Undersea Warfare Systems Market By System Type (Detection Systems, Weapons, Communication Systems, Counter Measure Systems) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

The defense sector has always been a front-runner in the adoption of advanced defense technologies. Embracing the latest technologies not only helps various countries reduce fatalities but also gives them a competitive edge over other countries. The undersea warfare space has witnessed drastic technological developments in the recent past. Technologies that were previously only prototypes are now operational defense systems. With the evolution of combat technologies, countermeasure systems have also evolved in the defense sector. Among these, sonar has been one of the most notable, attracting the attention of numerous manufacturers and R&D organizations.

One of the primary factors driving the growth of the undersea warfare systems market is the growing number of disputes between countries over maritime borders. The magnitude of these conflicts can be understood from the fact that out of over 500 potential maritime boundaries, less than half have been agreed upon. This has created an environment of uncertainty and furthered the possibility of disputes.

Some of the recent instances of maritime border disputes include:

  • Kenya and Somalia
  • Australia and Timor-Leste
  • South China Sea dispute

These growing tensions have resulted in various countries investing heavily in acquiring the latest undersea warfare systems, thus spurring market growth. Moreover, defense modernization programs are another important factor driving the undersea warfare systems market's growth. Countries such as the U.S., Germany, the U.K., and China have been consistent in their over-modernization of their navies. This is expected to continue having a positive impact on the market for undersea warfare systems in the following years.

The report titled "Undersea Warfare Systems Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" presents an in-depth analysis of the dynamics existing in the undersea warfare systems market. The market size in terms of value (US$ Bn) has been provided for the period beginning in 2015 and ending in 2025. The research study extensively covers the market segments based on system type and further analyses different geographies and sub-geographical regions. In addition, the study covers a section on market dynamics, including major market drivers, restraints, and opportunities impacting the market. A section pertaining to current trends has also been included in the report.

The competitive analysis section covers profiles of the leading undersea warfare system vendors, the business strategies adopted by them, key developments, and their market positioning. Some of the leading players profiled in the report are Northrop Grumman Corporation, Lockheed Martin Corporation, Boeing Company, QinetiQ Limited, General Dynamics Corporation, BAE Systems Plc., Saab Group, Textron, Inc., Safran SA, Thales Group, Elbit Systems Ltd., among others.

The in-depth analysis covered in the report focuses on the following:

  • Latest and future market trends impacting the global undersea warfare systems market
  • Extensive coverage of the different segments and their comparative analysis
  • Market drivers, restraints, and opportunities
  • Market positioning of the leading undersea warfare system players and their business strategies
  • Historic 2-year market size data (2015-22016)

Overall, the research study holistically covers the global market for undersea warfare systems and offers market size and forecast estimations for the period from 2017 to 2025 with respect to the above-mentioned factors.

On the basis of system type, the global undersea warfare systems market is segmented into the following categories:

  • Detection Systems
  • Weapons
  • Communication systems
  • Countermeasure Systems

In 2016, the detection systems segment led the overall undersea warfare systems market worldwide. In 2016, the segment contributed to more than 45% of the total market value. Detection systems such as sonars, which are widely used to detect objects on or under the water surface, have gained substantial attention from manufacturers. Its use in undersea warfare is expected to rise drastically in the coming years owing to the vital role it plays in alerting naval forces about enemy submarines or weapons. Manufacturers are investing a substantial amount of money in R&D activities for advanced detection systems. Some of the R&D efforts are directed toward increasing the range and reliability of sonars. For instance, recently, Thales Australia was awarded a contract from the Australian Government to develop sonar systems with improved signal processing systems for the Collins submarines.

In terms of value, the weapons segment comes second to detection systems. Torpedoes are one of the most used underwater weapons. Technological advancements in recent years have resulted in increased destruction capability and speed. Furthermore, modern-generation torpedoes are lighter and can cover a greater distance. Government organizations and defense agencies have been investing heavily in the manufacturing and development of advanced and efficient underwater weaponry.

Based on geography, the global undersea warfare systems market is segmented into the following regions and countries:

  • North America
    • U.S.
    • rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East and Africa (MEA)
    • Latin America

North America dominated the global undersea warfare systems market in 2016 and accounted for more than 40% of the overall market value generated worldwide. The dominance of the region is mostly due to the highly advanced defense sector coupled with heavy expenditure in the U.S. The country has enjoyed the status of the world's only hyperpower for nearly a generation and has always embraced the most advanced and latest technologies. This factor is enhanced by the fact that the U.S. has the largest defense budget in the world. Some of the largest undersea warfare system companies, such as Northrop Grumman Corporation, Lockheed Martin Corporation, and Textron, Inc., are headquartered in the region, thereby supporting market growth here.

Asia Pacific is another important market for undersea warfare systems and is expected to witness high growth during the forecast period. China accounts for the largest market size in the region owing to its huge defense budget. The country's defense budget increased by 7% in 2017 over 2016. A significant portion of this budget is allocated toward the advancement of naval technologies. Moreover, in recent years, China has had maritime disputes with several countries over claims over the East and South China Seas. This has led to more attention being paid to developing naval systems. Other prominent markets for undersea warfare systems include India, Japan, and South Korea, among others.

Frequently Asked Questions: 

The market for Undersea Warfare Systems is expected to reach US$ 18.2 Bn in 2025.

The Undersea Warfare Systems market is expected to see significant CAGR growth over the coming years,at XX%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Northrup Grumman Corporation,Lockheed Martin Corporation,Boeing Co.,QinetiQ Limited,General Dynamics Corporation are some of the major players in the global market.

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Published Date:  Dec 2017
Category:  Aerospace & defense
Report ID:   58877
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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