Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the military submarine photonics mast and antenna
market provides in-depth analysis of segments and sub-segments in the global as
well as regional military submarine photonics mast and antenna market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional military submarine photonics mast and antenna market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global military submarine
photonics mast and antenna market. According to the report, the global military
submarine photonics mast and antenna market are projected to grow at a CAGR of
nearly 6% over the forecast period of 2022-2028.
The revenue generated by the
market was about USD 450 million in 2022 and is expected to reach nearly USD
650 million in 2028 and is expected to grow with a CAGR of nearly 6% over the
forecast period 2022-2028. A photonics mast is a sensor on a submarine that
performs similarly to a periscope without needing a periscope tube. This
reduces the risk of water leaking in the event of damage and frees up design
space during construction. The photonic antenna is a functional device that
combines a planar antenna and a photonic device like a photodetector to create
a photonic feeding RF (Radio Frequency) transmitter. Similar to a telescopic
automobile antenna, a photonics mast or antenna operates by rising above the
water and transmits data using a variety of sensors, including high definition
low-light and thermographic cameras.
The covid-19 pandemic was not
quite beneficial for the market due to several impacts felt by the market due
to the ongoing pandemic. The covid-19 pandemic started abruptly at the advent
of 2020 and escalated very quickly which resulted in shocks being felt in
the market. The ongoing submarine modernization programs suffered at various
stages right from evaluation, user trials, and manufacturing stages which
hampered the demand for photonic masts and antennas for military submarines
during the pandemic. Supply chain disruptions created a shortage of military
submarine photonic masts and antennas. Furthermore, chip shortage affected the
production and delayed the delivery of photonic masts and antennas. As the
world is recovering, the market is also stabilizing quickly.
With the constantly changing
geopolitical scenarios and with an eye on potential enemies the countries are
more focused on military operational readiness now. The amount that nations
spend on defence has increased. Global military spending increased from USD
1,774 billion in 2016 to USD 2113 billion in 2021, according to SIPRI. Thus,
the market is expanding as a result of the rising military spending globally. Having a strong naval force has been the
prerequisite for projecting power worldwide along with ensuring territorial
integrity in waters and securing the trade routes through seas. With the
growing disputes over territorial waters and in a race to dominate the global
trade routes, countries are modernizing their naval fleets including submarine
fleets at a rapid pace. Requests for Information are being floated for the
development and building of new submarines and also refitting and maintenance
of the existing submarine fleets. For instance, the ongoing Project 75-I of
India is one of the largest submarine acquisition projects. Thus, this factor
is majorly driving the growth of the market. Though, the high cost of
technology is hampering the growth of the market. However, technological advancements
are expected to offer growth opportunities in the market.
In terms of revenue, North America
dominated the Military Submarine Photonics Mast and Antenna Market. From North
America, the US maintains one of the largest submarine fleets in the world which
are a mix of SSNs, SSBNs, SSGN, and other submarines. These submarines are
deployed around the world and have been the mainstay of the USA’s maritime
dominance in oceans and seas across the world. The US continuously upgrades its
submarine fleet with the newest technologies such as photonic masts and antennas.
In 2004, the US Navy started fitting its submarine fleet with photonic masts in
Virginia class submarines. Thus, the US and North America as a whole have been
one of the earliest adopters of photonic masts and antennas for their military
submarine fleets. Thus, the demand for such naval systems is expected to remain
high in the region. Asia-Pacific is expected to be the fastest growing region
as countries such as India and China are rapidly expanding and modernizing
their military submarine fleets.
The report on the global military
submarine photonics mast and antenna market covers segments such as type, and
submarine type. On the basis of type, the sub-markets include photonics mast,
and antenna. On the basis of submarine type, the sub-markets include SSBN, SSGN,
SSN, and SSK.
The report provides profiles of
the companies in the market such as L3Harris Technologies, Inc., Thales Group,
Lockheed Martin Corporation, Systems Engineering and Assessment Ltd (SEA),
Safran Group, Cassidian Optronics, Panavision Federal Systems, NEREIDES SAS,
Raytheon Technologies Corporation, and HENSOLDT.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the military submarine photonics mast and antenna market. Moreover, the
study highlights current market trends and provides forecast from 2022-2028. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
Please Choose One of them.