Submarine Market Research Report: Information by Type (Nuclear Powered Submarine, Diesel Electric Submarine and Ballistic Missile Submarine), Application (Surveillance, Combat, Marine Environmental Monitoring, Detection of Oil Resources, Scientific Research and others), Platform (Commercial and Military) and Region (North America, Europe, Asia-Pacific, Middle East Africa and Latin America) - Forecast till 2030
Key Players
The key players of global air independent propulsion systems market report include- SAAB AB (Sweden), Siemens AG (Germany), DCNS SA (France), China Shipbuilding Industry Co., Ltd. (China), UTC Aerospace Systems (US), Lockheed Martin Corporation (US), General Dynamics Corporation (US), Kongsberg Gruppen ASA (Norway), and others.
Market Highlights
Air Independent Propulsion (AIP) technology allows diesel submarines to operate without having to surface to access atmospheric oxygen. For a submarine to remain submerged for extended periods, without the need to surface, augments range and improves underwater endurance, at a lower cost than nuclear propulsion, while preserving the advantages of traditional diesel electric power. This helps diesel submarines to carry out operations in a stealthy manner reducing their chances of being detected by ships and aircrafts.
Air Independent Propulsion System (AIP) uses a various method such as closed-cycle diesel, fuel cells, sterling engines, and closed cycle steam to extend a traditional powered submarine's ability to stay submerged. Generally, all AIP systems consist of an engine, fuel , a means to use the fuel without access to the atmosphere, a generator attached to the engine, and a battery. The popularity of these systems has gone up and there is a large number of navies wanting to build submarines with AIP systems. These days, Several AIP schemes are under development or already in operation, can increase slow-speed endurance to as much as a month. While it is still dwarfed by the potential of nuclear power, AIP offers diesel submarines a remarkable increase in capability
Market Research Analysis:
Market Research Future analysis shows that the global air independent propulsion market is estimated to grow at USD XX billion by the end of year 2022. Possibility of retrofit for AIP exists in this market considering the low cost of AIP systems along with the operational stealth, operational endurance among others which the AIP system fitted submarines provide. Moreover, North America is expected to hold the largest market share in the global air independent propulsion systems market. The region has witnessed increased investment in defense, majorly to strengthen its naval capabilities. With changing political and economic scenario in the US, there are seen additional funds allocated to the country's navy. These investments are targeted on the shipbuilding and submarine building.
The increase in naval spending is expected to counter the threat from resurgent countries. Whereas, China continues to spend heavily on its defense, especially navy. As part of their national security, strategic investments have enabled them to exponentially increase their naval capabilities. Further technological advancement in the shipbuilding and submarine building in the country is expected to augment the market for air independent propulsion system in the region.
Scope of the report
This study provides an overview of the global air independent propulsion systems industry, tracking market by retrofit and linefit, each across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
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