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According to the latest research, the global Submarine Periscope and Optronic Mast market size was valued at USD 203.3 million in 2022 and is expected to expand at a CAGR of 6.44% during the forecast period, reaching USD 295.62 million by 2028.
Submarine periscope is a photoelectric (optical) equipment used by submarines to observe surface and air targets at a certain depth underwater. A submarine periscope's basic purpose is to allow submarine crews to see objects above the water while the ship remains submerged. The optronics mast provides the imaging, navigation, electronic warfare and communications functions of a conventional optical periscope.
On February 24, 2022, Russia launched a special military operation in the Donbas region, which later developed into a military operation against the entire Ukraine. The conflict between Russia and Ukraine is still ongoing. Some countries have begun to increase defense expenditures, and non-NATO members may also increase defense expenditures accordingly. In Europe, with the outbreak of the Russia-Ukraine conflict, strengthening armaments has become a consensus in Europe, and it is expected that military expenditure in Europe will rise sharply in 2022. Countries including Germany, Denmark, Sweden and Italy have all said they would increase military spending to 2 percent of gross domestic product. In the next ten years, the focus of European military development is to strengthen the defense capabilities of the homeland. The arms race triggered by the Russo-Ukraine war will promote the development and transformation of submarines, which will drive the demand for submarine periscopes and electro-optical masts.
1 Drivers
1.1 Increased military spending in Europe and the United States drives the market for submarine periscopes and optronic masts.
1.2 With the increase in defense expenditure in the Asia-Pacific region, submarine periscopes and photoelectric masts have market potential.
1.3 The application of submarine periscope and optronic mast on civilian submarines has market potential.
2 Market Challenges and Impact
2.1 High industry barriers.
Military equipment has the trend of remote precision, intelligence and modernization. The selection and use conditions of submarine periscopes and photoelectric masts are strict and have high industry barriers. Supplier switching costs are high, and military customers pay more attention to product performance and reliability.
Region Overview:
Asia Pacific was the largest revenue market with a market share of 35.44% in 2017 and 38.84% in 2022, an increase of 3.41%. In 2022, Europe market share was 37.50%, ranking second.
Company Overview:
Hensoldt Optronics GmbH (Airbus DS Optronics)
HENSOLDT is a German champion in the defence industry with a leading market position in Europe and a global reach. As a technology leader, HENSOLDT also continuously expands its Cyber portfolio and develops new products to combat a wide range of threats based on innovative approaches to data management, robotics and cybersecurity.
L3 KEO
L3 KEO employs a full spectrum of engineering and manufacturing disciplines to design and build sensor systems for submarines, surface ships, combat vehicles, and other defense platforms.
Submarine Periscope and Optronic Mast companies are mainly from Europe and United States; the industry concentrate rate is relativity high. The market share of the top three companies in 2021 was 57.29%. The top three companies are Hensoldt Optronics GmbH (Airbus DS Optronics), L3 KEO and Thales, with the revenue market share of 27.94%, 15.63% and 13.72% in 2021.
Segmentation Overview:
Periscope
A periscope is an instrument for observation over, around or through an object, obstacle or condition that prevents direct line-of-sight observation from an observer's current position. More complex submarine periscopes using lenses, mirrors, prisms and providing magnification operate on submarines.
Optronic Mast
An optronics mast (or photonics mast) is a sensor on a submarine that functions similarly to a periscope without requiring a periscope tube, thus freeing design space during construction and limiting risks of water leakage in the event of damage. An optronics mast replaces the mechanical, line-of-sight viewing system with digital equipment, similar to a digital camera array, and it has fewer locational and dimensional constraints than a traditional periscope.
Among different product types, the Optronic Mast segment is anticipated to contribute the largest market share in 2027.
Application Overview:
According to different application scenarios of periscope and optronic mast, it can be divided into retrofit submarines and newly built submarines.
By application, the New-build Submarines segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Submarine Periscope and Optronic Mast industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Submarine Periscope and Optronic Mast. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Submarine Periscope and Optronic Mast Market Report Include:
Market Size Estimates: Submarine Periscope and Optronic Mast market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Submarine Periscope and Optronic Mast market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Submarine Periscope and Optronic Mast market
Segment Market Analysis: Submarine Periscope and Optronic Mast market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Submarine Periscope and Optronic Mast market situations and prospects in major and top regions and countries
Submarine Periscope and Optronic Mast Market
Submarine Periscope and Optronic Mast Industry Chain: Submarine Periscope and Optronic Mast market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Submarine Periscope and Optronic Mast Industry News, Policies by regions
Submarine Periscope and Optronic Mast Industry Porters Five Forces Analysis
Key players in the global Submarine Periscope and Optronic Mast market are covered in Chapter 2:
Hensoldt Optronics GmbH (Airbus DS Optronics)
BAE
L3 KEO
Safran
MacTaggart Scott
Thales
In Chapter 6 and Chapter 9, on the basis of types, the Submarine Periscope and Optronic Mast market from 2018 to 2028 is primarily split into:
Periscope
Optronic Mast
In Chapter 7 and Chapter 10, on the basis of applications, the Submarine Periscope and Optronic Mast market from 2018 to 2028 covers:
Retrofit Submarines
New-build Submarines
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Submarine Periscope and Optronic Mast market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Submarine Periscope and Optronic Mast industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Submarine Periscope and Optronic Mast market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Submarine Periscope and Optronic Mast industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Submarine Periscope and Optronic Mast market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Submarine Periscope and Optronic Mast market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Submarine Periscope and Optronic Mast market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Submarine periscope is a photoelectric (optical) equipment used by submarines to observe surface and air targets at a certain depth underwater. A submarine periscope's basic purpose is to allow submarine crews to see objects above the water while the ship remains submerged. The optronics mast provides the imaging, navigation, electronic warfare and communications functions of a conventional optical periscope.
