Sonar System Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Sonar System Market: By Product Type (Hull-mounted Sonar, Stern-mounted Sonar, Dipping Sonar, and Sonobuoy), Platform (Commercial Vessels, Defence Vessels, Unmanned Underwater Vehicles, Aircrafts, and Ports), Application (Anti-submarine Warfare, Port Security, Mine Detection & Countermeasure Systems, Search & Rescue, Navigation, Diver Detection, Seabed Terrain Investigation, Scientific, and Others), End Users (Line Fit and Retrofit) and Region

 

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Report

Description

Sonar System Market size is expected to be valued at USD 6253.2 million in 2022 which is expected to grow at a CAGR of 2.1% over 2022-2028. Sonar systems are ranging and navigation techniques in which sound waves are used for navigation and detection of obstacles.  This technology is primarily used in the marine region mainly because sound waves travel faster than light. It is helpful for exploring, communicating, and mapping oceans. Apart from this, the sonar system is useful in the military and commercial segments. The increasing demand for sonar systems to improve the anti-submarine conflict abilities of marine militaries across the world can lead to the growth of the global sonar system market insights. Moreover, the increasing demand for sonar systems in the fishery industry and the increasing use of sonobuoy growing use of sonobuoy in strategic defense programs are some primary factors that can boost the global sonar system market insight. Apart from these, increasing demand for better-resolution imaging for seabed mapping can also accelerate the market in the future. However, some factors such as the investment of a huge sum of money for the development of sonar infrastructure and techniques, and the high cost of installation and maintenance cost can restrain the growth of the market. Apart from this, detrimental effects on marine life due to the sonar system can hinder market growth. The growing rate of adoption of unmanned underwater vehicles (UUVs) can create an opportunity for the growth of the global sonar system market insight. These vehicles are re useful in marine sectors for various tasks such as seabed topology investigation, mine detection, observation of fish behavior, etc. the sonar system used in UUVs is compact in size and technologically advanced which can effectively function in distant locations. Thus, the sonar system market can have a lucrative opportunity.

 

Recent Market Developments:

In May 2021, OEM and system integrators developed new Echoscope PIPE Real-Time XYZ series sonar to let integration of our different real-time volumetric imaging sonars.

In February 2021, French Defence Procurement Agency (DGA) signed a contract with Thales Group to obtain a next-generation SONAR suite for the French navy’s nuclear-powered ballistic-missile submarines (SSBNS)

Sonar System Market

MARKET SUMMARY
-
2.1%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 2.1%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Sonar System Market

  • The global sonar system market report gives a comprehensive outlook across the globe with particular emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The report on the global sonar system market gives historical, current, and future market sizes on product type, platform, application, end users, and region.
Key Players
Sonar System Market Dynamics

One of the major reasons for the growth of the global sonar system market insight is the increase in growth in military vessel delivery. Military vessels utilize a few of the most innovative sonar systems for attaining the accuracy of the highest level. In military vessels, Sonar systems are used for several applications such as seabed topology detection, mine investigation, diver detection, anti-submarine warfare, port security, etc. different types of ships require different types of sonar systems for various applications, for instance, submarines utilize passive sonar for entering into enemy water bodies undetected. Moreover, the rising use of sonar systems in the defense and military sectors is expected to propel the growth of the market in the forecast period.


North-America Got Significant Share

Sonar System Market

North America is dominating the global sonar system market, due to accusations of modern and updated systems. Moreover, an increase in research and development activities for technological advancement of sonar systems, and strong naval forces for the security of the country have also attributed to the growth of the market. In addition, Asia Pacific is one of the most profitable regions and is generating new prospects for global players. Many countries, particularly in the South China Sea, have become a source of a hotbed for unexpected battles and armed standstills because of the geopolitical circumstances of the region. This has encouraged the use of various naval properties by many countries which propels the growth of the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The sonar system market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Sonar System Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The sonar system market is projected to expand at a CAGR of 2.1% during the forecast period

Alfa Aesar, Ashland, Mitsubishi, Shandongng FengLe Chem, Dezhou Tianyu Chemical, Shandongng FengLe Chem

