Submarine Market Analysis North America,APAC,Europe,Middle East and Africa,South America - US,China,Japan,South Korea,Russia - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 166 SKU: IRTNTR45405

Submarine Market Forecast 2023-2027

The submarine market size is forecast to increase by USD 8.99 billion at a CAGR of 5.45% between 2022 and 2027. The market's expansion is propelled by several pivotal factors, including the initiation of fleet replacement initiatives, advancements in undersea warfare, and the intensifying arms race among nations. These elements catalyze the demand for defense and military equipment, thereby shaping market dynamics and fostering innovation within the defense industry. Fleet replacement programs emerge as a significant driver for market growth throughout the forecast period.

What will be the Size of the Market during the Forecast Period?

To learn more about this report,  Download Report Sample

The market is witnessing significant developments driven by factors such as new submarine acquisitions and advancements in advanced submarine systems. As defense forces upgrade their capabilities, there's a growing demand for high-strength alloy steel and titanium for building complex submarine parts. However, geopolitical conflicts and missile attacks underscore the need for comprehensive underwater/ groundwater bodies detection and surveillance activities. To counter threats, navies are investing in mine countermeasures operations and reconnaissance roles while embracing 3D printing for cost-effective production of submarine components like missile fins and guidance systems. Additionally, the emergence of crewless submarines and advancements in nuclear technology are reshaping strategic stabilities and acquisition programs, especially with the introduction of Virginia-class nuclear-powered submarines.

Technavio’s Exclusive Market Customer Landscape

Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027. 

Market Dynamics and Customer Landscape

In the ever-evolving landscape of submarine technology, the availability of essential raw materials like high-strength alloy steel and titanium plays a crucial role. However, economic downturns may lead to layoffs and disruptions in order deliveries, impacting the international shipping industry. Geopolitical tensions and maritime disputes heighten the demand for advanced submarine systems to bolster underwater detection capabilities and deter missile attacks. Seafaring nations invest in their submarine fleets to assert control over maritime boundaries and offshore resources, while technological advancements drive innovation in naval military systems. The concept of the Nuclear triad ensures a formidable defense posture, emphasizing the significance of submarines in covert operations and deterring surprise attacks. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.    

Key Market Driver

  • Fleet replacement programs are a major driver for the growth of the market during the forecast period.
  • The average life span of the submarine is around 40 years.
  • The prolonged usage after its planned life likely leads to high maintenance expenses and risks. The parts, including hydraulic systems, planes, rudders, batteries, main engines, gearboxes, and nuclear propulsion systems, must be regularly repaired and replaced. 
  • The replacement of old submarines with new ones offers multiple advantages in terms of high performance and efficiency and is also considered a cost-effective measure for governments in the long run.
  • Hence, such factors drive demand in the market during the forecast period.

Market Trends and Analysis

  • Multi-mission submarines are an emerging market trend expected to boost market growth during the forecast period. 
  • Market companies develop it that can perform multiple functions to make this more operationally flexible.
  • For instance, submarines such as the Virginia-class (SSN-774 class), which are deployed by the US Navy, have a flexible design for future enhancements.
  • Furthermore, they are designed for improved littoral warfare, surveillance, as well as open ocean operations.
  • For instance, an example of a multi-mission submarine project is that by Saab Kockums. Sweden's Project A26 is related to the building of two A26 Blekinge-class submarines for the Swedish Navy. These are incorporated with holistic quieting technology (acoustic, heat, hydrodynamics), advanced sensors, and a multi-mission portal for hosting divers and small underwater vehicles.
  • Hence, such trends fuel market growth during the forecast period.

Major Market Challenge

  • Limitations in submarine-building capabilities are a major challenge impeding the growth of the market during the forecast period. 
  • These are very complex platforms in terms of design, and only a few countries have the capability to design and build their own. Thus, when emerging countries undertake this manufacturing project, they depend heavily on developed countries for the implementation of technology and design.
  • Furthermore, there are constraints with respect to the shipyard workforce. The US plans to expand its fleet are challenged by the lack of a skilled workforce.
  • Additionally, it takes about 5-7 years to train an individual to become a skilled shipbuilder, and hiring requires huge funds and cannot be made in advance.
  • Hence, due to such factors, the rapid expansion of the workforce in a brief period is a big challenge across the vendors, which will hinder the growth of the global market during the forecast period.

Key Players

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Triton Submarines LLC - The company offers submarines such as professional submersibles, commercial submersibles, and leisure submersibles.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

  • Anschutz
  • ASC Pty Ltd.
  • BAE Systems Plc
  • Daewoo Shipbuilding and Marine Engineering Co. Ltd.
  • Fincantieri Spa
  • General Dynamics Corp.
  • Hyundai Heavy Industries Co. Ltd.
  • Kawasaki Heavy Industries Ltd.
  • Lockheed Martin Corp.
  • Mazagon Dock Shipbuilders Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • NauticExpo
  • Naval Group
  • Navantia SA
  • Saab AB
  • Submarine Manufacturing and Products Ltd.
  • The Boeing Co.
  • thyssenkrupp AG
  • Triton Submarines LLC
  • United Shipbuilding Corp.

