24 March 2021
Visiongain has published a new report on Submarine Combat Systems Market Report to 2031: Forecasts by Submarine Type (SSK, SSN, SSBN, and SSGN) and by Weapon System (Electronic Warfare, Torpedoes, Ballistic Missiles, Cruise Missiles, and Mines). PLUS, Profiles of Leading Submarine Combat Systems Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Submarine Combat Systems market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Submarine Combat Systems Market
COVID-19 emerged as a havoc which led to huge losses in terms of lives and businesses across the globe. It resulted in a complete and partial hault in the production of non-essential and defense equipment. The disruption in the supply of raw and finished goods have proved detrimental on the manufacturing of mission critical components and equipment such as submarine combat systems.
Increasing Importance of Submarines in Naval Warfare
In current global scenarios, the maritime systems have become more and more popular and relevant for warfare, and nations globally are enhancing their naval competences. The advent of new technologies, for instance, the advanced in-air radars, which are capable to automatically detect enemy ships over a long distance, is expected to driving the global submarine combat systems market over the forecast timeframe.
Ongoing Submarine Upgradation Programs to Drive the Market for Combat Systems
Globally, one can easily witness the rising demand for submarine upgradation programmes. Submarines form a crucial part of a nation’s defense, and thus, their upgradation holds great importance. Several countries are implementing the programs to upgrade the submarine fleets across the globe.
Increasing Requirement of Advanced Integrated Combat Systems by Naval Forces of Different Countries Across the Globe
Presently, North America is one of the largest markets in the maritime combat systems category. North America is a major manufacturing hub, and one of the largest markets for naval subsystems. The U.S. is a big market in the region which is seeking for upgrades in its present fleet. On the other hand, the Asia-Pacific region is projected to witness substantial growth in the demand for submarine systems during the forecast timeline, owing to rising conflicts and tensions in the region’s countries.
Increasing Application of Electronic Support Measures Systems (ESMs) in Submarines
Electronic Support Measures System (ESM) is a cutting-edge pre-emptive & intelligence collection system. It provides outstanding sensitivity to identify, analyse, and counter a whole range of sophisticated emitters in enormously dense electromagnetic settings. ESM equipment is generally used by combat submarines to help in safeguarding, intelligence-gathering for battle group support, and situation awareness.
The companies active in the submarine combat systems market are concentrating on strategic partnerships with key industry participants and government organizations to enlarge their market presence. Some of the companies profiled in the report include Lockheed Martin Corporation, Saab AB, General Dynamics Corporation, Kongsberg Gruppen ASA, Atlas Elektronik GmbH, BAE Systems PLC, Raytheon Company, Leonardo-Finmeccanica SAP, DCNS SA, and Havelsan Inc.
• In September 2016, Lockheed Martin Corporation won a bid to design and build the combat system for Australia’s planned new submarine fleet
• In July 2019, General Dynamics Corp. Mission Systems signed an agreement with the U.S. Navy to upgrade software on the U.S. Navy AN/BYG-1 submarine combat system.
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