Submarine AIP System Market – Outlook, Size, Share & Forecast to 2027

Posted on 2021-03-09 by Future Market Insights, Inc in Industrial // 0 Comments

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.

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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.

Submarine AIP systems are essential for the recharging batteries, without having to run the engines. It is essential for naval submarines to sail underwater without getting detected easily, by also reducing noise signatures. On the other hand, the much superior performance of nuclear submarines has restricted the use of AIP systems on the whole.

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Europe and Asia Pacific Nations Dominate Demand for AIP Systems

On a global scale, countries in Europe and the Asia Pacific account for up to 80 per cent of the market share of the submarine AIP market. The submarine AIP system market for the Asia Pacific is expected to rise at around 2.5 per cent, which can primarily be attributed to rising amounts of investments in the regional defense sector, which are resulting in substantial opportunities for the adoption of AIP equipped submarines.

These factors are also common for the rise of AIP submarine systems in European naval forces. On the other hand the adoption of AIP submarines for other regions such as the Americas, and Middle East and Africa is lagging behind at 12 and 8 per cent respectively.

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