Transparency Market Research’s latest report, “Submarine Sensor Market, Ballistic Missile Submarines, and Diesel Electric Submarine - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025”, eyes the intensely competitive vendor landscape of the global submarine sensors market. To compete in this highly competitive market, companies are focused on the development of advanced, high-quality, and economical products. Investments aimed at geographical expansion, improving R&D and distribution networks across lucrative regional markets, and strategic partnerships with leading submarine manufacturers are also some of the key growth strategies adopted by vendors operating in the global submarine sensors market.
According to the report, the global submarine sensor market is expected to expand at a CAGR of 3.6% over a period between 2017 and 2025, rising from a valuation of $230.48 million in 2016 to $315.17 million by 2025. Some of the leading companies operating in the global submarine sensors market are Atlas Elektronik, Safran Electronics & Defense, Harris, DRS Technologies, Lockheed Martin, L3 KEO, Northrop Grumman, Ducommun, and Raytheon.
Highlights
Acoustic Sensors to Witness More Preference and Increased Demand
Increased Deployment of Attack Submarines in Naval Sector to Drive Market
Submarines have grown to be an integral part of the defense sector in the recent years
North America and Europe together account for nearly half of the market
Market has been segmented as follows:
Submarine Sensor Market, by Sensor Type
•Sonar
•Acoustic
•Fiber Optic
•Electromagnetic
Submarine Sensor Market, by Submarine Type
•Nuclear-Powered Attack submarine (SSN)
•Ballistic Missile Submarines (SSBN)
•Diesel Electric Submarine (SSK)
Submarine Sensor Market, by Application
•Marine Environmental Monitoring
•Underwater species protection
•Detection of Oil Resources
•Underwater Communication
•Underwater Communication
•Others
If you are ready to dive, torpedo yourself a comprehensive brochure of the report or, dive deep into your pocket to purchase a copy.
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