Submarine AIP System Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

Published on : Jan-2019 | List of Tables : 76 | List of Figures : 62 | No. of Pages : 170 | Report Code : FACT396MR | Format : ppt pdf Excel Word

Growing Focus on Investments in Defense Sector to Boost the Adoption of Submarine AIP System

Among all the research and development activities relevant to submarines, the search for satisfactory and effective forms of underwater propulsion has been continuously carried out without any reduction in intensity. The earliest submarines were man-powered with hand-cranked propellers, which remained highly susceptible to dangerous and fatal accidents. Such instances laid the foundational pillars for submarine AIP (air-independent propulsion) systems and drove their adoption at a significant rate across the globe. With time, submarine AIP systems gained the status of being a core element behind the flexibility of submarines. Against a backdrop of the ever-evolving security demands, the submarine AIP market will spectate bespoke innovations aimed at different features such as maximizing strategic values, improving the performance, and enhancing operational efficiency.

Fact.MR published a report on the submarine AIP system market for the forecast period of 2019 to 2027. The primary objective of this report is to offer insights on demand generators, technological advancement, and global market scenario in submarine AIP system. Also, the study on the submarine AIP system market provides key dynamics that are anticipated to diversify sales and future prominence of submarine AIP system during the forecast period. The demand for submarine AIP system has increased significantly in the past few years, and is likely to maintain same over the forecast period.

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With AIP system becoming an important part of new-age submarine designs, end users are on the lookout for AIP-equipped submarines, and are willing to invest in same. AIP equipped submarines are always silent, with the only noise generated by propeller, shaft bearings, and the hull, which gives them a differential advantage over other conventional propulsion technologies. Across the globe during the forecast period, growing demand for high submerged periods and cost-efficiency are driving the adoption of AIP-equipped submarines, marking new opportunities for the operating market players in submarine AIP system. On other hand, the increased funding in defense sector by governments across the globe is expected to play an important role in growth of the submarine AIP system market. Majority of countries in the defense and submarine industry are automating a variety of processes, which will positively impact the growth of the submarine AIP system market, during the forecast period. The defense revenue is anticipated to show continuous growth during the forecast period owing to the tension between different countries such as India and Pakistan, China and Iran, and improved but continuing tense relationship with North Korea. In addition, the high cost of nuclear submarines as compared to AIP equipped submarines may increase the traction of the purchase of submarine AIP system for strengthening their naval capability and thus, indirectly driving the submarine AIP system market. The rising need to provide naval forces with increased capabilities related to maritime security is expected to increase the demand for submarine AIP system. Furthermore, the modernization and up gradation of naval fleets across the globe is also expected to drive the submarine AIP system market during the forecast period. On the other hand, the submarine AIP system market growth has a threat associated with the switch towards nuclear power submarines, due to their long battery life and this threat is expected to increase during the forecast period.

submarine aip market

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Focus on Second-Generation AIP Systems a Booming Trend

Among all the key trends influencing the growth of the submarine AIP system market, increasing focus on second generation submarine AIP systems remains a prominent one. With AIP systems promising the best of underwater endurance for submarines, the second-generation AIP systems are further likely to take endurance levels a notch higher, adding to the overall efficiency and functionality of the submarines. All the diesel-electric submarines have faced the brunt of unexpected attacks as they come to the surface or snorkel to recharge batteries. However, the debut of second-generation AIP systems is likely to rewrite the rules of submarines’ versatility underwater, further lighting the way for new developments to make their way in the submarine AIP system landscape.

