Market Overview:
The global private submarines market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luxury submarines for tourism and research purposes. Additionally, the increasing demand for military submarines for defense applications is also contributing to the growth of this market.
Product Definition:
A private submarine is a submarine that is owned and operated by a private individual or company, as opposed to a military or government organization. Private submarines are used for a variety of purposes, including pleasure cruising, research and exploration, and smuggling. The importance of private submarines lies in their ability to provide access to underwater areas that are not accessible by other means. They also offer privacy and security for those who wish to travel discreetly.
Depth Capacity
Depth Capacity 300-1000 Meters:
Depth Capacity 300-1000 Meters is a depth range instrument used in the Private Submarines market. It's basically an underwater sound device which helps to detect objects nearby by measuring the depth of water around it. The DEPTH capacity 300-1000 meters product is manufactured by Oceaneering International Inc., U.S and it’s known as model 2800 in North America and Europe, while in Asia Pacific, it’s known as model 900 series.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. This is attributed to the rising demand for deep-sea exploration from various industries such as oil and gas, marine biology, and tourism. The tourism sub-segment is expected to witness significant growth over the forecast period owing to increasing passenger travel on cruise ships that offer submarine tours around popular tourist destinations such as Iceland, Tonga, New Zealand and Australia among others.
The research application segment accounted for a considerable share in 2017 due to growing government initiatives towards developing undersea science parks along with technological advancements in equipment used by private companies for research purposes at sea level. These developments are further anticipated to propel market growth during the forecast period while also serving as an important part of PSS operations during peacetime or when deployed on deterrent duty (i.e., when PSS is not conducting patrols).
Regional Analysis:
Asia Pacific dominated the global private submarines market in 2016 with a revenue share of over 40%. The region is expected to continue its dominance over the forecast period. This growth can be attributed to increasing military expenditure by countries such as China and India. In addition, rising demand for recreational diving by people from various countries such as Australia, Japan, and South Korea is also contributing towards regional growth.
The North America market was valued at USD X billion in 2016 and is expected to grow at a significant rate during the forecast period owing to an increase in tourism activities along with other commercial applications of these submarines across U.S.
Growth Factors:
- Increasing demand for luxury goods and services
- Growing popularity of private submarines as a status symbol
- Rising awareness about the benefits of owning a private submarine
- Proliferation of luxury yachts and other water vehicles
- Advances in submarine technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Private Submarines Market Research Report
By Type
Depth Capacity <300 Meters, Depth Capacity 300-1000 Meters, Depth Capacity 1000+ Meters
By Application
Research, Cinematography, Tourism, Others
By Companies
Triton Submarines, U-Boat Worx, DeepFlight, SEAmagine, GSE Trieste, Aquatica Submarines, Ortega Submersible, Nuytco Research, Pisces VI, Subeo, HSP Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Private Submarines Market Report Segments:
The global Private Submarines market is segmented on the basis of:
Types
Depth Capacity <300 Meters, Depth Capacity 300-1000 Meters, Depth Capacity 1000+ Meters
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Research, Cinematography, Tourism, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Triton Submarines
- U-Boat Worx
- DeepFlight
- SEAmagine
- GSE Trieste
- Aquatica Submarines
- Ortega Submersible
- Nuytco Research
- Pisces VI
- Subeo
- HSP Technologies
Highlights of The Private Submarines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Depth Capacity <300 Meters
- Depth Capacity 300-1000 Meters
- Depth Capacity 1000+ Meters
- By Application:
- Research
- Cinematography
- Tourism
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Private Submarines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Private submarines are vessels that are privately owned and operated by individuals, families, or businesses. They can be used for a variety of purposes including fishing, tourism, research, and military operations.
Some of the key players operating in the private submarines market are Triton Submarines, U-Boat Worx, DeepFlight, SEAmagine, GSE Trieste, Aquatica Submarines, Ortega Submersible, Nuytco Research, Pisces VI, Subeo, HSP Technologies.
The private submarines market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Private Submarines Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Private Submarines Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Private Submarines Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Private Submarines Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Private Submarines Market Size & Forecast, 2020-2028 4.5.1 Private Submarines Market Size and Y-o-Y Growth 4.5.2 Private Submarines Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Depth Capacity <300 Meters
5.2.2 Depth Capacity 300-1000 Meters
5.2.3 Depth Capacity 1000+ Meters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Research
6.2.2 Cinematography
6.2.3 Tourism
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Private Submarines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Private Submarines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Depth Capacity <300 Meters
9.6.2 Depth Capacity 300-1000 Meters
9.6.3 Depth Capacity 1000+ Meters
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Research
9.10.2 Cinematography
9.10.3 Tourism
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Depth Capacity <300 Meters
10.6.2 Depth Capacity 300-1000 Meters
10.6.3 Depth Capacity 1000+ Meters
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Research
10.10.2 Cinematography
10.10.3 Tourism
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Depth Capacity <300 Meters
11.6.2 Depth Capacity 300-1000 Meters
11.6.3 Depth Capacity 1000+ Meters
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Research
11.10.2 Cinematography
11.10.3 Tourism
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Depth Capacity <300 Meters
12.6.2 Depth Capacity 300-1000 Meters
12.6.3 Depth Capacity 1000+ Meters
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Research
12.10.2 Cinematography
12.10.3 Tourism
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Depth Capacity <300 Meters
13.6.2 Depth Capacity 300-1000 Meters
13.6.3 Depth Capacity 1000+ Meters
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Research
13.10.2 Cinematography
13.10.3 Tourism
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Private Submarines Market: Competitive Dashboard
14.2 Global Private Submarines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Triton Submarines
14.3.2 U-Boat Worx
14.3.3 DeepFlight
14.3.4 SEAmagine
14.3.5 GSE Trieste
14.3.6 Aquatica Submarines
14.3.7 Ortega Submersible
14.3.8 Nuytco Research
14.3.9 Pisces VI
14.3.10 Subeo
14.3.11 HSP Technologies