Global Sonar Systems Market to Reach $6 Billion by 2029, Growing at 6.8% CAGR

What combination of drivers is leading to accelerated growth in the sonar systems market?
An increase in terrorist activity considerably influences the expansion of the sonar systems market. Terrorism, identified as violent acts in uneven conflicts intended to provoke fear and emotional distress, can be countered with the use of sonar systems. These systems can detect and disrupt terrorist operations such as bombings, concealed underground bomb setups, undiscovered submarines in oceans, amongst others. For example, the Global Terrorism Index (GTI) 2023 reported in March 2023 that the number of fatalities more than doubled from the nine recorded in 2021 to 19 in 2022. Among these, 11 deaths took place in the US during terrorist assaults. Hence, the escalation in terrorist attacks is propelling the sonar systems market.

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What is the projected compound annual growth rate (CAGR) of the sonar systems market from 2025 to 2034, and what factors influence it?
In the past years, the size of the sonar systems market has experienced significant growth. Predictions indicate an increase from $4.24 billion in 2024 to $4.61 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. This growth during the historic period is primarily due to factors such as investment in naval defense, exploration of underwater resources, autonomous underwater vehicles (auvs), the commercial fishing industry, and environmental surveillance.

Expectations suggest that the sonar systems market will experience robust growth in the upcoming years, with its worth predicted to reach $5.99 billion by 2029, marking a compound annual growth rate (CAGR) of 6.8%. This growth during the forecast period is thought to stem from multiple reasons including the rise in solar power projects, growing popularity of off-grid solar tracker for power generation, escalating energy demand, increasing recognition of the environmental advantages of solar power, along with supportive government policies and initiatives. The forecast period also sees prominent trends like artificial intelligence (ai) and machine learning (ml), 3D sonar imaging and mapping, counter-submarine warfare (asw), sensor fusion and data integration, as well as smart inverters.

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How are the latest trends influencing the growth of the sonar systems market?
The sonar systems market is experiencing a significant trend towards technologically sophisticated systems, driven by continual technological advances. Firms are focusing on developing cutting-edge sonar systems, particularly for military and warfare applications. A clear example of this took place in 2021, when Thales Group, a multinational corporation specializing in aerospace and defense security based in France, was awarded a contract by the French Defense Procurement Agency (DGA). This contract was to design, trial, and build the Sono Flash, an air-droppable sonobuoy aimed at bolstering anti-submarine warfare systems within the French Navy. This advanced system introduces a comprehensive sonar capacity, suitable for vast oceanic landscapes. Furthermore, the Sono Flash has extended operational longevity and has the versatility to cater to a wide range of deployment situations.

What are the major segments of the sonar systems market and their role in driving growth?
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

Subsegments:
1) By Hull-Mounted Sonar: Active Hull-Mounted Sonar, Passive Hull-Mounted Sonar, Multibeam Hull-Mounted Sonar
2) By Stern-Mounted Sonar: Active Stern-Mounted Sonar, Passive Stern-Mounted Sonar, Side-Scanning Stern-Mounted Sonar
3) By Dipping Sonar: Helicopter Dipping Sonar, Shipborne Dipping Sonar
4) By Sonobuoy: Active Sonobuoys, Passive Sonobuoys, Directional Sonobuoys

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Which regions are key players in the growth of the sonar systems market?
North America was the largest region in the sonar systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sonar systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the key firms paving the way for growth in the sonar systems market?
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

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What Is Covered In The Sonar Systems Global Market Report?

•Market Size Forecast: Examine the sonar systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the sonar systems market for a structured understanding.
•Key Players Overview: Analyze major players in the sonar systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sonar systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the sonar systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sonar systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the sonar systems market.
•Competitive Landscape: Review strategic developments in the sonar systems market, including expansions, agreements, and new product launches.

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