Underwater Warfare Companies

The underwater warfare market is valued at USD 3.7 billion in 2023 and is projected to reach USD 5.7 billion by 2028, at a CAGR of 9.0% from 2023 to 2028. The market growth is driven by increasing investment in developing underwater warfare systems and solutions. Prominent companies in this industry are primarily located in North America, Europe and Middle East. Raytheon Technologies (US), L3Harris Technologies, Inc. (US), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (US), Thyssenkrupp AG (Germany) are recognized as key players in the Underwater Warfare market. Key players in underwater warfare market are investing heavily in research and development to introduce advanced technologies such as advanced sonar systems and unmanned systems. They are also focusing on partnerships and collaborations to expand their market presence and offer comprehensive solutions.

RAYTHEON TECHNOLOGIES  (US)

Raytheon Technologies Corporation is an aerospace & defense technology company that provides advanced systems and services for commercial, military and government customers worldwide. The company is one of the largest manufacturers of defense and aerospace Equipment’s. The company was formed with the combination of Raytheon Company and United Technologies Corporation. The company offers end-to-end space solutions, precision targeting radars, electronic warfare, intelligence, surveillance, and reconnaissance solutions across all domains. Raytheon Technologies is one of the leaders in maritime sensors and precision weapons. The company offers advanced mine-hunting sonar system for the Littoral Combat Ship's mine countermeasure mission package, Airborne Mine neutralization system to neutralize moored and bottom mines, radars, lightweight torpedo for anti-submarine warfare and other defense and missile systems for underwater warfare market.

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Major Underwater Warfare companies include:

• Raytheon Technologies (US)
• L3Harris Technologies, Inc. (US)
• Elbit Systems Ltd. (Israel)
• Northrop Grumman Corporation (US)
• Thyssenkrupp AG (Germany)

L3HARRIS TECHNOLOGIES, INC. (US)

L3Harris Technologies, Inc. is a US-based multinational conglomerate catering to the aerospace & defense sector. L3Harris Technologies Inc. undersea warfare systems include integrated, superior, multi-domain sensor capabilities, acoustic/undersea systems & sensors, seabed systems, unmanned underwater vehicles and imaging systems on naval submarine programs. L3Harris Technologies, Inc. is the world’s largest submarine imaging system provider with imaging masts on all classes of U.S. Navy submarines. The company provides maritime solutions and develops new concepts and technology for naval operators. The company offers Hunterwater, a lightweight, compact and effective unmanned system for mine hunting. Hunterwater applies an innovative all-in-one search, identification and automatic neutralization of underwater mine threats. The company provides various sonars and sonar systems such as Low- Frequency Active Towed Sonar, Orion Anti- Submarine warfare sonar, and AQS-18F- next generation anti-submarine warfare sonar.

ELBIT SYSTEMS LTD. (Israel)

Elbit  Systems Ltd. Is an Israel based global- high tech company mainly focuses on defense and homeland security. The company offers various solutions for airborne, land, and naval systems. The company has strong expertise in military aircraft, helicopter systems, commercial aviation systems, unmanned aircraft systems (UAS), electro-optic, night vision, countermeasures systems, naval systems, land vehicle systems, and other commercial activities. The company generates its revenue through five major business segments: Aerospace, C4I and Cyber, ISTAR and EW, Land and Elbit systems of America.  Under the ISTAR and EW business segment the company provides Naval Combat Management and Sonar systems including Unmanned Surface Vessels (USVs) for Mine countermeasure (MCM) and Anti-Submarine Warfare (ASW) missions, equipped with an array of sonars and underwater acoustic payloads. The Elbit Systems of America provides undersea warfare systems for the US Navy.

NORTHROP GRUMMAN CORPORATION (US)

Northrop Grumman Corporation is an integrated global defense and security enterprise providing a range of products, services, and solutions to the information and services, electronics, and aerospace industries worldwide. It is a leading integrated and advanced naval systems provider. The company works closely with the US Navy and other governmental authorities. Northrop Grumman Corporation is one of the leaders in the areas of Artificial Intelligence and Machine Learning and is working to develop autonomous capabilities and intelligent payloads for maritime applications such as the Large Unmanned Surface Vehicles and Medium Unmanned Surface Vehicles. The company offers sonar systems, very light torpedoes, mine hunting systems and other underwater warfare solutions. The company is defining possible as a force multiplier for the United States Joint Forces by improving mission capability in the Undersea domain to ensure strategic dominance. The MicroSAS of the company is high-performance interferometric synthetic aperture sonar that enables longer sorties and higher area coverage rates for UUV missions. The company was the first in the field of electro-optic mine identification. The company developed the first long-range synthetic aperture sonar for mine warfare, the first mine warfare unmanned surface vessel (jointly with the Naval Undersea Warfare Center) and mine warfare unmanned underwater vehicles.

THYSSENKRUPP AG (GERMANY)

Thyssenkrupp AG is an international industrial and technology company. The company operates through seven business segments namely: Automotive technology, Material Services, Steel Europe, Bearings, Forged Technologies, Multi Tracks and Marine Systems. The company offers various systems for submarine and surface vessels, maritime electronics, and security technology. In 2017 Thyssenkrupp AG acquired Atlas Elektronik GmbH (Germany). Atlas Elektronik GmbH designs, manufactures, and markets maritime and naval products and solutions. The company is a major player and a technology leader in sonar systems, command, and weapons deployment systems, mine warfare systems, unmanned underwater and surface vehicles, and communication systems, among other such products and solutions.  The company also offers anti-submarine systems which detect threads from submarines and ensure fending-off attacks and threats – such as torpedoes.

Related Reports:

Underwater Warfare Market by Systems (Sonar, Electronic Warfare, Weapons, Communications, Unmanned), Platform (Submarine, Surface Ship, Naval Helicopter), Capability (Attack, Protect, Support) and Region - Global Forecast to 2028

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