Global Submarine AIP System Market Inclined to Deliver Positive Growth Results until 2027

Fact.MR published a report on the submarine AIP system market for the forecast period of 2019 to 2027. The primary objective of this report is to offer insights on demand generators, technological advancement, and global market scenario in submarine AIP system. Also, the study on the submarine AIP system market provides key dynamics that are anticipated to diversify sales and future prominence of submarine AIP system during the forecast period. The demand for submarine AIP system has increased significantly in the past few years, and is likely to maintain same over the forecast period.

Among all the research and development activities relevant to submarines, the search for satisfactory and effective forms of underwater propulsion has been continuously carried out without any reduction in intensity. The earliest submarines were man-powered with hand-cranked propellers, which remained highly susceptible to dangerous and fatal accidents. Such instances laid the foundational pillars for submarine AIP (air-independent propulsion) systems and drove their adoption at a significant rate across the globe. With time, submarine AIP systems gained the status of being a core element behind the flexibility of submarines. Against a backdrop of the ever-evolving security demands, the submarine AIP market will spectate bespoke innovations aimed at different features such as maximizing strategic values, improving the performance, and enhancing operational efficiency.

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With AIP system becoming an important part of new-age submarine designs, end users are on the lookout for AIP-equipped submarines, and are willing to invest in same. AIP equipped submarines are always silent, with the only noise generated by propeller, shaft bearings, and the hull, which gives them a differential advantage over other conventional propulsion technologies. Across the globe during the forecast period, growing demand for high submerged periods and cost-efficiency are driving the adoption of AIP-equipped submarines, marking new opportunities for the operating market players in submarine AIP system. On other hand, the increased funding in defense sector by governments across the globe is expected to play an important role in growth of the submarine AIP system market. Majority of countries in the defense and submarine industry are automating a variety of processes, which will positively impact the growth of the submarine AIP system market, during the forecast period. The defense revenue is anticipated to show continuous growth during the forecast period owing to the tension between different countries such as India and Pakistan, China and Iran, and improved but continuing tense relationship with North Korea.

In addition, the high cost of nuclear submarines as compared to AIP equipped submarines may increase the traction of the purchase of submarine AIP system for strengthening their naval capability and thus, indirectly driving the submarine AIP system market. The rising need to provide naval forces with increased capabilities related to maritime security is expected to increase the demand for submarine AIP system. Furthermore, the modernization and up gradation of naval fleets across the globe is also expected to drive the submarine AIP system market during the forecast period. On the other hand, the submarine AIP system market growth has a threat associated with the switch towards nuclear power submarines, due to their long battery life and this threat is expected to increase during the forecast period.

Focus on Second-Generation AIP Systems a Booming Trend

Among all the key trends influencing the growth of the submarine AIP system market, increasing focus on second generation submarine AIP systems remains a prominent one. With AIP systems promising the best of underwater endurance for submarines, the second-generation AIP systems are further likely to take endurance levels a notch higher, adding to the overall efficiency and functionality of the submarines. All the diesel-electric submarines have faced the brunt of unexpected attacks as they come to the surface or snorkel to recharge batteries. However, the debut of second-generation AIP systems is likely to rewrite the rules of submarines’ versatility underwater, further lighting the way for new developments to make their way in the submarine AIP system landscape.

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Investment in Research and Development Activities Key Strategy of Market Players

Globally, the market players operating in the submarine AIP system market have high focus on research and development activities to develop new solutions and obtain competitive advantages. Players focus on development of high tech solutions for addressing challenges faced by navies and improving their operational capacities. The operating players’ innovation is mainly focused on providing submarines with technologies that increases their operating performance. For example, in the year 2019, one of the key players operating in submarine AIP system market, Saab AB announced that it will open a new innovation Centre in the UK to conduct research and development projects. In addition, to strengthen the company’s position in the market the operating players are applying different strategies such as signing the contracts/agreements, collaborations, acquisitions, mergers, etc. For example, in 2018, Kongsberg Gruppen ASA and Wilhelmsen signed a contract for autonomous shipping. Furthermore, in 2019, Kongsberg Gruppen ASA, acquired Rolls-Royce’s commercial marine business. On other hand, the presence of key organized players operating at the same level of product quality and same price range have created ample opportunities for new entrants in the submarine AIP system market. Owing to increased opportunities, the number of new entrants in the submarine AIP system market is expected to increase during the forecast period as many countries are currently concerned about the safety of their naval borders.