Submarine Sensor Market to 2024 with Lockheed Martin, Northrop Grumman, Atlas Elektronik, Harris Corporation, Thales Group, Raytheon, Safran Electronics & Defense dominating

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.

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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.

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.

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 R&D efforts in the development of the latest technologies in submarines will propel the submarine sensor market growth.

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