Investment in Research and Development Activities Key Strategy of Market Players

Globally, the market players operating in the submarine AIP system market have high focus on research and development activities to develop new solutions and obtain competitive advantages. Players focus on development of high tech solutions for addressing challenges faced by navies and improving their operational capacities. The operating players’ innovation is mainly focused on providing submarines with technologies that increases their operating performance. For example, in the year 2019, one of the key players operating in submarine AIP system market, Saab AB announced that it will open a new innovation Centre in the UK to conduct research and development projects. In addition, to strengthen the company’s position in the market the operating players are applying different strategies such as signing the contracts/agreements, collaborations, acquisitions, mergers, etc. For example, in 2018, Kongsberg Gruppen ASA and Wilhelmsen signed a contract for autonomous shipping. Furthermore, in 2019, Kongsberg Gruppen ASA, acquired Rolls-Royce’s commercial marine business. On other hand, the presence of key organized players operating at the same level of product quality and same price range have created ample opportunities for new entrants in the submarine AIP system market. Owing to increased opportunities, the number of new entrants in the submarine AIP system market is expected to increase during the forecast period as many countries are currently concerned about the safety of their naval borders. 

submarine aip market 2

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Asia Pacific and Europe Dominating the Submarine AIP System Market

Fact.MR forecasts the global submarine AIP system market to grow from ~ US$ 195 Mn in 2019 to ~ US$ 229 Mn in 2027. This represents a compound annual growth rate (CAGR) of around 2% from 2019 to 2027. Among all regions, Asia Pacific and Europe together hold around 75 to 80% of total submarine AIP system market share across the globe. Asia Pacific is the key region for the submarine AIP system market and is expected to dominate the global submarine AIP system market during the forecast period. The market for Asia Pacific submarine AIP system is estimated to grow at a significant CAGR of around 2.5% and will represent a total incremental opportunity of ~ US$ 19.3 Mn in terms of value during the forecast period. Increasing investments in the defense sector is one of the key factors for the growth of the submarine AIP system market. Huge investments in the regional defense space are creating new grounds for adoption of AIP equipped submarines, thereby creating new revenue opportunities for players operating in the submarine AIP system market. Followed by the Asia Pacific region, Europe holds around 30% of total submarine AIP system market share across the globe with value CAGR of around 2% and will represent total incremental opportunity of around US$ 10 Mn in terms of value during the forecast period. There are number of factors behind the adoption of submarine AIP system in European countries’ naval forces. Few of the major factors include, high defense expenditure and growing end user focus on purchasing AIP equipped submarines. On other hand, regions such as Americas and Middle East and Africa are expected to have around 12% and 8% of total submarine AIP system market share across the globe respectively during the forecast period.

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Submarine AIP System Market - Scope of the Report

The submarine AIP system market study done by Fact.MR gives out important information about how the market will gain momentum during the forecast period of 2019 to 2027. The primary objective of the report is to provide key insights on the technological advancements in the global submarine AIP system market. Over the forecast period, this newly published report by Fact.MR offers different market dynamics that are anticipated to affect the current and future status of the submarine AIP system market. The report provides an updates on various drivers, restraints, trends, opportunities, and value forecasts for market players operating in the submarine AIP system market.

The report on submarine AIP system starts with an overview of the market followed by definition of the market. A section of the report provides different factors that are shaping internal and external competition in the submarine AIP system market. During the forecast period, global market for submarine AIP system is expected to show considerable revenue growth. Increasing focus on enhancement of underwater endurance of non-nuclear submarines and increased funding by governments in development of submarines, is expected to boost the demand for submarine AIP system during the forecast period.

The report offers detailed market share analysis of the global submarine AIP system market. Furthermore, one section of the report highlights region-wise submarine AIP system market. It provides a market outlook for 2019 to 2027 and sets the forecast within the context of the report. In addition, the report sheds light on various activities and developments executed by the market players operating in the global submarine AIP system market.

Key Segments of the Submarine AIP System Market

Fact. MR’s study on the submarine AIP system market offers information divided into three important segments—product, fit, and region. This report offers different data and information about the important growth parameters and market dynamics related to these categories.

Product

Fit

Region

Closed Cycle Steam Turbines

Line

Americas

Stirling Cycle Engines

Retro

Europe

Fuel Cells

 

APAC

 

 

MEA

Important Questions Answered in Fact. MR’s Market Report

  • Which factors will induce a change in the demand for submarine AIP system market during the assessment period?
  • How will changing trends impact the submarine AIP system market?
  • How can market players capture the low-hanging opportunities across the globe in the market of submarine AIP system?
  • Which companies are leading the submarine AIP system market?
  • How the overall competition in the submarine AIP system market is progressively increasing?
  • Which regions will continue to remain the most profitable regional markets for submarine AIP system market players?

