Underwater Warfare Market

Underwater Warfare Market

Underwater Warfare Market Forecasts to 2030 - Global Analysis By Systems (Weapons Systems, Electronic Warfare Systems and Other Systems), Platform (Surface Ships, Airborne Systems and Other Platforms), Capability and By Geography

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Published: 2024 ID: SMRC25935

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $3.70 BN

Projected Year Value (2030)

US $7.68 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

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

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Underwater Warfare Market is accounted for $3.70 billion in 2023 and is expected to reach $7.68 billion by 2030 growing at a CAGR of 11.0% during the forecast period. Underwater warfare encompasses military operations conducted beneath the surface of the water, primarily in oceans and seas. It involves the use of submarines, torpedoes, mines, and specialized underwater vehicles. Submarines play a central role, capable of stealthily deploying and engaging targets with various weapons systems. Advancements in technology have led to sophisticated underwater communication, navigation, and detection capabilities, making underwater warfare a complex and critical component of modern naval strategies.

Market Dynamics


Modernization programs

Modernization programs drive the underwater warfare market by prompting nations to upgrade their naval capabilities to meet evolving threats and technological advancements. These initiatives spur demand for advanced submarines, sonar systems, torpedoes, and underwater drones equipped with state-of-the-art sensors and communication technologies. As countries seek to maintain maritime superiority, investments in modernization programs become essential for enhancing underwater surveillance, reconnaissance, and combat capabilities. Additionally, the emphasis on stealth and endurance in modern submarines further propels research and development efforts, shaping the landscape of underwater warfare technology.


Limited market size

The limited market size restraint refers to the niche nature of the market, characterized by a relatively small customer base and restricted demand compared to other defense sectors. This constraint arises from the specialized nature of underwater warfare technologies and the high costs associated with their development, procurement, and maintenance. Additionally, the stringent regulatory requirements and geopolitical dynamics further limit the expansion of the market. These results to companies operating in this sector facing challenges in achieving economies of scale and may struggle to sustain profitability.


Underwater warfare training and simulation

With the increasing complexity of underwater threats and the advancement of submarine technologies, there's a growing need for realistic training environments. Simulation technologies offer a cost-effective and safe way to train naval personnel in various scenarios, including anti-submarine warfare, mine countermeasures, and submarine operations. These simulations allow for the replication of diverse underwater conditions and enemy tactics, enhancing strategic preparedness and decision-making skills. Training in simulated environments reduces the risks associated with live exercises while still providing an immersive learning experience. Thus, investing in underwater warfare training and simulation capabilities is imperative for naval forces seeking to maintain a competitive edge in modern maritime conflicts.


Environmental concerns

The underwater warfare market poses significant environmental concerns due to the potential for habitat disruption, marine pollution, and ecosystem damage. Activities such as naval exercises, submarine operations, and the deployment of underwater weapons can disturb marine life, including sensitive habitats like coral reefs and marine mammal breeding grounds. Additionally, the release of pollutants from naval vessels and underwater munitions can contaminate marine environments, leading to long-term ecological harm and affecting the health of marine species

Covid-19 Impact: 

The COVID-19 pandemic has significantly impacted the underwater warfare market, causing disruptions in production, supply chains, and deployment schedules. Lockdown measures have hampered manufacturing operations and delayed the delivery of critical components, affecting the timely completion of naval projects. Additionally, budgetary constraints due to economic downturns have led to a reassessment and reprioritization of defense expenditures, potentially slowing down investments in underwater warfare technology. Travel restrictions and social distancing measures have hindered multinational collaborations and joint exercises, affecting the exchange of expertise and technological advancements in this sector. 

The electronic warfare systems segment is expected to be the largest during the forecast period

The growth of electronic warfare systems can be attributed to advancements in technology, that have led to the development of more sophisticated and effective EWS tailored for underwater applications. These systems provide crucial capabilities such as detection, jamming, and countermeasure against underwater threats, enhancing the overall situational awareness and survivability of naval assets. The increasing complexity of maritime security challenges, including submarine proliferation and unmanned underwater vehicles, has driven demand for more capable EWS solutions. Additionally, the EWS segment is poised for substantial growth as navies seek to address evolving threats in the underwater domain with advanced electronic countermeasures and defensive capabilities.

