Sonar System Market Size, Growth, Opportunity, Top Companies and Industry Trends 2022-2027

The IMARC Group provides extensive analysis of the Sonar System industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Sonar System Market Overview: 

The global sonar systems market size reached US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2027, exhibiting a growth rate (CAGR) of 1.9% during 2022-2027.Sound navigation and ranging (SONAR) is an advanced ranging technique that uses sound propagation for navigating, communicating, and detecting objects underwater. It is performed by transmitting acoustic impulse waves, which reflect towards the emitter after hitting an entity to analyze the object information. As compared to light and radar, sound waves can travel efficiently in water bodies; thus, sonar systems are frequently used in maritime environments for finding submarines, mapping the seafloor, and exploring the water-depth. Currently, sonar systems are commercially available in the hull and stern-mounted and dipping types.

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Sonar System Market Trends:

The increasing threat of terrorist attacks and the rising geopolitical tensions amongst neighboring countries have supplemented the demand for sonar systems in naval ships for anti-submarine warfare (ASW) capabilities, which is driving the market growth. Moreover, the escalating uptake for sonobuoy, a highly advanced underwater acoustic research equipment for tactical defense operations and to record marine sounds, is positively impacting the market. Additionally, the advent of three-dimensional (3D) printing and technology to build lightweight sonar systems with the ability to execute nocturnal surveillance, provide high-resolution seafloor images and perform mine countermeasures (MCM) operations is favoring the market growth. Other factors, including rapid growth in the military and defence sector, the increasing requirement for high-resolution imaging, the launch of diver detection systems and twin inverted pulse sonars, and the extensive product usage to monitor fish in aquaculture farms, are propelling the market growth. 

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Mode of Operation, Product Type, Installation, Type, Application, Material, Region

Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global sonar systems market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on mode of operation, product type, installation, type, application and material.

Competitive Landscape:

Raytheon
Lockheed Martin
Thales
Kongsberg Gruppen
Ultra Electronics
L3 Technologies
Teledyne
Sonardyne
Atlas Elektronik
Furuno
Navico 

Breakup by Mode of Operation:

Active
Passive
Active, Passive 

Breakup by Product Type:

Hull Mounted Sonar
Towed Array Sonar
Sonobuoys
Dipping Sonar
Driver Detection Sonar 

Breakup by Installation:

Vessel Mounted
Airborne 
Towed
UUV
Hand-Held and Pole Mounted 
Others 

Breakup by Type:

Multi Beam
Side Scan
Single Beam
Synthetic Aperture 

Breakup by Application:

Military
Hydrographic Charting 
Offshore Oil and Gas
Port and Harbour Management
Coastal Engineering
Others

Breakup by Material:

Piezoelectric Ceramics
Piezoelectric Single Crystals 
Magnetostrictive Materials
Others

Regional Insights:

North America 
Europe 
Asia Pacific
Middle East and Africa
Latin America

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Key highlights of the report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Sources:

https://www.marketwatch.com/press-release/indonesia-prepaid-cards-market-share-size-growth-and-forecast-2022-2027-2022-08-01

https://www.marketwatch.com/press-release/north-america-frozen-seafood-market-research-report-size-share-trends-and-forecast-2027-2022-08-01

https://www.marketwatch.com/press-release/mobile-tv-market-2021-26-growth-prospects-analysis-size-share-trends-overview-and-report-2022-08-01

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About Us:                 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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