Airborne Detection Systems for Submarines Market Players, Competition, Situation & Trends Research Report

Posted on 2019-07-23 by P&S Intelligence in Automotive // 0 Comments

Airborne Detection Systems for Submarines Market

The global airborne detection systems for submarines market is projected to reach $930.9 million by 2023, according to P&S Intelligence.

The market growth is primarily driven by increasing defense budget coupled with the growing number of conflicts among countries sharing sea borders. Countries, across the globe, are focusing on their defense programs and increasing their defense budget for the procurement of warfare equipment. They are taking such measures to strengthen their defense capabilities and protect themselves from any kind of enemy attack, including underwater threats and warfare activities. Thus, increase in defense spending is resulting in the growing demand for advanced airborne detection systems for submarines.

Insights on market segments

On the basis of type, the airborne detection systems for submarines market has been categorized into sonobuoys, dipping sonars, radars, magnetic anomaly detection (MAD) systems.Sonobuoys are estimated to hold the largest share, of 40.0%, in the market in 2017 and are expected to continue dominating the market during the forecast period as well. Advantages of sonobuoys, such as lower cost and quicker deployment, over other airborne detection systems for submarines have contributed to their market growth.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/airborne-detection-systems-submarines-market/report-sample

Research and development activities are paving the way for innovative technologies that can detect submarines through airborne platforms. Airborne platforms, such as helicopters and fixed-wing aircraft, are equipped with detection systems or sensors for tracking submarines. MAD system is one such recent advancement in the airborne detection systems for submarines market. It is a highly sensitive magnetometer that detects submarines by tracking changes in the Earth’s magnetic field caused by submarines.

North America stands as the largest market for airborne detection systems for submarines

Globally, North America is estimated to hold the largest share in the airborne detection systems for submarines market in 2017, with the U.S. contributing a significant share to the market. This can be attributed to the fact that some of major manufacturers of airborne detection systems meant for submarines are based in the North American region. With the growing focus of countries, across the world, on anti-submarine warfare (ASW) capabilities, North American countries, such as the U.S. and Canada, too are increasingly working toward enhancing their defense competency with the development and adoption of advanced detection solutions, such as airborne detection systems for submarines.

Besides, several major manufacturers in the airborne detection systems for submarines market are based in North America. Some of them are L-3 Communications Holdings Inc., General Dynamics Corporation, and Lockheed Martin Corporation.

Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=airborne-detection-systems-submarines-market

Competitive Landscape

Companies in the airborne detection systems for submarines market are taking strategic measures to gain more share in the market. These strategic moves include mergers and acquisitions, business expansions, and partnerships. Ultra Electronics Holdings plc is one of the largest manufacturers in the world that supply airborne detection systems for submarines to the U.S. Department of Defense (DoD) and its allies.

Some of the other major players operating in the global airborne detection systems for submarines industry are L3 Ocean systems, ATLAS ELEKTRONIK GmbH, BAE Systems plc, Saab AB, Raytheon Company, Thales Group, Northrop Grumman Corporation, Lockheed Martin Corporation, Kongsberg Gruppen ASA, and General Dynamics Corporation.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Matched content

Editor’s pick