The C4ISR segment is expected to have the highest CAGR during the forecast period

The growth of the C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) segment can be attributed to enhanced underwater surveillance capabilities, enabling more effective monitoring of maritime environments. Moreover, the integration of artificial intelligence and machine learning algorithms into C4ISR systems has bolstered their ability to analyze vast amounts of data in real-time, improving situational awareness and decision-making processes. Furthermore, the proliferation of unmanned underwater vehicles (UUVs) has created a demand for robust communication and networking infrastructure within C4ISR frameworks to enable seamless coordination between manned and unmanned assets. 

Region with largest share:

The North American region has experienced significant growth in the underwater warfare market a heightened focus on maritime security and defense, particularly in light of emerging threats and geopolitical tensions. Advancements in technology, such as sonar systems, have fueled innovation and investment in the sector. Additionally, North America boasts a robust defense industry with strong research and development capabilities, driving the development of cutting-edge underwater warfare solutions. 

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth in the underwater warfare market due to rising tensions and territorial disputes in the South China Sea, spurring nations like China, India, and Japan to bolster their naval capabilities, driving demand for underwater warfare systems. Additionally, increased maritime traffic and the need to protect vital sea lanes have led countries to invest in advanced submarines, torpedoes, and sonar systems. Technological advancements and the proliferation of unmanned underwater vehicles have further fueled market expansion, with countries seeking to enhance their surveillance and reconnaissance capabilities beneath the waves. 

Key players in the market

Some of the key players in Underwater Warfare market include Aselsan A.S., Bae Systems, Cohort PLC, Elbit Systems Ltd., Exail Technologies, General Dynamics Corporation, Kongsberg, L3Harris, Leonardo S.P.A., Lockheed Martin Corporation, Naval Group, Northrop Grumman, Rafael Advanced Defense Systems Ltd., Rheinmetall AG, RTX Corporation , Saab AB, Teledyne Marine, Thales  and Thyssenkrupp AG.    

Key Developments:

In April 2024, Thales announced that it has completed the acquisition of Cobham Aerospace Communications, a leading supplier of advanced, ultra-reliable innovative safety cockpit communication and connectivity systems. This is a major milestone for Thales, complementing and strengthening its avionics portfolio and creating a worldwide player in this market.

In March 2024, Kongsberg Discovery has released the Seapath 385 navigation system. It is designed to enhance precision in hydrographic surveying by using advanced navigation algorithms and integrating a range of satellite signals, including GPS, GLONASS, Galileo, Beidou and QZSS, alongside geostationary satellite signals.

Systems Covered:
• Weapons Systems       
• Electronic Warfare Systems     
• Sonar Systems       
• Communication Systems    
• Unmanned Systems      
• Surveillance Systems    
• Other Systems     

Platforms Covered:
• Surface Ships  
• Airborne Systems  
• Submarines  
• Other Platforms  

Capabilities Covered:
• Attack   
• C4ISR   
• Command   
• Control   
• Defend   
• Other Capabilities    

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

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
2 Preface     
 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Emerging Markets    
 3.7 Impact of Covid-19    
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
5 Global Underwater Warfare Market, By Systems     
 5.1 Introduction    
 5.2 Weapons Systems    
  5.2.1 Mines   
  5.2.2 Torpedoes   
 5.3 Electronic Warfare Systems    
  5.3.1 Jammers   
  5.3.2 Countermeasures   
  5.3.3 Decoys   
 5.4 Sonar Systems    
  5.4.1 Active Sonars   
  5.4.2 Passive Sonars   
 5.5 Communication Systems    
 5.6 Unmanned Systems    
  5.6.1 Remotely Operated Underwater Vehicles (RUVs)   
  5.6.2 Autonomous Underwater Vehicles (AUVs)   
 5.7 Surveillance Systems    
 5.8 Other Systems    
6 Global Underwater Warfare Market, By Platform     

