Overview and Scope
The undersea warfare systems are used to defend against undersea threats by enemies to strengthen the nation’s security. Undersea warfare systems are commonly used in naval operations of a particular country to provide security against opposing countries. It consists of the antisubmarine, offensive and defensive submarine, and mine warfare systems to control and maintain underwater nations’ borders by using various defensive and effective underwater weapons and systems.
Sizing and Forecast
The undersea warfare systems market size has grown strongly in recent years. It will grow from <b>$19.17 billion in 2023 to $20.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. </b> The growth in the historic period can be attributed to anti-submarine warfare (asw) development, naval modernization programs, electronic warfare (ew) capabilities, renewable energy infrastructure protection, environmental sensing and monitoring..
The undersea warfare systems market size is expected to see strong growth in the next few years. It will grow to <b>$26.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. </b> The growth in the forecast period can be attributed to emerging naval powers, undersea drone technology, multi-domain integration, undersea communication networks, maritime border security. Major trends in the forecast period include unmanned underwater vehicles (uuvs), advanced sonar and sensor technologies, integrated multinational operations, artificial intelligence (ai) in submarine warfare, enhanced stealth technologies..
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Segmentation & Regional Insights
The undersea warfare systems market covered in this report is segmented –
1) By Type: Communication And Surveillance Systems, Sensors And Computation Systems, Countermeasure Systems And Payload, Unmanned Underwater Vehicles, Weapon Systems
2) By Mode of Operation: Manned Operations, Autonomous Operations, Remotely Operations
3) By End-User: Navy, Air Force, Army
<b>North America</b> was the largest region in the undersea warfare systems market share in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the undersea warfare systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing tensions among various nations due to rising wars and conflicts are expected to propel the growth of the undersea warfare systems market going forward. War is defined as a violent conflict between nations or states. Undersea warfare systems are commonly used by armed forces to oppose underwater threats to maintain and control war situations and protect national security. For instance, in July 2022, according to the UK Ministry of Defence’s update on the Russia-Ukraine War, Ukraine’s forces were using long-range artillery across the Dnipro River to target bridges, and they attacked two times on the Antonivskiy Bridge in Kherson. Therefore, the increasing tensions among various nations due to rising wars and conflicts are driving the growth of the undersea warfare systems market. Therefore, the rising number of underwater threats is driving the growth of the undersea warfare systems market.
Key Industry Players
Major companies operating in the undersea warfare systems market include <b> BAE Systems plc, General Dynamics Corporation, Kongsberg Gruppen AS, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, RTX Corporation, Saab AB, Thales Group, ATLAS ELEKTRONIK GmbH, S.A. de Electronica Submarina, ECA Group, The Boeing Company, Ultra Electronics Holdings plc, Abeking & Rasmussen GmbH & Co. KG, ACO Marine Group, Adder Technology Limited, Associated Electrical Industries Limited, Aeromaritime Systembau GmbH, Aeronautical & General Instruments Limited, Babcock International Group PLC, Bharat Electronics Limited, DRS Technologies Inc., Elbit Systems Ltd., Fincantieri S.p.A., Hydroid Inc., Israel Aerospace Industries Ltd., Kraken Robotics Inc., L3 OceanServer, Navantia S.A., Ocean Aero Inc., QinetiQ Group plc, Rafael Advanced Defense Systems Ltd., Safran Electronics & Defense, Sonardyne International Ltd. </b>
The undersea warfare systems market report table of contents includes:
1. Executive Summary
2. Undersea Warfare SystemsMarket Characteristics
3.Undersea Warfare Systems Market Trends And Strategies
4.Undersea Warfare Systems market analysis
5.Undersea Warfare Systems Market Size And Growth
6.Undersea Warfare Systems Segmentation
7.Undersea Warfare Systems Regional And Country Analysis
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27.Undersea Warfare Systems Competitive Landscape And Company Profiles
28.Undersea Warfare Systems Key Mergers And Acquisitions
29.Undersea Warfare Systems. Future Outlook and Potential Analysis
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