Market Business Insights - 08 November, 2022

As specified in our exclusive report, the Global Airborne Detection Systems for Submarines Market is projected to reach USD 960 million by 2030.

The global air detection systems for submarines market is growing moderately with increasing defense budgets of various countries as well as increasing threats from underwater ships.

Submarines are the most powerful and high-tech underwater ships in the world. These ships are used to conduct undersea stealth operations such as intelligence, surveillance, and launching torpedoes to attack other underwater objects. In addition, submarines remain silent while carrying out such operations and pose a threat to the naval forces of other countries.

The increasing defense budget is one of the key drivers for the development of airborne detection systems for the submarines market. Various countries around the world have modernized their defense programs to procure defense-related products and services to strengthen their economy.

In addition, the fluid cloak method slows the flow of water around the submarine by removing turbulence and making it undetectable to radar. Therefore, the development of such methods presents challenges for airborne detection systems for the submarines market.

Several developments have been made by submarine manufacturers in the field of air detection systems for submarines. Manufacturers are also collaborating with other companies to geographically expand their product offerings to different regions of the world.

Which Region Holds the Largest Share?

North America dominated the market in 2021 and is growing at a CAGR of 6.9% during the forecast period. Asia-Pacific is projected to grow at the highest CAGR of 9.5% during 2022-2030. In North America, the U.S. is the developing region of the global market. The rising demand for airborne detection systems for submarines in the US is due to the adoption of military modernization plans and the increasing threats underwater.

Some of the key players in the global  airborne detection systems for submarines market are:

Thales Group, Ultra Electronics Holdings plc, L3 Ocean systems, Atlas Elektronik GmbH, BAE Systems, Saab AB, Raytheon Company, Northrop Grumman Corporation, Lockheed Martin Corporation, Kongsberg Gruppen ASA, General Dynamics Corporation, and others.