Adoption of Second-Generation AIP Systems Promising Longer Underwater Endurance and Improved Functionality of Submarines
Rockville, MD., July 30, 2024 (GLOBE NEWSWIRE) — The global Submarine AIP System Market is projected to reach US$ 529.2 million by the end of 2034, up from US$ 386.2 million in 2024. According to an updated Fact.MR industry analysis and developments in submarine AIP systems such as fuel cells and Stirling engines are key factors driving market growth.
Growing emphasis on second-generation systems is one of the major trends in the submarine AIP system market that is driving adoption. Since AIP systems are supposed to provide longer underwater endurance for submarines, second-generation AIP systems are projected to surpass the current endurance levels, enhancing the submarines’ overall functionality and efficiency.
Unexpected attacks have targeted every diesel-electric submarine that came up or swum to refuel. On the other hand, the arrival of second-generation AIP systems is expected to completely rewrite the rules governing submarines’ underwater flexibility and open the door for brand-new technologies to enter the submarine industry.
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Key Takeaways from the Submarine AIP System Market Study:
- The global market for submarine AIP systems is forecasted to expand at a CAGR of 3.2% from 2024 to 2034.
- East Asia is projected to account for 28.6% of the global market share by 2034.
- The market in Japan is forecasted to expand at a CAGR of 3.5% from 2024 to 2034.
- The market in China is analyzed to generate revenue worth US$ 74 million by the end of 2034.
- Based on type, closed-cycle diesel AIP systems are projected to generate revenue of US$ 245.5 million by the end of 2034.
- In the North American region, sales of submarine AIP systems are projected to reach US$ 114.8 million by 2034.
- The United States is estimated to account for 80.4% market share in the North American region in 2024.
- Use of AIP systems in conventional (diesel-electric) submarines is forecasted to generate revenue worth US$ 360.9 million by 2034.
“Rising maritime security concerns and focus on upgradation of naval fleets globally are driving demand for submarine AIP systems, contributing to market growth,” says a Fact.MR analyst
Leading Players Driving Innovation in the Submarine AIP System Market:
Key industry participants like Siemens; Navantia; General Dynamics; United Shipbuilding Corporation; CSICL; Kongsberg Gruppen; Lockheed Martin Corporation; SAAB; ThyssenKrupp Marine Systems GmbH; China Shipbuilding Industry Corporation; United Technologies Corporation; DCNS. etc. are driving the submarine AIP system industry.
Application of AIP Systems High in Conventional (Diesel-Electric) Submarines
Air-independent propulsion (AIP) systems are being extensively used in conventional (diesel-electric) submarines because they allow the submarines to stay below for a longer time without needing to surface or snorkel to refuel. This trait provides conventional submarines an advantage over other submarine types in terms of operational flexibility and lower susceptibility to detection by boosting stealth and endurance. AIP technologies further boost stealth by removing the submarine’s requirement to use its diesel engine or deploy its snorkel.
Submarine AIP System Industry News:
- The Indian Navy planned to acquire six new submarines with Air Independent Propulsion (AIP) technology in June 2024 as part of Project-75I.
- A Fateh-class submarine prototype with an air-independent propulsion (AIP) plug was on show by Iran’s Defense Ministry in March 2024 during the DIMDEX 2024 exhibition, which was held in Doha from March 4–6, 2024.
- The French-based Naval Group and DRDO (India) decided to update the Scorpene-class Indian Navy submarine INS Kalvari in January 2023. DRDO’s objective was to outfit submarines with airtight propulsion systems utilizing domestic fuel cells.
- In February 2023, the Indian Navy began procuring P-75l submarines as a means of looking into alternatives to Russian military hardware. As part of the US$ 5.2 million contract, the company plans to transfer technologies for air-independent propulsion systems.
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Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type
- Fuel Cell AIP Systems
- Stirling Engine AIP Systems
- Closed-Cycle Diesel AIP Systems
Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Fit
- Line
- Retrofit
Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Submarine Type
- Nuclear-Powered Submarines
- Conventional (Diesel-Electric) Submarines
- Hybrid Submarines
More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of the submarine AIP system market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on type (fuel cell AIP systems, Stirling engine AIP systems, closed-cycle diesel AIP systems), fit (line, retrofit), and submarine type (nuclear-powered submarines, conventional submarines, hybrid submarines), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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