Global Submarine Payload and Launch Systems Market 2016-2020

Overview of the global submarine payload and launch systems market

Technavio’s market research analyst predicts the global submarine payload and launch systems market to grow at a CAGR of more than 4% by 2020. Factors such as 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 US, Russia, China, India, Iran, Japan, South Korea, Turkey, and the UK are driving the growth of submarine payload and the launch systems. There has been an increase in the installation of such systems on the submarines across the globe because of the increasing need for intelligence, surveillance, and reconnaissance (ISR) and communication by the defense authorities globally. Several countries are modernizing their naval defense units by manufacturing submarines, surface-mine countermeasure unmanned underwater vehicles (UUVs), and other combat and tactical UUVs. The increase in the number of these assets will simultaneously boost the global development of submarine payloads and launch systems.

Several countries across the world are focusing to develop advanced submarine warfare. Stealth submarines and UUVs have emerged as the most viable means of gathering intelligence, which has made them a crucial component of current and future military operational plans.  The submarines and other undersea vehicles have improved their stealth and lightweight properties due to extensive R&D, extensive use of technology, and high-fidelity training. Such transformations have changed the degree of naval warfare. With greater investments and R&D, the introduction of stealth submarine poses a threat to efficient detection, tracking, and distance-measuring systems.

Competitive landscape and key vendors

The market is highly competitive where vendors compete on the basis of cost, product quality, reliability, and aftermarket service. Intense competition prevails in the market where the players provide cost-effective and high-quality payloads and launch systems, equipped with the latest technologies, for the submarines. Few established vendors have a competitive edge over other players in terms of in-house manufacturing capabilities, product offerings, global footprint network, R&D investments, newer technologies, and strong client base.

Leading vendors in the market are -

• BAE
• General Dynamics
• DSME
• Lockheed Martin
• Northrop Grumman

Other prominent vendors in the submarine payload and launch systems market include Fincantieri, Huntington Ingalls Industries, Kawasaki Heavy Industries, Raytheon, and Thales.

Segmentation by marine type and analysis of the submarine payload and launch systems market

• SSN
• SSBN
• SSK

The nuclear-powered attack submarine (SSN) segment will continue its dominance in the submarine payload and launch systems market during the forecast period and is likely to account for more than 40% of the overall market share. SSNs have a high demand due to the advantages they offer such as longer endurance, higher speeds, and better efficiency over the traditionally powered SSKs. These submarines do not have to surface periodically for air, which preserves their stealth feature.  SSNs have wide applications in the US Navy and throughout North Atlantic Treaty Organization (NATO) countries, under the Standardization Agreement (STANAG) that defines the terms and conditions for the use of common military equipment between the allied member countries.

Geographical segmentation and analysis of the submarine payload and launch systems market

• Americas
• APAC
• EMEA

APAC will be the fastest-growing region in the submarine payload and launch systems market and is anticipated to register a CAGR of around 8% by 2020. The increase in territorial disputes and rising number of maritime conflicts in the Indian Ocean and the South China Sea has necessitated the use of submarine payload and launch systems in the region. Some of the key markets in this region are Australia, China, India, Japan, Korea, Malaysia, Pakistan, Singapore, Taiwan, and Vietnam. Rise in defense budgets and spending of the countries will significantly contribute to the growth of the market in this region in the coming years

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global submarine payload and launch systems market?
• What are the key market trends impacting the growth of the global submarine payload and launch systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global submarine payload and launch systems market?
• What are the market opportunities and threats faced by the vendors in the global submarine payload and launch systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global submarine payload and launch systems market?

Technavio also offers customization on reports based on specific client requirement.

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