Global Submarine Sensors Market Research Report 2019 (Includes Business Impact of COVID-19)

                                          
"The ongoing Coronavirus (COVID-19) pandemic is re-shaping everything from global economies to product categories, pricing, and stock availability to the consumer behavior. The final report is updated to address the impact of COVID-19 on the Submarine Sensors market.

Trusted Business Insights is tracking mining/oil and gas, transportation, employment services, travel arrangements, and the leisure and hospitality sector closely as they are likely to be the hardest-hit sectors. Utilities, local pharma, diagnostics, consumer goods and durables, agro chem and fertilizers, and telecommunications are the sectors that will be weathering the COVID-19 storm and most likely come out relatively unscathed. Interdependencies of sectors are factored in our research report on the Submarine Sensors market."
Submarine sensors have grown to be an integral part of the defense sector in the recent years. Submarine sensors have witnessed significant growth during last two decade owing to increased usage of submarines by naval agencies across the world to address their intelligence, surveillance, and reconnaissance, (ISR) and communication requirements. The advances in acoustic sensor technology have positively contributed to the growth of the submarine sensors market. Consequently, the adoption of submarine sensor is growing rapidly in applications ranging from marine environmental monitoring to underwater communication. Moreover, the paradigm shift towards the adoption of acoustic sensors and sonar sensors is anticipated to result in healthy growth of submarine sensor market around the globe.
Naval agencies across the world are increasingly using submarines to address their intelligence, surveillance, and reconnaissance (ISR) and communication requirements. This has accelerated the development efforts towards increasing the stealth potential of submarine platforms so that these remain undetectable. The growing investments in acquiring enhanced sensorsand combat systems for attack submarines in countries such as the US, Russia, China, India, Iran, Japan, South Korea, and the UK are majorly driving the submarine sensors market. The advances in acoustic sensor technology, which result in the strengthening of the FOAS technology, will positively contribute to the growth of the submarine sensors market globally during the forecast period.
APAC occupies the largest market share in the market and  continue to dominate the market during the forecast period. The territorial disputes over the South China Sea have increased maritime conflicts and encouraged neighboring countries to improve their naval competences to enforce their sovereignty and jurisdiction claims. The rise in procurement of new and advanced submarines that can improve the undersea warfare capabilities of regional naval forces by countries such as China, India, and Australia will boost the market for submarine sensors in the region.

The global Submarine Sensors market is valued at 21400 million US$ in 2018 is expected to reach 28000 million US$ by the end of 2025, growing at a CAGR of 3.4% during 2019-2025.
This report focuses on Submarine Sensors volume and value at global level, regional level and company level. From a global perspective, this report represents overall Submarine Sensors market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
    ATLAS ELEKTRONIK
    Lockheed Martin
    Northrop Grumman
    Raytheon
    Ducommun
    Safran Electronics & Defense
    ...

Segment by Regions
    North America
    Europe
    China
    Japan

Segment by Type
    Simulation Submarine Sensors
    Digital Submarine Sensors

Segment by Application
    Detection of Oil Resources
    Water Environment Monitoring
    Underwater Species Protection
    Others