Global Submarine Sensor Market was valued US$ XX Bn in 2018 and is expected to reach XX Bn by 2026, at a CAGR of XX % during a forecast period.
Global Submarine Sensor Market
Submarine sensors have witnessed significant growth thank to the usage of submarines by naval agencies across the globe to address their intelligence, surveillance, and reconnaissance, (ISR) and communication requirements. Additionally, an increase in military expenditures in countries like US, UK, Germany, France, and India, because of the replacement and advancement needed in existing military submarines are expected to increase the inclusion of high-quality launch systems, missiles, and navigational payloads.
On the other hand, high maintenance costs and numerous cyber-security threats associated with the submarine sensors are expected to limit the market growth in the global submarine sensor market. An increase in investment by the defense sectors of various countries on underwater warfare competences is expected to provide illustrative opportunities for the key players operating in the global submarine sensors market.
Technical development in the acoustic sensor technologies is expected to contribute significant share in the global submarine sensor market. The maximum undersea deployment includes acoustics for enabling communication and enhanced operation in harsh sea environments. Acoustic sensors are used for longer distances than RF sensors. Acoustic propagation is a preferred choice for real-time communication. These sensors are expected to be an integral part of the ongoing IoT development in submarines because of its usage in the applications area where the radio frequency signal is not suitable.
Nuclear-Powered Attack submarine (SSN) is expected to grow at a XX% rate of CAGR during the forecast period. SSNs have widespread usage among the US Navy and other countries. The demand for SSNs submarine is increasing because of their operating benefits like a longer operational life, higher speed, and improved efficiency over the traditional diesel-electric powered submarines. For instance, in 2018, the French Navy with its Barracuda-class submarine program is set to commission its three next-generation SSNs. These submarines are incorporated with active and passive sensors, optronic and optical sensors, and electronic and data processing systems.
Region-wise, North America region held the major share of the global submarine sensor market in 2018. The U.S. has the world’s prime navy sector. An increase in technological adaptions submarine sensors by the U.S. naval ships are driving the growth in the submarine sensor market. Additionally, the increasing international territorial disputes are expected to fuel the demand for more advanced submarines, which will ultimately drive the region’s submarine sensor market along with the growing usage of underwater communication systems.
The objective of the report is to present comprehensive analysis of global submarine sensor market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding global submarine sensor market dynamics, structure by analysing the market segments, and project the global submarine sensor market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the global submarine sensor market make the report investor’s guide.
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The Scope of the Report for Global Submarine Sensor Market
Global Submarine Sensor Market, By Sensor Type
• Acoustic
• Sonar
• Electromagnetic
• Fiber Optic
Global Submarine Sensor Market, By Submarine Type
• Nuclear-Powered Attack submarine (SSN)
• Ballistic Missile Submarines (SSBN)
• Diesel Electric Submarine (SSK)
Global Submarine Sensor Market, By Application
• Marine Environmental Monitoring
• Detection of Oil Resources
• Underwater Species Protection
• Underwater Communication
• Other
Global Submarine Sensor Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Submarine Sensor Market
• Harris Corporation
• L3 Technologies, Inc.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Atlas Elektronik GmbH
• DRS Technologies
• Ducommun Incorporated
• Leonardo DRS
• Raytheon Company
• Safran Electronics and Defense
• Thales Group
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