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Anti-Submarine Warfare Systems Market Trends

  • Report ID: GMI8163
  • Published Date: Feb 2024
  • Report Format: PDF

Anti-Submarine Warfare Systems Market Trends

Advancements in maritime technologies are driving growth in the anti-submarine warfare market. Innovations in sonar systems, Unmanned Underwater Vehicles (UUVs), and Autonomous Surface Vessels (ASVs) are enhancing the capabilities of anti-submarine warfare platforms for detecting & tracking submarines more effectively. For instance, in September 2023, BAE Systems and Malloy Aeronautics showcased the T-600 heavy lift Unmanned Air System (UAS) during a major NATO exercise in Portugal. Throughout the multinational drill, the demonstrator effectively deployed an anti-submarine torpedo, an inert Sting Ray training variant for the first time during a sea-based flight mission.
 

Additionally, developments in data fusion, artificial intelligence, and machine learning are improving the accuracy & speed of submarine detection, enabling naval forces to respond swiftly to potential threats. These advancements are propelling the anti-submarine warfare market by providing more efficient and reliable solutions for maritime security challenges.
 

The integration of unmanned systems including UUV, ASV, and UAV is revolutionizing anti-submarine warfare. These platforms offer extended endurance, increased coverage, and reduced risk to human operators, enabling more persistent & effective monitoring of underwater threats. Their ability to operate autonomously or in coordination with manned assets enhances the flexibility and scalability of anti-submarine warfare operations, making them a key growth driver in the market.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The anti-submarine warfare systems industry was valued at USD 17.7 billion in 2023 and is estimated to register a CAGR of over 4.5% between 2024 & 2032, driven by increasing investments in maritime surveillance capabilities.

In 2023, the submarines segment accounted for 28% market share, favored by the proliferation of submarines and advancements in submarine technology.

North America anti-submarine warfare systems industry held a revenue share of over 38% in 2023, attributed to the integration of state-of-the-art technologies such as advanced sonar systems, Unmanned Underwater Vehicles (UUVs), and maritime patrol aircraft.

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, and Thales Group.

Anti-Submarine Warfare Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 250
  • Countries covered: 23
  • Pages: 220
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