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Learn details of the submarine sensors market to grow at 3.12% CAGR from 2016 to 2020

The analysts forecast global Submarine Sensors Market to grow at a CAGR of 3.12% during the period 2016-2020. A submarine employs a comprehensive array of sensors consisting of a group of passive and active sonars to detect targets. includes new research report onGlobal Submarine Sensors Market 2016-2020. This report covers the present scenario and the growth prospects of the global Submarine Sensors Market for 2016-2020.

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Active sonar sensors record audible pings to generate echoes and reveal objects around the submarine. However, while doing so, active sonars can simultaneously reveal the submarine’s presence to the enemies.

Therefore, the use of sonars is increasingly becoming unpopular among naval forces. The passive sonar sensors consist of a set of different and sensitive hydrophones that are integrated into the hull or trailed in a towed array.

The report, Global Submarine Sensors Market 2016-2020, covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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One of latest trends in the market is Ohio-class submarine replacement program. Countries that have high military expenditures, such as the US, the UK, Germany, France, and India, are expected to replace their existing military submarines in the near future, as most of these submarines have either retired or reached the end of their operational life cycle.

The replacement of vessels would result in higher investments that would enable the inclusion of high-quality launch systems, missiles, and navigational payloads.

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Key vendors
Lockheed Martin
Northrop Grumman

Other prominent vendors

DRS Technologies
Safran Electronics & Defense

Market driver
Advancement of electromagnetic and acoustic sensors.
For a full, detailed list, view our report

Market challenge
High maintenance and retrofitting costs.
For a full, detailed list, view our report

Market trend
Ohio-class submarine replacement program.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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