Global Sonar Systems Market Key Segmentation and Geographic Insights to 2021 | Top Companies -Neptune SONAR (United Kingdom), Ultra Electronics (United Kingdom), Exelis (United States), Kongsberg Maritime (Norway), Lockheed Martin (United States), Thales

Global Sonar Systems Market Overview:

SONAR is a system which uses sound transmission to communicate, navigate objects on or below the surface of the water. Depending on the type, the market is segmented in the passive SONAR systems and active SONAR systems. In 2016, among the different types, the SONAR active systems segment dominated the market, followed by SONAR passive systems. In addition, SONAR active systems are also expected to experience the strongest growth in the coming years. The improvement of antisubmarine techniques is one of the main drivers of demand for the SONAR active segment of the market.

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Global Sonar Systems Market Drivers and Restraints:
Increased collaboration between countries to increase technology transfer options is identified as one of the main drivers of the market growth of the SONAR system. The importance of underwater capabilities for national security increases among countries. In addition, it is also important that countries maintain alliances and participate in collaborative efforts for the design and development of submarines and their components. Developing and developed countries are establishing strategic alliances with technology providers and equipment manufacturers to buy sophisticated submarines capable of responding to the changing nature of underwater warfare. These associations play a vital role in providing improved platforms with superior weapons and combat systems. For example, the defense ministries of Japan and the United Kingdom have signed an agreement for the transfer of defense material. This has resulted in the launch of numerous defense projects, which include force protection systems and platforms, and air defense. These increasing collaborative efforts will substantially help regional and national sonar technology providers serve their customers in geographic locations, which in turn will drive the growth of the SONAR systems market in the coming years.

Geographic Insights:
The market is segmented into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa. In 2016, North America is estimated to lead the market followed by Europe. In 2016, the United States was the largest market for North America and the whole world. The improved sensor and active and passive technologies are among the main drivers of the SONAR market in the United States and North America. Asia Pacific is expected to experience the strongest growth in terms of CAGR during the forecast period. China is expected to be the largest market in the Asia-Pacific region. The growing demand for medical applications and the growing demand for SONAR systems in tactical defense operations are among the key factors driving demand in China. The increased use of the system has several applications, including the study of fisheries, weapons, medical equipment and infrastructure, supporting the growth in India. Europe is also predicted to grow steadily with the United Kingdom and Germany being the main markets in the region. The increase in demand for the SONAR system in tactical defense operations is one of the key market factors in Europe for the forecast period 2017-2025. Latin America, and the Middle East and Africa are expected to experience sustained growth during the forecast period. Saudi Arabia and the United Arab Emirates are the main markets of the Middle East and Africa.

Neptune SONAR (United Kingdom), Ultra Electronics (United Kingdom), Exelis (United States), Kongsberg Maritime (Norway), Lockheed Martin (United States), Thales Underwater Systems Ltd. (United Kingdom), General Dynamics Canada (Canada), L-3 Klein Associates (United States), Raytheon (United States), and Teledyne Reson (Denmark) are the major players of the market.

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