About Air Independent Propulsion Systems
Air Independent Propulsion (AIP) submarines generally provide an AIP submerged endurance between 14 to 30 days with a total endurance of 45 to 90 days. Modern submarines with AIP like the Swedish Gotland class have submerged endurance of 14 days at 5 knots, while the German Type 212 submarine has a submerged endurance of over 30 days at 4 knots without snorkelling. These AIP system fitted conventional submarines called poor man’s nuclear submarine are being used in about 16 countries presently. The crucial function of submarines include concealment, endurance and striking power.
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Air Independent Propulsion Systems market is projected to reach USD 15.41 billion by 2030
Increasing importance of submarines in naval warfare, submarine upgradation programs over the years for combat systems, among others can be considered as the factors driving the AIP systems market.
From the financial point of view, AIP fitted submarines are about three to four times cheaper to procure and operate when compared to nuclear-powered attack submarines. Therefore, in the long-term perspective, even the traditional nuclear-powered approach of U.S. Navy should be taken under revision due to budget constraints. The potential of AIP fitted submarines as an alternative, for at least partial replacement of the Los Angeles class nuclear-powered attack submarines, should be thoroughly assessed.
Asia-Pacific dominates the Global Air Independent Propulsion Systems Market during the forecast period (2016-2030)
Asia-Pacific region dominates the global air independent propulsion systems for submarine market followed by Europe, and South America. This is mainly because Asia-Pacific nations are modernizing their surface and underwater naval capabilities by buying stealthy warships, attack submarines, patrol vessels, sensors, radars, missiles and unmanned systems. Whereas, the Middle East region on the other hand is projected to grow at the highest CAGR during the forecast period.
Fuel cell type engine is projected to grow at a CAGR of 5.00% from 2016 to 2030.
The line fit AIP systems market for submarines has been sub-segmented into three major categories such as Stirling, MESMA, and Fuel cells. The Fuel cell type engines is projected to grow at a significant CAGR of 5.00%from 2016 to 2030. Fuel cells are considered to be the quietest one, however interestingly Sweden has recently decided to build the A-26 submarine which would have the Stirling type AIP. The Stirling type engines are expected to be valued at USD 1.59 billion in 2016.
Competitive Scenario
The key players profiled in the report include: Saab AB, Siemens AG, DCNS SA, China Shipbuilding Industry Co. Ltd., UTC Aerospace Systems, Lockheed Martin Corporation, General Dynamics Corporation, and Kongsberg Gruppen ASA.
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