Press release
Sonar System Market Size, Share, Trends, Report and Industry Forecast 2024-2032
Sonar System Market
According to the report by Expert Market Research (EMR), The global sonar system market size was around USD 3.37 billion in the year 2023. Aided by the increasing technological advancements and utilisation of defence vessels, the market is estimated to grow at a CAGR of 7.80% between 2024 and 2032, reaching a market value of nearly USD 6.64 billion by 2032.
A sonar system, short for Sound Navigation and Ranging, is a technology used to detect and locate objects underwater. It operates by emitting sound waves into the water and listening for echoes that bounce back from objects, such as the seafloor, underwater obstacles, or marine life. Sonars are extensively utilised in a variety of fields, including naval operations, fishing, underwater exploration, and environmental monitoring of the ocean.
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These systems are broadly classified into two types, including, active sonar, which emits its own sound waves and then listens for the echoes, and passive sonar, which instead listens for sounds made by objects.
One of the key drivers of the global sonar system market is the growing emphasis on maritime security. With the rise in maritime threats such as piracy, smuggling, and terrorism, there has been a heightened demand for effective underwater surveillance systems. Sonar systems play a crucial role in detecting and tracking underwater threats, thereby enhancing maritime security.
Another driver aiding the sonar system market expansion is the expanding applications of sonar technology in various industries. In the oil and gas sector, sonar systems are used for underwater exploration and pipeline monitoring. In fisheries management, sonar is employed for fish detection and stock assessment. Additionally, sonar technology is increasingly being used in environmental monitoring and underwater research.
The defence vessels segment, based on platform, holds a significant share in the sonar system market. Sonar equipment is gaining traction in warships and submarines to facilitate safe underwater navigation, especially in disputed territories. The increasing importance of sonar systems in modern warfare, amidst the escalating geopolitical stress, is leading to an increased demand for sonar technology.
In addition, the sonar system market expansion is propelled by technical upgrades in sonar systems, including the induction of hydrophones and advanced radio communication with reduced self-noise, which are bolstering the applications of sonar systems in defence vessels. Over the forecast period, the increasing emphasis by the governments of emerging sovereign military superpowers such as India, are leading to a robust development of new sonar system capabilities.
Search and rescue applications account for a decent share of the sonar system market. Sonar systems are fully capable of detecting humans, animals, or objects inside deep-water areas where turbid waters reduce visibility for high-resolution cameras. They provide great support to police, rescue teams, and naval forces.
Meanwhile, the anti-submarine warfare segment is expected to witness steady growth in the forecast period as the proliferation of defence vessels deployed in contested waters increases. Major submarine manufacturers are investing in upgrading sonar systems with special components such as advanced soft acoustic layers and artificial intelligence (AI).
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Sonar System Market Segmentation
The global sonar system market can be divided based on type, installation, operation, platform, application, and region.
Market Breakup by Type
Hull-Mounted Sonar
Stern-Mounted Sonar
Dipping Sonar
Sonobuoy
Driver Detection Sonar
Market Breakup by Installation
Fixed
Deployable
Market Breakup by Operation
Active
Passive
Dual
Market Breakup by Platform
Commercial Vessels
Defence Vessels
Unmanned Underwater Vehicles (UUVs)
Aircrafts
Market Breakup by Application
Search and Rescue
Anti-Submarine Warfare
Port Security
Navigation
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sonar system market. Some of the major players explored in the report by Expert Market Research are as follows:
Ultra Electronics Holdings plc.
DSIT Solutions Ltd.
ASELSAN A.Åž.
L3Harris Technologies, Inc.
Thales Group
Others
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