Submarine Payload Market Research Report - Global Forecast till 2027

Global Submarine Payload Market Research Report: Information by Submarine Type (Nuclear Powered Attack, AIP, Diesel Electric, Ballistic Missile), Payload (Sensors, Electronic Support Measures, Armaments), Application (Military, Marine, Environmental Monitoring, Detection of Oil Resources, Others) & Region (North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America) - Forecast till 2027

ID: MRFR/A&D/4550-HCR | February 2021 | Region: Global | 100 pages

Market Scenario


A submarine is one of the most complex platforms in Navy. Submarines are equipped with payloads systems, which accommodate advanced technologies and enhance the submarine’s warfighting capabilities. The wide variety of payloads mounted on submarines make them more flexible, survivable, and effective. For instance, nuclear-powered submarines and ballistic missile submarines carry payloads such as torpedoes and cruise missiles. Therefore, significant investment has been done on the development of submarine payload, and consequently, the market would witness a rapid growth during the forecast period. However, only a few countries are working on the development of submarine payload systems due to limited defense expenses and lack of modernization, which is a major restraint for the market.


Some of the recent developments in the market would be, BAE systems signing a contract with General Dynamics Electric Boat to begin work associated with the production of Virginia Payload Module (VPM) tubes for Block V Virginia-class submarines, which contains four large-diameter payload tubes capable of storing and launching up to seven Tomahawk cruise missiles, General Dynamics Electric Boat signing a contract with U.S. Navy to provide research and development and lead-yard services for Virginia-class nuclear-powered attack submarines which include Virginia Payload Module, and Raytheon signing a contract with U.S. Navy to build Tomahawk cruise missiles from new submarine payload tubes.


The increased need for intelligence, surveillance, and reconnaissance (ISR) will enable the defense vendors to offer new growth opportunities for the market players. The factors responsible for the growth of the global submarine payload market are extensive investments in the development and installation of command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems, missiles, radars, and sensors on the submarines by countries such as the U.S., Russia, China, India, Iran, Japan, South Korea, Turkey, and the U.K. Another key driver for the growth of the global submarine payload market is the increase in the number of naval defense units.


The submarines are equipped with payload systems such as vertical missile launch tubes, lock-out/lock-in chamber, and torpedo tubes. The submarine payload systems are designed for counterterrorism, localized conflict operations, and nuclear warheads. The widespread use of submarines, procurement of newly built submarines, export of new submarines, and spreading of submarine construction to several parts of the world has increased the competitiveness of submarine payload market. The changing trends in armaments policy in the naval industry have affected the submarine payload market, and several activities which used to be performed by government organizations are now being performed by commercial industries and previous government armament establishments which have now become commercial enterprises.


The global submarine payload market is segmented into submarine type, payload, application, and regions. Among submarine types, the nuclear-powered attack is widely used and has the largest market share in its segment. In the payload segment, sensors are estimated to have the largest demand during the forecast period, due to the continuous rise in R&D activities. When it comes to application, military application has the largest demand in submarine payload market, due to increasing technological requirements of military forces. For instance, Northrop Grumman Corporations Electronic Systems signed a contract of $34 million with U.S. Navy Strategic Systems Programs (SSP) to adopt missile tubes of fleet ballistic missile submarines for launching missiles, ranging from nuclear ballistic missiles to conventional cruise missiles.


Segmentation of the global submarine payload market


On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East, and South America. The North America region is expected to dominate the market in future, due to the rise in defense budgets and spendings of the countries. Asia Pacific region is second to the North America region in the global submarine payload market, due to increase in border disputes and rising number of maritime conflicts in the Indian Ocean and the South China Sea, in the regions such as Australia, China, India, Japan, Korea, Malaysia, Pakistan, Singapore, Taiwan, and Vietnam.


Key Players


The key players in the global submarine payload market are BAE Systems (U.K), General Dynamics (U.S.), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), DSME Co. Ltd. (South Korea), Raytheon (U.S.), Thales (France), Fincantieri (Italy), Huntington Ingalls Industries (U.S.), and Kawasaki Heavy Industries (Japan).


Research Methodology


The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.



  • Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.



  • Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights




  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments




  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region




  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis




  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook




  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions




  • Regional attractiveness and related growth opportunities




Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:



  • Company Profiles


In-depth profiling of additional market players (3 to 4 companies)



  • Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)


Intended Audience



  • Naval authorities

  • Naval component manufacturers

  • Component providers

  • Regulatory bodies

  • Government authorities

  • Research institutes

  • Regulatory bodies



Frequently Asked Questions (FAQ) :


The Global Submarine Payload Market will be expanding at 4% CAGR in the future.

The growth period for the Global Submarine Payload Market is 2020–2027.

Global Submarine Payload Market is growing with the improved need for intelligence, surveillance, and reconnaissance (ISR).

BAE systems has signed a contract with General Dynamics Electric Boat to begin work associated with the production of the Virginia Payload Module (VPM) tubes for Block V Virginia-class submarines. General Dynamics Electric Boat signed a contract with U.S. Navy to propose research and development and lead-yard services for Virginia-class nuclear-powered attack submarines. Raytheon also signed a contract with U.S. Navy to build Tomahawk cruise missiles from new submarine payload tubes.

the Asia Pacific, the Middle East, North America, Europe, and South America are the regions studied to recognize the dynamics of the market regionally.

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Submarine Payload Market, By Submarine Type

1.1.2. Global Submarine Payload Market, By Payload

1.1.3. Global Submarine Payload Market, By Application

1.1.4. Global Submarine Payload Market, By Region

2. MARKET INTRODUCTION

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. MARKET INSIGHTS

5. MARKET DYNAMICS

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

6. MARKET FACTOR ANALYSIS

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Segment Rivalry

6.2.5. Bargaining Power of Supplies

7. GLOBAL SUBMARINE PAYLOAD MARKET, BY SUBMARINE TYPE

7.1. Introduction

7.2. Nuclear Powered Attack

7.3. AIP

7.4. Diesel Electric

7.5. Ballistic Missile

8. GLOBAL SUBMARINE PAYLOAD MARKET, BY PAYLOAD

8.1. Introduction

8.2. Sensors

8.3. Electronic Support Measures

8.4. Armaments

9. GLOBAL SUBMARINE PAYLOAD MARKET, BY APPLICATION

9.1. Introduction

9.2. Military

9.3. Marine

9.4. Environmental Monitoring

9.5. Detection of Oil Resources

9.6. Others

10. GLOBAL SUBMARINE PAYLOAD MARKET, BY REGION

10.1. Introduction

10.2. North America

10.2.1. US

10.2.2. Canada

10.3. Europe

10.3.1. UK

10.3.2. Germany

10.3.3. France

10.3.4. Russia

10.3.5. Italy

10.3.6. Rest of Europe

10.4. Asia-Pacific

10.4.1. China

10.4.2. Japan

10.4.3. India

10.4.4. Australia

10.4.5. Singapore

10.4.6. Rest of Asia-Pacific

10.5. Middle East & Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Israel

10.5.4. Rest of Middle East & Africa

10.6. Latin America

10.6.1. Brazil

10.6.2. Rest of Latin America

11. COMPETITIVE LANDSCAPE

11.1. Competitive Overview

11.2. Competitor Dashboard

11.3. Major Growth Strategy in the Global Submarine Payload Market

11.4. Competitive Benchmarking

11.5. Market Share Analysis

11.6. Leading Player in terms of Number of Developments in Global Submarine Payload Market

11.7. Key Developments & Growth Strategies

11.7.1. New Product Launch/Component Deployment

11.7.2. Merger & Acquisition

11.7.3. Joint Ventures

12. COMPANY PROFILES

(Company overview, financial updates, products & service offered, key developments, and SWOT analysis to be provided)

12.1. Key Market Players

12.1.1. BAE Systems

12.1.2. General Dynamics

12.1.3. Lockheed Martin Corporation

12.1.4. Northrop Grumman Corporation

12.1.5. DSME Co. Ltd.

12.1.6. Raytheon

12.1.7. Thales Group

12.1.8. Fincantieri

12.1.9. Huntington Ingalls Industries

12.1.10. Kawasaki Heavy Industries

13. CASE STUDIES

14. APPENDIX

14.1. References

14.2. Related Reports

14.3. List of Abbreviation

LIST OF TABLES

Table 1 Global Submarine Payload Application Market, by Region, 2020–2027

Table 2 North America: Submarine Payload Application Market, by Country, 2020–2027

