Page 28: of Marine Technology Magazine (October 2014)

Subsea Defense

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driven change in the industry. Underwater sensor and propul- sion innovation have enabled extended subsea endurance and has broadened the operational scope of today?s submarines. Mission pro les now include intelligence, surveillance and reconnaissance operations (ISR) and for the deployment of Special Forces on covert missions in hostile territory. The ver- satility of submarine operations is constantly adapting to meet the different types of global threat. Many other nations are looking to modernize their own  eet of submarines and a shift in procurement patterns is stimulat-ing collaboration and consolidation in the market. The Asia Paci c region is one such signi cant growth area for the sub- marine market. The jostling for power amidst a growing sense of hostility is fueling an arms race in the region and driving the need for submarine protection. Territorial disputes between counties are increasing and they are all primarily dependent upon maritime routes. South Korea is embarking on an in- digenous program of submarine construction and, due to its commercial acumen of driving down costs, will also give the country a platform to sell and build boats to other countries. Asia is expected to impact signi cantly on the submarine market over the next several years, with an estimated expen- diture of $46 billion dollars, a  gure matched by the whole of Europe on its submarine building programs. Currently the global market is dominated by America with 46% of all build, followed by Europe with 25%, Asia with 24% and Latin America with 5%. The Asia Paci c region has recovered from the global economic slowdown which is encouraging spend- ing on defene and in particular submarines. Hydro Group addresses diverse and in some cases rapidly changing markets, albeit the submarine programs move at a slower pace, the technological innovation developed is long Hydro Group Technician Subsea Defense Many other nations are looking to modernize their own ß eet of submarines and a shift in procurement patterns is stimulating collaboration and consolidation in the market. The Asia PaciÞ c region is one such signiÞ cant growth area for the submarine market. 28 MTROctober 2014MTR #8 (18-33).indd 28MTR #8 (18-33).indd 2810/10/2014 1:54:08 PM10/10/2014 1:54:08 PM

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Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.