SONAR System Market - Opportunities & Forecast, 2018-2025

Posted September 21, 2020 by shaqibakram

The main factors responsible for driving the growth of the Global Sonar System Market are increase in the demand of sonar systems in advanced defence and military forces for.....

A SONAR System is used to locate objects under the surface of the water by sending sound waves, in this acoustic signal or pulse is generated and sent in water which bounces off any object underwater and is received back. SONAR stands for Sound Navigation and Ranging. SONAR is very helpful for exploring, navigating, communicating, and detecting lost or hazardous objects and mapping the ocean because the speed of sound waves in water is more as compared to the radar and light waves.

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The main factors responsible for driving the growth of the Global Sonar System Market are increase in the demand of sonar systems in advanced defence and military forces for operations like preventive control and anti-submarine warfare. There has been a growing adoption in the methods as Sonar system’s application is rising in the fishery industry, different countries are collaborating for technology transfer. Moreover, there has been demand for high-resolution imaging for seabed mapping for military and commercial applications and this demand will also further boost the market creating huge opportunities for the global sonar system market, there has also been extreme demand for Unmanned Underwater Vehicles (UUVs) for many exploration and commercial purposes. However, adverse effects of sonar system on marine life as well as complexity associated to the installation of the integrated SONAR is the major restraint for the market.

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Key players in this market are General Dynamics Corporation, Lockheed Martin Corporation, Raytheon Company, Neptune SONAR, Ultra Electronics, Kongsberg Maritime, Thales Underwater Systems Ltd., Harris Corporation, L-3 Klein Associates, and Teledyne RESON among others.

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Global Sonar System Market has been segmented on the basis of Product type, application areas, by type of installation and region. Based on the type of product it is segmented as General-Purpose Hull Mounted Sonar, Stern Mounted Sonar, Seabed Imaging and Information Sonar, Dipping Sonar, Other Sonar. Based on application verticals it is segmented as Commercial, Military. On the basis of type of installation, the market is segmented as Vessel Mounted, Hand-Held and Pole Mounted, Towed, Airborne, Unmanned Underwater Vehicle (UUV), Other Installations. The region in focus is entire world market. The report highlights the main market drivers fuelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Sonar system in global market. The competitive landscape section of the report captures and highlights the recent developments within the market.

Key questions answered in this research report:

At what pace is Global Sonar systems market growing? What will be growth trend in future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Sonar systems market?
What are the various application areas and how they are poised to grow?

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Last Updated September 21, 2020