Global Submarine AIP (Air Independent Propulsion) Systems Market: Industrial Analysis and Forecast (2020-2026), By Type and Region

Global Submarine AIP Systems Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of 3.8% during the forecast period.

Global Submarine AIP Systems Market Introduction

Air-independent propulsion (AIP) is a specialized maritime technology that allows submarines to surface for oxygen combustion less frequently than conventional submarines. The submarine AIP system allows older submarines and newer nuclear-powered submarines to replace their diesel-electric propulsion systems, reducing their reliance on surface oxygen to recharge their batteries. Nuclear propulsion systems are likely to be in high demand in the future, thanks to rising investments in nuclear-powered submarines.

Global Submarine AIP Systems Market Dynamics

End users are on the hunt for AIP-equipped submarines and are willing to invest in them, as the AIP system has become an integral feature of new-age submarine designs. Submarines outfitted with AIP are always silent, with only the propeller, shaft bearings, and the hull producing noise, giving them a distinct edge over other traditional propulsion methods. Increasing need for long submerged periods and cost-efficiency are pushing the adoption of AIP-equipped submarines around the world throughout the forecast period, presenting new chances for submarine AIP system operating market participants. The rising financing in the defense industry by governments throughout the world, on the other hand, is predicted to play a significant role in the expansion of the submarine AIP system market. During the projection period, the majority of countries in the military and submarine industries are automating a range of operations, which would favorably impact the growth of the submarine AIP system market. In addition, the ageing fleet of older generation submarines has driven modernization plans to replace them with newer generation submarines that have improved combat systems and stealth capabilities. For example, France has six Barracuda-class nuclear-powered attack submarines on order, while the Polish government expects to receive three submarines over the forecast period. During the forecast period, such contracts are expected to drive demand for new submarine propulsion systems. Currently, governments' plans to replace existing submarine propulsion systems with Submarine AIP Systems are expected to propel the market even higher. One of the most important trends impacting the growth of the submarine AIP system market is the increased focus on second-generation submarine AIP Systems. With Submarine AIP Systems offering the best underwater endurance for submarines, the second-generation Submarine AIP Systems is projected to increase endurance even more, improving the submarine's total efficiency and functionality. As they come to the surface or snorkel to recharge their batteries, all diesel-electric submarines have been prone to unexpected attacks. The introduction of second-generation AIP Systems, on the other hand, is expected to rewrite the rules of submarine adaptability underwater, paving the door for new advancements in the submarine AIP system landscape.

Global Submarine AIP Systems Market Segment Analysis

With increased attention being paid to greenhouse gas emissions resulting from using fossil fuels for marine transportation, particularly dirty bunker fuel for the latter, and the good safety record of nuclear-powered ships, it is highly possible that renewed interest in marine nuclear propulsion may emerge. With a renewed focus on hydrogen or ammonia-powered ships, nuclear power could play a role in supplying the hydrogen. The US nuclear fleet has a good safety record, which can be attributed to a high level of standardization in naval power plants and their maintenance, as well as the Navy's high-quality training program. AIP has a force multiplier impact on a diesel-electric submarine's lethality since it increases the boat's submerged endurance by many folds. When compared to other technologies, fuel cell-based AIP has advantages in terms of performance. While other types of AIP systems are being studied around the world, NMRL's fuel cell-based AIP is unique in that the hydrogen is created onboard. For instance, the fuel cell-based Air Independent Propulsion System developed by the DRDO has passed user-specific tests. By demonstrating the land-based prototype, the Defense Research and Development Organization (DRDO) has reached a significant milestone in the development of the Air Independent Propulsion (AIP) System. According to the user's needs, the plant was operated in endurance and peak power modes. DRDO's Naval Materials Research Laboratory (NMRL) is developing the system. With the assistance of industry partners L&T and Thermax, the technology has been successfully developed. It has now matured to the point where it can be fitted into target boats. Global Submarine AIP Systems Market To know about the Research Methodology :- Request Free Sample Report

