Sonar Systems Market – Size, Research Methodology, Emerging Trends, Top Leaders, Analysis, Developments, Competitive Landscape and Regional Forecast to 2023

Sonar Systems Market – Size, Research Methodology, Emerging Trends, Top Leaders, Analysis, Developments, Competitive Landscape and Regional Forecast to 2023

“Sonar Systems Market”
Global Sonar systems Market Report: Information by Type (Active Sonar and Passive Sonar), by installation (Vessel Mounted, Hand-Held and Pole Mounted, Towed, UUV, and Others), by Application (Military, and Commercial), & Region—Forecast till 2023

Sonar system uses sound propagation to navigate, communicate with or detect objects under the surface of the water. The global sonar systems market has been segmented by type, system, application, and region.

Based on type, the market has been divided into active sonar and passive sonar. The passive sonar segment is expected to grow at the highest rate during the forecast period due to the large adoption of passive sonar for military applications globally. By installation, the market has been classified as vessel mounted, hand-held and pole mounted, towed, UUV, and others. On the basis of application, the market has been segmented into military and commercial.

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The global sonar systems market is expected to grow at a significant rate during the forecast period due to the increase in demand for sonar systems by the naval forces in emerging economies. Defense authorities across the world are focused on purchasing advanced sonar systems, especially in countries that are currently involved in conflicts and territorial disputes. Due to the increasing number of conflicts, the naval forces use sonar systems to enhance anti-submarine warfare capabilities, which is driving market growth.

Additionally, due to the increasing number of terrorist attacks, across the globe, governments have increased their defense budgets, which offers market players lucrative opportunities for growth. Moreover, large use of sonar systems in the fishery industry is another factor driving the market growth. However, serious impacts of sonar sound pulse on marine mammals is expected to restrain the growth of the market.

Scope of the Report:

This study provides an overview of the global sonar systems market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The scope of the study segments the sonar systems market by type, installation, application, and region.

Segmentation:

By Type

  • Active Sonar
  • Passive Sonar

By Installation

  • Vessel Mounted
  • Hand-Held and Pole Mounted
  • Towed
  • UUV
  • Others

By Application

  • Military
  • Commercial

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Key Players:

The key players in the global sonar systems market are Atlas Elektronik (Germany), Kongsberg Gruppen (Norway), L3 (US), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Sonardyne (UK), Teledyne (US), Thales Group (France), and Ultra Electronics (UK).

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