Press release
Sonar System Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027
The Sonar Systems market is estimated to record a CAGR of 8% over the forecast period (2021-2027). The sonar system market is growing as the military's naval foot increases due to procurement of new ships and submarines and upgrade programs of existing naval ships. The growth of the market is also due to increased maritime trade, oil and gas exploration, dredging and fishing activities. Countries that rely on basic fish finders are expected to generate high demand for advanced sonar devices during the forecast period.A full report of Sonar System Market available at https://www.orionmarketreports.com/sonar-system-market/24498/
Key market players
The major players in the sonar system market include Raytheon (US), Lockheed Martin (US), Thales (France), Kongsberg Gruppen (Norway), Ultra Electronics (UK), L3 (US), Teledyne (US), Sonardyne (UK), Atlas Elektronik (Germany), Furuno (Japan), Navico (Norway), Japan Radio (JRC) Co. Ltd. (Japan), DSIT (Israel), EdgeTech (US), and Aselsan (Turkey), among others. These players have adopted the key strategies of contracts and new product developments to strengthen their position in the sonar system market.
Sonar System Market- Segmentation
On the basis of platform
• Ship Type
• Airborne
On the basis of mode of operation
• Active
• Passive
• Dual
On the basis of end user
• Line Fit
• Retrofit
On the basis of installation
• Vessel-mounted
• Towed
• Airborne
• Port
• Unmanned Underwater Vehicles (UUVs)
On the basis of application
• Defense
• Commercial
On the basis of solution
• Hardware
• Software
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
The report covers the following objectives:
• Proliferation and maturation of trade in the Sonar System Market.
• The market share of the Sonar System Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Sonar System Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Sonar System Market.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Sonar System Market Report
• What was the Sonar System Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Sonar System Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Sonar System Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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