The global demand for Sonar System Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
The Sonar system refers to a ranging and navigation technique, where acoustic waves are used for obstacle detection and locating objects in an ocean. It is usually used in the marine sphere because sound waves travel farther than the light and radar. It is useful for exploring, communicating, and mapping of oceans. It has various applications in the military and commercial sectors. There are two types of sonar systems used depending on the application: Active Sonar and Passive Sonar. They are widely used in the application such as fish finding, seafloor imaging, seafloor mapping, finding submarines, underwater navigation, etc.
The growing deployment of nuclear submarines globally is the primary factor driving the sonar system market over the forecast time frame. In addition to that, increasing political tensions over the oceans, like those in the South China Sea, Pacific, and Atlantic Oceans, led the countries along these water bodies to develop their anti-submarine warfare capabilities, thus contribute to the development of the sonar system market. The rising deployment of nuclear submarines across the globe and the deployment of unmanned underwater vehicles (UUVs) for military operations positively impact the sonar system market growth. Moreover, the rapid increase in the fleet of navies and the need to detect enemy vessels are increasing, leading to more demand for the sonar system in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of sonar system.
The entire sonar system market has been sub-categorized into product type, installation and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Hull Mounted Sonars
- Stern Mounted Sonars
- Dipping Sonars
- Diver Detection Systems
- Unmanned Underwater Vehicle (UUV) Sonars
- Unmanned Underwater Vehicles
This section covers regional segmentation which accentuates on current and future demand for sonar system market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Sonar System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sonar system market include Thales Group, General Dynamics Corporation, Kongsberg Gruppen ASA, Aselsan AS, Thyssenkrupp AG, Ultra Electronics, Neptune Sonar, Kongsberg Maritime, Exelis, Lockheed Martin, L-3 Klein Associates, Teledyne Reson, Raytheon. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.