Submarine Sensors Market Size will reach 28000 million US$ in 2025
Submarine sensors have grown to be an integral part of the defense sector in the recent years. Submarine sensors have witnessed significant growth during last two decade owing to increased usage of submarines by naval agencies across the world to address their intelligence, surveillance, and reconnaissance, (ISR) and communication requirements. The advances in acoustic sensor technology have positively contributed to the growth of the submarine sensors market. Consequently, the adoption of submarine sensor is growing rapidly in applications ranging from marine environmental monitoring to underwater communication. Moreover, the paradigm shift towards the adoption of acoustic sensors and sonar sensors is anticipated to result in healthy growth of submarine sensor market around the globe.
Naval agencies across the world are increasingly using submarines to address their intelligence, surveillance, and reconnaissance (ISR) and communication requirements. This has accelerated the development efforts towards increasing the stealth potential of submarine platforms so that these remain undetectable. The growing investments in acquiring enhanced sensorsand combat systems for attack submarines in countries such as the US, Russia, China, India, Iran, Japan, South Korea, and the UK are majorly driving the submarine sensors market. The advances in acoustic sensor technology, which result in the strengthening of the FOAS technology, will positively contribute to the growth of the submarine sensors market globally during the forecast period.
APAC occupies the largest market share in the market and continue to dominate the market during the forecast period. The territorial disputes over the South China Sea have increased maritime conflicts and encouraged neighboring countries to improve their naval competences to enforce their sovereignty and jurisdiction claims. The rise in procurement of new and advanced submarines that can improve the undersea warfare capabilities of regional naval forces by countries such as China, India, and Australia will boost the market for submarine sensors in the region.
In 2019, the market size of Submarine Sensors is 21400 million US$ and it will reach 28000 million US$ in 2025, growing at a CAGR of 3.4% from 2019
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Submarine Sensors. This report studies the global market size of Submarine Sensors, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Submarine Sensors production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025. For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology
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In global market, the following companies are covered:
- ATLAS ELEKTRONIK
- Lockheed Martin
- Northrop Grumman
- Raytheon
- Ducommun
- Safran Electronics & Defense
Market Segment by Product Type
- Simulation Submarine Sensors
- Digital Submarine Sensors
Market Segment by Application
- Detection of Oil Resources
- Water Environment Monitoring
- Underwater Species Protection
- Others
The study objectives are:
- To analyze and research the Submarine Sensors status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
- To present the key Submarine Sensors manufacturers, presenting the sales, revenue, market share, and recent development for key players.
- To split the breakdown data by regions, type, companies and applications
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
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