Sonar Systems Market - Trends Forecast Till 2028

Sonar Systems Market, by Application, Platform (Commercial vessels, Defence vessels, Unmanned Underwater Vehicles, Aircrafts, and Ports), Type, Material and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-SSM-1064

Format:  

Number of Pages: 293

Domain: Aerospace & Defense

Sonar Systems Market – Trends Forecast Till 2028

The global sonar systems market size is projected to reach USD 6.7 billion by 2026 at a CAGR of 1.8% from USD 6 billion in 2021 during the forecast period 2021-2028.

With the surge in the defence expenditure of the developing nations across the world along with the high deliveries of the military vessel are some of the factors that have supported long-term expansion for Sonar Systems Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The reduction in budget for the defence sector has been a raising issue for the sector.

Sonar Systems Market Analysis Report

Asia Pacific is expected to be the largest market during the forecast period.

Sonar Systems Market is segmented into Application, Platform, Product, Installation and geography.

On the basis of Application

  • Anti-submarine Warfare
  • Port Security
  • Mine Detection & Countermeasure Systems
  • Search & Rescue
  • Navigation
  • Diver Detection
  • Seabed Terrain Investigation
  • Scientific
  • Others

On the basis of Platform

  • Commercial Vessels
  • Defence Vessels
  • Unmanned Underwater Vehicles (UUVs)
  • Aircrafts
  • Ports

On the basis of Product

  • Hull-mounted Sonar
  • Stern-mounted Sonar
  • Dipping Sonar
  • Sonobuoy

On the basis of Installation

  • Fixed
  • Deployable

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Sonar Systems Market Primary Respondent

 

Key Players

  • Lockheed Martin
  • L3Harris
  • Thales Group
  • Kongsberg Maritime
  • Northrop Grumman Corporation
  • Sonardyne
  • Teledyne Technologies Inc.
  • Ultra Electronics

Recent Developments

  • In May 2021, the latest technology in the market is  Echoscope PIPE Real-Time XYZ series sonar which has been specially designed for OEM and system integrators.
  • In October 2020, The dual-head configuration named WINGHEAD offers various advantages for bathymetric surveys.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Sonar Systems market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 6 billion

Growth Rate

CAGR of 1.8% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Application, Platform, Product, Installation and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (6.70+ Countries Across the Globe)

Companies Profiled

Lockheed Martin, L3Harris, Thales Group , Kongsberg Maritime, and Northrop Grumman Corporation, Sonardyne, Teledyne Technologies Inc., Ultra Electronics

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