Submarine sensors are highly powerful devices which conveys an electrical signal for representation of the physical parameter being measured. As marine based threats get intense, advanced devices are adopted by naval agencies for safety and threat detection purposes. Sensors improve processing as well as accuracy of data and reduces energy wastage. Advancement in electronics and semiconductor industry provides expansion of customer base and business for the market leaders.
COVID-19 scenario analysis:
The unanticipated demand downturn in defense sector caused by COVID-19 pandemic resulted in change in budget priorities of nations worldwide caused by restrictions.
Supply chain of raw materials associated with fabrication of the sensors were negatively impacted the manufacturers and suppliers of submarine sensors.
Naval bases and submarine construction activities are delayed due to lockdowns implemented throughout the globe.
After the outbreak of COVID-19 pandemic, the focus shifted towards research and development of healthcare sensors.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Improved accuracy and precision, rise of terrorism worldwide, and better sea-lane security are the factors that drive the submarine sensor market. However, shorter lifespan and initial cost for sensors deprive the submarine sensors possible market growth. Whereas, enhanced security and dynamic response favors the expansion of the market.
The submarine sensor market trends are as follows:
Improved accuracy and precision
Submarines provide superior intelligence, stealth ability to launch an offensive/defensive attack for the navy. Owing to this, submarines require state-of-the-art infrastructure and resources. For instance, NATO Centre for Maritime Research and Experimentation (CMRE) director Catherine Warner said that having extra set of sensors is important to make it possible for the pings to be audible when an active sonar source like the variable depth sonar on Alliance or a warship like Italian frigate ITS Carabiniere (F 581) sends out energy, several passive sensors are required to make it easier to detect the pings and recognize the type of submarine and its direction. Augmentation in data processing increases the demand of sensors and further assists in growth of the submarine sensor market.
Better sea-lane security
Sea-lane security involves resolution of a mix of threats such as migration, natural disasters interstate conflict, civil war, terrorism and piracy. For instance, on March 7, 2019, India and Russia signed a $3 billion deal for the lease of an advanced nuclear attack submarine which will be fitted with advance sensors and indigenous communication systems will provide India with offensive and area defending capability in the marine region. To secure maritime area nations are focusing on upgradation of naval forces which further enhances the market demand for submarine sensors.
Key benefits of the report:
This study presents the analytical depiction of the submarine sensor market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the submarine sensor market share.
- The current market is quantitatively analyzed to highlight the submarine sensor market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed submarine sensor market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the submarine sensor market research report:
- Which are the leading market players active in the submarine sensor market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Submarine Sensor Market Report Highlights
| Aspects | Details |
 By Submarine Type |
|
 By Technology |
|
 By Region |
|
 Key Market Players | L3 Technologies Inc., Safran Electronics and Defense, Thales Group, Raytheon Company, Northrop Grumman Corporation, Atlas Elektronik GmbH, Ducommun Incorporated, Harris Corporation, Leonardo DRS |
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