Oh, clearly. Though Midway was remarkable for being the first ship-to-ship battle on open sea decided by carrier-based planes, those planes sank other carriers, not battlewagons. I grant you that the major Axis battleships that were sunk in WW2 were sunk by planes, but were those carrier-based planes or land-based? I don't know the fate of every Japanese battleship, but I'm pretty sure that more of them faced combat with other battleships than carriers. I think the advances in submarines were the biggest and most devastating advances in naval warfare in WW2, crippling the Japanese merchant marine.
This will be off the top of my head so excuse any missing. And due thanks to John Keegans books for filling my head with wonderfully useless information, until now.
Germans
Graf Spee: Scuttled after surface action 1939.
Bismarck: Scuttled after carrier aircraft attack and surface action 1941.
Scharnhorst: Sunk in surface action 1943.
Tirpitz: Sunk by Lancasters armed with dambuster bombs. 1944
Italy
Conte De Cavour: Sunk by carrier aircraft at Taranto
I think there was another but cannot remember.
Japan
Yamato: Sunk by carrier aircraft 1945
Musashi: Sunk by carrier aircraft 1944
Kongo: Sunk by submarine 1944
Haruna: Sunk by carrier aircraft 1945
Kirishima: Sunk by surface action 1942
Hiei: Sunk by carrier aircraft operating from Guadalcanal after surface action 1942
Mutsu: survived war, sunk at Bikini Atoll
Nagato: badly damaged by carrier aircraft, suvived war as coastal defence, Sunk at Bikini Atoll
Ise: Sunk by carrier aircraft 1945
Fuso: Sunk by destroyer torpedo attack.
I probably missed a couple, best I can do right now.
On the submarine, I agree the Americans devastated the Japanese merchant marine but I'm not so sure it was due to techological developments. The Japanese record is just atrocious. They rejected convoy tactics for all merchant ships until late in the war. Their ASW tactics were terrible, badly underestimating the dive depths of US subs. They did not develop an advanced radar, the number one weapon against submarine attack, Their sonar development was awful. Cooperation between merchant marine, regular navy and the air force was non-existent. For me, the development of the submarine as the new capital ship of the navy came in the post war period.