Global Undersea Warfare Systems global market 2024, Forecast To 2033

The undersea warfare systems market has demonstrated strong growth, increasing from $19.17 billion in 2023 to $20.43 billion in 2024 at a steady compound annual growth rate (CAGR) of 6.5%. The growth in the historic period is attributed to the development of anti-submarine warfare (ASW), naval modernization programs, capabilities in electronic warfare (EW), protection of renewable energy infrastructure, and advancements in environmental sensing and monitoring. Moving forward, the undersea warfare systems market is expected to experience strong growth, projected to reach $26.39 billion in 2028 at a consistent CAGR of 6.6%. The anticipated growth in the forecast period can be attributed to emerging naval powers, advancements in undersea drone technology, the integration of multi-domain operations, the development of undersea communication networks, and the increased focus on maritime border security. Major trends in the forecast period include the adoption of unmanned underwater vehicles (UUVs), advancements in sonar and sensor technologies, the integration of multinational operations, the utilization of artificial intelligence (AI) in submarine warfare, and enhancements in stealth technologies.