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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.