Military Embedded Systems

Submarine sensors market to reach $292M by 2026: report


July 05, 2022

Dan Taylor

Technology Editor

Military Embedded Systems

Sonar Technician (Surface) 2nd Class Dontreal Brown, from Leesburg, Fla., stands watch as an acoustic sensor operator during an anti-submarine warfare exercise ... (US government photo)

SAN FRANCISCO, California. A new market study predicts that the submarine sensors market will grow from $255 million today to $292.3 million by 2026, for a compound annual growth rate (CAGR) of 2.2%.

The study, published by Global Industry Analysts Inc., also states that nuclear attack submarine sensors will grow at a 2.1% CAGR and reach $138.8 million over that period. Further, it states that diesel electric submarine sensors will grow 2.2% CAGR over the next seven years.

China is expected to be one of the biggest players, growing by 4.2% CAGR over the analysis period to $56.2 million by 2026. By comparison, the United States market is at $70.5 million today.

The report, "Submarine Sensors - Global Market Trajectory & Analytics," is available here.