Market Overview:
The global submersible market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for private submarines, tourism submarines, and professional submarines across the globe. In addition, the growing popularity of submersible vehicles for military and expedition applications is also propelling the growth of this market. However, high cost associated with these vehicles may restrain the growth of this market in some regions during the forecast period. On basis of type, private submarine segment is projected to lead global submersible market with highest CAGR over next 10 years owing to its increasing demand from luxury tourism sector across world. Professional submarine segment accounted for second largest share in 2017 and it will continue its dominance over next decade due rising application areas such as oil & gas industry and scientific research organizations etcetera .Tourism submarine held third largest share in 2017 followed by other types segments such as military submarine ,expeditionary vessel etcetera .
Product Definition:
A submersible is a watercraft that is capable of operating below the surface of the water. They are used for a variety of purposes, including military operations, research and exploration, and salvage.
Private Submarine:
Private submarine is a vessel, whose crew consists of only the skipper and one or more persons. It has more living space than a commercial submarine and can be used for personal purposes as well as for business purposes. The primary purpose of using private submarines is to avoid the watchful eyes of authorities such as traffic police, customs officials at international borders etc., while traveling in foreign countries.
The global market size was valued at USD 6,500 million in 2015.
Tourism Submarine:
The tourism submarine is a vessel that provides tourists the opportunity to explore the ocean floor. It does this by carrying passengers and an underwater camera in a submerged capsule. The capsule allows tourists to view fish, crustaceans, and other marine life while it is submerged under water surface near popular tourist destinations like Caribbean islands or Florida Keys.
Application Insights:
Military application held the largest share of over 70.0% in 2017. The military applications include use as a surveillance platform, intelligence gatherer, and attack submarine. The rise in defense spending by countries such as China and India is expected to be a major factor driving the global market over the forecast period.
The professional application segment is anticipated to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to increasing demand for submarines from commercial clients including marine insurance companies, transport companies, and oil & gas companies for deep-sea exploration activities conducted off the coasts of Latin America.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of submarines based on coastal areas, especially in South China Sea and Indian Ocean. Countries such as India, China, Australia are spending huge amounts for acquiring advanced submarines that can be used for undersea warfare. Moreover, increasing military expenditure by countries such as India and Japan is driving the demand for submersible vessels across this region.
The North American regional market was valued at USD X million in 2017 owing to presence of prominent submarine manufacturers including Electric Boat Corporation; Lockheed Martin Corporation; and Huntington Ingalls Industries Inc., among others who are engaged in providing support systems (weapons & sensors) to UAVs (unmanned underwater vehicles) operating across oceans/oceans deep sea etcetera.
Growth Factors:
- Increasing demand for energy and power across the globe is expected to drive the submersible market growth over the forecast period.
- Rapid industrialization and urbanization in developing countries is anticipated to boost the demand for submersible pumps over the next few years.
- Growing investments in water infrastructure development projects are projected to propel market growth during the forecast period.
- Rising concerns pertaining to water scarcity and its impact on agriculture, industries, and households are likely to fuel demand for efficient submersible pumps over the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Submersible Market Research Report
By Type
Private Submarine, Tourism Submarine, Professional Submarine, Others
By Application
Touring, Military, Expedition, Others
By Companies
Blue Sub Tech, DeepFlight, Kemp Marine, Sea Magine, Silvercrest Submarines, Subeo, Triton Submarines, U-Boat Worx
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Submersible Market Report Segments:
The global Submersible market is segmented on the basis of:
Types
Private Submarine, Tourism Submarine, Professional Submarine, Others
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
Touring, Military, Expedition, 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:
- Blue Sub Tech
- DeepFlight
- Kemp Marine
- Sea Magine
- Silvercrest Submarines
- Subeo
- Triton Submarines
- U-Boat Worx
Highlights of The Submersible 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:
- Private Submarine
- Tourism Submarine
- Professional Submarine
- Others
- By Application:
- Touring
- Military
- Expedition
- 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 Submersible 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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- Product & Brand Management
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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?
A submersible is a type of vessel that can be submerged in water. It has a hull and an underwater propulsion system to move it through the water.
Some of the major players in the submersible market are Blue Sub Tech, DeepFlight, Kemp Marine, Sea Magine, Silvercrest Submarines, Subeo, Triton Submarines, U-Boat Worx.
The submersible market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Submersible Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Submersible Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Submersible Market - Supply Chain
4.5. Global Submersible Market Forecast
4.5.1. Submersible Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Submersible Market Size (000 Units) and Y-o-Y Growth
4.5.3. Submersible Market Absolute $ Opportunity
5. Global Submersible Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Submersible Market Size and Volume Forecast by Type
5.3.1. Private Submarine
5.3.2. Tourism Submarine
5.3.3. Professional Submarine
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Submersible Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Submersible Market Size and Volume Forecast by Application
6.3.1. Touring
6.3.2. Military
6.3.3. Expedition
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Submersible Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Submersible Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Submersible Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Submersible Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Submersible Demand Share Forecast, 2019-2026
9. North America Submersible Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Submersible Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Submersible Market Size and Volume Forecast by Application
9.4.1. Touring
9.4.2. Military
9.4.3. Expedition
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Submersible Market Size and Volume Forecast by Type
9.7.1. Private Submarine
9.7.2. Tourism Submarine
9.7.3. Professional Submarine
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Submersible Demand Share Forecast, 2019-2026
10. Latin America Submersible Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Submersible Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Submersible Market Size and Volume Forecast by Application
10.4.1. Touring
10.4.2. Military
10.4.3. Expedition
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Submersible Market Size and Volume Forecast by Type
10.7.1. Private Submarine
10.7.2. Tourism Submarine
10.7.3. Professional Submarine
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Submersible Demand Share Forecast, 2019-2026
11. Europe Submersible Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Submersible Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Submersible Market Size and Volume Forecast by Application
11.4.1. Touring
11.4.2. Military
11.4.3. Expedition
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Submersible Market Size and Volume Forecast by Type
11.7.1. Private Submarine
11.7.2. Tourism Submarine
11.7.3. Professional Submarine
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10.Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Submersible Demand Share, 2019-2026
12. Asia Pacific Submersible Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Submersible Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Submersible Market Size and Volume Forecast by Application
12.4.1. Touring
12.4.2. Military
12.4.3. Expedition
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Submersible Market Size and Volume Forecast by Type
12.7.1. Private Submarine
12.7.2. Tourism Submarine
12.7.3. Professional Submarine
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Submersible Demand Share, 2019-2026
13. Middle East & Africa Submersible Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Submersible Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Submersible Market Size and Volume Forecast by Application
13.4.1. Touring
13.4.2. Military
13.4.3. Expedition
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Submersible Market Size and Volume Forecast by Type
13.7.1. Private Submarine
13.7.2. Tourism Submarine
13.7.3. Professional Submarine
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Submersible Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Submersible Market: Market Share Analysis
14.2. Submersible Distributors and Customers
14.3. Submersible Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Blue Sub Tech
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DeepFlight
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kemp Marine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sea Magine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Silvercrest Submarines
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Subeo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Triton Submarines
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. U-Boat Worx
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook