SONAR Systems Market was worth US$ xx million in 2021, and it is estimated to reach a valuation of US$ xx million by the end of 2026, growing at an annual compound rate of 8.1% between 2021 and 2026.
SONAR stands for Sound Navigation and Ranging, a technique used to detect objects above or below the surface of the water. It can be used for a variety of applications, such as military, commercial, scientific, fishing, hydrology, underwater warfare, and threat detection mines. SONAR systems are also used for robotic navigation and atmospheric navigation. They use very high acoustic frequencies. The side scan and the multi-beam SONAR are cutting-edge technologies that help in detailed mapping and obtaining seabed images.
In 2017, Raytheon signed a US$ 28 million contract from the US Navy to supply variable depth SONAR to the battle class on the battlefield.
In 2018, Kongsberg Gruppen signed an agreement to supply five autonomous HUGIN water vehicle systems from Ocean Infinity.
In June 2019, the experts of the Atlantic Underwater War (ASW) of the US Navy. They ordered a trailer surface ship probe system to help warships track silent enemy submarines on different sea beds.
In July 2018, the Navy ordered a TB-29X Advanced Tow Array probe system for the US Navy submarine, from L-3 Chesapeake Sciences Corp.
In 2016, Lockheed Martin Corporation announced that it would provide the US Navy at $ 425 million contracts to offer the latest advances in SONAR systems for guidance and control systems for MK 48 Mod 7 torpedoes.
In 2018, the Indian Navy announced that it would receive six low-frequency active traction matrix (ACTAS) SONAR systems from Germany, which would be installed in the new Kamorta-class Corvette.
In 2019, Ultra Electronics Maritime Systems announced that it would build and integrate low-frequency active and passive traction array SONAR systems and next-generation hull-mounted SONAR mounted on future Canadian surface combat ships (CSC).
The main factors driving market expansion are the growing number of maritime trade activities worldwide, the increasing demand for shipowners to comply with maritime safety standards, and the burgeoning marine tourism sector.
SONAR Systems Market Drivers:
Governments and large corporations are investing heavily in this new technology, which could lead to the growth of the SONAR systems market. Innovation is expected to continue in the synthetic opening SONAR leads the market to improve the quality of resolution for complementary applications and achieve several contracts. Some of the critical factors affecting the market are advances in underwater combat technology, the development of digital signal processing that has improved the handling and communications underwater, the growing demand for Sonobu in operations of tactical defense and active development. The increase in investment in research, the use of unmanned underwater vehicles (UUVs), and the acquisition in recent years have greatly improved the market. UUV has become a platform for many commercial and military applications, including surveillance and mining measures. This is likely to stimulate the SONAR systems market in the future.
SONAR SYSTEMS MARKET REPORT COVERAGE:
Market Size Available
2021 – 2026
2022 - 2027
Components, Application, By system type, According to the fit
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Thales Group, Kongsberg Gruppen, Lockheed Martin Corporation, Raytheon, Northrop Grumman Corporation, Aselsan AS, Atlas Elektronik Gmbh, and others are some of the famous companies in the market.
SONAR Systems Market Restraints:
The side effects in marine life due to the use of SONAR are a significant challenge in this market.
The SONAR market is divided into receivers, transmitters, hydrophones, beam-forming processors, etc. In 2018, the beam-forming processor sector covered the market, followed by a hydrophone, which is predicted to be dominant in the coming years.
The SONAR industry is divided into military, commercial, and scientific applications. In 2018, the military sector dominated the overall market, followed by the scientific division, which is projected to lead in the foreseen years.
The market is divided into a single-beam scanning system, a multi-beam system, a synthetic opening system, and Others. In 2018, the multi-beam SONAR system segment dominated the market, followed by a single-beam system, and this segment is foreseen to be dominant in the estimated period.
The retrofit segment of the market is expected to have a higher CAGR than the line adjustment segment during the forecast period. As the number of renewal orders for existing commercial ships increases, the retrofit segment is growing.
The geographic segmentation of the market includes
In 2018, North America SONAR systems market was the leading market, followed by Europe. The United States is the dominant region in North America, as well as in the world. Improvements in sensor technology and passive and active SONAR are vital drivers of the SONAR systems market in the United States and North America.
The Asia-Pacific SONAT systems market is likely to grow at the highest CAGR during the forecast period. China is expected to be an important market in the Asia-Pacific region. The growing demand for medical applications and the increasing demand for SONAR systems in tactical defense operations are a few key factors driving the demand for these systems in China, as well as in the Asia Pacific. The increasing use of SONAR systems, especially in a variety of applications, such as fishing, weapons, medical and infrastructure research supports the Indian market.
Europe Sonar systems market is anticipated to grow at a constant rate. The United Kingdom and Germany are the main markets for this industry in Europe. Latin America, the Middle East and Africa are assumed to grow at a healthy pace during the forecast period. Saudi Arabia and the UAE are the main markets in the Middle East and Africa. In a variety of applications, such as defense, medicine and research, the growing demand for SONAR systems is one of the key factors driving demand in the markets of the Middle East and Africa.
Top Leading Company:
Kongsberg Gruppen offers advanced technology systems to customers in the maritime, oil and gas, aerospace, and defense industries. The company provides offshore engine monitoring systems through the Kongsberg Offshore Division. Raytheon is one of the largest defense contractors in the world and serves government and commercial clients.
Companies like Thales Group, Kongsberg Gruppen, Lockheed Martin Corporation, Raytheon, Northrop Grumman Corporation, Aselsan AS, Atlas Elektronik Gmbh, and others are some of the famous companies in the market.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 SONAR Systems Market, By Component
6.1.4 Bean Forming Processor
6.1.5 Market Size Estimations & Forecasts (2022 - 2027)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 SONAR Systems Market, By System Type
6.2.1 Single Beam Scanning System
6.2.2 Multi Beam System
6.2.3 Synthetic Aperture System
6.2.4 Market Size Estimations & Forecasts (2022 - 2027)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 SONAR Systems Market, By Fit
6.3.3 Market Size Estimations & Forecasts (2022 - 2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 SONAR Systems Market, By Application
6.4.3 Market Size Estimations & Forecasts (2022 - 2027)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2027)
7.2.1 By Country
7.2.2 By Component
7.2.3 By System Type
7.2.4 By Fit
7.2.5 By Application
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Component
7.3.3 By System Type
7.3.4 By Fit
7.3.5 By Application
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By System Type
7.4.4 By Fit
7.4.5 By Application
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Component
7.5.3 By System Type
7.5.4 By Fit
7.5.5 By Application
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Component
7.6.3 By System Type
7.6.4 By Fit
7.6.5 By Application
8. Key Player Analysis
8.1 Thales Group
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Lockheed Martin Corporation
8.3 Kongsberg Gruppen
8.5 Northrop Grumman Corp
8.6 Aselsan AS
8.7 Atlas Elektronik GmbH
8.8 Ultra Electronics Maritime Systems
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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