SONAR System Market – Opportunities and forecast, 2020-2027

 

This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

Competitive Landscape:

The leading organizations covered in the SONAR System 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

·         Teledyne RESON

Drivers of the SONAR System Market:

The significant factors responsible for the growth of the global sonar system market include a rise in the demand for sonar systems in advanced defense and military forces for operations like preventive control and anti-submarine warfare. There has been an increasing adoption of the methods as the sonar system’s application is growing in the fishery industry, and various countries are co-operating for technology transfer. Furthermore, there has been an upsurge in demand for high-resolution imaging for seabed mapping for military and commercial applications, and this demand will further propel the market, creating various growth opportunities for the market, there has also been extreme demand for Unmanned Underwater Vehicles (UUVs) for many exploration and commercial purposes. Proliferating advancements in autonomous underwater vehicle technologies and continuously enhancing anti-submarine warfare techniques are some other factors fuelling the growth of the market. On the other hand, the negative effects of the sonar system on marine life and the complexity of the installation of the integrated SONAR, will hamper the growth of the market.

Based on the region, Europe is expected to grow at a higher CAGR during the forecast period. This is mainly due to the decrease in the shipbuilding industry in the region and the surged demand for autonomous ships and cruise ships in the European region.

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Key Benefits offered by the SONAR System Market report:

·         This study represents the analytical depiction of the SONAR System Market along with the ongoing trends and future estimations to determine the imminent investment pockets.

·         The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the SONAR System Market share.

Segmentation of the SONAR System Market:

The SONAR System Market has been categorized into the following segments:

Breakup by Product Type:

·         General-Purpose Hull Mounted Sonar

·         Stern Mounted Sonar

·         Seabed Imaging and Information Sonar

·         Dipping Sonar

·         Other Sonar

Breakup by Application:

·         Commercial

·         Military

Breakup by Installation Type:

·         Vessel Mounted

·         Hand-Held and Pole Mounted

·         Towed

·         Airborne

·         Unmanned Underwater Vehicle (UUV)

·         Other Installations

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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