North America Undersea Warfare Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the North America Undersea Warfare Market

North America Undersea Warfare Market has seen the latest innovations which include the undertaking of multiple high-value programs to procure new-generation submarines. For instance, the multi-billion-dollar Columbia-class procurement program to develop and deploy 12 SSBNs will significantly increase the country's naval and undersea military capabilities. Disputes over offshore territories and maritime boundaries, due to the need to exploit offshore resources, including unexplored oil and gas reserves and fertile fishing zones, have been a major driver of the strengthening of submarine-based capabilities for the region. In March 2019, the United States expedited its plans to achieve a proposed 355-ship fleet. The new plans outlined a rough annual expenditure of USD 40 billion for fleet maintenance.  According to its 30-year shipbuilding plan, the US envisions procuring 55 new ships to achieve an effective fleet size of 314 ships by 2024.

Mergers and Acquisitions:

• In July 2020, BAE Systems completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation
• In January 2021, Atlas Copco completed its acquisition of Ehrler & Beck GmbH.

North America Undersea Warfare Market Synopsis

The North America region accounts for the majority of the overall global undersea warfare market share. Rising defence budgets among various countries, increasing terror attacks, the invention of advanced sensor and sonar technology as well as rising threats arising from an unnamed submarine, torpedo, and sea mines are some of the key growth drivers of the North America undersea warfare market.

According to 6Wresearch, the North America Undersea Warfare Market size has tremendous growth prospects during the forecast period. This growth is primarily driven by increasing investment by the U.S. government in its naval base, joint operations with other countries for maritime patrol such as India as well as the increasing threat from emerging regional powers. The U.S. government is continuously focusing on streamlining its naval strategy and tactics and to strengthen its anti-submarine fleets.

In terms of warfare type the market is categorized into combat systems, communication systems, airborne detection systems, weapons and countermeasures, sensors and sonars and unmanned underwater systems. Further, the United States accounts for the majority of the North America undersea warfare market revenues due to rising R&D budget and technological development.

The North America undersea warfare market report thoroughly covers the market by warfare types and by countries including the United States, Canada and Rest of the North America. The North America undersea warfare market outlook report provides an unbiased and detailed analysis of the ongoing North America undersea warfare market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• North America Undersea Warfare Market Overview
• North America Undersea Warfare Market Outlook
• North America Undersea Warfare Market Forecast
• Historical Data of North America Undersea Warfare Market Revenues for the Period 2015-2018
• North America Undersea Warfare Market Size and North America Undersea Warfare Market Forecast of Revenues, Until 2025
• Historical Data of North America Undersea Warfare Market Revenues, by Types, for the Period 2015-2018
• Market Size & Forecast of North America Undersea Warfare Market Revenues, by Types, until 2025
• Historical Data of Canada Undersea Warfare Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Canada Undersea Warfare Market Revenues, until 2025.
• Historical Data of United States Undersea Warfare Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of United States Undersea Warfare Market Revenues, until 2025.
• Historical Data of Rest of North America Undersea Warfare Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Rest of North America Undersea Warfare Market Revenues, until 2025.
• Market Drivers and Restraints
• North America Undersea Warfare Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Undersea Warfare Market Share, By Regions
• North America Undersea Warfare Market Share, By Players
• North America Undersea Warfare Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The North America undersea warfare market report provides a detailed analysis of the following market segments:

By Types:

• Combat Systems
• Communication Systems
• Airborne Detection Systems
• Weapons and Countermeasures
• Sensors and Sonars
• Unmanned Underwater Systems  

By Countries:

• United States
• Canada
• Rest of North America

North America Undersea Warfare Market: FAQs