Submarine Sensor Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

Submarine Sensor Market Size

Submarine Sensor Market is expected to expand at a significant pace during 2024-2032, driven by rising maritime security threats, including territorial disputes, piracy, and the proliferation of underwater drones. For instance, in 2022, there were 115 piracy and armed robbery incidents. Though the number came down from 132 in 2021, half of these occurred in Southeast Asian waters, notably the Singapore Straits, which saw a seven-year high in incidents.
 

Submarine Sensor Market Trends

The rising deployment of attack submarines that demand advanced technologies is a major trend in the submarine sensor industry. This is due to the increased defense expenditure alongside rising geopolitical tensions. For instance, according to SIPRI, in 2022, global military expenditure increased by 3.7% in real terms, reaching a record high of $2240 billion. In volatile situations, the submarine can be dispatched quietly for surveillance purposes. The advancements in the attack submarines is also a key factor 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. These trends will favor the industry outlook in the coming years.
 

Submarine Sensor Market Analysis

The nuclear-powered attack submarine (SSN) end-use segment is expected to gain prominence in the forthcoming years, as they are equipped with a variety of sensors for detecting and tracking surface ships, submarines, and underwater objects. Submarine sensors provide situational awareness, threat detection, and target identification capabilities to SSN operators, favoring their incorporation in nuclear-powered attack submarines.
 

Sonar systems segment is set to gain traction through 2032, owing to its wide usage for underwater detection, navigation, and communication in submarines and other underwater platforms. With advancements in sonar technology, including the development of active and passive sonar systems, synthetic aperture sonar (SAS), and towed array sonar, submarines can detect and track targets with higher accuracy and precision, thereby enhancing the appeal of these sensors.
 

Asia Pacific submarine sensor market share is poised to grow rapidly till 2032, driven by increasing maritime disputes, territorial tensions, and military modernization efforts in the region. Countries like China, India, Japan, and South Korea are investing heavily in submarine fleets and underwater surveillance capabilities to safeguard their maritime interests and enhance naval deterrence capabilities. Additionally, the presence of major defense contractors and research institutions specializing in submarine sensor technologies further contributes to market growth in the region.
 

Submarine Sensor Market Share

Key players operating in the submarine sensor industry include:

• Lockheed Martin
• Northrop Grumman
• Atlas Elektronik
• Harris Corporation
• Thales Group
• Raytheon
• Safran Electronics & Defense
   

The industry is highly consolidated with a few players holding most of the revenue share. The high initial investments in the design and installation of submarines pose barriers to new players in entering the industry.
 

Submarine Sensor Market News

• In February 2024, Lockheed Martin Corp. announced that it will ssupport and upgrade the U.S. Navy's electro-optical surveillance system for submarines. The Naval Sea Systems Command awarded an $8.2 million contract to Lockheed Martin's Rotary and Mission Systems division in Manassas, Va., for the Integrated Submarine Imaging System (ISIS).

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