Table 3 Europe: Submarine Payload Application Market, by Country, 2020–2027

Table 4 Asia-Pacific: Submarine Payload Application Market, by Country, 2020–2027

Table 5 Middle East & Africa: Submarine Payload Application Market, by Country, 2020–2027

Table 6 Latin America: Submarine Payload Application Market, by Country, 2020–2027

Table 7 Global Submarine Payload Market, by Region, 2020–2027

Table 8 Global Submarine Payload Market, by Submarine Type, 2020–2027

Table 9 Global Submarine Payload Market, by Payload, 2020–2027

Table 10 Global Submarine Payload Market, by Application, 2020–2027

Table 11 North America: Submarine Payload Market, by Country, 2020–2027

Table 12 North America: Submarine Payload Market, by Submarine Type, 2020–2027

Table 13 North America: Submarine Payload Market, by Payload, 2020–2027

Table 14 North America: Submarine Payload Market, by Application, 2020–2027

Table 15 Europe: Submarine Payload Market, by Country, 2020–2027

Table 16 Europe: Submarine Payload Market, by Submarine Type, 2020–2027

Table 17 Europe: Submarine Payload Market, by Payload, 2020–2027

Table 18 Europe: Submarine Payload Market, by Application, 2020–2027

Table 19 Asia-Pacific: Submarine Payload Market, by Country, 2020–2027

Table 20 Asia-Pacific: Submarine Payload Market, by Submarine Type, 2020–2027

Table 21 Asia-Pacific: Submarine Payload Market, by Payload, 2020–2027

Table 22 Asia-Pacific: Submarine Payload Market, by Application, 2020–2027

Table 23 Middle East & Africa: Submarine Payload Market, by Country, 2020–2027

Table 24 Middle East & Africa: Submarine Payload Market, by Submarine Type, 2020–2027

Table 25 Middle East & Africa: Submarine Payload Market, by Payload, 2020–2027

Table 26 Middle East & Africa: Submarine Payload Market, by Application, 2020–2027

Table 27 Latin America: Submarine Payload Market, by Country, 2020–2027

Table 28 Latin America: Submarine Payload Market, by Submarine Type, 2020–2027

Table 29 Latin America: Submarine Payload Market, by Payload, 2020–2027

Table 30 Latin America: Submarine Payload Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Submarine Payload Market Share, by Submarine Type, 2020 (%)

FIGURE 9 Global Submarine Payload Market, by Submarine Type, 2020–2027 (USD Million)

FIGURE 10 Global Submarine Payload Market Share, by Payload, 2020 (%)

FIGURE 11 Global Submarine Payload Market, by Payload, 2020–2027 (USD Million)

FIGURE 12 Global Submarine Payload Market Share, by Application, 2020 (%)

FIGURE 13 Global Submarine Payload Market, by Application, 2020–2027 (USD Million)

FIGURE 14 Global Submarine Payload Market Share, by Region, 2020 (%)

FIGURE 15 Global Submarine Payload Market, by Region, 2020–2027 (USD Million)

FIGURE 16 North America: Submarine Payload Market Share, 2020 (%)

FIGURE 17 North America: Submarine Payload Market, by Country, 2020–2027 (USD Million)

FIGURE 18 Europe: Submarine Payload Market Share, 2020 (%)

FIGURE 19 Europe: Submarine Payload Market, by Country, 2020–2027 (USD Million)

FIGURE 20 Asia-Pacific: Submarine Payload Market Share, 2020 (%)

FIGURE 21 Asia-Pacific: Submarine Payload Market, by Country, 2020–2027 (USD Million)

FIGURE 22 Middle East & Africa: Submarine Payload Market Share, 2020 (%)

FIGURE 23 Middle East & Africa: Submarine Payload Market, by Region, 2020–2027 (USD Million)

FIGURE 24 Latin America: Submarine Payload Market Share, 2020 (%)

FIGURE 25 Latin America: Submarine Payload Market, by Region, 2020–2027 (USD Million)