How big is the Submarine Market?

The Submarine Market size is expected to reach USD 9.21 billion in 2024 and grow at a CAGR of 7.59% to reach USD 13.28 billion by 2029. Read More

What is the current Submarine Market size?

In 2024, the Submarine Market size is expected to reach USD 9.21 billion. Read More

Who are the key players in Submarine Market?

Naval Group, BAE Systems plc, thyssenkrupp AG, Saab AB and General Dynamics Corporation are the major companies operating in the Submarine Market. Read More

Which is the fastest growing region in Submarine Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Submarine Market?

In 2024, the North America accounts for the largest market share in Submarine Market. Read More

What years does this Submarine Market cover, and what was the market size in 2023?

In 2023, the Submarine Market size was estimated at USD 8.51 billion. The report covers the Submarine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Submarine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Submarine Market - Size, Revenue & Share

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

The Submarine Market Report is Segmented by Type (Nuclear-Powered Submarines (SSNs), Ballistic Missile Submarines (SSBNs), Guided-Missile Nuclear Submarines (SSGNs), and Diesel-Electric Submarines (SSKs)) and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Sizes and Forecasts for all the Above Segments in Terms of Value (USD).

Submarine Industry Overview

The submarine market is highly consolidated, with few players holding significant shares. Some prominent market players include Naval Group, General Dynamics Corporation, BAE Systems PLC, Saab AB, and ThyssenKrupp AG. The market is consolidated owing to the presence of several submarine manufacturers.

Companies are intensifying their growth strategies by developing and launching submarines with advanced features and securing product approvals and patents. Bolstering their product portfolios with cutting-edge submarine systems, ramping up R&D investments, and making strategic acquisitions are pivotal moves that will likely cement their market dominance in the coming years.