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Naval Sensors Market Outlook 2030 -
Marine sensors are devices that are used to measure various parameters of marine vessels such as temperature, flow rate, level sensors, radar gauges, and others. These devices help in the analysis of the real-time data from various components and aid in improving the performance of the ship. Detection systems, which are integrated onto Naval Platforms, detect both systems as well as environmental changes associated with the platform. The premier information is used to develop strategic plans for naval operations. While the data obtained for system functionality is used by technology innovators to monitor the operation and maintenance aspects of the product. The flourishing shipbuilding industry as well as the increase in popularity of cruising as a means of transportation is projected to make way for tremendous growth advancements in the marine sensors market. Advanced sensors are also required in the defense sector for the integration of anti-jamming capabilities in the naval vessels as well as to support novel air and missile defense systems. These components serve as the link between the detection system and the environment. They are integrated onto the surface of technologies such as RADAR, SONAR, LIDAR, and EW systems to improve the combat abilities of a vessel.
COVID-19 Impact Analysis
The government initiative of lockdown to slow the spread of COVID-19 has impacted the military sensor developers due to workforce shortage. Sensor manufacturers are experiencing a lack of components supply, required for the development & manufacturing of naval sensors, as a result of the supply chain disruption caused by the COVID-19. Defense contractors that rely on the international workforce are experiencing short -term operational issues, due to government-imposed restrictions on travel to control the COVID-19 outbreak. Defense agencies are being forced to delay ongoing projects as well as research & development to comply with the lockdown imposed by authorities.
Top Impacting Factors
The Naval Sensor Market Trends are as Follows:
Autonomous ships are considered to hold significant market potential by several companies across geographies. These ships are expected to promote safe, efficient, and sustainable operations in the marine industry., South Korea has launched a project in 2019 to develop MASS by 2025. The aim is to construct vessels with the third level of autonomy as defined by the International Maritime Organization. The Korean Ministry of commerce, industry and energy as well as the Ministry of Oceans and Fisheries have formed a specific working group for the project and have allocated USD 132 million to it. The project aims to develop key technologies for autonomous navigation and system autonomy while also laying the foundation for early commercialization. Furthermore, autonomous ships utilize state-of-art sensors such as ultrasonic fuel flow sensor, capacitive fuel level sensor, light detection and ranging (LiDAR), and other sensors. Hence, the development of state-of-art sensors for autonomous ships will drive the global naval sensors market.
Key Benefits of the Report:
Questions Answered in the Naval Sensor Market Research Report:
Naval Sensors Market Report Highlights
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Key Market Players | Saab AB, Lockheed Martin, General Dynamics, TERMA A/S, HENSOLDT GmbH, L3 Harris Technologies, Northrop Grumman, Leonardo S.p.A, Raytheon, Thales. |
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