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Pulished Date February, 2020
ID: 9160
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SONAR Systems Market by Application (Commercial, Military), System type (Single Beam Scanning Systems, Multi Beam Systems, Synthetic Aperture Systems and Others), Fit (Line-Fit, Retrofit), Components (Receiver, Transmitter, Hydrophone, Beam Forming Processor and Others), Region - Global Forecast to 2025

Pulished: February, 2020
ID: 9160
Pages: 175

SONAR Systems Market Overview Analysis:

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.

The global SONAR Systems Market was worth US$ xx million in 2020, and it is estimated to reach a valuation of US$ xx million by the end of 2025, growing at an annual compound rate of xx% between 2020 and 2025.

SONAR Systems Market Recent Developments and Trends

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).

 SONAR Systems Market Growth:

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.

Drivers 

Governments and large corporations are investing heavily in this new technology, which could lead to the growth of the global 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 global 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.

Restraints

The side effects in marine life due to the use of SONAR are a significant challenge in this market.

 SONAR Systems Market Segmentation:

Based on the components:

The global 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.

Depending on the application:

The global 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.

By system type:

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.

According to the fit:

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.

Regional Analysis

The geographic segmentation of the market includes North America, Asia Pacific, Europe, Latin America, the Middle East and Africa. 

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.

Key Players

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. Introduction                                 

                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                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                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        

                                5.1.2 Products/Service  

                                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                       

                                6.1.1 Receiver   

                                6.1.2 Transmitter             

                                6.1.3 Hydrophone           

                                6.1.4 Bean Forming Processor   

       6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                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 (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 SONAR Systems Market, By Fit                          

                                6.3.1 Line-Fit     

                                6.3.2 Retrofit     

     6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 SONAR Systems Market, By Application                        

                                6.4.1 Commercial            

                                6.4.2 Military     

      6.4.3 Market Size Estimations & Forecasts (2019-2024)   

                                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 (2018 - 2024)    

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By System Type    

                                7.2.4 By Fit         

                                7.2.5 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 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              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 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              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 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              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                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           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Lockheed Martin Corporation                            

                8.3 Kongsberg Gruppen                               

                8.4 Raytheon                    

                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                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Component, By Application, By System Type and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global SONAR Systems Market By Region, From 2020-2025 ( USD Billion )
  2. Global SONAR Systems Market By Component, From 2020-2025 ( USD Billion )
  3. Global Receiver Market By Region, From 2020-2025 ( USD Billion )
  4. Global Transmitter Market By Region, From 2020-2025 ( USD Billion )
  5. Global Hydrophone Market By Region, From 2020-2025 ( USD Billion )
  6. Global Bean Forming Processor Market By Region, From 2020-2025 ( USD Billion )
  7. Global SONAR Systems Market By System Type, From 2020-2025 ( USD Billion )
  8. Global Single Beam Scanning System Market By Region, From 2020-2025 ( USD Billion )
  9. Global Multi Beam System Market By Region, From 2020-2025 ( USD Billion )
  10. Global Synthetic Aperture System Market By Region, From 2020-2025 ( USD Billion )
  11. Global SONAR Systems Market By Fit, From 2020-2025 ( USD Billion )
  12. Global Line-Fit Market By Region, From 2020-2025 ( USD Billion )
  13. Global Retrofit Market By Region, From 2020-2025 ( USD Billion )
  14. Global SONAR Systems Market By Application, From 2020-2025 ( USD Billion )
  15. Global Commercial Market By Region, From 2020-2025 ( USD Billion )
  16. Global Military Market By Region, From 2020-2025 ( USD Billion )

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