Press release
Sonar Systems Market Size, Key Drivers, Growth ,Analysis 2024-2033
Sonar Systems Market
As per the report, 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 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%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=5736&type=smp
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.
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 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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=5736&type=discount
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
Contents of the report:
1. Executive Summary
2. Sonar Systems Market Report Structure
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
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/sonar-systems-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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, Key Drivers, Growth ,Analysis 2024-2033 here
News-ID: 3615611 • Views: …
More Releases from The Business research company
Diabetic Neuropathy Industry Report 2025-2034: Market Dynamics, Trends, And Fore …
The Diabetic Neuropathy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Diabetic Neuropathy Market Size During the Forecast Period?
The market scale for diabetic neuropathy has seen a significant expansion in the past few years. Its growth is projected to rise from…
Evolving Market Trends In The Dental Restorative And Regenerative Material Indus …
The Dental Restorative And Regenerative Material Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Dental Restorative And Regenerative Material Market Size During the Forecast Period?
The market size for dental restorative and regenerative material has seen substantial growth in the recent past.…
Surge In Data Traffic Drives The Data Center Server Market: Key Factor Driving T …
The Data Center Server Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Data Center Server Market Size During the Forecast Period?
The size of the data center server market has consistently expanded over the recent years. The market is projected to increase…
Cryocooler Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
The Cryocooler Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Cryocooler Market Size During the Forecast Period?
The market size of cryocoolers has seen significant growth in the past few years. It is expected to increase from $3 billion in 2024 to…
More Releases for Sonar
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…
Marine Electronics Sphere Market Size and Industry Volume | Garmin, Johnson Outd …
The Global Marine Electronics Sphere Market status and forecast, categorizes the global Marine Electronics Sphere market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
The major manufacturers covered in this report
ATLAS ELEKTRONIK
FLIR Systems
Furuno Electric Co., Ltd
Garmin
Johnson Outdoors
Kongsberg Maritime
Kraken Sonar
Navico
Neptune Sonar
Northrop Grumman
Raytheon
R2Sonic
Sound Metrics
Thales Group
Ultra-Electronics
GET FREE SAMPLE REPORT @ http://www.supplydemandmarketresearch.com/home/contact/77496?ref=Sample-and-Brochure&toccode=SDMREL77496
Geographically, this…