North America is the fastest-growing region for the sonar system market


Report

Table Of Content

1. Executive Summary
2. Global Sonar System Market Introduction
2.1. Global Sonar System Market – Taxonomy
2.2. Global Sonar System Market –Definitions
2.2.1. Product Type
2.2.2. Platform
2.2.3. Application
2.2.4. End User
2.2.5. By Region
3. Global Sonar System Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Sonar System Market Dynamic Factors – Impact Analysis
3.6. Global Sonar System Market – Competition Landscape
3.7. Epidemiology
4. Global Sonar System Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Sonar System Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Hull-mounted Sonar
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Stern-mounted Sonar
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Dipping Sonar
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Sonobuoy
5.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Sonar System Market, By Platform, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Commercial Vessels
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Defence Vessels
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Unmanned Underwater Vehicles (UUVs)
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Aircrafts
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Ports
6.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Sonar System Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Anti-submarine Warfare
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Port Security
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Mine Detection & Countermeasure Systems
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Search & Rescue
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Navigation
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Diver Detection
7.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Seabed Terrain Investigation
7.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
7.8. Scientific
7.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.8.3. Market Opportunity Analysis
7.9. Others
7.9.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.9.3. Market Opportunity Analysis
8. Global Sonar System Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Line Fit
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Retrofit
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Sonar System Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Sonar System Market – Opportunity Analysis Index, By Product Type, By Platform, By Application, By End User, and Region, 2022-2028
10. North America Sonar System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Hull-mounted Sonar
10.1.2. Stern-mounted Sonar
10.1.3. Dipping Sonar
10.1.4. Sonobuoy
10.2. Platform Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Commercial Vessels
10.2.2. Defence Vessels
10.2.3. Unmanned Underwater Vehicles (UUVs)
10.2.4. Aircrafts
10.2.5. Ports
10.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Anti-submarine Warfare
10.3.2. Port Security
10.3.3. Mine Detection & Countermeasure Systems
10.3.4. Search & Rescue
10.3.5. Navigation
10.3.6. Diver Detection
10.3.7. Seabed Terrain Investigation
10.3.8. Scientific
10.3.9. Others
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Line Fit
10.4.2. Retrofit
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Sonar System Market – Opportunity Analysis Index, By Product Type, By Platform, By Application, By End User, and Country, 2022-2028
10.7. North America Sonar System Market Dynamics – Trends
11. Europe Sonar System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hull-mounted Sonar
11.1.2. Stern-mounted Sonar
11.1.3. Dipping Sonar
11.1.4. Sonobuoy
11.2. Platform Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Commercial Vessels
11.2.2. Defence Vessels
11.2.3. Unmanned Underwater Vehicles (UUVs)
11.2.4. Aircrafts
11.2.5. Ports
11.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Anti-submarine Warfare
11.3.2. Port Security
11.3.3. Mine Detection & Countermeasure Systems
11.3.4. Search & Rescue
11.3.5. Navigation
11.3.6. Diver Detection
11.3.7. Seabed Terrain Investigation
11.3.8. Scientific
11.3.9. Others
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Line Fit
11.4.2. Retrofit
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe Sonar System Market – Opportunity Analysis Index, By Product Type, By Platform, By Application, By End User, and Country, 2022-2028
11.7. Europe Sonar System Market Dynamics – Trends
12. Asia-Pacific Sonar System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hull-mounted Sonar
12.1.2. Stern-mounted Sonar
12.1.3. Dipping Sonar
12.1.4. Sonobuoy
12.2. Platform Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Commercial Vessels
12.2.2. Defence Vessels
12.2.3. Unmanned Underwater Vehicles (UUVs)
12.2.4. Aircrafts
12.2.5. Ports
12.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Anti-submarine Warfare
12.3.2. Port Security
12.3.3. Mine Detection & Countermeasure Systems
12.3.4. Search & Rescue
12.3.5. Navigation
12.3.6. Diver Detection
12.3.7. Seabed Terrain Investigation
12.3.8. Scientific
12.3.9. Others
12.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Line Fit
12.4.2. Retrofit
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Sonar System Market – Opportunity Analysis Index, By Product Type, By Platform, By Application, By End User, and Country, 2022-2028
12.7. Asia-Pacific Sonar System Market Dynamics – Trends
13. Latin America Sonar System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hull-mounted Sonar
13.1.2. Stern-mounted Sonar
13.1.3. Dipping Sonar
13.1.4. Sonobuoy
13.2. Platform Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Commercial Vessels
13.2.2. Defence Vessels
13.2.3. Unmanned Underwater Vehicles (UUVs)
13.2.4. Aircrafts
13.2.5. Ports
13.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Anti-submarine Warfare
13.3.2. Port Security
13.3.3. Mine Detection & Countermeasure Systems
13.3.4. Search & Rescue
13.3.5. Navigation
13.3.6. Diver Detection
13.3.7. Seabed Terrain Investigation
13.3.8. Scientific
13.3.9. Others
13.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Line Fit
13.4.2. Retrofit
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Sonar System Market – Opportunity Analysis Index, By Product Type, By Platform, By Application, By End User, and Country, 2022-2028
13.7. Latin America Sonar System Market Dynamics – Trends
14. Middle East and Africa Sonar System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Hull-mounted Sonar
14.1.2. Stern-mounted Sonar
14.1.3. Dipping Sonar
14.1.4. Sonobuoy
14.2. Platform Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Commercial Vessels
14.2.2. Defence Vessels
14.2.3. Unmanned Underwater Vehicles (UUVs)
14.2.4. Aircrafts
14.2.5. Ports
14.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. Anti-submarine Warfare
14.3.2. Port Security
14.3.3. Mine Detection & Countermeasure Systems
14.3.4. Search & Rescue
14.3.5. Navigation
14.3.6. Diver Detection
14.3.7. Seabed Terrain Investigation
14.3.8. Scientific
14.3.9. Others
14.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.4.1. Line Fit
14.4.2. Retrofit
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Sonar System Market- Opportunity Analysis Index, By Product Type, By Platform, By Application, By End User, and Country, 2022-2028
14.7. MEA Sonar System Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Raytheon
15.2.2. Lockheed Martin
15.2.3. Thales
15.2.4. Kongsberg Gruppen
15.2.5. Ultra Electronics
15.2.6. L3 Technologies
15.2.7. Teledyne
15.2.8. Sonardyne
15.2.9. Atlas Elektronik
15.2.10. Furuno
15.2.11. Navico
15.2.12. JRC
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Raytheon
  • Lockheed Martin
  • Thales
  • Kongsberg Gruppen
  • Ultra Electronics
  • L3 Technologies
  • Teledyne
  • Sonardyne
  • Atlas Elektronik
  • Furuno
  • Navico
  • JRC

Description

Sonar System Market size is expected to be valued at USD 6253.2 million in 2022 which is expected to grow at a CAGR of 2.1% over 2022-2028. Sonar systems are ranging and navigation techniques in which sound waves are used for navigation and detection of obstacles.  This technology is primarily used in the marine region mainly because sound waves travel faster than light. It is helpful for exploring, communicating, and mapping oceans. Apart from this, the sonar system is useful in the military and commercial segments. The increasing demand for sonar systems to improve the anti-submarine conflict abilities of marine militaries across the world can lead to the growth of the global sonar system market insights. Moreover, the increasing demand for sonar systems in the fishery industry and the increasing use of sonobuoy growing use of sonobuoy in strategic defense programs are some primary factors that can boost the global sonar system market insight. Apart from these, increasing demand for better-resolution imaging for seabed mapping can also accelerate the market in the future. However, some factors such as the investment of a huge sum of money for the development of sonar infrastructure and techniques, and the high cost of installation and maintenance cost can restrain the growth of the market. Apart from this, detrimental effects on marine life due to the sonar system can hinder market growth. The growing rate of adoption of unmanned underwater vehicles (UUVs) can create an opportunity for the growth of the global sonar system market insight. These vehicles are re useful in marine sectors for various tasks such as seabed topology investigation, mine detection, observation of fish behavior, etc. the sonar system used in UUVs is compact in size and technologically advanced which can effectively function in distant locations. Thus, the sonar system market can have a lucrative opportunity.

 

Recent Market Developments:

In May 2021, OEM and system integrators developed new Echoscope PIPE Real-Time XYZ series sonar to let integration of our different real-time volumetric imaging sonars.

In February 2021, French Defence Procurement Agency (DGA) signed a contract with Thales Group to obtain a next-generation SONAR suite for the French navy’s nuclear-powered ballistic-missile submarines (SSBNS)

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