Anti-Submarine Warfare Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Anti-Submarine Warfare Industry Overview

The anti-submarine warfare market is fragmented, with many global players present in the market. Some of the prominent players in the market are Lockheed Martin Corporation, RTX Corporation, Northrop Grumman Corporation, Saab AB, and THALES. To gain long-term contracts and expand their global presence, players are investing significantly in the procurement of new naval assets. 

Furthermore, continuous R&D, partnerships, and expansions are fostering the advancements in accuracy and efficiency of integrated weapon technologies and associated products and solutions of naval combat systems with anti-submarine warfare capabilities. For instance, in April 2021, THALES signed a contract with Lockheed Martin as a tier-one supplier for the delivery of up to 55 airborne anti-submarine warfare sonars. Likewise, in April 2022, Saab announced a new 10,000 sq. ft. Anti-Submarine Warfare (ASW) production facility in Rhode Island, the US. The facility will also house the Autonomous and Undersea Systems Division of Saab AB.