According to a new report published by Allied Market Research, titled, โUndersea Warfare Systems Market,” The undersea warfare systems market was valued at $15.8 billion in 2021, and is estimated to reach $24.8 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/13861
The different mode of operations for undersea warfare systems include manned operations, autonomous operations, and remote operations. The remote operations segment is expected to grow at the highest rate during the forecast period. Remotely operated systems are used for undersea observation, surveillance, mine warfare, and payload delivery. Several companies are developing and testing remote undersea warfare systems to increase operational capabilities.ย
For instance, in March 2022, RE2 Robotics Inc. announced that its maritime mine neutralization system (M2NS) reached โunprecedentedโ depth of more than 1 km during open-water demonstration for U.S. Navyโs Office of Naval Research. M2NS is composed of RE2 Sapien Sea Class robot arms mounted onto VideoRayโs Defender inspection-class remotely operated vehicle (ROV). It further utilizes RE2 Detect and RE2 Intellect to enable the precise, autonomous, and clandestine neutralization of a target.
Covid-19 scenario-
- The outbreak of the pandemic gave way to delayed development of undersea warfare systems and slowdown in their trials & demonstration. This, in turn, impacted the global undersea warfare systems market.
- However, with the relaxation of lockdown measures, initiation of vaccination drives, and the consequent opening of markets across the world, the market has already started getting back on track.
๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐๐ฒ๐ฑ ๐๐ผ ๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐? ๐๐ป๐พ๐๐ถ๐ฟ๐ฒ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐๐๐ถ๐ป๐ด – https://www.alliedmarketresearch.com/purchase-enquiry/13861
Based onย application, theย global undersea warfare systems marketย is segregatedย into combat, C4ISR, and others. Navies across the globe are upgrading their undersea combat capabilities through numerous contracts from government and military organizations. For instance, in February 2022, the U.S. Navy awarded a $59.5 million contract to Lockheed Martin Corporation to provide anti-submarine warfare (ASW) and torpedo systems for surface warships for the U.S. Navy.ย ย
The significant factors impacting the growth of the undersea warfare systems market include increase in demand for stealth undersea warfare systems, surge in adoption of underwater drones for undersea warfare, and government support & investments for strengthening undersea warfare capabilities. Moreover, the market growth is affected by high upfront and operational costs of attack submarines, and operational complexities associated with undersea unmanned systems. In addition, increase in initiatives for development of lightweight torpedoes and rise in global defense spending influence the market growth.
Key players operating in theย global undersea warfare systems marketย include BAE Systems Plc., General Dynamic Corporation, Kongsberg Gruppen, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group.
KEY FINDINGS OF THE STUDY
- By type, the communication and surveillance systems segment is anticipated to exhibit significant growth in the near future.
- By mode of operation, the remote operations segment is anticipated to exhibit significant growth in the near future.
- By application, the C4ISR segment is anticipated to exhibit significant growth in the near future.
- By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐: https://www.alliedmarketresearch.com/undersea-warfare-systems-market/purchase-options