Undersea Warfare Systems Market - SINGLE USER

The global undersea warfare systems market is expected to witness a significant growth over the forecast period 2017-2021 due to the rising number of underwater threats. These systems are able to detect, track and classify any upcoming danger from an unidentified submarine, torpedo attacks, and lethal sea mine. The Undersea warfare system manufacturers are developing advanced underwater technologies to counter underwater threats. There has been the emergence of the unmanned underwater systems which is impacting the market with the high adoption across the globe. In addition, the global undersea warfare systems market is significantly growing due to the high defense spending across various countries. This high scale growth of the undersea warfare systems industry is subsequently influencing the market, therefore new advanced underwater technologies are being developed. The adoption of the undersea warfare systems in order to protect the country from rising enemy attacks is one of the key drivers for the growth of the global undersea warfare systems market.

Moreover, continuous improvements in the underwater technologies as well as the technological development of airborne detection systems is providing an opportunity for the growth of the global undersea warfare systems market. There are mainly five types of undersea warfare systems that include weapons & countermeasures, unmanned underwater systems, sensors & sonars, communication systems, and airborne detection systems. In addition to this, the market of the airborne detection systems is expected to have the highest growth rate during the forecast period 2017-2021 due to the high demand across Asia-Pacific region. By analysis, the global undersea warfare systems market generated revenue approximately $8,257.9 million, in 2016 and is estimated to grow at a CAGR of 6.6% during 2017-2021. North America is expected to acquire the most revenue in the global undersea warfare systems market by 2021 with the U.S. acquiring the most market share, globally. However, Asia-Pacific is expected to have the highest growth rate during the forecast period 2017-2021.
Following points provide a concrete description of the report content and the topics covered in the report:
• This report identifies the global undersea warfare systems market under different segments such as types, and regions
• It examines the prime supply side factors affecting the growth of the market along with the current and future trends, market drivers, restraints, and challenges prevalent in the global undersea warfare systems market
• The report also highlights the value chain of the industry with the major focus on the technology roadmap
• A detailed competitive analysis has been included in this report which focuses on the ¬key market developments & strategies followed by the top players in the market. Additionally, market share analysis model has been included in the existing study which analyzes the share of the market players in the global undersea warfare systems market
• Different types of the global undersea warfare systems market, such as weapons & countermeasures, unmanned underwater systems, sensors & sonars, communication systems and airborne detection systems, have been estimated and analyzed in the report
• The global undersea warfare systems market has been analyzed in the report for the major regions including North America, Europe, Asia-Pacific, and rest of the world
• A detailed Porter’s Five Forces analysis has been included in the report. Furthermore, the report also focuses on providing information on the key participants and future opportunities in the global undersea warfare systems market
• The study provides detailed analysis of the 15 key players in the global undersea warfare systems market including ATLAS ELEKTRONIK GmbH, BAE Systems plc., ECA Group, General Dynamics, Harris Corporation, Kongsberg Gruppen, Leonardo, Lockheed Martin, Northrop Grumman, Raytheon Company, S.A. de Electronica Submarina (SAES), Saab AB, Thales Group, Boeing and Ultra Electronics, in the Company Profiles section. This section covers business financials, company snapshots, key products & services, major developments, future programs (if any), and , the individual SWOT analysis.
