Press release
2022 Sonar Systems Market Research Industry Analysis, Overview, Growth Rate, Application, Global Outlook And Forecast To 2031
'Sonar Systems Global Market Report 2022 -Market Size, Trends, And Global Forecast 2022-2026' by The Business Research Company is the most comprehensive report available on this market, with analysis of the market's historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The sonar systems market research report helps gain a truly global perspective of the sonar systems industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.The regions covered in the sonar systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest sonar systems market share.
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The sonar systems market consists of sales of sonar systems by entities (organizations, sole traders, and partnerships) that refer to the systems based on the SONAR (Sound Navigation and Ranging) technology. Sonar is a technique in which sound waves are propagated at a certain frequency for mapping distance and objects especially in marine navigation since sound waves can travel a longer distance in the water than radar and light waves. Sound waves emitted or reflected by an object are detected by sonar apparatus and analyze information to develop nautical charts, locate underwater hazards, map objects on the seafloor such as shipwrecks, and map the seafloor itself.
Key competitors in the sonar systems market include Ultra Electronics, Thales Group, NAVICO, L3Harris Technologies Inc., Kongsberg Gruppen, Lockheed Martin, Teledyne Technologies Incorporated, Sonardyne, Aselsan, FURUNO ELECTRIC CO. LTD, Japan Radio Co., DSIT Solutions Ltd, Northrop Grumman., and General Dynamics Mission Systems Inc
The global sonar systems market size is expected to grow from $3.37 billion in 2021 to $3.52 billion in 2022 at a compound annual growth rate (CAGR) of 4.52%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global sonar system market size is expected to reach $4.46 billion in 2026 at a CAGR of 6.05%.
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TBRC's report segments the global sonar systems market:
1) By Product: Hull-Mounted Sonar, Stern-Mounted Sonar, Dipping Sonar, Sonobuoy
2) By Installation: Fixed, Deployable
3) By Acoustic Frequency: Ultrasonic, Infrasonic
4) By Application: Anti-Submarine Warfare, Port Security, Mine Detection and Countermeasure Systems, Search and Rescue, Navigation, Diver Detection, Seabed Terrain Investigation, Scientific
Read Further On The Sonar Systems Market Here:
https://www.thebusinessresearchcompany.com/report/sonar-systems-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Sonar Systems Market Characteristics
3. Sonar Systems Market Trends And Strategies
4. Impact Of COVID-19 On Sonar Systems
5. Sonar Systems Market Size And Growth
......
26. Africa Sonar Systems Market
27. Sonar Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sonar Systems Market
29. Sonar Systems Market Future Outlook and Potential Analysis
30. Appendix
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