Infinium Global Research’s recent report on “Military Submarine Photonics Mast and Antenna Market ((By Type (Photonics Mast, Antenna), By Submarine Type (SSBN, SSGN, SSN and SSK)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2028” the provides a comprehensive outline of the factors responsible for the growth of the market. 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.
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Growing Modernization of Military Submarine Fleets
A sensor on a submarine called a photonics mast functions in a manner comparable to a periscope without the requirement for a periscope tube. As a result, there is less chance of water leaking in the event of damage, and there is more room for design during building. In order to construct a functioning photonic feeding RF (Radio Frequency) transmitter, the photonic antenna combines a planar antenna with a photonic device, such as a photodetector. A photonics mast or antenna transmits data using a range of sensors, including high-definition low-light and thermographic cameras, by rising over the water, much like a telescopic car antenna. Rising military spending around the world and growing modernization of military submarine fleets are driving the market. Technological advancements are further expected to provide new opportunities in the market.
Due to many effects that the market experienced as a result of the ongoing pandemic, the covid-19 pandemic was not particularly advantageous for the market. The covid-19 pandemic began abruptly at the beginning of 2020 and swiftly grew, causing shocks to be felt in the market. The need for photonic masts and antennae for military submarines during the epidemic impeded the continuing submarine modernization initiatives at many levels, including evaluation, user trials, and manufacture. A shortage of military submarine photonic masts and antennae was caused by supply chain disruptions. Additionally, the fabrication and distribution of photonic masts and antennas were hampered by the chip scarcity. The market is rapidly stabilising as well as the overall economy.
Photonic Mast to Dominate the Type Segment
Photonic Mast to dominate the Type segment of market. Countries are switching from periscopes to photonics mast, a sensor-based digital viewing device, as a result of technological improvements. The electronic warfare, navigation, communication and imaging capabilities of a traditional optical periscope are provided by the photonics mast. Like a regular periscope, the photonics mast uses a variety of electro-optical sensors but doesn't pierce the submarine's hull. Optical fibre is used to connect the photonics mast sensors to the submarine. A low-observable optical mast increases sensor capability while lowering the chance of the submarine being discovered by rival submarines and surface warships while the system is active. It is not required to be immediately above its user, unlike a periscope, and just needs a minor pressure hull puncture for cabling.
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North America to be the Dominant Region
Geographically, North America is projected to be the largest revenue generating region in the market. One of the world's most prosperous regions is North America. The US maintains one of the largest submarine fleets in the world, which is made up of a variety of SSNs, SSBNs, SSGNs, and other submarines. These submarines are stationed all over the world and have been the backbone of American maritime supremacy in all oceans and seas. The US continually modernizes its submarine fleet with cutting-edge equipment like photonic masts and antennas. Virginia class submarines were the first to get photonic masts from the US Navy in 2004. As a result, the US and all of North America were among the first to use photonic masts and antennas for their fleets of military submarines. Thus, it is anticipated that the region would continue to have a high need for such naval systems. Due to the rapid expansion and modernization of their military submarine fleets by nations like China and India, the Asia-Pacific region is anticipated to experience the fastest growth.
Companies in Military Submarine Photonics Mast and Antenna Market to Focus on Winning Contracts
The market for Military Submarine Photonics Mast and Antenna is expected to grow at a rapid pace. The photonic mast and antenna technology is evolving at a rapid pace and has made its way to operationalization in just span of 20 years. The companies are focusing on developing new photonic masts and antennas with low observability and increased capacities while minimizing the cost of the production. The market players are through their weight behind winning government contracts for supplying naval submarine fleets with photonic masts and antennas. Major players of the market include L3Harris Technologies, Inc., Thales Group, Lockheed Martin Corporation, Systems Engineering and Assessment Ltd (SEA), Safran Group and others. In June 2021, Lockheed Martin was awarded a contract of USD 16.2 million for building modular multifunction masts for its Virginia-class submarines.
In June 2019, L3Harris Technologies, Inc. was awarded USD 73.7 million contract for Navy submarine photonics mast programs of US Navy. Infinium Global Research’s recent report on the Global Military Submarine Photonics Mast and Antenna Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments the global market.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the military submarine photonics mast and antenna.
=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2028.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.
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