Technavio's market research and growth report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Segmentation

The market operates within a complex ecosystem, influenced by factors such as refuelings, which impact voyage times and operational readiness. Fluctuations in military budgets affect the procurement of advanced attack submarines and submarine technology. The maritime sector, represented by entities like the International Chamber of Shipping, plays a vital role in regulating activities along the ocean coast and managing groundwater bodies. In the defense sector, both the naval military segment and commercial segment utilize submarines for diverse purposes, from military operations to cargo transports and marine environmental monitoring. Advancements in nuclear energy and additive manufacturing techniques bolster the capabilities of Nuclear Powered Submarines and Diesel Electric Submarines, ensuring a strong deterrent presence in offshore territories. As nations focus on strengthening submarine capabilities, investments in UUVs (Unmanned Underwater Vehicles) and Marine Environmental Monitoring technologies play a crucial role in maintaining security and safeguarding maritime interests.

By Product Segment Analysis

The market share growth by the SSN segment will be significant during the forecast period. A nuclear attack submarine, also known as an SSN, operates on a nuclear propulsion system that works independently of air. This helps to minimize the need for the vessel to reach the surface often.

Get a Customised Report as per your requirements for FREE!

The SSN segment was valued at  USD 10.26 billion in 2017 and continued to grow until 2021. SSNs are used to launch attacks on other submarines and surface combatants as well as for striking terrestrial targets. They are used to perform multiple other functions such as intelligence gathering as well as insertion and extraction of special forces. For instance, the first nuclear-powered attack submarine was the US Navy's USS Nautilus. Currently, six nations operate nuclear submarines, including the US, Russia, India, France, China, and the UK. Some popular SSNs include Barracuda-class (French Navy), Akula-class (Indian Navy), Los Angeles-class, and Virginia-class (US Navy).

Market Segmentation by Region

For more insights on the market share of various regions View PDF Sample now!

APAC is estimated to contribute 39% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. It is the fastest-growing region in the global market, with China, Japan, Korea, and India as the leading revenue-generating countries. The market in the region is driven by factors including maritime border disputes and the need to attain Naval forces supremacy. Additionally, due to the growing pressure along the South China Sea and the British-Indian Ocean Territory, the governments of Japan, Australia, China, and India are focusing on increasing the fleet of silent patrolling submarines.

Market Analyst Overview 

The market plays a vital role in global security, with nations investing heavily in defense to bolster their naval forces capabilities. Ballistic missile submarines are key components, equipped with missiles capable of deterring threats and maintaining strategic superiority. Advanced sonar systems and torpedoes enhance their capabilities, ensuring effective defense against adversaries. Construction of this requires state-of-the-art equipment and technology, driving the market's growth. Effective marketing strategies are employed to showcase features and capabilities, attracting competitors from around the world. As activities in submarine naval warfare rise, there's a surge in demand for submarines equipped with advanced technologies and an extended range. Overall, the market's significance continues to grow in response to evolving security challenges and geopolitical.

The defence sector witnesses profound impacts from various elements, including naval intelligence, mine countermeasures (MCM) operations, and the deployment of friendly submarines. Advancements in technologies like the detection of oil resources influence market dynamics alongside innovations such as nuclear-powered submarines (SSN) and conventional submarines. The significance of cost-effectiveness is paramount as defense entities strive to balance budgets while enhancing capabilities. High speed and the ability to maneuver in diverse topography characterize modern submarines, alongside their role in safeguarding deep-sea cables vital for communication. Notably, companies like Electric Boat play pivotal roles in driving innovation and meeting the evolving demands of the defense sector.

Segment Overview

This market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook 
    • SSN
    • SSBN
    • SSK
  • Application Outlook 
    • Military
    • Commercial
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

 Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.45%

Market growth 2023-2027

USD 8.99 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.95

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 39%

Key countries

US, China, Japan, South Korea, and Russia

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Anschutz, ASC Pty Ltd., BAE Systems Plc, Daewoo Shipbuilding and Marine Engineering Co. Ltd., Fincantieri Spa, General Dynamics Corp., Hyundai Heavy Industries Co. Ltd., Kawasaki Heavy Industries Ltd., Lockheed Martin Corp., Mazagon Dock Shipbuilders Ltd., Mitsubishi Heavy Industries Ltd., NauticExpo, Naval Group, Navantia SA, Saab AB, Submarine Manufacturing and Products Ltd., The Boeing Co., thyssenkrupp AG, Triton Submarines LLC, and United Shipbuilding Corp.