 6.1 Introduction    
 6.2 Surface Ships    
 6.3 Airborne Systems    
 6.4 Submarines    
 6.5 Other Platforms    
7 Global Underwater Warfare Market, By Capability     
 7.1 Introduction    
 7.2 Attack    
 7.3 C4ISR    
 7.4 Command    
 7.5 Control    
 7.6 Defend    
 7.7 Other Capabilities    
8 Global Underwater Warfare Market, By Geography     
 8.1 Introduction    
 8.2 North America    
  8.2.1 US   
  8.2.2 Canada   
  8.2.3 Mexico   
 8.3 Europe    
  8.3.1 Germany   
  8.3.2 UK   
  8.3.3 Italy   
  8.3.4 France   
  8.3.5 Spain   
  8.3.6 Rest of Europe   
 8.4 Asia Pacific    
  8.4.1 Japan   
  8.4.2 China   
  8.4.3 India   
  8.4.4 Australia   
  8.4.5 New Zealand   
  8.4.6 South Korea   
  8.4.7 Rest of Asia Pacific   
 8.5 South America    
  8.5.1 Argentina   
  8.5.2 Brazil   
  8.5.3 Chile   
  8.5.4 Rest of South America   
 8.6 Middle East & Africa    
  8.6.1 Saudi Arabia   
  8.6.2 UAE   
  8.6.3 Qatar   
  8.6.4 South Africa   
  8.6.5 Rest of Middle East & Africa   
9 Key Developments     
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 9.2 Acquisitions & Mergers    
 9.3 New Product Launch    
 9.4 Expansions    
 9.5 Other Key Strategies    
10 Company Profiling     
 10.1 Aselsan A.S.    
 10.2 Bae Systems    
 10.3 Cohort PLC    
 10.4 Elbit Systems Ltd.    
 10.5 Exail Technologies    
 10.6 General Dynamics Corporation    
 10.7 Kongsberg    
 10.8 L3Harris    
 10.9 Leonardo S.P.A.    
 10.10 Lockheed Martin Corporation    
 10.11 Naval Group    
 10.12 Northrop Grumman    
 10.13 Rafael Advanced Defense Systems Ltd.    
 10.14 Rheinmetall AG    
 10.15 RTX Corporation    
 10.16 Saab AB    
 10.17 Teledyne Marine    
 10.18 Thales    
 10.19 Thyssenkrupp AG    
List of Tables      
1 Global Underwater Warfare Market Outlook, By Region (2021-2030) ($MN)     
2 Global Underwater Warfare Market Outlook, By Systems (2021-2030) ($MN)     
3 Global Underwater Warfare Market Outlook, By Weapons Systems (2021-2030) ($MN)     
4 Global Underwater Warfare Market Outlook, By Mines (2021-2030) ($MN)     
5 Global Underwater Warfare Market Outlook, By Torpedoes (2021-2030) ($MN)     
6 Global Underwater Warfare Market Outlook, By Electronic Warfare Systems (2021-2030) ($MN)     
7 Global Underwater Warfare Market Outlook, By Jammers (2021-2030) ($MN)     
8 Global Underwater Warfare Market Outlook, By Countermeasures (2021-2030) ($MN)     
9 Global Underwater Warfare Market Outlook, By Decoys (2021-2030) ($MN)     
10 Global Underwater Warfare Market Outlook, By Sonar Systems (2021-2030) ($MN)     
11 Global Underwater Warfare Market Outlook, By Active Sonars (2021-2030) ($MN)     
12 Global Underwater Warfare Market Outlook, By Passive Sonars (2021-2030) ($MN)     
13 Global Underwater Warfare Market Outlook, By Communication Systems (2021-2030) ($MN)     
14 Global Underwater Warfare Market Outlook, By Unmanned Systems (2021-2030) ($MN)     
15 Global Underwater Warfare Market Outlook, By Remotely Operated Underwater Vehicles (RUVs) (2021-2030) ($MN)     
16 Global Underwater Warfare Market Outlook, By Autonomous Underwater Vehicles (AUVs) (2021-2030) ($MN)     
17 Global Underwater Warfare Market Outlook, By Surveillance Systems (2021-2030) ($MN)     
18 Global Underwater Warfare Market Outlook, By Other Systems (2021-2030) ($MN)     
19 Global Underwater Warfare Market Outlook, By Platform (2021-2030) ($MN)     
20 Global Underwater Warfare Market Outlook, By Surface Ships (2021-2030) ($MN)     
21 Global Underwater Warfare Market Outlook, By Airborne Systems (2021-2030) ($MN)     
22 Global Underwater Warfare Market Outlook, By Submarines (2021-2030) ($MN)     
23 Global Underwater Warfare Market Outlook, By Other Platforms (2021-2030) ($MN)     
24 Global Underwater Warfare Market Outlook, By Capability (2021-2030) ($MN)     
25 Global Underwater Warfare Market Outlook, By Attack (2021-2030) ($MN)     
26 Global Underwater Warfare Market Outlook, By C4ISR (2021-2030) ($MN)     
27 Global Underwater Warfare Market Outlook, By Command (2021-2030) ($MN)     
28 Global Underwater Warfare Market Outlook, By Control (2021-2030) ($MN)     
29 Global Underwater Warfare Market Outlook, By Defend (2021-2030) ($MN)     
30 Global Underwater Warfare Market Outlook, By Other Capabilities (2021-2030) ($MN)     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.      

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at info@strategymrc.com

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