Air Independent Propulsion System Market to Grow at a Moderate CAGR of 2% by 2029

Submarine AIP System Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

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.

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.

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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.

submarine aip market

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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Adoption of Second Gen AIP Systems Booming

The global submarine production industry is going through a transition, of increased use of second gen submarine AIP systems. While the original AIP systems have given superlative underwater operations abilities, the 2nd gen systems are expected to raise the performance bars to a greater level.

In addition, submarines using 1st gen AIP systems, are at greater risk of being attacked while surfacing or snorkeling. However, the induction of the newer variants are expected to increase versatility in applications, and opening up new opportunities for developments in the submarine industry.

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