Executive Summary
1 Scope & Research Methodology
1.1 Research Scope
1.2 Global Undersea Warfare Systems Market: Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.1.1 Rising Defense Spending
2.1.2 Threats from Enemy Underwater Weapons Systems
2.2 Market Challenges
2.2.1 Environmental Challenges due to Undersea Systems
2.2.2 Navigational and Operational Complexities with Undersea Unmanned Systems
2.3 Market Opportunities
2.3.1 Development of Airborne Detection Systems
2.3.2 Improvements in Underwater Technologies
3 Competitive Insights
3.1 Competitive Landscape
3.2 Market Key Strategies and Developments
3.3 Key Strategies and Developments
3.3.1 Partnerships, Agreements, and Contracts
3.3.2 Product Launches
3.3.3 Mergers and Acquisitions
3.3.4 Other Developments
3.4 Competitive Benchmarking Map
3.5 Industry Attractiveness: Porter’s Five Forces Analysis
4 Industry Analysis
4.1 Military Expenditure on Unmanned Systems
4.2 Share of Submarine Fleet by Country
4.3 Product Pricing Analysis of Undersea Warfare Systems
4.4 Value Chain Analysis
5 Global Undersea Warfare Systems Market, 2017-2021
5.1 Assumptions and Limitations
5.2 Market Overview
6 Global Undersea Warfare Systems Market by Type
6.1 Market Overview
6.2 Weapons and Countermeasures
6.3 Sensors and Sonars
6.4 Unmanned Underwater Systems
6.4.1 Remotely Operated Vehicles (ROVs)
6.4.2 Autonomous Underwater Vehicles (AUVs)
6.4.3 Hybrid Unmanned Underwater Vehicles
6.5 Communication Systems
6.6 Airborne Detection Systems
6.6.1 Sonobuoys
6.6.2 Dipping Sonars and Airborne Laser Mine Detection Systems (ALMDS)
6.6.3 Radio Detection and Ranging (RADAR)
6.6.4 Magnetic Anomaly Detection (MAD) Systems
7 Global Undersea Warfare systems Market by Region
7.1 Market Overview
7.2 North America Undersea Warfare Systems Market
7.2.1 North America Undersea Warfare Systems Market by Type
7.2.2 North American Undersea Warfare Systems Market by Country
7.2.2.1 The U.S.
7.2.2.2 Canada
7.3 Europe Undersea Warfare Systems Market
7.3.1 Europe Undersea Warfare Systems Market by Type
7.3.2 Europe Undersea Warfare Systems Market by Country
7.3.2.1 Russia Undersea Warfare Systems Market
7.3.2.2 The U.K. Undersea Warfare Systems Market
7.3.2.3 France Undersea Warfare Systems Market
7.3.2.4 Germany Undersea Warfare Systems Market
7.4 Asia Pacific Undersea Warfare Systems Market
7.4.1 Asia-Pacific Undersea Warfare Systems Market by Type
7.4.2 Asia-Pacific Undersea Warfare Systems Market by Country
7.4.2.1 China Undersea Warfare Systems Market
7.4.2.2 India Undersea Warfare Systems Market
7.4.2.3 Japan Undersea Warfare Systems Market
7.4.2.4 South Korea Undersea Warfare Systems Market
7.5 Rest of the World Undersea Warfare Systems Market
7.5.1 Rest of the World Undersea Warfare Systems Market by Type
7.5.2 Rest of the World Undersea Warfare Systems Market by Region
7.5.2.1 Middle-East and Africa Undersea Warfare Systems Market
7.5.2.2 Latin America Undersea Warfare Systems Market
8 Company Profile
8.1 Atlas Elektronik Gmbh
8.1.1 Company Overview
8.1.2 Product Offerings
8.1.3 SWOT Analysis
8.2 BAE Systems plc.
8.2.1 Company Overview
8.2.2 Products & Services
8.2.3 Overall Financials
8.2.3.1 Financial Summary
8.2.4 SWOT Analysis
8.3 Boeing
8.3.1 Company Overview
8.3.2 Products & Services
8.3.3 Overall Financials
8.3.3.1 Financial Summary
8.3.4 SWOT Analysis
8.4 ECA Group
8.4.1 Company Overview
8.4.2 Product & Services
8.4.3 Overall Financials
8.4.3.1 Financial Summary
8.4.4 SWOT Analysis
8.5 General Dynamics
8.5.1 Company Overview
8.5.2 Products & Services
8.5.3 Overall Financials
8.5.3.1 Financial Summary
8.5.4 SWOT Analysis
8.6 Harris Corporation
8.6.1 Company Overview
8.6.2 Products and Services
8.6.3 Financials
8.6.3.1 Overall Financials
8.6.4 Financial Summary
8.6.5 SWOT Analysis
8.7 Kongsberg Gruppen
8.7.1 Company Overview
8.7.2 Products & Services
8.7.3 Overall Financials
8.7.3.1 Financial Summary
8.7.4 SWOT Analysis
8.8 Leonardo DRS
8.8.1 Company Overview
8.8.2 Products & Services
8.8.3 Overall Financials
8.8.3.1 Financial Summary
8.8.4 SWOT Analysis
8.9 Lockheed Martin Corporation
8.9.1 Company Overview
8.9.2 Products & Services
8.9.3 Overall Financials
8.9.3.1 Financial Summary
8.9.4 SWOT Analysis
8.10 Northrop Grumman
8.10.1 Company Overview
8.10.2 Product Offerings
8.10.3 Overall Financials
8.10.3.1 Financial Summary
8.10.4 SWOT Analysis
8.11 Raytheon Inc.
8.11.1 Company Overview
8.11.2 Product Offerings
8.11.3 Overall Financials
8.11.3.1 Financial Summary
8.11.4 SWOT Analysis
8.12 S.A. de Electronica Submarina (SAES)
8.12.1 Company Overview
8.12.2 Products & Services
8.12.3 SWOT Analysis
8.13 Saab
8.13.1 Company Overview
8.13.2 Product Offerings
8.13.3 Overall Financials
8.13.3.1 Financial Summary
8.13.4 SWOT Analysis
8.14 Thales Group
8.14.1 Company Overview
8.14.2 Products & Services
8.14.3 Overall Financials
8.14.3.1 Financial Summary
8.14.4 SWOT Analysis
8.15 Ultra-Electronics
8.15.1 Company Overview
8.15.2 Product Offerings
8.15.3 Overall Financials
8.15.3.1 Financial Summary
8.15.4 SWOT Analysis
9 Appendix
9.1 Related Reports
List of Tables
Table 3.1 Partnerships, Agreements, and Contracts
Table 3.2 Product Launches
Table 3.3 Mergers and Acquisitions
Table 3.4 Other Developments
Table 3.5 Analysing Threat from New Entrants
Table 3.6 Analysing Threat from Substitute Products or Services
Table 3.7 Analysing Bargaining Power of Suppliers
Table 3.8 Analysing Bargaining Power of Buyers
Table 3.9 Analysing Intensity of Competitive Rivalry
Table 4.1 Undersea Warfare Systems for Submarines
Table 4.2 Product Analysis of Some of the Undersea Warfare Systems
Table 6.1 Global Undersea Warfare Systems Market by Type, 2016-2021
Table 6.2 Weapon and Countermeasure Systems Developed by the Leading Manufacturers
Table 6.3 Sensors and Sonars offered by Various Leading Manufacturers
Table 6.4 Unmanned Underwater Vehicles (UUVs) by Various Manufacturers
Table 6.5 Comparison of Acoustic and Optical Telemetry
Table 6.6 Underwater Communication Systems by Various Manufacturers
Table 6.7 Dipping Sonars and Airborne Laser Mine Detection Systems (ALMDS)
Table 6.8 Radars for Submarine Detection
Table 6.9 Magnetic Anomaly Detection Systems
Table 6.10 Users of Magnetic Anomaly Detection Systems
Table 7.1 Global Undersea Warfare Systems Market Size by Region, 2016-2021
Table 7.2 The U.S. Department of Defense Historical Funding for the period 2010-2017
Table 7.3 The U.K. Ministry of Defence (MoD) Budget, 2016-2021
Table 8.1 SAAB-Business Segments
Table 8.2 Sonar Suits Available for Various Platforms
List of Figures
Figure 1 Global Undersea Warfare Systems Market, 2016-2021
Figure 2 Global Undersea Warfare Systems Market by Type, 2016 & 2021 ($Million)
Figure 3 Global Undersea Warfare Systems Market by Region, 2016 & 2021
Figure 4 Global Undersea Warfare Systems Market by Country, 2016 ($Million)
Figure 1.1 Undersea Warfare Systems Market Scope
Figure 1.2 Research Methodology
Figure 1.3 Secondary Data Sources
Figure 1.4 Data Triangulation
Figure 1.5 Top Down and Bottom Up Approach
Figure 1.6 Global Undersea Warfare Systems Market Influencing Factors
Figure 1.7 Assumptions and Limitations
Figure 2.1 Market Dynamics Snapshot
Figure 2.2 Impact Analysis of Market Drivers
Figure 2.3 Impact Analysis of Market Challenges
Figure 2.4 Impact Analysis on Market Opportunities
Figure 2.5 Global Military Spending, 2017
Figure 2.6 Global Military Spending, 2016
