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Allied Market Research

Submarine Sensor Market by Submarine Type (Diesel Electric Submarine (SSK), Nuclear-Powered Attack Submarine (SSN), and Ballistic Missile Submarines (SSBN)), Type (Sonar, Acoustic, Fiber Optic, and Electromagnetic), Application (Monitoring of Marine Environmental, Protection of Underwater Species, Oil Resources Detection, Underwater Communication, and Others), and Technology (CMOS, MEMS, NEMS, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10212
Pages: NA
Jun 2021 | 196 Views
 
Author(s) : NA
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COVID-19

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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.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Submarine Type, Type, Application, Technology, and Region

  Regions covered

North America (The U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Ducommun Incorporated, Leonardo DRS, Thales Group, Safran Electronics and Defense, Harris Corporation, Raytheon Company, Atlas Elektronik GmbH, L3 Technologies, Inc., Leonardo DRS, and Northrop Grumman Corporation

 

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 segments covered:

Segments

Sub-segments

  Submarine Type

  • Diesel Electric Submarine (SSK)
  • Nuclear-Powered Attack submarine (SSN)
  • Ballistic Missile Submarines (SSBN)

  Type

  • Sonar
  • Acoustic
  • Fiber Optic
  • Electromagnetic

  Application

  • Monitoring of Marine Environmental
  • Protection of Underwater Species
  • Oil Resources Detection
  • Underwater Communication
  • Others

  Technology

  • CMOS
  • MEMS
  • NEMS
  • Others

 

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 from 2020 to 2027 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?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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