On February 24, 2022, Russia launched a special military operation in the Donbas region, which later developed into a military operation against the entire Ukraine. The conflict between Russia and Ukraine is still ongoing. Some countries have begun to increase defense expenditures, and non-NATO members may also increase defense expenditures accordingly. In Europe, with the outbreak of the Russia-Ukraine conflict, strengthening armaments has become a consensus in Europe, and it is expected that military expenditure in Europe will rise sharply in 2022. Countries including Germany, Denmark, Sweden and Italy have all said they would increase military spending to 2 percent of gross domestic product. In the next ten years, the focus of European military development is to strengthen the defense capabilities of the homeland. The arms race triggered by the Russo-Ukraine war will promote the development and transformation of submarines, which will drive the demand for submarine periscopes and electro-optical masts.
1 Drivers
1.1 Increased military spending in Europe and the United States drives the market for submarine periscopes and optronic masts.
1.2 With the increase in defense expenditure in the Asia-Pacific region, submarine periscopes and photoelectric masts have market potential.
1.3 The application of submarine periscope and optronic mast on civilian submarines has market potential.
2 Market Challenges and Impact
2.1 High industry barriers.
Military equipment has the trend of remote precision, intelligence and modernization. The selection and use conditions of submarine periscopes and photoelectric masts are strict and have high industry barriers. Supplier switching costs are high, and military customers pay more attention to product performance and reliability.
Region Overview:
Asia Pacific was the largest revenue market with a market share of 35.44% in 2017 and 38.84% in 2022, an increase of 3.41%. In 2022, Europe market share was 37.50%, ranking second.
Company Overview:
Hensoldt Optronics GmbH (Airbus DS Optronics)
HENSOLDT is a German champion in the defence industry with a leading market position in Europe and a global reach. As a technology leader, HENSOLDT also continuously expands its Cyber portfolio and develops new products to combat a wide range of threats based on innovative approaches to data management, robotics and cybersecurity.
L3 KEO
L3 KEO employs a full spectrum of engineering and manufacturing disciplines to design and build sensor systems for submarines, surface ships, combat vehicles, and other defense platforms.
Submarine Periscope and Optronic Mast companies are mainly from Europe and United States; the industry concentrate rate is relativity high. The market share of the top three companies in 2021 was 57.29%. The top three companies are Hensoldt Optronics GmbH (Airbus DS Optronics), L3 KEO and Thales, with the revenue market share of 27.94%, 15.63% and 13.72% in 2021.
Segmentation Overview:
Periscope
A periscope is an instrument for observation over, around or through an object, obstacle or condition that prevents direct line-of-sight observation from an observer's current position. More complex submarine periscopes using lenses, mirrors, prisms and providing magnification operate on submarines.
Optronic Mast
An optronics mast (or photonics mast) is a sensor on a submarine that functions similarly to a periscope without requiring a periscope tube, thus freeing design space during construction and limiting risks of water leakage in the event of damage. An optronics mast replaces the mechanical, line-of-sight viewing system with digital equipment, similar to a digital camera array, and it has fewer locational and dimensional constraints than a traditional periscope.
Among different product types, the Optronic Mast segment is anticipated to contribute the largest market share in 2027.
Application Overview:
According to different application scenarios of periscope and optronic mast, it can be divided into retrofit submarines and newly built submarines.
By application, the New-build Submarines segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Submarine Periscope and Optronic Mast industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Submarine Periscope and Optronic Mast. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Submarine Periscope and Optronic Mast Market Report Include:
Market Size Estimates: Submarine Periscope and Optronic Mast market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Submarine Periscope and Optronic Mast market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Submarine Periscope and Optronic Mast market
Segment Market Analysis: Submarine Periscope and Optronic Mast market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Submarine Periscope and Optronic Mast market situations and prospects in major and top regions and countries
Submarine Periscope and Optronic Mast Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Submarine Periscope and Optronic Mast Industry Chain: Submarine Periscope and Optronic Mast market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Submarine Periscope and Optronic Mast Industry News, Policies by regions
Submarine Periscope and Optronic Mast Industry Porters Five Forces Analysis
Key players in the global Submarine Periscope and Optronic Mast market are covered in Chapter 2:
Hensoldt Optronics GmbH (Airbus DS Optronics)
BAE
L3 KEO
Safran
MacTaggart Scott
Thales
In Chapter 6 and Chapter 9, on the basis of types, the Submarine Periscope and Optronic Mast market from 2018 to 2028 is primarily split into:
Periscope
Optronic Mast
In Chapter 7 and Chapter 10, on the basis of applications, the Submarine Periscope and Optronic Mast market from 2018 to 2028 covers:
Retrofit Submarines
New-build Submarines
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Submarine Periscope and Optronic Mast market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Submarine Periscope and Optronic Mast industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Submarine Periscope and Optronic Mast market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Submarine Periscope and Optronic Mast industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Submarine Periscope and Optronic Mast market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Submarine Periscope and Optronic Mast market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Submarine Periscope and Optronic Mast market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
