Anti-Submarine Warfare Systems Market Forecasts to 2030 – Global Analysis By Type (Helicopters, Maritime Patrol Aircraft, Submarines, Surface Ships, Unmanned Systems and Other Types), Technology, End User and By Geography

Anti-Submarine Warfare Systems Market Forecasts to 2030 – Global Analysis By Type (Helicopters, Maritime Patrol Aircraft, Submarines, Surface Ships, Unmanned Systems and Other Types), Technology, End User and By Geography

According to Stratistics MRC, the Global Anti-Submarine Warfare Systems Market is accounted for $17.70 billion in 2023 and is expected to reach $27.51 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Anti-Submarine Warfare (ASW) Systems encompass a range of technologies and tactics designed to detect, track, and neutralize enemy submarines. These systems often include sonar arrays, passive and active acoustic sensors, underwater drones, and specialized aircraft equipped with magnetic anomaly detectors or sonobuoys.

Market Dynamics:

Driver:

Growing maritime trade

As global commerce continues to expand, maritime routes become increasingly congested with commercial vessels transporting goods, energy resources, and raw materials across oceans. Consequently, there is a growing demand for advanced ASW technologies capable of detecting and neutralizing submarine threats in congested and dynamic maritime environments. Furthermore, navies around the world recognize the critical role of ASW systems in securing maritime trade routes and protecting economic interests, thereby propelling the market.

Restraint:

High cost

The maintenance and lifecycle costs of ASW systems contribute to their overall expense, as ongoing upgrades and repairs are necessary to ensure optimal performance. The complexity of ASW systems amplifies costs, as specialized training and expertise are required for their operation and maintenance. Furthermore, the high costs associated with ASW systems pose a barrier to entry for many potential buyers, particularly those with smaller defense budgets, thereby hampering market growth.

Opportunity:

Technological advancements

Advances in sensor technology, signal processing, and artificial intelligence have revolutionized ASW operations, enabling more precise detection, tracking, and engagement of hostile submarines. Furthermore, advancements in communication and networking technologies facilitate real-time information sharing and coordination. Continued investment in research and development drives technological innovation in the ASW Systems market.

Threat:

Limited international collaboration

The lack of cooperation limits access to cutting-edge technologies and best practices, slowing down innovation and progress in the field of ASW. Restricted information sharing and interoperability challenges arise when nations operate disparate ASW systems. However, political tensions, conflicting interests, and strategic rivalries can impede collaboration between countries, hindering the exchange of technology, expertise, and intelligence necessary for enhancing ASW systems.

Covid-19 Impact

The COVID-19 pandemic has had several negative impacts on the anti-submarine warfare (ASW) systems market, disrupting supply chains, delaying procurement programs, and impacting defense budgets worldwide. Additionally, travel restrictions and lockdown measures hindered international collaboration and inhibited the deployment of ASW technology in various regions, impeding market growth.

The Submarines segment is expected to be the largest during the forecast period

The Submarines segment is estimated to hold the largest share, due to the development, procurement, and deployment of technologies and platforms specifically designed to detect, track, and engage enemy submarines. It encompasses a wide array of products and services tailored to address the unique challenges posed by underwater threats in naval warfare. Moreover, the submarine segment involves the integration of various weapon systems, which is propelling this segment’s growth.

The torpedo countermeasures segment is expected to have the highest CAGR during the forecast period

The torpedo countermeasures segment is anticipated to have highest CAGR during the forecast period due to a range of defensive measures aimed at protecting naval assets from torpedo attacks. Key components of torpedo countermeasures systems include torpedo decoys, which are expendable devices deployed to divert incoming torpedoes away from the intended target. Furthermore, advanced torpedo detection systems play a crucial role in the early detection and tracking of torpedoes, which is boosting this segment’s expansion.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to geopolitical tensions, maritime territorial disputes, and the modernization efforts of regional naval forces. Key players in the Asia Pacific market include major defense contractors, such as Japan, South Korea, China, and India, which are actively investing in the development and acquisition of advanced ASW technologies. Moreover, these investments encompass a wide range of solutions, which are driving this region’s size.

Region with highest CAGR:

Europe is expected to witness highest CAGR over the projection period, owing to a combination of regional security concerns, NATO obligations, and advancements in maritime defense capabilities. European defense consortia, such as Leonardo, Thales, BAE Systems, and Saab, are at the forefront of innovation in ASW technologies, leveraging expertise in sensors, communications, and underwater warfare systems. Additionally, these countries lead the development of advanced ASW platforms, thereby boosting the growth of this region.

Key players in the market

Some of the key players in the Anti-Submarine Warfare Systems Market include Lockheed Martin, Northrop Grumman, BAE Systems, Elbit Systems, Safran SA, Raytheon Technologies, Terma A/S, Roketsan, Thales Group, DSIT Solutions, Saab AB, Kongsberg Gruppen, General Dynamics and L3Harris Technologies.

Key Developments:

In March 2024, Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), has signed a contract with the Italian space agency (ASI) to develop the communications subsystem for the innovative International Mars Ice Mapper (I-MIM) mission.

In March 2024, Thales has expanded its partnership with Neural Labs, a company which provides video analysis for Smart Cities and AI-based Intelligent Transportation Systems (ITS), to enable secure, efficient, and practical solutions for vehicle access control and logistical planning.

In March 2024, Northrop Grumman Corporation is partnering with Palantir USG, Inc. on the newly awarded Tactical Intelligence Targeting Access Node (TITAN) ground system for the U.S. Army.

Types Covered:
• Helicopters
• Maritime Patrol Aircraft
• Submarines
• Surface Ships
• Unmanned Systems
• Other Types

Technologies Covered:
• Torpedo Countermeasures
• Active Sonar Systems
• Anti-submarine Warfare Sensors
• Passive Sonar Systems
• Other Technologies

End Users Covered:
• Naval Forces
• Aerospace and Defense Contractors
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements