Press release
Sonar Systems Global Market By Product Type, By Application, By Plotform, By Solution, By Installation, By End User, By Region And Segment Forecast 2023-2032 | Ultra Electronics, Thales Group, NAVICO, L3Harris Technologies Inc., ATLAS ELEKTRONIK
Sonar Systems Market
As per the sonar systems market report by The Business Research Company, the rising number of terrorist attacks is significantly contributing to the growth of the sonar systems market. Terrorism is defined as violence in an asymmetrical conflict that is designed to induce terror and psychic fear.
The global sonar systems market size grew from $3.59 billion in 2022 to $3.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sonar systems market size is expected to grow to $5.01 billion in 2027 at a CAGR of 6.9%.
Read More On The Sonar Systems Market Report Here:
https://www.thebusinessresearchcompany.com/report/sonar-systems-global-market-report
Major competitors in the sonar systems market include Ultra Electronics, Thales Group, NAVICO, L3Harris Technologies Inc., ATLAS ELEKTRONIK, 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 sonar systems market is segmented -
• By Product: Hull-Mounted Sonar, Stern-Mounted Sonar, Dipping Sonar, Sonobuoy
• By Installation: Fixed, Deployable
• By Acoustic Frequency: Ultrasonic, Infrasonic
• By Application: Anti-Submarine Warfare, Port Security, Mine Detection and Countermeasure Systems, Search and Rescue, Navigation, Diver Detection, Seabed Terrain Investigation, Scientific
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America was the largest region in the sonar systems market.
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The sonar systems refer to 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 distances 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 analyzed by software to develop nautical charts, locate underwater hazards, map objects on the seafloor such as shipwrecks, and map the seafloor itself.
The Table of Content for The Sonar Systems Market Include:
1. Executive Summary
2. Sonar Systems Market Characteristics
3. Sonar Systems Market Trends And Strategies
4. Sonar Systems Market - Macro Economic Scenario
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
The "Global Sonar Systems Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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