According to a latest research analysis by Fact.MR, the global market for submarine AIP systems will expand at a sluggish CAGR during 2019 to 2027. Sales of submarine AIP systems across the globe are estimated to exceed USD 229 Mn in revenues by 2027-end.
Air independent propulsion (AIP) systems are marine propulsion technologies that are commonly integrated to non-nuclear submarines for operation of naval vessels, without having access to oxygen from the atmosphere. AIP systems are increasingly being used either as a complementary or replacement system for submarines that conventionally use diesel electric propulsion systems.
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Submarine AIP System Market Segmentation
- North America
- East Asia
- South Asia
- Latin America
- Middle East & Africa
By Component Type
- Solar Energetics
Submarine AIP System Market: Competitive Landscape
The report by Fact.MR has studied a number of key participants in the submarine AIP system market including large scale manufacturers such as Saab AB, Kongsberg Gruppen ASA, Wilhemsen, and Rolls Royce among others. The strategy being employed by most players in the industry include increasing investments in research and development activities for the development of new capabilities and solutions for navies around the world.
The presence of major organized players working at the same production quality and costs has resulted in a number of opportunities for new entrants, with substantial business as governments around the world continue to display high levels of concern over naval borders.