What are Key Factors Propelling Growth of Global Airborne Detection Systems for Submarines Market? Top Key Players are ATLAS ELEKTRONIK GmbH, BAE Systems, Inc., General Dynamics, Lockheed Martin, Northrop Grumman, Saab

One of the major factors fuelling the rising integration for airborne detection systems, for submarines, is the soaring defense budget of many countries across the world. Several nations are increasingly focusing on modernizing their defense programs, thus leading to the purchase of advanced defense equipment, such as arms, lethal systems, and various other kinds of weapons and weapons systems. For instance, for the fiscal year (FY) 2018, the U.S. Department of Defense asked the government for a budget worth $639.1 billion, out of which 27.0% was reserved for the U.S. Marine Corps.

Airborne Detection Systems for Submarines Market Key Players are:
1- ATLAS ELEKTRONIK GmbH
2- BAE Systems, Inc.
3- General Dynamics
4- Lockheed Martin
5- Northrop Grumman
6- Saab

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The other important factor pushing the integration of airborne submarine detection systems is the rising number of conflicts amongst several countries sharing sea borders with each other. Due to these factors, the revenue generated from the worldwide sales of airborne detection systems (for use in submarines) is expected to increase from $611.8 million in 2017 to $930.9 million by 2023. The global airborne detection systems for submarines market is additionally predicted to advance at a CAGR of 7.2% during the forecast period (2018-2023).

Globally, North America registered the highest adoption of anti-submarine airborne detection systems in 2017. In North America, the U.S. recorded the higher adoption of these systems in 2017, due to its advanced and strong defense capabilities. Moreover, the U.S. is widely considered to be one of the most powerful nations in the world, in terms of military strength. Additionally, the increasing involvement of the country in various international conflicts is further pushing the adoption of these systems by the U.S. Navy, thereby causing the airborne detection systems for submarines market to grow in the country.

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GLOBAL AIRBORNE DETECTION SYSTEMS FOR SUBMARINES MARKET
o By Type - Sonobuoys, Dipping Sonars, Radars, Magnetic Anomaly Detection (MAD) Systems
o By Region - North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
GLOBAL AIRBORNE DETECTION SYSTEMS FOR SUBMARINES MARKET, BY GEOGRAPHY
North America Airborne Detection Systems for Submarines Market
o By Type
o By Country - U.S. and Canada
Europe Airborne Detection Systems for Submarines Market
o By Type
o By Country - U.K., Germany, France, Sweden, and Rest of Europe
APAC Airborne Detection Systems for Submarines Market
o By Type
o By Country - China, India, Japan, South Korea, and Rest of APAC
RoW Airborne Detection Systems for Submarines Market
o By Type
o By Country - Middle East and Africa and Latin America

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