Top 5 Vendors in the Global Submarine Payload and Launch Systems from 2016 to 2020, According to Technavio
Technavio has announced the top five leading vendors in their recent global
submarine payload and launch systems 2016-2020 report.
This research report also lists five other prominent vendors that are
expected to impact the market during the forecast period.
The emergence of advanced undersea warfare technologies is a major trend
in the market. The defense strategies of most countries
rely significantly on their undersea warfare. Stealth submarines and
UUVs have emerged as the most viable means of gathering intelligence.
Therefore, undersea warfare is an important element of current and
future military operational plans. APAC has the fastest projected growth
and is likely to grow at a CAGR of 7.75% during the forecast period.
China, India, Japan, and Korea are the major countries that are making
extensive investments in submarines in the region.
Competitive vendor landscape
According to the report, factors such as the global economic recovery,
the growth in the defense sector, and increase in R&D investments have
opened up opportunities for defense vendors to compete and grow.
The global submarine payload and launch systems market is highly
competitive, and vendors compete on the basis of cost, product quality,
reliability, and aftermarket service. It is crucial for vendors to
provide cost-effective and high-quality payloads and launch systems for
submarines, equipped with the latest technologies, in order to survive
and succeed in an intensely competitive market environment.
The growth of the market vendors is dependent on the market conditions,
government support, and industry development. According to Arushi
Thakur, an industry expert for defense
research at Technavio, “Vendors should focus on expanding
geographically and improving their product offering to achieve
sustainable growth. Their focus must lie on the implementation of
lightweight materials, electric technologies, and robust systems.”
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Technavio aerospace
and defense research analysts have identified the
following key vendors:
BAE Systems
BAE Systems was founded in 1999 followed by a merger between the defense
arm of General Electric, Marconi Electronic Systems, and British
Aerospace. It operates in 40 countries globally and is headquartered in
London, UK.
The company, through its maritime submarines business, operates as a
sole provider of submarine manufacture services for the Royal Navy of
the UK. It manufactures and supplies both conventional and
nuclear-powered submarines. It engages in the design and manufacture
programs designated to the Astute-class Submarines and Successor
nuclear-deterrent submarines.
Daewoo Shipbuilding and Marine Engineering (DSME)
DSME was incorporated in 2000 and is headquartered in Seoul, South
Korea. It engages in the manufacture and sales of ships and submarines
globally
The company engages in numerous turnkey projects covering manufacture
and supply of submarines, auxiliary ships, and destroyers for naval
forces.
General Dynamics
General Dynamics was incorporated in 1952 and is headquartered in Falls
Church, Virginia, US. The company, along with its subsidiaries, engages
in aerospace and defense businesses globally.
General Dynamics Electric Boat operates as a subsidiary of a US-based
aerospace and defense company, General Dynamics. It primarily engages in
the provision of design, construction, and life cycle support services
of submarines for the US Navy. The company manufactures and supplies
submarines primarily to the US Navy. It is one of the prime contractors
for the Virginia-class submarine program.
Lockheed Martin
Lockheed Martin was established in 1995 and is headquartered in
Bethesda, Maryland, US. It engages in the production, supply, and R&D of
advanced technology systems, products, and services to global defense
and aerospace industries.
Lockheed Martin has supported the US Navy’s submarine program by
bringing integrated solutions to complex systems including navigation,
sonar, and communications.
Northrop Grumman
Northrop Grumman was established in 1939 and is headquartered in Falls
Church, Virginia, US. The company provides systems, products, and
solutions focusing on aerospace, electronics, information systems, and
technical services to the government and commercial customers across the
globe.
The company designs, develops, and produces communication systems,
sensors, signal processing, and electronic
warfare systems to counter the increasingly sophisticated
sea-based threats. Northrop Grumman also provides launch systems for the
submarines, and its eject launch technology has powered over 7,000
successful launches.
Other prominent vendors:
Fincantieri
Fincantieri was founded in December 1959 and is headquartered in
Trieste, Italy. The company designs and builds a wide range of
submarines. It also develops torpedoes and anti-ship missiles.
Huntington Ingalls Industries
Huntington Ingalls Industries was incorporated in 2010 and is
headquartered in Newport News, Virginia, US. It engages in the
manufacture, overhaul, and repair of ships primarily for the US Navy and
the US Coast Guard. It provides attack submarines such as Los
Angeles-class and Seawolf class.
Kawasaki Heavy Industries
Kawasaki Heavy Industries was incorporated in 1896, and it operates dual
headquarters in Kobe and Tokyo in Japan. The company's shipbuilding
subsidiary Kawasaki Shipbuilding provides specialized commercial vessels
such as liquefied
natural gas and liquefied petroleum gas carriers, oil tankers,
bulk carriers, container ships, as well as high-speed passenger
jetfoils. It also manufactures and supplies submarines for military
applications. It has provided over 80 submarines globally.
Raytheon
Raytheon was founded in 1922 and is headquartered in Massachusetts, US.
The company develops technologically integrated products, services, and
solutions for sensing; command, control, communications, and
intelligence; mission support; and cyber and information security.
Thales
Thales was founded in 1893 and is headquartered in Paris, France. It
offers modernization and upgrade services; retrofit services; and
repair, maintenance, and upgrade of submarine payloads. It also provides
navigation, communications, and identification systems; missile defense
systems; and semiconductors.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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