Market dynamics

Parent market analysis, Market Growth and Trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market Growth Analysis across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Market forecasting of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global submarine market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global submarine market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 SSN - Market size and forecast 2022-2027
      • Exhibit 34: Chart on SSN - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on SSN - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on SSN - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on SSN - Year-over-year growth 2022-2027 (%)
    • 6.4 SSBN - Market size and forecast 2022-2027
      • Exhibit 38: Chart on SSBN - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on SSBN - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on SSBN - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on SSBN - Year-over-year growth 2022-2027 (%)
    • 6.5 SSK - Market size and forecast 2022-2027
      • Exhibit 42: Chart on SSK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on SSK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on SSK - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on SSK - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)
      • Exhibit 47: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 48: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 50: Chart on Comparison by Application
      • Exhibit 51: Data Table on Comparison by Application
    • 7.3 Military - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Military - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Military - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Military - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Military - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 60: Market opportunity by Application ($ million)
      • Exhibit 61: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Russia - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 South Korea - Market size and forecast 2022-2027
      • Exhibit 103: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ASC Pty Ltd.
              • Exhibit 115: ASC Pty Ltd. - Overview
              • Exhibit 116: ASC Pty Ltd. - Product / Service
              • Exhibit 117: ASC Pty Ltd. - Key offerings
            • 12.4 BAE Systems Plc
              • Exhibit 118: BAE Systems Plc - Overview
              • Exhibit 119: BAE Systems Plc - Business segments
              • Exhibit 120: BAE Systems Plc - Key offerings
              • Exhibit 121: BAE Systems Plc - Segment focus
            • 12.5 Daewoo Shipbuilding and Marine Engineering Co. Ltd.
              • Exhibit 122: Daewoo Shipbuilding and Marine Engineering Co. Ltd. - Overview
              • Exhibit 123: Daewoo Shipbuilding and Marine Engineering Co. Ltd. - Product / Service
              • Exhibit 124: Daewoo Shipbuilding and Marine Engineering Co. Ltd. - Key offerings
            • 12.6 Fincantieri Spa
              • Exhibit 125: Fincantieri Spa - Overview
              • Exhibit 126: Fincantieri Spa - Business segments
              • Exhibit 127: Fincantieri Spa - Key offerings
              • Exhibit 128: Fincantieri Spa - Segment focus
            • 12.7 General Dynamics Corp.
              • Exhibit 129: General Dynamics Corp. - Overview
              • Exhibit 130: General Dynamics Corp. - Business segments
              • Exhibit 131: General Dynamics Corp. - Key news
              • Exhibit 132: General Dynamics Corp. - Key offerings
              • Exhibit 133: General Dynamics Corp. - Segment focus
            • 12.8 Hyundai Heavy Industries Co. Ltd.
              • Exhibit 134: Hyundai Heavy Industries Co. Ltd. - Overview
              • Exhibit 135: Hyundai Heavy Industries Co. Ltd. - Product / Service
              • Exhibit 136: Hyundai Heavy Industries Co. Ltd. - Key offerings
            • 12.9 Kawasaki Heavy Industries Ltd.
              • Exhibit 137: Kawasaki Heavy Industries Ltd. - Overview
              • Exhibit 138: Kawasaki Heavy Industries Ltd. - Business segments
              • Exhibit 139: Kawasaki Heavy Industries Ltd. - Key news
              • Exhibit 140: Kawasaki Heavy Industries Ltd. - Key offerings
              • Exhibit 141: Kawasaki Heavy Industries Ltd. - Segment focus
            • 12.10 Mitsubishi Heavy Industries Ltd.
              • Exhibit 142: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 143: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 144: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 145: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 146: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.11 Naval Group
              • Exhibit 147: Naval Group - Overview
              • Exhibit 148: Naval Group - Product / Service
              • Exhibit 149: Naval Group - Key offerings
            • 12.12 Navantia SA
              • Exhibit 150: Navantia SA - Overview
              • Exhibit 151: Navantia SA - Product / Service
              • Exhibit 152: Navantia SA - Key offerings
            • 12.13 Saab AB
              • Exhibit 153: Saab AB - Overview
              • Exhibit 154: Saab AB - Business segments
              • Exhibit 155: Saab AB - Key news
              • Exhibit 156: Saab AB - Key offerings
              • Exhibit 157: Saab AB - Segment focus
            • 12.14 Submarine Manufacturing and Products Ltd.
              • Exhibit 158: Submarine Manufacturing and Products Ltd. - Overview
              • Exhibit 159: Submarine Manufacturing and Products Ltd. - Product / Service
              • Exhibit 160: Submarine Manufacturing and Products Ltd. - Key offerings
            • 12.15 thyssenkrupp AG
              • Exhibit 161: thyssenkrupp AG - Overview
              • Exhibit 162: thyssenkrupp AG - Business segments
              • Exhibit 163: thyssenkrupp AG - Key offerings
              • Exhibit 164: thyssenkrupp AG - Segment focus
            • 12.16 Triton Submarines LLC
              • Exhibit 165: Triton Submarines LLC - Overview
              • Exhibit 166: Triton Submarines LLC - Product / Service
              • Exhibit 167: Triton Submarines LLC - Key offerings
            • 12.17 United Shipbuilding Corp.
              • Exhibit 168: United Shipbuilding Corp. - Overview
              • Exhibit 169: United Shipbuilding Corp. - Product / Service
              • Exhibit 170: United Shipbuilding Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              submarine market market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis