Global Submarine Battery Market 2016-2020

Outlook of the global submarine battery market

According to the market research analyst at Technavio, the global submarine battery market will grow steadily and post a CAGR of approximately 5% by 2020. Recent advancements in lead-acid battery technology will be a key factor spurring this market’s growth prospects during the forecast period. The increasing demand for lead-acid batteries in defense applications will compel manufacturers to invest in research and development to achieve higher operational efficiency. One such development is the use of carbon materials as an active electrode, which increases the service life and enhances the charge and discharge performances of lead batteries. Furthermore, since these batteries are cost-effective and have the ability to operate at subfreezing temperatures, their demand among the end users will increase substantially.

One of the recent trends in the market is the growing demand for UUVs (unmanned underwater vehicles). The application of UUVs is rising for naval intelligence, mine countermeasure (MCM) operations, intelligence and surveillance roles, and anti-submarine warfare missions. Furthermore, UUVs are specially designed for underwater surveillance, hull inspections, dock inspections, and underwater mines deactivation. In recent times, there has been an increase in the utilization of unmanned systems for carrying out a wide range of electronic attacks (EA), communication transfer, combat, search, and rescue (CSAR) missions, and C4ISR operations. This recent increase in the usage of unmanned systems will subsequently lead to the high demand for batteries.

Competitive landscape and key vendors

In this market, the global and well-diversified manufacturers will have a competitive advantage over smaller and new vendors as they have the capability to offer better products at competitive prices. During the forecast period, factors like product quality, reliability, durability, energy density, and price will play a crucial role in determining a vendor’s position in the market.

Key vendors in the market are -

• EnerSys
• EverExceed
• Exide Technologies
• HBL
• Sunlight Systems

Other prominent vendors are Saft, GS Yuasa, and Exide Industries Limited.

Segmentation based on type of submarines and analysis of submarine battery market

• SSK
• SSN
• SSBN

Market analysts predict that the SSK segment will dominate the market and post a CAGR of approximately 5% by 2020. The ability of these submarines to absorb sound waves of active sonar and distort the return signal, which helps in reducing the passive sonar’s detection range, will lead to its increased demand during the next four years.

Segmentation based on geography and analysis of submarine battery market

• Americas
• APAC
• EMEA

During 2015, the Americas dominated the market by accounting for approximately 41% of the total market share. Some of the factors contributing to the growth of this region will be the replacement of the aging fleet of Ohio SSBNs, increased spending on Virginia-class submarine program, and increasing the defense budget under the NDAA (National Defence Authorization Act).

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 battery market?
• What are the key market trends impacting the growth of the global submarine battery market?
• What are the challenges to market growth?
• Who are the key vendors in the global submarine battery market?
• What are the market opportunities and threats faced by the vendors in the global submarine battery 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 battery market?

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

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