05-Sep-2024 | Zion Market Research
Zion Market Research has published a new report titled “Submarine Sensor Market By Sensor Type (Sonar, Fiber Optic, Electromagnetic, and Acoustic), By Submarine Type (Ballistic Missile, Nuclear-Powered Attack, and Diesel Electric), and By Application (Marine Environmental Monitoring, Detection of Oil Resources, Underwater Species Protection, Underwater Communication, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. According to the report, the global submarine sensor market was USD 287.08 Million in 2023 and is expected to reach around USD 396.05 Million by 2032, at a CAGR of 3.64% between 2023 and 2032.
Advancements in the abilities of submarine detection weaken the stealth upon which submarines are dependent for their survival. Advancements are backed up by the sensitivities of sensors, robotics, seabed infrastructure, and communications technology. Submarine navigation needs special skills and techniques that surface ships do not possess. Submarine navigation is increasingly challenging as submarines spend a long time underwater and travel more distances at high speeds. Military submarines travel underwater with no windows or lights in an environment of total darkness. Thus, the need for submarine sensors is increasing worldwide.
Browse the full “Submarine Sensor Market By Sensor Type (Sonar, Fiber Optic, Electromagnetic, and Acoustic), By Submarine Type (Ballistic Missile, Nuclear-Powered Attack, and Diesel Electric), and By Application (Marine Environmental Monitoring, Detection of Oil Resources, Underwater Species Protection, Underwater Communication, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/submarine-sensor-market
The increasing use of sensor inputs and computer algorithms amplifies the capability of submarines to attain more accurate control and change speed, shift course, or change depth positioning while attacking. Thus, the need for submarine detection and navigation to confront adverse attacks has been on the rise, eventually driving the submarine sensor market globally. The increasing investments made in anti-submarine ships and aircraft are likely to generate more opportunities for the submarine sensor market worldwide. Moreover, the need for improved naval security will further support the submarine sensor market. However, the high cost and maintenance of submarine detection sensor may limit the market for the submarine sensor.
The submarine sensor market is based on sensor type, submarine type, and application. By sensor type, the submarine sensor market includes sonar, electromagnetic, fiber optic, and acoustic sensors. By submarine type, the global market includes ballistic missile, nuclear-powered attack, and diesel-electric submarines. By application, the submarine sensor market comprises detection of oil resources, marine environmental monitoring, underwater communication, underwater species protection, and others.
North America held the largest share of the submarine sensor market globally in 2023. The U.S. has the world’s largest navy, and the increased technological adaptions submarine sensors by the U.S. naval ships are boosting this market. Europe holds a significant share in the submarine sensor market globally, as European countries of Russia, the UK, and France are developing new anti-submarine aircraft and ships equipped with submarine sensors for improving their naval powers to enforce their claims of sovereign rights. The Asia Pacific submarine sensor market is anticipated to record the highest CAGR over the forecasted time period. Growing tensions in the South China Sea has forced neighboring countries to improve their naval capabilities, which is a major factor driving this regional market.
Some major players operating in the submarine sensor market are Lockheed Martin, Harris, Atlas Elektronik, Safran Electronics & Defense, Northrop Grumman, DRS Technologies, Ducommun, Raytheon, and L3 KEO.
This report segments the global submarine sensor market into:
Global Submarine Sensor Market: Sensor Type Analysis
Global Submarine Sensor Market: Submarine Type Analysis
Global Submarine Sensor Market: Application Analysis
Global Submarine Sensor Market: Regional Analysis
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