Dublin, April 13, 2018 (GLOBE NEWSWIRE) -- 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 ResearchAndMarkets.com's offering.

The global airborne detection systems for submarines market is expected to reach $1,157.6 million by 2026.

Owing to the increasing demand for submarines as well as development of advanced airborne detection systems, the market of global airborne detection systems for submarines is expected to show moderate growth rate and is estimated to grow at the CAGR of 7.5% during 2016-2026. The global airborne detection systems for submarines market majorly focuses on the types that include sonobuoys, dipping sonars, radars and magnetic anomaly detection systems.

The sonobuoys acquired the highest market value in 2016 and is growing at a CAGR of 7.9%. The reason for such strong market share is attributed to the advantages of its better cost efficiency as compared to the other airborne detection systems for submarines and higher volume demand from the end-users as these systems can't be recovered post completion of the operation. Moreover, dipping sonars is estimated to grow with the highest CAGR of 8.3% during 2016-2026 due to advancements in the sonar technology.

North America dominated the market in 2016 and is growing at a CAGR of 6.9% during the forecast period. Asia-Pacific is expected to grow at the highest CAGR of 9.5% during 2016-2026. Kongsberg Gruppen, L3 Ocean systems, BAE Systems, Lockheed Martin Corporation, Saab, Atlas Elektronik Gmbh, Northrop Grumman Corporation, Ultra Electronics, Thales Group, Raytheon Inc. and General Dynamics, among others, are some of the major players of the global airborne detection systems for submarines market.

The U.S. is the most prominent nation in North America for the growth of global airborne detection systems for submarines market. The increased demand for airborne detection systems for submarines in the U.S. is due to the adoption of military modernization plans and growing underwater threats. Europe is another leading region for using airborne detection systems for submarines in naval applications. Some of the prominent countries in the European region include the U.K., Germany, France and Sweden, among others.

The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period 2017-2026. The rising demand is caused by the increase in the defense budget of the emerging economies across the region and rising conflicts amongst the neighboring nations. Furthermore, India is expected to show the highest growth rate in airborne detection systems for submarines market, globally. The Asia-Pacific region could provide a lot more opportunities to the new entrants in the market.

The rest of the world includes Middle-East, Africa and Latin America; the region is estimated to have a rapid growth rate for airborne detection systems for submarines market during the forecast period 2017-2026. In order to increase the country's military strength, the government is focusing on procuring more number of airborne detection systems for submarines.

Key Topics Covered:

Executive Summary

1 Scope & Research Methodology
1.1 Research Scope
1.2 Global Airborne Detection Systems for Submarines Market 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
3.3.1 Partnerships, Agreements and Contracts
3.3.2 Product Launches and Other Development
3.3.3 Mergers and Acquisitions
3.3.4 Market Share Analysis
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
6.3 Sonobuoys
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
7.1 Key Findings
7.2 Market Overview
7.3 North American Airborne Detection Systems for Submarines Market
7.4 European Airborne Detection Systems for Submarines Market
7.5 Asia Pacific Airborne Detection Systems for Submarines Market
7.6 Rest of the World Airborne Detection Systems for Submarines Market

8 Company Profiles

• Atlas Elektronik Gmbh
• BAE Systems
• Kongsberg Gruppen
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Inc.
• Saab
• Thales Group
• Ultra Electronics

For more information about this report visit https://www.researchandmarkets.com/research/f94g23/global_airborne?w=12

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