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Global Airborne Detection Systems for Submarines Market Anticipated to Reach $1.16 Billion by 2026

Global Airborne Detection Systems for Submarines Market Anticipated to Reach $1.16 Billion by 2026

There has been growing underwater threats due to increasing wars and conflicts amongst the nations across the glove. Submarines are the most powerful underwater vessel that are used for performing stealth naval operations. These vessels operate quietly and possess underwater threats to various naval forces of other nations. Therefore, there arises the need for systems which can detect underwater threats from different platforms including air, water and surface. Airborne detection systems for submarines offer wide area coverage along with enhanced safety.

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The risk from underwater threats due to rising wars and conflicts has primarily driven the need for airborne detection systems for submarines. Moreover, the growing demand for strengthening the country’s military power by increasing defense budget is another factor for the growth of global airborne detection systems for submarines market. Several countries have increased their defense spending in order to procure more defense systems.
According to a new market intelligence report by BIS Research titled "Global Airborne Detection Systems …cast, 2017 - 2026", the global airborne detection systems for submarines market was $560 million in 2016 and is expected to reach $1.6 billion by 2026.

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The sonar systems pose life threats to the marine animals that could affect the growth of the global airborne detection systems for submarines market. The use of sound navigation and ranging systems could impact the highly sensitive marine animals. Moreover, the development of extremely silent submarines also becomes one of the challenges for the global airborne detection systems for submarines market. The submarine are getting advanced due to the development of latest propulsion technologies that generates less noise as compared with other systems. Therefore, it reduces the chances of the submarine detection by acoustic as well as non-acoustic methods. . Hence, there are growing number of a non-profit international environmental advocacy groups that oppose the use of such sensors underwater. In addition, technological developments in the field of airborne detection systems for submarines could become one of the greatest advantages for the market growth. The increasing trend of submarine adoption could impact the demand of airborne detection systems for submarines. The countries are actively looking for the latest technologies in the defense sector that could open number of opportunities for the growth of the market. Some of the leading manufacturers of airborne detection systems for submarines include BAE Systems, Lockheed Martin Corporation, Atlas Elektronik Gmbh, Saab, Raytheon Inc., L3 Ocean Systems, Northrop Grumman, Kongsberg Gruppen, Thales Group and Ultra Electronic.
Airborne detection systems for submarines are categorized on the basis of types that include sonobuoys, dipping sonars, radars and magnetic anomaly detection systems. Sonobuoys generated the highest revenue in 2016 and this trend is expected to remain the same until 2026. However, dipping sonar airborne detection systems for submarines is estimated to grow at the highest CAGR during 2016-2026 due to growing technological advancements and higher degree of safety.
According to Sneha Rawal, an analyst at BIS Research, “North America, Europe and Asia-Pacific are the prominent regions for the growth of global airborne detection systems for submarines market. North America dominated the global airborne detection systems for submarines market in 2016. The U.S. acquired the maximum market share in 2016 the North American region. The highest defense spending and increasing conflicts with other nations is the major reason behind the highest procurement of airborne detection systems for submarines in the U.S. However, the geographical analysis of this market unveils immense potential for growth in the Asia-Pacific countries.”
According to the analysis, countries such as China, India, Japan and South Korea are significantly contributing to the growth of the market in the Asia-Pacific region. China acquired the largest market share of airborne detection systems for submarines in the Asia-Pacific region, whereas, India is expected to show the highest growth rate, globally by the year 2026. Other countries that are contributing to the growth of airborne detection systems for submarines market include Singapore, Australia and Thailand. Moreover, due to less number of manufacturing companies in this region, there is a vast scope of opportunities for both the new and the already established market players. The U.K, Germany, France and Sweden are some of the prominent countries in Europe for the growth of global airborne detection systems for submarines market. The European market is likely to foresee numerous growth opportunities during the forecast period 2017-2026.

The increasing number of submarines across the world is expected to increase the requirement of airborne detection systems for submarines and is likely to propel the growth of the global airborne detection systems for submarines market in the coming future. Some of the prominent regions in rest of the world includes Middle-East, Africa and Latin America.
The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financial summary and SWOT analysis. The overall market has been segmented by types, namely: sonobuoys, dipping sonars, radars and magnetic anomaly detection systems. The report also includes a comprehensive section on the geographical analysis including country analysis for more than 10 different countries.
This report is a meticulous compilation of research on more than 50 players in the airborne detection systems for submarines ecosystem and draws upon the insights from in-depth interviews with the key opinion leaders of the leading companies, market participants and vendors. The report also profiles around 10 companies among which are Thales Group, Raytheon Inc. L3 Ocean Systems, BAE Systems, Kongsberg Gruppen, Northrop Grumman Corporation, Lockheed Martin Corporation, General Dynamics, Atlas Elektronik Gmbh and Saab.
Key questions answered in the report:
• What are the trends in the global airborne detection systems for submarines market across different regions?
• What are the major driving forces that tend to increase the demand of airborne detection systems for submarines during the forecast period?
• What are the major challenges inhibiting the growth of the global airborne detection systems for submarines market?
• What was the total revenue generated in the airborne detection systems for submarines industry by type in 2016, what are the estimates in 2017 and what will be the estimates by 2026?
• Which airborne detection systems for submarines type (sonobuoys, dipping sonars, radars and magnetic anomaly detection systems) will dominate the market in the coming years?
• What is the total market share of the airborne detection systems for submarines industry by region?
• What was the total revenue generated by each airborne detection systems for submarines type for different regions in the airborne detection systems for submarines industry in 2016, what are the estimates in 2017 and what will be the estimates by 2026?
• Who are the key players in the airborne detection systems for submarines market?
• What are the new strategies adopted by the existing market players to make a mark in the industry?
• What major opportunities do the airborne detection systems for submarines companies foresee?
• What is the total market share of the leading players in the global airborne detection systems for submarines industry?
• Detailed SWOT analysis of top 10 leading players is included in the report
• Porter’s Five Forces analysis has been included in the report for airborne detection systems for submarines market.

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