New York, NY, Sept. 17, 2019 (GLOBE NEWSWIRE) -- 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, 2018–2025”. According to the report, the global submarine sensor market was USD 245 million in 2018 and is expected to reach around USD 310 million by 2025, at a CAGR of 3.5% between 2019 and 2025.
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 through 54 Tables & 29 Figures spread over 120 Pages and in-depth TOC on “Global Submarine Sensor Market: By Sensor Type, Applications, Industry Size, Share, Trends, Analysis, and Forecast, 2018–2025”.
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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.
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North America held the largest share of the submarine sensor market globally in 2018. 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. Moreover, the growing international territorial disputes are likely to fuel the demand for more advanced submarines, which will eventually drive the region’s submarine sensor market along with the increasing use of underwater communication systems.
In 2018, Europe held the second-largest share of the global submarine sensor market. Europe is home to some of the largest navies in the world, such as Russia, France, and the UK. The European countries are majorly investing in defense, which is a major driving factor for the European submarine sensor market along with the increasing use of submarines for sea exploration.
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, 2018–2025” Report at https://www.zionmarketresearch.com/report/submarine-sensor-market
The Asia Pacific submarine sensor market is anticipated to record the highest CAGR over the forecast 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. The increasing number of advanced submarines to enhance the capacities of the regional naval forces submarine warfare by China, India, and Australia will also boost the submarine sensors market in the Asia Pacific.
Latin America held a considerable submarine sensor market share in 2018 and is expected to grow moderately over the forecast time period. This can be attributed to the increasing investments made in the defense and surveillance infrastructure in Brazil, Chile, and Argentina. The Middle East and Africa is projected to record considerable growth in the submarine sensor market, owing to the rising submarines usage for underwater oil and gas exploration across the Middle East region. Saudi Arabia Oil Company launched a new autonomous underwater vehicle (AUV), aiming to conduct offshore platform waste surveys to spot seabed clearance and potential wastes.
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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.
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This report segments the global submarine sensor market into:
Global Submarine Sensor Market: Sensor Type Analysis
- Sonar Sensor
- Fiber Optic Sensor
- Electromagnetic Sensor
- Acoustic Sensor
Global Submarine Sensor Market: Submarine Type Analysis
- Ballistic Missile Submarines (SSBN)
- Nuclear-Powered Attack Submarines (SSN)
- Diesel Electric Submarines (SSK)
Global Submarine Sensor Market: Application Analysis
- Marine Environmental Monitoring
- Detection of Oil Resources
- Underwater Species Protection
- Underwater Communication
- Others
Global Submarine Sensor Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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