Submarine AIP System Market - Research Methodology

From a global perspective, the report published by Fact.MR, mainly focuses on information related to the value and volume of the submarine AIP system market. The report provides in depth assessment on the submarine AIP system market that includes extensive primary and secondary research approaches. The research on the submarine AIP system market was started with secondary research, using both top-down and bottom-up approaches and this has helped in arriving at key numbers for the submarine AIP system market. In addition, the yearly revenue generated from different market players operating in the global submarine AIP system market was obtained from both primary as well as secondary sources. Fluctuations in annual prices over the forecast period is based on the expected percentage change and market trends in the upcoming years. Any increase or decrease in price in the upcoming years is kept linear for all the regions. The approach was further confirmed by the primary respondents across the entire value chain of submarine AIP system market, such as different market players and independent service providers operating in the submarine AIP market.

1. Global Economic Outlook 

2. Global Submarine AIP System Market - Executive Summary 

    2.1. Summary of Key Statistics 

    2.2. Key Market Characteristics and Attributes 

    2.3. Opportunity Assessment 

    2.4. Fact.MR Analysis and Recommendations 

3. Global Submarine AIP System Market Overview 

    3.1. Introduction 

        3.1.1. Global Submarine AIP System Market Taxonomy 

        3.1.2. Global Submarine AIP System Market Definition 

    3.2. Global Submarine AIP System Market Size (US$ Mn) and Forecast, 2013-2027 

        3.2.1. Global Submarine AIP System Market Y-o-Y Growth

    3.3. Global Submarine AIP System Market Dynamics 

    3.4. Macro-economic Factors 

        3.4.1. World GDP (Nominal), by Selected Economies, 2017

        3.4.2. GDP Growth Rate by Country 

    3.5. Technology Roadmap 

    3.6. Porter's Five Forces Analysis 

    3.7. Political, Economical and Technological Analysis 

    3.8. Forecast Scenario 

    3.9. Forecast Factors and Relevance of Impact 

    3.10. Top 20 Countries for Defense Expenditure in 2018 (% Of GDP) 

    3.11. Global Aerospace & Defense Industry Merges and Acquisition Activity, (2008-2017) 

    3.12. Global AIP Submarine System Fleet, 2018 

        3.12.1. Global AIP Submarine System Fleet Analysis and Forecast

    3.13. List of Ongoing Projects in Submarine Industry (US$) 

    3.14. Product Life Cycle (PLC) Graph 

    3.15. Key Regional Trends 

    3.16. Regions with Conflicts 

    3.17. Recent Industry Developments 

    3.18. Key Participants Market Presence (Intensity Map) By Region 

4. Global Submarine AIP System Market Analysis and Forecast 2013-2027

    4.1. Global Submarine AIP System Market Size and Forecast By Product Type, 2013-2027 

        4.1.1. Closed Cycle Steam Turbines (MESMA) Market Size and Forecast, 2013-2027 

            4.1.1.1. Revenue (US$ Mn) Comparison, By Region 

            4.1.1.2. Market Share Comparison, By Region 

            4.1.1.3. Y-o-Y growth Comparison, By Region 

        4.1.2. Stirling Cycle Engines Market Size and Forecast, 2013-2027 

            4.1.2.1. Revenue (US$ Mn) Comparison, By Region 

            4.1.2.2. Market Share Comparison, By Region 

            4.1.2.3. Y-o-Y growth Comparison, By Region 

        4.1.3. Fuel Cells Market Size and Forecast, 2013-2027 

            4.1.3.1. Revenue (US$ Mn) Comparison, By Region 

