Dublin, March 04, 2022 (GLOBE NEWSWIRE) -- The "Submarines Global Market Report 2022, By Type, Platform, Application" report has been added to ResearchAndMarkets.com's offering.
This provides strategists, marketers and senior management with the critical information they need to assess the global submarines market as it emerges from the Covid 19 shut down.
The global submarines (including nuclear submarines) market is expected to decline from $18.96 billion in 2021 to $17.41 billion in 2022 at a compound annual growth rate (CAGR) of -8.2%. The decline in growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $21.86 billion in 2026 at a CAGR of 5.8%.
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Description:
Where is the largest and fastest growing market for the submarines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Submarines market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider submarines market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The submarines market section of the report gives context. It compares the submarines market with other segments of the submarines market by size and growth, historic and forecast.
Major players in the submarines market are General Dynamics, Huntington Ingalls Industries, Mazagon Dock Shipbuilders Limited, ThyssenKrupp Marine Systems (TKMS), Kawasaki Heavy Industries Ltd., Daewoo Shipbuilding & Marine Engineering Co. Ltd., FINCANTIERI S.p.A, Lockheed Martin Corporation, BAE Systems, Saab AB, China Shipbuilding Industry Corporation (CSIC), Navantia SA and United Shipbuilding Corporation.
The submarines market consists of sales of submarines by entities (organizations, sole traders, and partnerships) that manufacture submarines. Nuclear submarines are also included in the market.
The main types of submarines are nuclear-powered submarines, diesel-electric submarines, and ballistic missile submarines. A ballistic missile submarine is used to deploy submarine-launched ballistic missiles (SLBMs) with nuclear warheads. The various platform includes commercials that are used for surveillance, combat, marine environmental monitoring, others.
North America is the largest region in the submarines market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rising investment in submarines is expected to propel the growth of the submarines market in the coming years. A submarine is a type of vessel that can move both above and below sea level. Governments across the world are investing in submarines to improve local shipyard capacities and fill holes in the Navy's underwater war force.
According to the services new annual report to Congress, the U.S. Navy increased investment on its next-generation nuclear missile submarine project by $2 billion in the fiscal year 2021 and continues to drive towards $5 billion in 2024. Therefore, the rising investment in submarines drives the growth of the submarines market.
The high cost of submarines is expected to hamper the growth of the submarines market over the forecast period. A submarine is a type of vessel that can move both above and below sea level. The cost of the submarines depends on the size, design, and capabilities of the vessel.
The integration of 3D printing or additive manufacturing in submarines is a key trend gaining popularity in the submarines market. Major companies operating in the submarines sector are using 3D printing to build optimized submersible components and to improve performance by reducing essential properties such as weight. For instance, in February 2020, ThyssenKrupp Marine Systems, a Germany-based company that provides naval vessels, surface ships, and submarines have announced plans to expand the use of 3D printing for the production of submarine components. Thyssenkrupp Marine Systems has announced that the hydraulic block has been revamped by additive manufacturing for a submarine that has traditionally weighed 14 kg and now weighs only 2.1 kg.
The countries covered in the submarines market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
Key Topics Covered:
1. Executive Summary
2. Submarines Market Characteristics
3. Submarines Market Trends And Strategies
4. Impact Of COVID-19 On Submarines
5. Submarines Market Size And Growth
5.1. Global Submarines Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Submarines Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Submarines Market Segmentation
6.1. Global Submarines Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Nuclear Powered Submarine
- Diesel Electric Submarine
- Ballistic Missile Submarine
6.2. Global Submarines Market, Segmentation By Platform, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Commercial
- Military
6.3. Global Submarines Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Surveillance
- Combat
- Marine Environmental Monitoring
- Others
7. Submarines Market Regional And Country Analysis
7.1. Global Submarines Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Submarines Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/t81l4d
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