2015 Submarines Market Report Summary [email only]

  • Europe currently has the most countries operating submarines (14).

  • The Asia-Pacific region now operates the highest share of the world’s submarines (42 percent), with 12 countries currently operating these vessels.  

  • North Korea notably has the largest numerical holding of submarines at a fleet of 81, but 23 of these are midgets and most of the fleet submarines are obsolete.  

  • Over the next decade, it is expected that North America and the Asia-Pacific are expected to possess the largest submarine markets, with a cumulative market share of more than 62 percent, of which the SSN (nuclear-powered general-purpose attack) segment is expected to dominate.

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