            4.1.3.2. Market Share Comparison, By Region 

            4.1.3.3. Y-o-Y growth Comparison, By Region 

    4.2. Global Submarine AIP System Market Size and Forecast By Fit Type, 2013-2027 

        4.2.1. Line Market Size and Forecast, 2013-2027 

            4.2.1.1. Revenue (US$ Mn) Comparison, By Region 

            4.2.1.2. Market Share Comparison, By Region 

            4.2.1.3. Y-o-Y growth Comparison, By Region 

        4.2.2. Retro Market Size and Forecast, 2013-2027 

            4.2.2.1. Revenue (US$ Mn) Comparison, By Region 

            4.2.2.2. Market Share Comparison, By Region 

            4.2.2.3. Y-o-Y growth Comparison, By Region 

5. Americas Submarine AIP System Market Size and Forecast, 2013-2027 

    5.1. Americas Submarine AIP System Market Size and Forecast, 2013-2027 

    5.2. Americas Submarine Industry Outlook, By Country 

    5.3. Revenue (US$ Mn) Comparison, By Product Type 

    5.4. Revenue (US$ Mn) Comparison, By Fit Type 

6. Europe Submarine AIP System Market Size and Forecast, 2013-2027 

    6.1. Europe Submarine AIP System Market Size and Forecast, 2013-2027 

    6.2. Europe Submarine Industry Outlook, By Country 

    6.3. Revenue (US$ Mn) Comparison, By Product Type 

    6.4. Revenue (US$ Mn) Comparison, By Fit Type 

7. APAC Submarine AIP System Market Size and Forecast, 2013-2027 

    7.1. APAC Submarine AIP System Market Size and Forecast, 2013-2027 

    7.2. APAC Submarine Industry Outlook, By Country 

    7.3. Revenue (US$ Mn) Comparison, By Product Type 

    7.4. Revenue (US$ Mn) Comparison, By Fit Type 

8. MEA Submarine AIP System Market Size and Forecast, 2013-2027 

    8.1. MEA Submarine AIP System Market Size and Forecast, 2013-2027 

    8.2. MEA Submarine Industry Outlook, By Country 

    8.3. Revenue (US$ Mn) Comparison, By Product Type 

    8.4. Revenue (US$ Mn) Comparison, By Fit Type 

9. Competitive Assessment

    9.1. Global Submarine AIP System Market Structure

    9.2. Global Submarine AIP System Market – Dashboard View

    9.3. Global Submarine AIP System Market – Company Share Analysis

    9.4. Competitor Market Footprint Matrix 

10. Company Profiles

    10.1. SaaB AB 

        10.1.1. Company Overview 

        10.1.2. Product Overview 

        10.1.3. Key Financials 

        10.1.4. Key Developments 

        10.1.5. SWOT Analysis Siemens AG 

    10.2. Kongsberg Gruppen ASA 

        10.2.1. Company Overview 

        10.2.2. Product Overview 

        10.2.3. Key Financials 

        10.2.4. Key Developments 

        10.2.5. SWOT Analysis Siemens AG 

    10.3. China Shipbuilding Industry Co. 

        10.3.1. Company Overview 

        10.3.2. Product Overview 

        10.3.3. Key Financials 

        10.3.4. Key Developments 

        10.3.5. SWOT Analysis Siemens AG 

    10.4. DCNS SA 

        10.4.1. Company Overview 

        10.4.2. Product Overview 

        10.4.3. Key Financials 

        10.4.4. Key Developments 

        10.4.5. SWOT Analysis Siemens AG 

    10.5. ThyssenKrupp Marine Systems GmbH (ThyssenKrupp) 

        10.5.1. Company Overview 

        10.5.2. Product Overview 

        10.5.3. Key Financials 

        10.5.4. Key Developments 

        10.5.5. SWOT Analysis Siemens AG 

    10.6. General Dynamics Corporation

        10.6.1. Company Overview 

        10.6.2. Product Overview 

        10.6.3. Key Financials 

        10.6.4. Key Developments 

        10.6.5. SWOT Analysis Siemens AG 

11. Fact.MR Research Methodology 

12. Disclaimer

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Submarine AIP System Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027