Submarine Sensor Market share forecast to witness considerable growth from 2018 to 2024

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Submarine Sensor Market Share, Segmentation,
Report 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of Submarine Sensor Market

• The submarine sensor market in Asia Pacific is
  anticipated to witness growth due to the
  increasing focus of several government
  organizations in the deployment of submarines. In
  April 2016, the government of Australia announced
  that it will be spending USD 50 billion on a
  fleet of 12 submarines that will be built in
  South Australia by French shipbuilding company
  DCNS. In September 2017, China added a
  nuclear-powered submarine to its expanding fleet
  of submarines. In March 2018, The Japan Maritime
  Self-Defense Force (JMSDF) commissioned one of
  the most advanced diesel electric attack
  submarines. Several government investments in the
  submarine sector coupled with the flourishing
  electronics industry will fuel the submarine
  sensor market growth in Asia Pacific.
• Submarine Sensor Market size is expected to
  witness growth due to the increasing focus of
  various governments to expand the undersea
  warfare capacities in naval forces. Naval
  agencies are using submarines to cater to their
  reconnaissance, surveillance, intelligence and
  communication requirements. It has compelled the
  submarine manufacturers to infuse advanced
  technologies in submarines to expand the stealth
  potential and undersea proficiencies. The rise in
  the number of territorial disputes and maritime
  conflicts is encouraging countries to improve
  their naval competences, propelling the submarine
  sensor market growth. For instance, in 2017, the
  defense ministry in India initiated a deal to
  build six advanced stealth submarines to
  strengthen the warfare capabilities.

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• Technological advancements in the sensor industry
  driven by the growing electronics sector globally
  will expand the submarine sensor market growth.
  The advent of technologies such as AI and IoT
  coupled with the developments in sensors will
  enable enhanced remote monitoring and controlling
  of the submarine. The development of
  electromagnetic sensors that enable accurate
  object detection will support the industry
  growth. The introduction of wireless technologies
  will further enable an enhanced transmission of
  data collected by the sensors. The underwater
  sensor network facilitates the water quality and
  underwater habitat monitoring. These components
  can also be used for underwater exploration of
  pipes and gas lines. The enhanced sensor and
  capabilities powered by low cost and high-speed
  electronic circuits are anticipated to propel the
  submarine sensor market growth.
• The rising deployment of attack submarines that
  demand advanced technologies is anticipated to
  drive the submarine sensor market from 2018 to
  2024. In volatile situations, the submarine can
  be dispatched quietly for surveillance purposes.
  The advancements in the attack submarines are
  also key factors encouraging their adoption by
  the naval agencies. The use of real-time
  analytics, large databases, sensor inputs, and
  computer algorithms enhances the capabilities of
  attack submarines thereby increasing their
  maneuverability and ability to change speed,
  shift course or modify the depth positioning
  during an attack. The need for improved undersea
  detection and navigation to face enemy attacks
  will support the submarine sensor market growth.

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• The installation and designing of
  technologically-advanced submarines involve the
  complex integration of hardware and software. The
  high maintenance costs associated with these
  submarines will hamper the submarine sensor
  market growth. Moreover, data breaching owing to
  cyber wars is also hindering the submarine sensor
  market growth. Technological advancements have
  led to a rise in the number of cyber security
  attacks. The risk of the unwanted transfer of
  critical and sensitive data in AI-infused
  submarines will restrict the industry growth.
• The improvements in the acoustic sensor
  technologies will contribute to the submarine
  sensor market growth. Maximum undersea deployment
  comprises acoustics for facilitating
  communication and enhanced operation in harsh sea
  environments. Acoustic sensors can be used for
  longer distances than RF sensors. Underwater
  communication systems mostly use acoustic
  technology for an efficient data transfer.
  Acoustic propagation is vital to successful
  signal processing, making it a preferred choice
  for real-time communication. These sensors are
  predicted to be an integral part of the ongoing
  IoT development in submarines owing to their
  applications in areas where radio frequency
  signal is not suitable.

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• The demand for fast attack submarines (SSN) will
  drive the submarine sensor market growth. They
  are designed for seeking and destroying enemy
  surface ships and submarines that carry out
  surveillance and intelligence missions and for
  supporting battle group operations. SSNs can also
  be used to attack specific targets with the
  launch of speedy missiles. The characteristics
  such as longer endurance and high speed offered
  by SSNs are thereby increasing their demand,
  fueling the submarine sensor market growth.
• The submarine sensor market will witness growth
  owing to the demand for enhanced underwater
  communication. Underwater wireless communications
  play a crucial role in marine activities such as
  scientific data collection, underwater
  exploration, and environmental monitoring. With
  the rapidly-advancing technology, underwater
  communication has become a booming field with
  broad applications in military and commercial
  water-based systems. It is also used for remote
  control in the offshore oil industry and for
  disaster detection. The ongoing research and
  development in the wireless and real-time
  communication technologies are expected to
  contribute to the submarine sensor market growth.

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• Key players operating in the submarine sensor
  market include Lockheed Martin, Northrop Grumman,
  Atlas Elektronik, Harris Corporation, Thales
  Group, Raytheon, and Safran Electronics
  Defense. The industry is highly consolidated with
  a few players holding the majority of the market
  share. The high initial investments in the design
  and installation of submarines pose barriers to
  new players in entering the industry. The
  government relies on established players for the
  deployment of submarines to ensure quality and
  operational efficiency. Increasing RD efforts in
  the development of the latest technologies in
  submarines will propel the submarine sensor
  market growth.

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Methodology

• Market
  research reports Key analytical components

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