Reports
Sale
Australia Submarine Market Size, Share, Analysis, Forecast: By Type: Nuclear-Powered attack submarines (SSNs), Ballistic Missile Submarines (SSBNs), Diesel-electric attack submarines (SSKs), Guided-Missile Nuclear Submarines (SSGNs); By Propulsion: Non-Nuclear, Nuclear; By Application; Market Dynamics; Competitive Landscape; 2024-2032
Australia Submarine Market Outlook
The Australia submarine market size is projected to grow at a CAGR of 4.43% between 2024 and 2032.
Key Takeaways
- The Australian Parliament anticipates the commencement of the first Future Submarine's construction in 2022–23, with plans for it to be operational and in service around 2032–33.
- Australia plans to increase its yearly defence expenditure by an average of 0.15% of GDP over three decades, funding the procurement, building, and running of nuclear submarines under the AUKUS pact, totalling $268 billion to $368 billion.
- As per the Australian Submarine Agency, Australia is set to purchase three Virginia Class SSNs (nuclear-powered submarines) from the early 2030s onwards, a move authorized by the US Congress in December 2023.
Ballistic missile submarines in the Australia submarine market represent a crucial element of a nation's nuclear triad, ensuring a secure and resilient capability for second-strike scenarios
Ballistic Missile Submarines (SSBNs) are crucial for nuclear deterrence, providing a secure second-strike capability. Their constant readiness at sea, along with their survivability, global range, and strategic stability, minimize conflict escalation risks.
Nuclear-powered attack Submarines (SSNs) offer a strategic edge with stealth features and adaptable weapon systems. Their nuclear propulsion, power projection abilities, and advanced technologies establish them as a reliable and stealthy deterrent.
In November 2023, the US Congress approved legislation allowing for the sale of Virginia-class submarines to Australia under the Aukus security pact. This legislation, addressing multiple military goals including Aukus, received approval from the US House of Representatives in Washington.
Market Segmentation
Australia Submarine Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Nuclear-powered attack submarines (SSNs)
- Ballistic Missile Submarines (SSBNs)
- Diesel-electric attack submarines (SSKs)
- Guided-Missile Nuclear Submarines (SSGNs)
Market Breakup by Propulsion
- Non-Nuclear
- Nuclear
Market Breakup by Application
- Marine Weather Monitoring and Scientific Research
- Military surveillance and Combat
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia submarine market key players are ASC Pty Ltd., Rolls-Royce Holdings plc, bae systems plc, and ThyssenKrupp AG among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Propulsion |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Submarine Market Overview
8.1 Key Industry Highlights
8.2 Australia Submarine Historical Market (2018-2023)
8.3 Australia Submarine Market Forecast (2024-2032)
9 Australia Submarine Market by Type
9.1 Nuclear-Powered attack submarines (SSNs)
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Ballistic Missile Submarines (SSBNs)
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Diesel-electric attack submarines (SSKs)
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Guided-Missile Nuclear Submarines (SSGNs)
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Australia Submarine Market by Propulsion
10.1 Non-Nuclear
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Nuclear
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Submarine Market by Application
11.1 Marine Weather Monitoring and Scientific Research
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Military surveillance and Combat
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 ASC Pty Ltd.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Rolls-Royce Holdings plc
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Bae Systems plc
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 ThyssenKrupp AG
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Submarine Market: Key Industry Highlights, 2018 and 2032
2. Australia Submarine Historical Market: Breakup by Type (USD Million), 2018-2023
3. Australia Submarine Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Australia Submarine Historical Market: Breakup by Propulsion (USD Million), 2018-2023
5. Australia Submarine Market Forecast: Breakup by Propulsion (USD Million), 2024-2032
6. Australia Submarine Historical Market: Breakup by Application (USD Million), 2018-2023
7. Australia Submarine Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Australia Submarine Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.43% between 2024 and 2032.
The submarine market is categorised according to propulsion, which includes nuclear and non-nuclear.
The key players are ASC Pty Ltd., Rolls-Royce Holdings plc, bae systems plc, and ThyssenKrupp AG among others.
Based on the application, the market is divided into marine weather monitoring and scientific research, military surveillance and combat and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and Others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER