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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.
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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.
Prominent Players
- Lockheed Martin
- L3Harris
- Thales Group
- Kongsberg Maritime
- Northrop Grumman Corporation
- Sonardyne
- Teledyne Technologies Inc.
- Ultra Electronics
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Asia Pacific to Dominate the Market
Asia Pacific is expected to be the largest market during the forecast period.
Sonar Systems Market Segmentation:
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
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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- 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.
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