The report, now available on ASDReports, recognizes the following companies as the key players in the Global Submarine Market: BAE Systems, Daewoo Shipbuilding and Marine Engineering, General Dynamics Electric Boat, Huntington Ingalls Industries, and Kawasaki Heavy Industries.
Other Prominent Vendors in the market are: Fincantieri, Lockheed Martin, Mitsubishi Heavy Industries, Saab, and Thales Group.
Commenting on the report, an analyst said: “3D printing or additive manufacturing is an evolving technology that helps the users create and design things in an innovative way, and surpasses the conventional methods like computerized numerical control (CNC) cutting, mold manufacturing, or canvas printing. In addition, 3D printing has a distinctive ability to print electronics directly onto 3D surfaces, for instance, on UUV and submarine parts and components, missile fins, and guidance systems. In addition, it reduces the size and weight of the naval vessel or the submarine.”
According to the report, the demand for UUVs is continuously increasing for naval intelligence; mine countermeasures (MCM) operations; intelligence, surveillance, and reconnaissance roles; and anti-submarine warfare missions. Two types of UUVs are used in military operations: remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs).
Further, the report states that the high cost of maintenance and retrofit of submarines becomes a drawback.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.