PUBLISHER: Allied Market Research | PRODUCT CODE: 1193343
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193343
Submarine are type of ships that can above the water as well as below the water which enhances the capabilities of the defense sector of the countries. Submarines are majorly classified into nuclear and non-nuclear submarines and are majorly used for military operations. However, these types of underwater vehicles also have commercial applications to a certain extent. Primary applications of submarine within the military domain include protecting international waters, perform underwater warfare, provide underwater command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) support.
The primary applications of submarines within the commercial and government domain include marine weather monitoring, scientific research, locating oil basin on seabeds, tourism, and recreational. Submarines have a product life cycle of 25 to 45 years, and heavily depend on maintenance repair and overhaul (MRO) and part upgradation and modification contracts to ensure the sub is in operational condition across its operational lifespan. The ballistic missiles submarines (SSBN) and nuclear power attack submarines (SSN) have nuclear reactor as its fuel core. These types of submarines have more than 30 years of operational lifespan and can stay underwater for longer period as compared to diesel electric submarines, which have operational lifespan of 25 to 30 years.
The submarine market is segmented on the basis of type, propulsion, application, and region. By type, it is further divided into Ballistic Missile Submarines (SSBNs), Nuclear-Powered attack submarines (SSNs), and Diesel-electric attack submarines (SSKs), and others.
By propulsion, the market is bifurcated into nuclear and non-nuclear. By application, the market is segregated into military surveillance & combat, marine weather monitoring & scientific research, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth drivers, restraints, and opportunities are explained in the study to better understand the market dynamics. This study further highlights key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The study features strategies adopted by key market players to maintain their foothold in the market.
By Type
By Propulsion
By Application
By Region