Global Undersea Warfare Systems Market Report 2023: Increasing Tensions Among Various Nations Drives Growth
DUBLIN, May 23, 2023 /PRNewswire/ -- The "Undersea Warfare Systems Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global undersea warfare systems market grew from $15.75 billion in 2022 to $16.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The undersea warfare systems market is expected to grow to $21.07 billion in 2027 at a CAGR of 5.6%.
Major players in the undersea warfare systems market are BAE Systems plc, General Dynamics Corporation, Kongsberg Gruppen, L3Harris Technologies Inc., Leonardo S.P.A, Lockheed Martin Corporation, Northrup Grumman Corporation, Raytheon Company, Saab AB, Thales Group, ATLAS ELEKTRONIK GmbH, S.A. de Electronica Submarina, ECA Group, The Boeing Company, Ultra Electronics Corporation, Abeking & Rasmussen, ACO Marine, Adder Technology, Associated Electrical Industries Limited, Aeromaritime Systembau GmbH, and Aeronautical & General Instruments.
Reasons to Purchase
The undersea warfare systems market consists of sales of submarines, communication systems and mine warfare systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
North America was the largest region in the undersea warfare systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the undersea warfare systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of undersea warfare systems are communication and surveillance systems, sensors and computation systems, countermeasure systems and payloads, unmanned underwater vehicles, and weapon systems. Communication and Surveillance: A system in an undersea warfare system provides surveillance of various communications channels such as emails, phone calls, servers, and others through which data exchange is done and monitors the threat. The different modes of operation include manned operations, autonomous operations, and remote operations. The various end-users include the navy, air force, and army.
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 Topics Covered:
6.2. Global Undersea Warfare Systems Market, Segmentation By Mode Of Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.3. Global Undersea Warfare Systems Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7. Undersea Warfare Systems Market Regional And Country Analysis
For more information about this report visit https://www.researchandmarkets.com/r/o7dfu1
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