According to the latest market research report by IMARC Group, titled “Sonar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global sonar systems market reached a value of US$ 3.74 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.2% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Sonar systems remain the primary surveillance technique used in naval ships and submarines for facilitating underwater communications as well as detecting and tracking enemy vessels and torpedoes. Moreover, manufacturers are engaged in R&D activities to develop advanced sonar systems. For instance, synthetic aperture sonar (SAS) has been successfully tested outside the sea with signal processing by the Norwegian Defense Research Establishment (FFI). In addition, high-resolution interferometric synthetic aperture sonar (HISAS) has been developed with the capability of producing ultra-high-resolution acoustic images as well as co-registered bathymetry with a frequency range of 70-100kHz.
Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being
- Raytheon
- Lockheed Martin
- Thales
- Kongsberg Gruppen
- Ultra Electronics
- L3 Technologies
- Teledyne
- Sonardyne
- Atlas Elektronik
- Furuno
- Navico
Market Trends:
- Based on the mode of operation, the market has been segmented into commercial active, military dual mode and military passive. Currently, commercial active mode dominates the market, holding the largest share.
- On the basis of product types, general-purpose hull-mounted sonar is the most popular product type, followed by seabed imaging and information, stern mounted, dipping and others.
- Based on the installation, the market has been segmented into vessel mounted, towed, hand-held and pole mounted, airborne, UUV and others. Amongst these, vessel mounted accounts for the largest share in the market.
- On the basis of the operating frequency, the market has been categorized as high, medium and low. Presently, high operating frequency exhibits a clear dominance in the global market.
- The market has also been segregated on the basis of applications into hydrographic charting, offshore oil and gas, port and harbor management and coastal engineering. Hydrographic charting currently represents the biggest application segment, accounting for the majority of the overall market share.
- Region-wise, North America enjoys the leading position in the global market. Other major regions in the market include Europe, Asia Pacific, Middle East and Africa, and Latin America.
- The competitive landscape of the market has also been analyzed with some of the key players being Raytheon, Lockheed Martin, Thales, Kongsberg Gruppen, Ultra Electronics, L3 Technologies, Teledyne, Sonardyne, Atlas Elektronik, Furuno, Navico and JRC.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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