Figure 2.7 Major Challenges of Underwater Acoustic Network
Figure 3.1 Some of the Organic and Inorganic Growth Strategies Adopted by the Key Players
Figure 3.2 Percentage Share of Strategies Adopted by the Market Players, 2013-2017
Figure 3.3 Competitive Benchmarking Map of Undersea Warfare Systems Manufacturers
Figure 3.4 Porter’s Five Forces Analysis
Figure 3.5 Threat from New Entrants
Figure 3.6 Threat from Substitute Products or Services
Figure 3.7 Bargaining Power of Suppliers
Figure 3.8 Bargaining Power of Buyers
Figure 3.9 Intensity of Competitive Rivalry
Figure 4.1 Share of the U.S. DoD Funding on Unmanned Systems, in FY2017
Figure 4.2 Share of Submarine Fleet by Country, as of 2017
Figure 4.3 Value Chain Analysis
Figure 5.1 Global Undersea Warfare Systems Market, 2016-2021
Figure 6.1 Classification of the Global Undersea Warfare Systems Market by Type
Figure 6.2 Global Undersea Warfare Systems Market by Type, 2016 and 2021 ($Million)
Figure 6.3 Weapons and Countermeasures Market Size, 2016-2021
Figure 6.4 Technological Advancements of the Next Generation Torpedoes
Figure 6.5 Sensors and Sonars Market Size, 2016-2021
Figure 6.6 Unmanned Underwater Systems Market Size, 2016-2021
Figure 6.7 Remotely Operated Vehicles Market Size, 2016-2021
Figure 6.8 Autonomous Underwater Vehicles Market Size, 2016-2021
Figure 6.9 Hybrid Unmanned Underwater Vehicles Market Size, 2016-2021
Figure 6.10 Communication Systems Market Size, 2016-2021
Figure 6.11 Airborne Detection Systems Market Size, 2016-2021
Figure 6.12 Sonobuoys Market Size, 2016-2021
Figure 6.13 Some Sonobuoys for Submarine Detection
Figure 6.14 Dipping Sonars and Airborne Laser Mine Detection Systems (ALMDS) Market Size, 2016-2021
Figure 6.15 Radio Detection and Ranging (RADAR) Market Size, 2016-2021
Figure 6.16 Magnetic Anomaly Detection (MAD) Systems Market Size, 2016-2021
Figure 7.1 Global Undersea Warfare Systems Market by Region
Figure 7.2 Global Undersea Warfare Systems Market by Region, 2016 and 2021 ($Million)
Figure 7.3 North America Undersea Warfare Systems Market Size, 2016-2021
Figure 7.4 North America Undersea Warfare Systems Market by Type, 2016-2021
Figure 7.5 The U.S. Undersea Warfare Systems Market Size, 2016-2021
Figure 7.6 Canada Undersea Warfare Systems Market Size, 2016-2021
Figure 7.7 Europe Undersea Warfare Systems Market Size, 2016-2021
Figure 7.8 Europe Undersea Warfare Systems Market by Type, 2016-2021
Figure 7.9 Russia Undersea Warfare Systems Market Size, 2016-2021
Figure 7.10 The U.K. Undersea Warfare Systems Market, 2016-2021
Figure 7.11 France Undersea Warfare Systems Market, 2016-2021
Figure 7.12 Germany Undersea Warfare Systems Market Size, 2016-2021
Figure 7.13 Asia-Pacific Undersea Warfare Systems Market Size, 2016-2021
Figure 7.14 Asia-Pacific Undersea Warfare Systems Market by Type, 2016-2021
Figure 7.15 China Undersea Warfare Systems Market Size, 2016-2021
Figure 7.16 India Undersea Warfare Systems Market Size, 2016-2021
Figure 7.17 Japan Undersea Warfare Systems Market Size, 2016-2021
Figure 7.18 South Korea Undersea Warfare Systems Market Size, 2016-2021
Figure 7.19 Rest of the World Undersea Warfare Systems Market Size, 2016-2021
Figure 7.20 Rest of the World Undersea Warfare Systems Market by Type, 2016-2021
Figure 7.21 Middle-East and Africa Undersea Warfare Systems Market, 2016-2021
Figure 7.22 Latin America Undersea Warfare Systems Market, 2016-2021
Figure 8.1 SWOT Analysis – Atlas Elektronik
Figure 8.2 BAE Systems Plc. – Overall Financials, 2014-2016
Figure 8.3 BAE Systems Plc. –Revenue by Business Segment, 2014-2016
Figure 8.4 BAE Systems Plc. –Revenue by Region, 2014-2016
Figure 8.5 SWOT Analysis – BAE Systems Plc.
Figure 8.6 Boeing – Overall Financials, 2014-2016
Figure 8.7 Boeing– Revenue by Business Segment, 2014-2016
Figure 8.8 Boeing– Revenue by Region, 2014-2016
Figure 8.9 SWOT Analysis – Boeing
Figure 8.10 ECA Group Products & Services
Figure 8.11 ECA Group – Overall Financials, 2014-2016
Figure 8.12 ECA Group –Revenue by Business Segment, 2014-2016
Figure 8.13 SWOT Analysis – ECA Group
Figure 8.14 General Dynamics– Overall Financials, 2014-2016
Figure 8.15 General Dynamics –Revenue by Business Segment, 2014-2016
Figure 8.16 General Dynamics –Revenue by Region, 2014-2016
Figure 8.17 SWOT Analysis – General Dynamics
Figure 8.18 Harris Corporation – Overall Financials, 2014-2016
Figure 8.19 Harris Corporation –Revenue by Business Segment, 2014-2016 ($Million)
Figure 8.20 Harris Corporation –Revenue by End-User, 2014-2016
Figure 8.21 Company Sponsored Research and Development
Figure 8.22 SWOT Analysis – Harris Corporation
Figure 8.23 Kongsberg Gruppen– Overall Financials, 2014-2016
Figure 8.24 Kongsberg Gruppen –Revenue by Business Segment, 2014-2016
Figure 8.25 Kongsberg Gruppen –Revenue by Region, 2014-2016
Figure 8.26 SWOT Analysis – Kongsberg Gruppen
Figure 8.27 Leonardo-Underwater System
Figure 8.28 Leonardo DRS– Overall Financials, 2014-2016
Figure 8.29 Leonardo DRS –Revenue by Business Segment, 2014-2016
Figure 8.30 Leonardo DRS –Revenue by Region, 2014-2016
Figure 8.31 SWOT Analysis – Leonardo DRS
Figure 8.32 Lockheed Martin Corporation– Overall Financials, 2014-2016
Figure 8.33 Lockheed Martin Corporation –Revenue by Business Segment, 2014-2016
Figure 8.34 Lockheed Martin Corporation –Revenue by End-User, 2014-2016
Figure 8.35 SWOT Analysis – Lockheed Martin
Figure 8.36 Northrop Grumman– Overall Financials, 2014-2016
Figure 8.37 Northrop Grumman –Revenue by Business Segment, 2014-2016
Figure 8.38 Northrop Grumman –Revenue by End-User, 2014-2016
Figure 8.39 SWOT Analysis – Northrop Grumman
Figure 8.40 Raytheon Inc.– Overall Financials, 2014-2016
Figure 8.41 Raytheon Inc. –Revenue by Business Segment, 2014-2016
Figure 8.42 Raytheon Inc. –Revenue by Region, 2014-2016
Figure 8.43 SWOT Analysis – Raytheon Inc.
Figure 8.44 SAES-Defense Systems
Figure 8.45 SWOT Analysis – S.A. de Electronica Submarina (SAES)
Figure 8.46 Saab– Overall Financials, 2014-2016
Figure 8.47 Saab–Revenue by Business Segment, 2014-2016
Figure 8.48 Saab–Revenue by Region, 2014-2016
Figure 8.49 SWOT Analysis – Saab
Figure 8.50 Thales Group – Overall Financials, 2014-2016
Figure 8.51 Thales Group –Revenue by Business Segment, 2014-2016
Figure 8.52 Thales Group –Revenue by Region, 2014-2016
Figure 8.53 SWOT Analysis – Thales Group
Figure 8.54 Ultra Electronics – Overall Financials, 2014-2016
Figure 8.55 Ultra Electronics –Revenue by Business Segment, 2014-2016
Figure 8.56 Ultra Electronics –Revenue by Region, 2014-2016
Figure 8.57 SWOT Analysis – Ultra Electronics
The underwater environment presents several security challenges to the defense forces due to the presence of undersea threats in the form of unidentified lethal submarines, undersea weapons and sea mines, among others. Therefore, it gives rise to the development and procurement of the undersea warfare systems by various nations in order to counter any underwater threat. The Undersea warfare systems proves to be beneficial for strengthening the country’s naval power. Some of the major undersea warfare systems includes weapons and countermeasures, sensors and sonars, communication systems, unmanned systems, and airborne detection systems. Manufacturers have made various developments, in the field of the undersea warfare systems. The manufacturers are also collaborating with other companies in order to geographically expand their product offerings across different regions of the globe. Furthermore, the manufacturers have received various contracts from the naval forces of different nations for the procurement of specific undersea warfare systems.
