Sonar System market is estimated to reach $4.8 Billion by 2025; growing at a CAGR of 4.0% from 2017 to 2025.
A Sonar system is used to send sound waves to locate objects under the surface of the water. SONAR stands for Sound Navigation and Ranging. It is helpful for exploring and mapping the ocean because sound waves travel farther in the water than do radar and light waves. The primary factors to drive the growth of the global sonar system market are increasing demand of sonar systems in advanced defense forces, growing adoption in the anti-submarine warfare methods, and rising application of these systems in the fishery industry. However, adverse effects of sonar system in marine life is the major restraint for the market. Moreover, augmented implementation of UAVs for military and commercial applications and rising demand for high-resolution imaging for seabed mapping is also expected to further boost the market creating immense opportunities for the global sonar system market.
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The global sonar system market is classified on the basis of installation, mode of operation, product type, operating frequency, application, and geography. The installation segment is sub-segmented into vessel mounted, hand-held and pole mounted, towed, airborne, unmanned underwater vehicles (UUV), other installations. Commercial active, military passive, and military dual mode are the segregations of the mode of operation segment. On the basis of product type the segmentations includes general-purpose hull mounted sonar, stern mounted sonar, seabed imaging and information sonar, dipping sonar, and other sonars. High, medium, and low are the operating frequencies covered in the market. Furthermore, defense, and commercial are the segments of application.
On the basis of geography, global sonar system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market include General Dynamics Corporation, Raytheon Company, Neptune SONAR, Ultra Electronics, Kongsberg Maritime, Thales Underwater Systems Ltd., Lockheed Martin Corporation, Harris Corporation, L-3 Klein Associates, and Teledyne RESON among others
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The key takeaways from the report:
The report will provide detailed analysis of Global Sonar System Market with respect to major segments such as installation, mode of operation, product type, operating frequency, application and geography
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Sonar System Market has been included in the report
Profile of the key players in the Global Sonar System Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Sonar System Market:
Hand-Held and Pole Mounted
Unmanned Underwater Vehicle (UUV)
Mode of Operation Segments
Military Dual Mode
Product Type Segments
General-Purpose Hull Mounted Sonar
Stern Mounted Sonar
Seabed Imaging and Information Sonar
Operating Frequency Segments
Rest of Europe
Rest of Asia-Pacific
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Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
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The report analyses growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
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