Anti-Submarine Warfare Systems Market size is estimated to register a CAGR of over 4.5% between 2024 and 2032

Anti-Submarine Warfare Systems Market Size

Anti-Submarine Warfare Systems Market size was estimated at USD 17.7 billion in 2023 and is expected to witness a CAGR of more than 4.5% during the forecast period of 2024 to 2032. Growth in the market is driven by rising investment in maritime surveillance ability.

Governments globally are pouring large amounts of money into making their naval capabilities strong enough to detect and neutralize submarine attacks. For example, in September 2023, the government of Australia invested USD 1 billion to strengthen its maritime surveillance. This investment will be used to improve some capabilities of Boeing aircraft such as anti-submarine warfare, maritime strike, and intelligence gathering capabilities. This increased emphasis on maritime security is driving the need for advanced anti-submarine warfare technology and systems such as sonar, torpedoes & underwater drones, hence driving the anti-submarine warfare market growth.

The growing need for effective anti-submarine warfare capabilities to counter anticipated threats is one of the major drivers fueling the anti-submarine warfare market. Due to the mounting proliferation of conventional & nuclear-powered submarines globally, the need for sophisticated warfare systems capable of detecting, tracking, and countering such threats efficiently has become more critical than ever. Governments are also spending on warfare technologies such as sonar systems, torpedoes, maritime patrol aircraft, and unmanned underwater vehicles to strengthen their naval defenses and maintain maritime security against emerging submarine threats.

Anti-Submarine Warfare Systems Market Report Attributes
Report Attribute Details
Base Year 2023
Anti-Submarine Warfare Systems Market Size in 2023 USD 17.7 Billion
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 4.5%
2032 Value Projection USD 26.8 Billion
Historical Data for 2018 – 2023
No. of Pages 220
Tables, Charts & Figures 250
Segments covered System, platform, end users
Growth Drivers
Growing investments in maritime surveillance technologies
Ongoing innovations in submarine technologies
Growing defense budgets of governments
Growing defense contractors & government collaborations and partnerships
Pitfalls & Challenges
Defense budget constraints could limit investments in anti-submarine warfare technologies
Growing cybersecurity threats

Anti-Submarine Warfare Systems Market Trends
Technological developments in maritime technologies are fueling growth in the anti-submarine warfare market. Technological advancements in sonar systems, Unmanned Underwater Vehicles (UUVs), and Autonomous Surface Vessels (ASVs) are improving anti-submarine warfare platforms’ ability to detect & track submarines more efficiently. For example, in September 2023, BAE Systems and Malloy Aeronautics demonstrated the T-600 heavy lift Unmanned Air System (UAS) at a prominent NATO exercise in Portugal. During the multinational exercise, the demonstrator successfully launched an anti-submarine torpedo, an inert Sting Ray training model for the first time on a sea-based flight exercise.

Further, advancements in machine learning, artificial intelligence, and data fusion are enhancing the accuracy & speed of submarine detection, allowing naval forces to respond in a timely manner to possible threats. These innovations are driving the anti-submarine warfare market with more efficient & reliable solutions to maritime security problems.

The combination of unmanned platforms such as UUV, ASV, and UAV is transforming anti-submarine warfare. The platforms provide long-endurance, increased coverage, and lower risk to human personnel, allowing more sustained & effective underwater threat monitoring. Their autonomous operation or integration with manned platforms boosts the flexibility & scalability of anti-submarine warfare operations, rendering them a market growth driver.

Anti-Submarine Warfare Systems Market Analysis
Discover more about the prominent segments defining this market

Segmented on the basis of systems, the market includes sensors, electronic support measures and armament. The sensors segment held a market share of approximately 46% and will increase by 2032. The growth in the sensors segment is being driven by the rising demand for advanced sensors in the anti-submarine warfare market. Advanced sensor technologies, including sonar systems & acoustic arrays, are increasingly important in the detection and tracking of submarines effectively.

For example, in October 2023, U.S. military anti-submarine warfare experts ordered Lockheed Martin Corp. to produce six MH-60R Seahawk anti-submarine warfare helicopters for Norway under a just-revealed USD 364.3 million contract. These multi-mission capable MH-60R helicopters have sophisticated sensors and are optimized for both anti-submarine & anti-surface warfare missions. With navies across the globe focusing on augmenting their anti-submarine warfare capabilities, higher sensitivity, accuracy & processing capability sensors are becoming increasingly in demand.

Find more about the primary segments influencing this market

Depending on the platform, the anti-submarine warfare systems market is segmented into submarines, surface ships, helicopters, maritime patrol aircraft and unmanned systems. Submarines will account for about 28% in the overall market in 2023. The growth of the submarines segment is fueled by the increased availability of submarines and the growth of submarine technology.

With more submarines featuring quieter and stealthier designs, there is a growing need for advanced anti-submarine warfare capabilities to detect and monitor them efficiently. This calls for the creation of sophisticated anti-submarine warfare systems and platforms, like sonar arrays & underwater drones, to counter prospective threats by submarines and uphold maritime security.

North America contributes a market share of more than 38% in 2023. The modernization of the naval fleets in North America is a strong growth driver of the anti-submarine warfare systems market. The U.S. companies are putting money into upgrading & increasing their naval fleets like the purchase of advanced submarines and anti-submarine warfare platforms.

This modernization involves the incorporation of advanced technologies like advanced sonar systems, Unmanned Underwater Vehicles (UUVs), and maritime patrol aircraft carrying anti-submarine warfare capabilities. This is to improve maritime security, ensure naval superiority, and better counter adaptive undersea threats, thus driving the growth of the anti-submarine warfare market in the country.

Anti-Submarine Warfare Systems Market Share
Lockheed Martin Corporation, RTX Corporation and Northrop Grumman Corporation maintain a substantial market share of more than 24% within the market. Firms in the anti-submarine warfare systems market utilize various important strategies for the augmentation of their market presence. Lockheed Martin concentrates on ongoing innovation in ASW technologies through its skill in sensors, sonar systems and sub-sea capabilities to remain ahead in terms of technological benefits.

Northrop Grumman Corporation enters strategic associations and alliances with defense contractors, organizations, and research institutions as a corporate strategy. This fosters the partnership of combined expertise and resources towards developing and deploying ASW solutions. For example, in February 2021, Northrop Grumman Corporation and Ultra partnered to outfit a customized Bell 407 manned platform with Ultra sonobuoys to achieve an anti-submarine warfare capability demonstration of unmanned aircraft systems (UAS).

In addition, to enhance data analysis and decision-making capabilities, RTX Corporation invests in AI and ML technologies. For example, in December 2022, RTX Corporation made an investment in EpiSci, an autonomous solutions development company. The investment will help support the company’s vision of creating cutting-edge autonomous technologies and facilitate the integration of EpiSci’s Tactical AI technology.

Anti-Submarine Warfare Systems Market Companies

Major players operating in the anti-submarine warfare systems industry are

• BAE Systems plc
• DSIT Solutions Ltd
• Elbit Systems Ltd.
• General Dynamics Corporation
• Lockheed Martin Corporation
• Naval Group (Formerly DCNS)
• Northrop Grumman Corporation
• RTX Corporation
• Saab AB
• Thales Group