Overview of the global submarine sensors market

Technavio’s market research analysts predict the global submarine sensors market to grow at a CAGR of more than 3% by 2020. 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 sensors and 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.

The rising military expenditures in countries such as the US, the UK, Germany, France, and India, owing to the replacement of their existing military submarines have led to the inclusion of high-quality launch systems, missiles, and navigational payloads. The latest development in the market is the launch of Ohio Replacement Submarine, which is scheduled to enter service by 2031. These newer submarines will be integrated with the enhanced version of Virginia LAB sonar systems and BQQ-10 that enables the insertion of commercial-off-the-shelf (COTS) based processors. With the growing use of COTS-based components, the submarine operators can periodically update their hardware components and the software, resulting in the overall growth of the submarine sensors market.

Competitive landscape and key vendors

The global submarine sensors market is highly competitive, where vendors compete in terms of cost, product quality, reliability, and aftermarket service. To sustain themselves in the intensely competitive environment, vendors are offering cost-effective and high-quality sensors for submarines. Vendors are adopting lightweight materials and computer-based manufacturing technologies to ensure precision and accuracy of the sensors. The high demand for such advanced military submarines has created massive growth opportunities for the market vendors across the globe. Mergers and acquisitions, coupled with increased collaboration with alliance partners worldwide, is expected to drive the global submarine sensors market during the forecast period.

Leading vendors in the market are -

• ATLAS ELEKTRONIK
• Harris
• Lockheed Martin
• Northrop Grumman
• Raytheon
• Thales

Other prominent vendors in the submarine sensors market include DRS Technologies, Ducommun, L-3 KEO, and Safran Electronics & Defense.

Segmentation by application and analysis of the submarine sensors market

• SSN-nuclear attack submarine sensors
• SSK-diesel electric submarine sensors
• SSBN-ballistic missile submarine sensors

As per the Standardization Agreement (STANAG) that outlines the terms and conditions of the use of common military equipment between the allied member countries, SSNs have extensive usage among the US Navy and other NATO countries. These submarines have a high demand because of their operating benefits such as a longer operational life, higher speed, and improved efficiency when compared to the traditional diesel-electric powered submarines. For instance, the French Navy with its Barracuda-class submarine program is set to commission its three next-generation SSNs by 2018. These submarines are integrated with active and passive sensors, optronic and optical sensors, and electronic and data processing systems.

Geographical segmentation and analysis of the submarine sensors market

• Americas
• APAC
• EMEA

APAC occupies the largest market share in the market and will 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.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global submarine sensors market?
• What are the key market trends impacting the growth of the global submarine sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global submarine sensors market?
• What are the market opportunities and threats faced by the vendors in the global submarine sensors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global submarine sensors market?

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