Global Sonar System Market Worth 3.72 Billion US$ till 2022 | Kongsberg Gruppen ASA, Lockheed Martin Corporation, ATLAS ELEKTRONIK GmbH, Furuno Electric Co Ltd etc.

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The Sonar System Market is projected to grow from US$ 3.49 Billion in 2016 to US$ 3.72 Billion by 2022, at a CAGR of 4.33% from 2017 to 2022. The growth in this market can be attributed to the rising demand for sonar systems in tactical defense operations, increased adoption of sonars for Anti-Submarine Warfare (ASW) techniques, and growing demand for sonar systems from the fishing industry.

Top Key Players in the “Sonar System Market” include are
• Kongsberg Gruppen ASA (Norway)
• Lockheed Martin Corporation (US)
• ATLAS ELEKTRONIK GmbH (Germany)
• Furuno Electric Co Ltd. (Japan)
• Navico (Norway)
• Thales Group (France)

North America led the sonar system market in 2016. The North America sonar system industry has been studied for the US and Canada. The US is leading the sonar system market in North America. Factors responsible for the growth of the North America sonar system market are procurement of advanced sonar systems to incorporate in improved naval defense systems for the security of the country and increase in R&D for technological advancements of sonar systems by major players in the region.

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Study Objectives:
Sonar system market report analyzes the market based on mode of operation (Commercial active, Military dual mode and military passive), product type (general-purpose hull mounted sonar, seabed imaging and information sonars, stern mounted sonar, dipping sonar and others), installation (vessel mounted, towed, hand-held and pole mounted, airborne, UUV, others), frequency (high, medium, low), application (defense and commercial) and region (North America, Europe, Asia Pacific and Rest of the World).

Research Coverage:
The study segments the sonar system industry on the basis of mode of operation (commercial active, military dual mode, and military passive), product type (general-purpose hull mounted sonar, seabed imaging and information sonar, stern mounted sonar, dipping sonar, and others), installation (vessel mounted, towed, hand-held and pole mounted, airborne, UUV, others), frequency of operation (high, medium, low), application (defense and commercial), and region (North America, Europe, Asia Pacific and Rest of the World)

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List of Tables
1 2D Sonar Data Acquisition vs 3D Sonar Data Acquisition
2 Sonar Data Acquisition & Processing Software Being Used Globally
3 Sonar Systems Operating in Different Modes
4 Market Overview in the Sonar System Market, 2016
5 Important Innovations & Patent Registrations, 2012-2017
6 Sonar System Market, By Product Type, 2015-2022 (USD Million)
7 General-Purpose Hull Mounted Sonar Segment, By Subsegment, 2015–2022 (USD Million)
8 Forward-Looking Sonar Subsegment, By Region, 2015–2022 (USD Million)
9 Omni-Directional Sonar Subsegment, By Region, 2015–2022 (USD Million)
10 Seabed Imaging and Information Sonar Segment, By Subsegment, 2015–2022 (USD Million)
….and more

Target Audience:
• Sonar Equipment Manufacturers
• Sonar Equipment Suppliers
• Sonar Training Bodies
• Technology support providers
• Original Equipment Manufacturers (OEMs)
• Regulatory Bodies
• Shipping Companies
• Software/Hardware/Service and Solution Providers
• Hydrographic Survey Companies

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This release was published on openPR.