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Submarine Combat System Market Trends

Report ID: GMI3054
Published Date: Oct 2024
Report Format: PDF

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Submarine Combat System Market Trends

Rapid technological advancements and the evolving landscape of naval warfare are driving significant changes in the submarine combat system industry. A prominent trend is the growing incorporation of artificial intelligence (AI) and autonomous systems. AI enhances threat detection, refines decision-making, and streamlines mission planning. Simultaneously, autonomous underwater vehicles (AUVs) conduct reconnaissance and surveillance, safeguarding human lives.

For instance, In October 2023, at the Indian Navy's Naval Innovation Seminar, India unveiled its Autonomous Weaponized Boat Swarms and Autonomous Underwater Vessel (AUV) technology. The announcement came with a confirmed partnership with Sagar Defense Engineering and an approved procurement of 30 AUVs, marking a significant leap in India's submarine combat and naval prowess. These AI-enhanced systems are transforming undersea warfare, bolstering sonar, fire control, and communication capabilities. Additionally, as nations strive to make submarines less detectable, the demand for stealth technologies aimed at reducing acoustic signatures continues to surge.

Another pivotal trend centers on multi-domain operations and interoperability. Today's combat systems are crafted for seamless integration with diverse military assets, including surface ships, aircraft, and satellites. For instance, In August 2024, the U.S. Navy's newest attack submarine, the future USS IDAHO (SSN 799), was launched from General Dynamics Electric Boat’s shipyard into the Thames River. This "float off" signified a pivotal construction milestone, with the submarine entering the water for its final outfitting, testing, and crew certification, moving closer to operational deployment. This synergy facilitates coordinated operations spanning air, sea, and space. Such interconnectedness elevates the submarine's role in naval strategies, encompassing everything from strategic deterrence to tactical maneuvers.

Moreover, geopolitical tensions, especially in the Asia-Pacific and Europe, are propelling upgrades to existing submarine fleets. Nations are keen to bolster their anti-submarine warfare (ASW) capabilities and modernize naval forces, driving robust market growth in response to emerging threats.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for submarine combat system was valued at USD 11.4 billion in 2023 and is estimated to grow at a CAGR of 7.2% from 2024 to 2032, driven by rising geopolitical tensions and increased defense spending.

The nuclear segment, the fastest-growing with a CAGR of over 8.7% in 2023, is driven by the strategic importance of nuclear-powered submarines for deterrence and extended underwater missions.

North America market held over 35% share in 2023 and is expected to maintain its dominance throughout the forecast period, led by significant defense budgets and ongoing naval modernization in the U.S.

Major players in the industry include Atlas Elektronik GmbH, BAE Systems PLC, Mazagon Dock Shipbuilders Limited, Naval Group, Raytheon Company, Saab AB, Safran, Thales Group, and Thyssenkrupp Marine Systems.