Submarine Market By Type (SSK, SSBN and SSN) - Global Industry Analysis And Forecast To 2025

Industry Outlook

Submarine is also simply referred to as Sub, is a water craft that is capable of operating underwater. Submarine differs from submersible, as submersibles have limited capabilities underwater. Submarine is a large under water vessel capable of carrying a crew of number of people, also sometimes a submarine can be remote controlled vehicle of medium or small size known as midget submarine or wet-sub. Many submarines have cylindrical body with hemispherical ends with a vertical structure, having various sensing devices and devices for communication. Submarines have a wide variety ranging from 2-seater that can operate for few hours to large vessels that can stay submerged for nearly 6 months. The use of Submarine is growing due to factors like; rising demand from various countries to modernize their fleets owing to international security situations, technological advancement in the systems, rising investment by governments on defense, etc. Therefore, the Submarine Market is anticipated to expand and has tremendous scope during the forecast period. The global Submarine Market anticipated to flourish in the future by growing at a significantly higher CAGR.

Market Segmentation

The global Submarine Market is based on segment, by Type the market is segmented into SSK, SSBN and SSN.

Submarine Market, By Type


Regional Insights

On a global front, the Submarine Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA). Asia Pacific region is leading the Submarine Market due to rising budget on defense and defense authorities in many economies are investing more on submarines & various underwater vehicles.

Submarine Market, By Region

North America



Rest of Europe


South Korea
Southeast Asia
Rest of Asia-Pacific

South America

Rest of South America

Middle East and Africa

Saudi Arabia
South Africa
Rest of MEA

Competitive Analysis

The leading players in the market are Thales Group, BAE Systems AB, Saab group, Daewoo Shipbuilding & Marine Engineering Co. Ltd., Mitsubishi Heavy Industries Ltd., General Dynamics Electric Boat, Lockheed Martin, Huntington Ingalls Industries, Fincantieri - Cantieri Navali Italiani S.p.A. and Kawasaki Heavy Industries Ltd. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.

Thales Group
BAE Systems AB
Saab group
Daewoo Shipbuilding & Marine Engineering Co. Ltd.
Mitsubishi Heavy Industries Ltd.
General Dynamics Electric Boat
Lockheed Martin
Huntington Ingalls Industries
Fincantieri - Cantieri Navali Italiani S.p.A.
Kawasaki Heavy Industries Ltd.

Some of the key questions answered by the report are:

What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?