Anti-Submarine Warfare Systems Market Share

Anti-Submarine Warfare Systems Market Share

Lockheed Martin Corporation, RTX Corporation and Northrop Grumman Corporation hold a significant market share of over 24% in the market. Companies in the anti-submarine warfare systems industry employ several key strategies to enhance their market foothold. Lockheed Martin focuses on continuous innovation in ASW technologies, leveraging its expertise in sensors, sonar systems, and underwater capabilities to stay at the forefront of technological advancements.
 

Northrop Grumman Corporation forms strategic partnerships and collaborations with defense contractors, organizations, and research institutions as a strategy. This approach helps North Grumman leverage collective expertise and resources for the development and implementation of ASW solutions. For instance, in February 2021, Northrop Grumman Corporation and Ultra collaborated to equip a modified Bell 407 manned platform with Ultra sonobuoys to complete an anti-submarine warfare capability demonstration of unmanned aircraft systems (UAS).
 

Furthermore, to improve data analysis and decision-making processes, RTX Corporation invests in AI and ML technologies. For instance, in December 2022, RTX Corporation invested in EpiSci, a company that develops autonomous solutions. The investment supports the company's mission of developing advanced autonomous technologies and will aid in the integration of EpiSci's Tactical AI technology.
 

Anti-Submarine Warfare Systems Market Companies

Major players operating in the anti-submarine warfare systems industry are:

• BAE Systems plc
• DSIT Solutions Ltd
• Elbit Systems Ltd.
• General Dynamics Corporation
• Lockheed Martin Corporation
• Naval Group (Formerly DCNS)
• Northrop Grumman Corporation
• RTX Corporation
• Saab AB
• Thales Group