Market Size of Anti-Submarine Warfare Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 17.98 Billion |
Market Size (2029) | USD 22.72 Billion |
CAGR (2024 - 2029) | 5.02 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Anti-Submarine Warfare Market Analysis
The Anti-Submarine Warfare Market size is estimated at USD 17.98 billion in 2024, and is expected to reach USD 22.72 billion by 2029, growing at a CAGR of 5.02% during the forecast period (2024-2029).
Anti-submarine warfare is critical for protecting the strategic speed and operational agility of naval forces around the world, as the proliferation of new technologies is dramatically affecting the operational planning and execution of missions of both friendly and hostile forces. With counter- and anti-denial strategies evolving as a crucial part of implemented maritime strategies of key naval forces, anti-submarine warfare has become vital in protecting maritime assets against a swift, stealthy attack from hostile forces operating below the surface of the water.
The ongoing R&D toward the development of advanced maritime technologies, such as stealth submarines and unmanned marine systems, is envisioned to inspire potential investments in developing countermeasures, such as enhanced range-sonar systems, that can detect stealth submarines and other immersed hostile craft. However, operational complexities and high costs involved in the development of anti-submarine warfare systems may pose a challenge to market growth.
Anti-Submarine Warfare Industry Segmentation
The market for anti-submarine warfare includes all the usual parts of dividing defense forces. It includes plans to buy, upgrade, and modernize naval assets that can fight submarines to make both the global maritime forces and their opponents stronger. Anti-submarine warfare relates to underwater warfare that uses surface warships, aircraft, submarines, or other platforms to find, track, or destroy enemy submarines.
The anti-submarine warfare market is segmented by system and platform. By system, the market is segmented into sensors, electronic support measures, and armaments. By platform, the market is segmented into submarines, surface ships, helicopters, maritime patrol aircraft, and unmanned systems. The report also covers the market sizes and forecasts for the anti-submarine warfare market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
System | |
Sensors | |
Electronic Support Measures | |
Armament |
Platform | |
Submarines | |
Surface Ships | |
Helicopters | |
Maritime Patrol Aircraft | |
Unmanned Systems |
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Rest of the World |
Anti-Submarine Warfare Market Size Summary
The anti-submarine warfare market is poised for significant growth, driven by the increasing need to protect naval forces' strategic speed and operational agility against evolving maritime threats. As new technologies proliferate, both friendly and hostile forces are adapting their operational strategies, making anti-submarine warfare crucial for safeguarding maritime assets from stealthy underwater attacks. The market is witnessing a surge in research and development aimed at advancing maritime technologies, such as stealth submarines and unmanned marine systems, which in turn is spurring investments in countermeasures like enhanced range-sonar systems. However, the high costs and operational complexities associated with developing these systems present challenges to market expansion. The submarines segment is expected to experience robust growth due to their stealth capabilities and depth-changing abilities, with military powerhouses like the United States, United Kingdom, China, and India actively modernizing their naval fleets to address emerging security threats.
The market landscape is characterized by a fragmented competitive environment, with key players such as Lockheed Martin Corporation, RTX Corporation, Northrop Grumman Corporation, Saab AB, and THALES investing significantly in new naval assets to secure long-term contracts and expand their global footprint. Continuous advancements in integrated weapon technologies and naval combat systems with anti-submarine warfare capabilities are being driven by ongoing research and development, strategic partnerships, and facility expansions. Notable developments include THALES's contract with Lockheed Martin for airborne anti-submarine warfare sonars and Saab's establishment of a new production facility in the United States. Additionally, international collaborations and defense agreements, such as Australia's partnership with the US and UK for nuclear-powered submarines, are further bolstering the market's growth prospects during the forecast period.
Anti-Submarine Warfare Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 System
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2.1.1 Sensors
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2.1.2 Electronic Support Measures
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2.1.3 Armament
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2.2 Platform
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2.2.1 Submarines
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2.2.2 Surface Ships
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2.2.3 Helicopters
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2.2.4 Maritime Patrol Aircraft
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2.2.5 Unmanned Systems
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 France
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2.3.2.3 Germany
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2.3.2.4 Russia
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Rest of the World
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Anti-Submarine Warfare Market Size FAQs
How big is the Anti-Submarine Warfare Market?
The Anti-Submarine Warfare Market size is expected to reach USD 17.98 billion in 2024 and grow at a CAGR of 5.02% to reach USD 22.72 billion by 2029.
What is the current Anti-Submarine Warfare Market size?
In 2024, the Anti-Submarine Warfare Market size is expected to reach USD 17.98 billion.