SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Submarine Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Edition: 8; Released: January 2022
Executive Pool: 4363
Companies: 48 - Players covered include Atlas Elektronik GmbH; DRS Technologies, Inc.; Ducommun, Inc.; Harris Corporation; L3 KEO; Lockheed Martin Corporation; Northrop Grumman Corporation; Raytheon Company; Safran Electronics & Defense; Thales Group and Others.
Coverage: All major geographies and key segments
Segments: End-Use (SSN-Nuclear Attack Submarine Sensors, SSK-Diesel Electric Submarine Sensors, SSBN-Ballistic Missile Submarine Sensors)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlasstm Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Submarine Sensors Market to Reach $292.3 Million by 2026
Amid the COVID-19 crisis, the global market for Submarine Sensors estimated at US$255 Million, is projected to reach a revised size of US$292.3 Million by 2026, growing at a CAGR of 2.2% over the analysis period. SSN-Nuclear Attack Submarine Sensors, one of the segments analyzed in the report, is projected to record a 2.1% CAGR and reach US$138.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the SSK-Diesel Electric Submarine Sensors segment is readjusted to a revised 2.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $70.5 Million in 2021, While China is Forecast to Reach $56.2 Million by 2026
The Submarine Sensors market in the U.S. is estimated at US$70.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$56.2 Million by the year 2026 trailing a CAGR of 4.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.
SSBN-Ballistic Missile Submarine Sensors Segment to Reach US$74.5 Million by the year 2026
In the global SSBN-Ballistic Missile Submarine Sensors segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$48 Million will reach a projected size of US$55.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
Our MarketGlasstm Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Join Our Expert Panel
Connect With Us on LinkedIn
Follow Us on Twitter
Journalists & Media
SOURCE Global Industry Analysts, Inc.
These press releases may also interest you