IMARC Group, a leading market research company, has recently releases report titled “Sonar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sonar systems market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the ambulance services market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.8 Billion |
| Market Forecast in 2028 | US$ 5.3 Billion |
| Growth rate (2023 to 2028) | CAGR of 1.65% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Sonar System?
Sound navigation and ranging (SONAR) represents a technique that uses sound waves to navigate, communicate, and detect objects that are lost or pose a hazard. These sound waves bounce off the objects and are then detected by sonar systems, which examine the details they contain. Sonar systems can be classified into passive and active sonar. Active sonar systems emit acoustic waves into the water and listen for the echoes produced underwater. On the other hand, passive sonars do not generate their signals but instead listen to the sounds emitted by other vessels. Presently, these sonar techniques are widely used for fishing, hydrography, oil exploration, marine observation, and nautical charting activities.
What are the growth prospects and trends in the Sonar System industry?
The increasing defense budgets by government bodies of numerous countries for building warships and deploying nuclear submarines as part of their military strategies, on account of the growing number of terrorist attacks, are among the key factors driving the sonar systems market. Moreover, the rising applications of these techniques in defensive measures and anti-submarine warfare (ASW) are also stimulating the market growth.
Besides this, the development of advanced systems, such as synthetic aperture sonar (SAS), that can generate higher-resolution images is acting as another significant growth-inducing factor. Furthermore, the elevating need for unmanned underwater vehicles (UUVs) for commercial oil and gas exploration is further propelling the global market. Apart from this, the continuous advancements in autonomous submarine automobiles and the rising allocation of funds to enhance the overall defense infrastructure is increasing the expenditure, which are anticipated to fuel the sonar systems market over the forecasted period.
Sonar System Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the sonar systems market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Raytheon
- Lockheed Martin
- Thales
- Kongsberg Gruppen
- Ultra Electronics
- L3 Technologies
- Teledyne
- Sonardyne
- Atlas Elektronik
- Furuno
- Navico
- JRC
Key Market Segmentation:
The report has segmented the sonar systems market on the basis of mode of operation, product type, installation, type, application, material and region.
Breakup by Mode of Operation:
- Active
- Passive
- Active cum Passive
Breakup by Product Type:
- Hull Mounted Sonar
- Towed Array Sonar
- Sonobuoys
- Dipping Sonar
- Driver Detection Sonar
Breakup by Installation:
- Vessel Mounted
- Airborne
- Towed
- UUV
- Hand-Held and Pole Mounted
- Others
Breakup by Type:
- Multi Beam
- Side Scan
- Single Beam
- Synthetic Aperture
Breakup by Application:
- Military
- Hydrographic Charting
- Offshore Oil and Gas
- Port and Harbour Management
- Coastal Engineering
- Others
Breakup by Material:
- Piezoelectric Ceramics
- Piezoelectric Single Crystals
- Magnetostrictive Materials
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/sonar-system-market/requestsample
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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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