Air-independent Propulsion (AIP) System Market Size – By Propulsion Technology (Closed Cycle Steam Turbines (CCST), Stirling Engines, Fuel Cells, Liquid Oxygen (LOX) Systems and Others), By Submarine Type (Stirling, MESMA, and Others), By Application (Naval defense, Surveillance and Others), By Fit (Line Fit and Retro Fit) & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-09-09
- NO OF PAGES
- 270
- CATEGORY
- Aerospace & Defense
Market Overview
The Air-independent Propulsion (AIP) System market is predicted to develop at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2034, when it is projected to reach USD 184,976.43 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 144,524.27 Million in 2024.
SOURCE: We Market Research
The Global
Air-independent Propulsion (AIP) System Market refers to the market for a
specific type of submarine propulsion technology that allows non-nuclear
submarines to operate without the need to surface frequently for oxygen.
Air-independent propulsion (AIP) systems enhance the stealth, endurance, and
operational capabilities of conventional (diesel-electric) submarines by
allowing them to stay submerged for longer periods, thereby reducing the risk
of detection.
The Global
Air-Independent Propulsion (AIP) System Market is a growing segment within the
defense and maritime industries, driven by the increasing demand for advanced
submarine capabilities. AIP systems allow conventional (non-nuclear) submarines
to remain submerged longer without surfacing for air, enhancing stealth and
operational range.
The market is
expected to see steady growth over the next decade due to ongoing modernization
initiatives, technological advancements, and the need for more efficient,
stealthy, and long-endurance submarines. By 2034, AIP systems may become
standard on most non-nuclear submarines.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 144,524.27 Million |
|
Market
Forecast in 2034 |
USD 184,976.43
Million |
|
CAGR % 2024-2034 |
5.1% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Propulsion
Technology, By Submarine Type, By Application, By Fit and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Air-independent Propulsion (AIP) System Industry: Dynamics & Restrains
Market opportunity:
We Market
Research: Air-independent Propulsion
(AIP) System Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.