Global Submarine AIP Systems Market Regional Insights

Global Submarine AIP Systems Market The Asia Pacific and Europe accounts for 75 to 80% of the global market share for submarine AIP systems. Asia Pacific is the most important region for submarine AIP systems, and it is expected to dominate the worldwide market over the forecast period. During the forecast period, the market for Asia Pacific submarine AIP systems is expected to grow at a CAGR of XX%, representing a total incremental value of US$ 19.3 million in terms of revenue. One of the primary elements driving the growth of the submarine AIP system market is increased defense spending. Huge investments in the regional military sector are paving the way for the deployment of AIP-equipped submarines, resulting in new revenue prospects for submarine AIP system operators. Following Asia Pacific region, Europe accounts for over 30% of global submarine AIP system market share, with a CAGR of about xx%, representing a total incremental opportunity of roughly US$ 10 million in value over the forecast period. High defense spending and a growing end-user focus on purchasing AIP equipped submarines are two major factors driving the deployment of the submarine AIP system in European naval forces. On the other hand, over the forecast period, regions such as the Americas and the Middle East and Africa are estimated to account for nearly xx% and xx% share of global submarine AIP system market, respectively.

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Global Submarine AIP Systems Market

Global Submarine AIP Systems Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global Submarine AIP Systems Market Key Players

• Rolls Royce plc • Naval Group • Thyssenkrupp AG • Siemens AG • General Dynamics Corporation • Saab AB • China Shipbuilding Industry Co., Ltd • UTC Aerospace Systems • Lockheed Martin Corporation • Kongsberg Gruppen ASA • United Shipbuilding Corporation • DCNS • UTC • Navantia • Avolon Aerospace
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Submarine AIP Systems Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Submarine AIP Systems Market 3.4. Geographical Snapshot of the Global Submarine AIP Systems Market, By Manufacturer share 4. Global Submarine AIP Systems Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Submarine AIP Systems Market 5. Supply Side and Demand Side Indicators 6. Global Submarine AIP Systems Market Analysis and Forecast, 2019-2026 6.1. Global Submarine AIP Systems Market Size & Y-o-Y Growth Analysis. 7. Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 7.1.1.1. Nuclear Propulsion Systems 7.1.1.2. Diesel-electric Propulsion Systems 7.1.1.3. Air Independent Propulsion Systems 8. Global Submarine AIP Systems Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 9.1.1.1. Nuclear Propulsion Systems 9.1.1.2. Diesel-electric Propulsion Systems 9.1.1.3. Air Independent Propulsion Systems 10. North America Global Submarine AIP Systems Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 12. Canada Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 13. Mexico Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 14. Europe Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 15. Europe Global Submarine AIP Systems Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 17. France Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 18. Germany Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 19. Italy Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 20. Spain Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 21. Sweden Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 22. CIS Countries Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 23. Rest of Europe Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 24. Asia Pacific Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 25. Asia Pacific Global Submarine AIP Systems Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 27. India Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 28. Japan Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 29. South Korea Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 30. Australia Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 31. ASEAN Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 32. Rest of Asia Pacific Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 33. Middle East Africa Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 34. Middle East Africa Global Submarine AIP Systems Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 36. GCC Countries Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 37. Egypt Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 38. Nigeria Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 39. Rest of ME&A Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 40. South America Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 41. South America Global Submarine AIP Systems Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 43. Argentina Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 44. Rest of South America Global Submarine AIP Systems Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Type, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Submarine AIP Systems Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1 Rolls Royce plc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Naval Group 45.3.3. Thyssenkrupp AG 45.3.4. Siemens AG 45.3.5. General Dynamics Corporation 45.3.6. Saab AB 45.3.7. China Shipbuilding Industry Co., Ltd 45.3.8. UTC Aerospace Systems 45.3.9. Lockheed Martin Corporation 45.3.10. Kongsberg Gruppen ASA 45.3.11. United Shipbuilding Corporation 45.3.12. DCNS 45.3.13. UTC 45.3.14. Navantia 45.3.15. Avolon Aerospace 45.3.16. Other Key players 46. Primary Key Insights

About This Report

Report ID102038
Category Engineering Equipment
Published DateMay 2021
Updated Date
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