There has been increasing tensions among various nations due to rising wars and conflicts. Therefore, several countries across the globe are putting their efforts to strengthen their military capabilities by increasing their defense spending on military products and equipment. This also includes the budget for undersea warfare systems to encounter any arising underwater threats from enemy submarines and underwater weapons attacks. As a result, various nations are procuring submarines and anti-submarine warfare frigates which further increases the demand for undersea warfare systems which are required for these platforms in support of carrying out their operations. Therefore, the rising defense spending is one of the biggest driver that is impacting the growth of the global undersea warfare systems market.
The global undersea warfare systems market is expected to reach over $11,393.6 million by 2021. Owing to the rising defense spending to strengthen the country’s military capabilities for encountering any kind of enemy attacks, including the threats from underwater attacks, the global undersea warfare systems market is expected to grow significantly at a CAGR of 6.6% during the forecast period 2017-2021. The global undersea warfare systems market majorly focuses on the types that include weapons & countermeasures, unmanned underwater systems, sensors & sonars, communication systems, and airborne detection systems. The weapons and countermeasures acquired the highest market share, in 2017 and is estimated to continue its dominance till 2021. The reason for such strong market share is attributed to the high cost of weapon and countermeasure systems as compared with the other undersea warfare systems. However, the market of the unmanned underwater systems is estimated to grow with the highest CAGR, during the forecast period 2017-2021 due to the advancements in the underwater technologies.
North America is expected to dominate the global undersea warfare systems market, however, Asia-Pacific is expected to grow with the highest CAGR, during 2016-2021. ATLAS ELEKTRONIK GmbH, BAE Systems plc., ECA Group, General Dynamics, Harris Corporation, Kongsberg Gruppen, Leonardo, Lockheed Martin, Northrop Grumman, Raytheon Company, S.A. de Electronica Submarina (SAES), Saab AB, Thales Group, Boeing and Ultra Electronics, among others are the major players of the global undersea warfare systems market.
The U.S. is the most prominent nation in North America followed by Canada for the growth of the global undersea warfare systems market. The increased demand for undersea warfare systems in the U.S. is due to its high defense spending. Europe is another leading region for further enhancing and deploying the undersea warfare systems. Some of the prominent countries in the European region include the U.K., Germany, France, and Russia. In addition, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period 2017-2021. Some of the prominent nations in Asia-Pacific region include China, Japan, India, and South Korea. The rising demand is result of growing conflicts among nations due to disagreements over the South China Sea across Asia-Pacific region. Furthermore, rest of the countries in Asia-Pacific region are expected to display the increasing growth rate in the global undersea warfare systems market. The Asia-Pacific region could provide a lot more opportunities to the new entrants in the market. The rest of the world includes Middle-East, Africa and Latin America: the region is estimated to have a significant growth rate for the global undersea warfare systems market during the forecast period 2017-2021.
North America
U.S.
Canada
Europe
Russia
U.K.
France
Germany
Asia Pacific
China
India
Japan
South Korea
Rest of the World
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According to a new market intelligence report by BIS Research titled "Global Undersea Warfare Systems Market, Analysis & Forecast, 2017 - 2021", the undersea warfare systems market is expected to reach $11.4 billion by 2021. The underwater environment presents several security challenges to the defense forces due to the presence of undersea threats in the form of unidentified lethal submarines, undersea weapons and sea mines, among others. This gives rise to the development and procurement of the undersea warfare systems by various nations to counter the growing underwater threats. The Undersea warfare systems proves to be beneficial for strengthening the country’s naval power. Some of the major undersea warfare systems include weapons and countermeasures, sensors and sonars, communication systems, unmanned systems, and airborne detection systems. There have been several developments, by the manufacturers, in the field of the undersea warfare systems. The manufacturers are also collaborating with other companies to geographically expand their product offerings across different regions of the globe. Furthermore, the manufacturers have received various contracts from the naval forces of different nations for the procurement of the specific undersea warfare systems.
There has been increasing tensions among various nations due to rising wars and conflicts. Therefore, several countries across the globe are putting efforts to strengthen their military capabilities by increasing their defense spending on military products and equipment. This also includes the budget for undersea warfare systems to encounter any arising underwater threats from enemy submarines and underwater weapons attacks. As a result, various nations are procuring submarines and anti-submarine warfare frigates which further increases the demand for undersea warfare systems which are required for these platforms in support of carrying out their operations. Therefore, the rising defense spending is one of the biggest drivers that is impacting the growth of the global undersea warfare systems market. According to BIS Research analysis, the global undersea warfare systems market was estimated to be around $8.3 billion in 2016.
