DUBLIN--(BUSINESS WIRE)--The "Global Airborne Detection Systems for Submarines Market, Forecast and Analysis 2017-2026 Focus on Types (Sonobuoys, Dipping sonars, Radio Detection and Ranging and Magnetic Anomaly Detection Systems)" report has been added to Research and Markets' offering.
Global airborne detection systems for submarines market generated a revenue of $560.0 million in 2016 and is estimated to grow at a CAGR of 7.5% during 2016-2026.
This high scale growth of airborne detection systems for submarines industry is subsequently influencing the market, wherein new technologies of airborne detection systems for submarines are being developed. The increasing defense budget of several countries across the globe and underwater threats due to growing wars and conflicts among the neighboring nations are the key drivers for its increased adoption by the naval forces. Globally, the defense spending of all the countries is increasing annually which is a part of defense modernization program adopted for strengthening the nation's military forces.
Moreover, growing submarine fleet as well as the development of advanced airborne detection systems is providing the opportunity for the growth of the global airborne detection systems for submarines market. There are mainly four types of airborne detection systems for submarines that include sonobuoys, dipping sonars, radars and magnetic anomaly detection systems.
In addition to this, dipping sonars is expected to have the highest growth rate during the forecast period 2017-2026 due to the higher chances of submarine detection as compared with other detection systems.
North America generated most of the revenue in airborne detection systems for submarines market in 2016 with the U.S. acquiring most of the market share, globally. However, Asia-Pacific is expected to have the highest growth rate including India, growing at the highest CAGR during the forecast period 2017-2026.
Key Topics Covered:
1 Scope & Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.1.1 Rising Underwater Threats
2.1.2 Growing Defense Budgets
2.2 Market Challenges
2.2.1 Development of Extremely Silent Submarines
2.2.2 Underwater Environmental Threats due to Sonars
2.3 Market Opportunities
2.3.1 Submarine Modernization Programs
2.3.2 Development of Advanced Airborne Detection Systems
3 Competitive Insights
3.1 Competitive Landscape
3.2 Strategic Benchmarking
3.3 Key Strategies and Developments
3.4 Industry Attractiveness
4 Industry Analysis
4.1 Global Submarine Fleet by Country, 2017
4.2 Product Pricing Analysis of Airborne Detection Systems for Submarines
4.3 Military Patrol Aircraft Shipments, 2014-2016
4.4 Value Chain Analysis
5 Global Airborne Detection Systems for Submarines Market, 2017-2026
5.1 Assumptions and Limitations
5.2 Market Overview
6 Global Airborne Detection Systems for Submarines Market by Type
6.1 Key Findings
6.2 Market Overview
6.4 Dipping Sonars
6.5 Radio Detection and Ranging (RADAR)
6.6 Magnetic Anomaly Detection (MAD) Systems
7 Global Airborne Detection Systems for Submarines Market by Region
8 Company Profiles
- Atlas Elektronik Gmbh
- BAE Systems
- Kongsberg Gruppen
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Inc.
- Thales Group
- Ultra Electronics
For more information about this report visit https://www.researchandmarkets.com/research/kn2kwr/global_airborne