2015-2017 (USD MILLION) 110

FIGURE 47 BAE SYSTEMS: GEOGRAPHICAL SHARE, 2017 (%) 111

FIGURE 48 BAE SYSTEMS: SEGMENTAL SHARE, 2017 (%) 111

FIGURE 49 BAE SYSTEMS: SWOT ANALYSIS 112

FIGURE 50 DSME: REVENUE, 2015-2017 (USD MILLION) 113

FIGURE 51 DSME: GEOGRAPHICAL SHARE, 2017 (%) 114

FIGURE 52 DSME: SEGMENTAL SHARE, 2017 (%) 114

FIGURE 53 DSME: SWOT ANALYSIS 115

FIGURE 54 FINCANTIERI S.P.A: GLOBAL SALES, 2015-2017 (USD MILLION) 116

FIGURE 55 FINCANTIERI S.P.A: SEGMENTAL SHARE, 2017 (%) 116

FIGURE 56 FINCANTIERI S.P.A: SWOT ANALYSIS 117

FIGURE 57 GENERAL DYNAMICS: REVENUE, 2015-2017 (USD MILLION) 118

FIGURE 58 GENERAL DYNAMICS: GEOGRAPHICAL SHARE, 2017 (%) 119

FIGURE 59 GENERAL DYNAMICS: SEGMENTAL SHARE, 2017 (%) 119

FIGURE 60 GENERAL DYNAMICS: SWOT ANALYSIS 120

FIGURE 61 HUNTINGTON INGALLS INDUSTRIES: REVENUE, 2015-2017 (USD MILLION) 121

FIGURE 62 HUNTINGTON INGALLS INDUSTRIES: SEGMENTAL SHARE, 2017 (%) 121

FIGURE 63 HUNTINGTON INGALLS INDUSTRIES: SWOT ANALYSIS 123

FIGURE 64 KAWASAKI HEAVY INDUSTRIES LTD: NET SALES, 2015-2017 (USD MILLION) 124

FIGURE 65 KAWASAKI HEAVY INDUSTRIES LTD: GEOGRAPHICAL SHARE, 2017 (%) 124

FIGURE 66 KAWASAKI HEAVY INDUSTRIES LTD: SEGMENTAL SHARE, 2017 (%) 125

FIGURE 67 KAWASAKI HEAVY INDUSTRIES LTD: SWOT ANALYSIS 126

FIGURE 68 LOCKHEED MARTIN: GLOBAL SALES, 2015-2017 127

FIGURE 69 LOCKHEED MARTIN: GEOGRAPHICAL SHARE, 2017 (%) 128

FIGURE 70 LOCKHEED MARTIN: SEGMENTAL SHARE, 2017 (%) 128

FIGURE 71 LOCKHEED MARTIN: SWOT ANALYSIS 129

FIGURE 72 MDL: SALES, 2015-2017 (USD MILLION) 130

FIGURE 73 MDL: SWOT ANALYSIS 131

FIGURE 74 SAAB AB: SALES, 2015-2017 132

FIGURE 75 SAAB AB: GEOGRAPHICAL SHARE, 2017 (%) 133

FIGURE 76 SAAB AB: SEGMENTAL SHARE, 2017 (%) 133

FIGURE 77 SAAB AB: SWOT ANALYSIS 134

FIGURE 78 THALES GROUP: SALES, 2015-2017 (USD MILLION) 135

FIGURE 79 THALES GROUP: GEOGRAPHICAL SHARE, 2017 (%) 135

FIGURE 80 THALES GROUP: SEGMENTAL SHARE, 2017 (%) 136

FIGURE 81 THALES GROUP: SWOT ANALYSIS 137



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Global Submarine Market: Competitive Landscape


General Dynamics Corporation, Lockheed Martin, BAE Systems, Huntington Ingalls Industries, and DSME Co. Ltd. are the major five players operating in the global submarine market. General Dynamics held the largest share among top five players with a share of 23.03%, in 2017, followed by Lockheed Martin and BAE Systems with respective shares of 18.98% and 8.27%. These companies continue to retain their strong global presence through expansions, mergers & acquisitions, partnerships & collaborations, and extensive product portfolio.


General Dynamics is the leading company in the submarine market. The company focuses on expanding its business in the emerging naval markets, such as India and China. As, India and China have witnessed increasing military expenses, in the recent years, these countries are actively involved in the development of advanced underwater vehicles and submarines.


Lockheed Martin Corporation is primarily engaged in a wide range of products to customers in a variety of industries and customer segments. It focuses on contracts from the government as well as international clients to improve its overall financial position. Moreover, the company has been involved in developing a number of unmanned underwater vehicles and is primarily focusing on acquiring more contracts/customers from the emerging regions, such as the Middle East and Asia-Pacific.


BAE Systems, a merger between the General Electric, Marconi Electronic Systems, and British Aerospace, provides some of the world’s most advanced, technology-led defense, aerospace, and security solutions. The company focuses on expansion as a strategy, Moreover, the rise in the number of contracts and partnerships with the governments and major players, indicates the company’s focus on obtaining a higher number of clients for its business growth.


Huntington Ingalls Industries is America’s largest military shipbuilding company, which is partnered with government agencies and established players. The company mainly focuses on the expansion in developing countries. As most of the Asian countries are investing more on defense projects, especially on underwater vehicles, the company is looking for an opportunity for new contracts to cater to the Asian countries; China, Japan, and India, in particular.


Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) is involved in premium shipbuilding. With the highest defense export records in Korea, it is actively moving forward to expand its market share in the naval ship market based on experience and technical expertise. The company focuses on rapid advancements in the naval sector and it is looking for new opportunities in the Middle East region, in particular. With the new development and support contracts for submarines, the company would increase its market share and the overall revenue.


The growth of the market vendors is dependent on market conditions, government support, and industry development. Players focus on strengthening their presence worldwide through partnership & collaboration followed by mergers & acquisitions during the forecast period. These strategies are widely adopted to increase their presence and the customer base. The competitive environment in the market is likely to intensify further due to the increase in new product developments and business expansions.