In addition, improvements in the underwater technology could become one of the greatest advantages for the market growth. The increasing technological developments in the airborne detection systems is another factor that could impact the demand for the undersea warfare systems. Moreover, there are large number of companies that are continuously investing in further enhancing the advanced undersea warfare systems for stronger underwater security requirements. Some of the leading manufacturers of undersea warfare systems include ATLAS ELEKTRONIK GmbH, BAE Systems plc., ECA Group, General Dynamics, Harris Corporation, Kongsberg Gruppen, Leonardo, Lockheed Martin, Northrop Grumman, Raytheon Company, S.A. de Electronica Submarina (SAES), Saab AB, Thales Group, Boeing, and Ultra Electronics.
The global undersea warfare systems market is categorized on the basis of types that include weapons & countermeasures, unmanned underwater systems, sensors & sonars, communication systems, and airborne detection systems. The weapons and countermeasures market generated the highest revenue, in 2017 and this trend is expected to continue till 2021. However, the unmanned underwater systems market is estimated to grow at the highest CAGR, during 2016-2021 due to its dynamic applications including anti-submarine warfare and mine-countermeasures, among others.
According to Sneha Rawal, analyst at BIS Research, “North America is one of the prominent regions for the growth of the global undersea warfare systems market. In 2016, North America dominated the global undersea warfare systems market with the U.S. acquiring the maximum market share, globally. However, the geographical analysis of this market unveils an immense potential for its growth in the Asia-Pacific countries. China is estimated to acquire the largest market share, whereas, India is expected to show the highest growth rate in this region, during 2016-2021. The European market is likely to foresee numerous growth opportunities during the forecast period 2017-2021. The increasing demand as a consequence of wars and conflicts across the world is expected to increase the requirement of the advanced undersea warfare systems and is likely to propel the growth of the global undersea warfare systems market in the future.”
The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and technological developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financial summary and SWOT analysis. The overall market has been segmented by types, namely: weapons & countermeasures, the unmanned underwater systems, sensors & sonars, communication systems, and airborne detection systems. The report also includes a comprehensive section on the geographical analysis including country analysis for more than 10 different countries.
This report is a meticulous compilation of research on more than 50 players in the undersea warfare systems ecosystem and draws upon the insights from in-depth interviews with the key opinion leaders of the leading companies, market participants, and vendors. The report has profiles of around 15 companies which are ATLAS ELEKTRONIK GmbH, BAE Systems plc., ECA Group, General Dynamics, Harris Corporation, Kongsberg Gruppen, Leonardo, Lockheed Martin, Northrop Grumman, Raytheon Company, S.A. de Electronica Submarina (SAES), Saab AB, Thales Group, Boeing, and Ultra Electronics.
Key questions answered in the report:
• What are the trends in the global undersea warfare systems market across different regions?
• What are the major driving forces that tend to increase the demand for the undersea warfare systems during the forecast period 2017-2021?
• What are the major challenges inhibiting the growth of the global undersea warfare systems market?
• What is the estimated revenue generated by the global undersea warfare systems market by type in 2016, and what will be the estimates by 2021?
• Which type (weapons & countermeasures, unmanned underwater systems, sensors & sonars, communication systems and airborne detection systems) of the undersea warfare systems market will dominate in the coming years?
• What is the total estimated revenue generated by each type for different regions in the global undersea warfare systems market in 2016, and what will be the estimates by 2021?
• Who are the key players in the global undersea warfare systems market?
• What are the new strategies adopted by the existing market players to make a mark in the industry?
• What major opportunities do the undersea warfare systems companies foresee?
• What is the total market share of the leading players in the global undersea warfare systems market?

Atlas Elektronik Gmbh
BAE Systems plc.
Boeing
ECA Group
Harris Corporation
Kongsberg Gruppen
Leonardo DRS
Lockheed Martin Corporation
Northrop Grumman
Raytheon Inc.
S.A. de Electronica Submarina (SAES)
Saab
Ultra-Electronics
The Global Undersea Warfare Systems Market is Anticipated to Reach $11.4 Billion by 2021, Reports BIS Research