Press release
Sonar Systems Market Size, Application, CAGR Analysis, Growth Factors And Future Forecast To 2033
Sonar Systems Market Size
The Business Research Company offers in-depth market insights through Sonar Systems Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The sonar systems market size has grown strongly in recent years. It will grow from $3.97 billion in 2023 to $4.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to naval defense investments, underwater resource exploration, autonomous underwater vehicles (auvs), commercial fishing industry, environmental monitoring..
The sonar systems market size is expected to see strong growth in the next few years. It will grow to $5.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing number of solar power projects, increasing popularity of off-grid solar tracker for power generation, rising demand for energy, growing awareness about the environmental benefits of solar power, favorable government policies and initiatives.. Major trends in the forecast period include artificial intelligence (ai) and machine learning (ml), 3d sonar imaging and mapping, counter-submarine warfare (asw), sensor fusion and data integration, smart inverters..
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=5736&type=smp
Market Segmentation:
The sonar systems market covered in this report is segmented -
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
Major Driver - Terrorism Threat Drives Sonar Systems Market Growth
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. Sonar systems can be used to find and tackle terror plans such as bombing, underground bomb fixing, unknown submarines in oceans, and others. For instance, in March 2023, according to Global Terrorism Index (GTI) 2023, the number of deaths more than doubled, albeit from a low base from nine deaths in 2021 to 19 in 2022, with 11 of these occurring in the US during terrorist attacks. Therefore, the rising number of terrorist attacks is driving the market for sonar systems.
Competitive Landscape:
Major companies operating in the sonar systems market include Ultra Electronics Holdings plc, Thales Group, Navico Holding AS, L3Harris Technologies Inc., Atlas Elektronik GmbH, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Teledyne Technologies Incorporated, Sonardyne International Ltd, Aselsan Elektronik Sanayi ve Ticaret A.S., Furuno Electric Co. Ltd., Japan Radio Co. Ltd., DSIT Solutions Ltd., Northrop Grumman Corporation, General Dynamics Mission Systems Inc., Raytheon Technologies Corporation, Nautel Limited, Mistral Solutions Pvt. Ltd., thyssenkrupp AG, Western Marine Electronics Inc., Koç Bilgi ve Savunma Teknolojileri A.S., SonarTech Underwater Systems LLC, Meteksan Defense Industry Inc., GeoSpectrum Technologies Inc., Koc Bilgi ve Savunma Teknolojileri AS
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/sonar-systems-global-market-report
Top Trend - Advancement In Sonar Systems
Technological advancement in sonar systems is a key trend in the sonar systems market. Companies are increasingly innovating to produce technologically advanced sonar systems for the military and warfare. For instance, in 2021, Thales Group, a France-based multinational company for aerospace and defense security, received the contract to develop, test, and manufacture the SonoFlash air-droppable sonobuoy from the French Defence Procurement Agency (DGA) to strengthen its anti-submarine warfare systems in the French Naval force. This advanced technology provides a complex sonar system, which can be used in open-ocean environments. In addition, SonoFlash offers long endurance and is suitable for a wide array of deployment scenarios.
The Table Of Content For The Market Report 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
…..
27. Sonar Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sonar Systems Market Size, Application, CAGR Analysis, Growth Factors And Future Forecast To 2033 here
News-ID: 3395795 • Views: …
More Releases from The Business research company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Sonar
Sidescan Sonar Software Market Growth Potential is Booming Now: Edge Tech, Moga …
The Latest published market study on Global Sidescan Sonar Software Market provides an overview of the current market dynamics in the Sidescan Sonar Software space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2029. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities. Some…
Sonar Systems Market 2021 Analysis by Key Players -Lockheed Martin, Raytheon, Ex …
Latest update report on Sonar Systems Market Size, Share, Growth, Industry Trends and Forecast by 2028. This report is highly predictive as it holds the overall market analysis of the topmost companies into the Sonar Systems industry. With the classified Sonar Systems market research based on various growing regions, this report provides leading players portfolio along with sales, growth, market share and so on. The Market research report on Sonar…
SONAR System Market Future Scope: Revenue Growth, Analysis and major keys: Ultra …
Recent report Published by research nester titled "Global SONAR System Market: Global Demand Analysis & Opportunity Outlook 2024"delivers detailed overview of the global SONAR system market in terms of market segmentation by type, by frequency, by technology type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The global SONAR…
Sonar Systems Market Report 2019-2029
This latest report by business intelligence provider Visiongain assesses that the global Sonar Systems market is expected to grow at a lucrative rate during the forecast period. Some of the factors such as the increase in the number of global seaborne activities, growing maritime tourism sector and stringent maritime safety norms for ship-owners are expected to increase the demand for sonar systems. It is therefore critical that you have your…
Marine Electronics Market to Witness Massive Growth| Kraken Sonar, Navico, Neptu …
HTF MI has added the report on Global Marine Electronics Market for the forecast till 2025, the report comprises of the estimation of the Global Marine Electronics Market. The following Industry is shown to progress with a noteworthy rise in the Compound Annual Growth Rate (CAGR) during the forecast period owing to various factors driving the market. Some of the key players mentioned in this research are "Atlas Elektronik, Flir…
Marine Electronics Market Sees Stunning Growth| FLIR Systems, Furuno Electric, K …
HTF MI published a new industry research that focuses on Marine Electronics market and delivers in-depth market analysis and future prospects of Global Marine Electronics market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is…
