The Government of Canada allocated around 7.3% of the total Main Estimates for Canada in 2019â€“2020. The funds allocated to the Department of National Defense (DND) aim to create a strong, secure, and engaged Canadian Armed Forces (CAF) by increasing the force size and improving the capabilities of the force. Likewise, the 2020â€“2021 budget of the U.S. allocated $32.3 billion to the maritime domain of the Department of Defense (DoD) of the country. Thus, the surging budgetary allocation to the defense sector will lead to the widescale adoption of airborne detection systems for submarines, globally.
Moreover, the increasing research and development (R&D) activities to develop innovative technologies for submarines will help the airborne detection systems for submarines market advance at a CAGR of 7.2%.. For instance, the U.S. government aims to improve the capabilities of submarine-launched ballistic missiles (SLBMs) and submarines under its Nuclear Modernization Programs.
Besides, the growing underwater threats and rising wars and conflicts will also create a huge requirement for airborne detection systems for submarines in the foreseeable future. For example, the All Domain Situational Awareness (ADSA) Science and Technology (S&T) Program, an initiative of CAF to make informed decisions on surveillance capabilities, aims to generate awareness about maritime traffic in Canadian approaches and Arctic shore regions to avoid any unprecedented situations. Programs such as these also aim to enhance the viability and performance of surveillance technologies, such as airborne detection systems for submarines.
Globally, the North American region led the airborne detection systems for submarines market in the preceding years, wherein the U.S. is a larger user of such products, owing to the presence of a strong and developed defense base in the country. Moreover, the rising focus of the U.S. and Canada on increasing their defense competency by developing and adopting advanced detection solutions, on account of their surging focus on anti-submarine warfare (ASW) capabilities, will also result in the largescale deployment of airborne detection systems for submarines in the region.
Thus, the rising budgetary allocation to defense forces and the improving defense and surveillance technologies will accelerate the adoption of airborne detection systems for submarines in the foreseeable future.