Market Overview:
The global forward looking sonar market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for maritime security and safety measures across the globe. Additionally, the increasing adoption of forward looking sonar systems by merchant ships and navy vessels is also contributing to the growth of this market. The global forward looking sonar market can be segmented on the basis of type into 3D type and 2D type. The 3D type segment is expected to hold a larger share in this market than the 2D type segment during the forecast period from 2018 to 2030. This can be attributed to its ability detect objects in all directions, which makes it more advantageous than other types of sonars for maritime security applications. On the basis of application,the global forward looking sonarmarket can be divided into merchant ships, navy vessels, and other applications such as offshore drilling rigs and seismic survey boats among others .
Product Definition:
Forward-looking sonar (FLS) is a type of sonar that uses sound waves to produce images of objects in front of a vessel. It is used to determine the direction and distance of objects in the water. FLS systems are often used on vessels such as submarines, ships, and boats. They allow operators to see potential hazards and obstacles in the water ahead. This can help prevent collisions and other accidents.
3D Type:
3D type is a technique of creating three dimensional images by using various techniques such as Stereoscopy, Monocular Vision, and Binocular vision. The technology has been in use since the 19th century but it was Popeye who first used it to his advantage by eating spinach which gave him strength enough to fight Bluto.
2D Type:
2D type is also known as 2-dimensional or two-dimensional scanning sonar. It is a type of side scan sonar that works on the principle of sound propagation in water. It generates an acoustic image of the underwater topography by sending out a beam of sound and listening for the echo to return indicating height and depth information about objects under water.
Application Insights:
The other application segment includes the use of FFS for deep-sea mining, oil and gas exploration, and undersea volcanic eruptions. The use of FFS in deep-sea mining is expected to witness significant growth over the forecast period owing to its ability to scan large areas of seabed. Other applications include merchant ships, navy vessels, and others. Merchant ships are likely to be the major users of 3D type FFS while naval vessels are anticipated to prefer 2D type FFS over the forecast period as they provide enhanced capability in adverse weather conditions at a lower cost than 3D systems.
The North American market for FFs is driven by increased offshore drilling activities coupled with rising energy demand from Mexico and Canada resulting in growing need for oil & gas exploration activities off their coasts which subsequently drives demand for such equipment across all three countries; United States Mexico Canada.
Regional Analysis:
North America dominated the global forward looking sonar market in terms of revenue with a share of over 40% in 2017. This is attributed to the rise in defense budget and increasing maritime security expenditure by countries such as U.S., Canada, and Mexico among others. The region is anticipated to maintain its dominance over the forecast period owing to growing demand for advanced naval vessels from various end-user industries such as coast guards, customs, fisheries patrol boats, and other law enforcement agencies among others.
Asia Pacific regional market captured significant growth during the forecast period owing to rising investments by governments for deploying advanced sensors across merchant ships and navy vessels particularly across emerging economies including China & India among others will drive growth over next seven years.
Growth Factors:
- Increasing demand for sonar systems in the defense sector as a result of rising security concerns across the globe
- Growing popularity of forward looking sonar (FLS) systems in the commercial maritime sector due to their ability to improve safety and efficiency while reducing costs
- Proliferation of autonomous underwater vehicles (AUVs) and unmanned surface vessels (USVs) that are equipped with FLS systems, which is driving demand for these sensors
- Ongoing research and development initiatives aimed at enhancing the performance of FLS sensors, which is expected to boost market growth over the forecast period
- Rising number of naval exercises and increasing investments by governments in new sonar technologies are some other key factors that will fuel growth in the global forward looking sonar market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Forward Looking Sonar Market Research Report
By Type
3D Type, 2D Type
By Application
Merchant Ships, Navy Vessels, Other
By Companies
EchoPilot, FarSounder, B&G, Garmin, Daniamant, Wärtsilä, Teledyne Marine, Shark Marine Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Forward Looking Sonar Market Report Segments:
The global Forward Looking Sonar market is segmented on the basis of:
Types
3D Type, 2D Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Merchant Ships, Navy Vessels, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EchoPilot
- FarSounder
- B&G
- Garmin
- Daniamant
- Wärtsilä
- Teledyne Marine
- Shark Marine Technologies
Highlights of The Forward Looking Sonar Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3D Type
- 2D Type
- By Application:
- Merchant Ships
- Navy Vessels
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Forward Looking Sonar Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Forward looking sonar is a technology that uses sound waves to image the environment around a vessel. Forward looking sonar can be used to detect objects and structures underwater, as well as track the movement of vessels and other objects in the water.
Some of the major companies in the forward looking sonar market are EchoPilot, FarSounder, B&G, Garmin, Daniamant, WƒÂ¤rtsilƒÂ¤, Teledyne Marine, Shark Marine Technologies.
The forward looking sonar market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forward Looking Sonar Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Forward Looking Sonar Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Forward Looking Sonar Market - Supply Chain
4.5. Global Forward Looking Sonar Market Forecast
4.5.1. Forward Looking Sonar Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forward Looking Sonar Market Size (000 Units) and Y-o-Y Growth
4.5.3. Forward Looking Sonar Market Absolute $ Opportunity
5. Global Forward Looking Sonar Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Forward Looking Sonar Market Size and Volume Forecast by Type
5.3.1. 3D Type
5.3.2. 2D Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Forward Looking Sonar Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Forward Looking Sonar Market Size and Volume Forecast by Application
6.3.1. Merchant Ships
6.3.2. Navy Vessels
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Forward Looking Sonar Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Forward Looking Sonar Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Forward Looking Sonar Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Forward Looking Sonar Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Forward Looking Sonar Demand Share Forecast, 2019-2026
9. North America Forward Looking Sonar Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Forward Looking Sonar Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Forward Looking Sonar Market Size and Volume Forecast by Application
9.4.1. Merchant Ships
9.4.2. Navy Vessels
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Forward Looking Sonar Market Size and Volume Forecast by Type
9.7.1. 3D Type
9.7.2. 2D Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Forward Looking Sonar Demand Share Forecast, 2019-2026
10. Latin America Forward Looking Sonar Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Forward Looking Sonar Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Forward Looking Sonar Market Size and Volume Forecast by Application
10.4.1. Merchant Ships
10.4.2. Navy Vessels
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Forward Looking Sonar Market Size and Volume Forecast by Type
10.7.1. 3D Type
10.7.2. 2D Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Forward Looking Sonar Demand Share Forecast, 2019-2026
11. Europe Forward Looking Sonar Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Forward Looking Sonar Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Forward Looking Sonar Market Size and Volume Forecast by Application
11.4.1. Merchant Ships
11.4.2. Navy Vessels
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Forward Looking Sonar Market Size and Volume Forecast by Type
11.7.1. 3D Type
11.7.2. 2D Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Forward Looking Sonar Demand Share, 2019-2026
12. Asia Pacific Forward Looking Sonar Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Forward Looking Sonar Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Forward Looking Sonar Market Size and Volume Forecast by Application
12.4.1. Merchant Ships
12.4.2. Navy Vessels
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Forward Looking Sonar Market Size and Volume Forecast by Type
12.7.1. 3D Type
12.7.2. 2D Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Forward Looking Sonar Demand Share, 2019-2026
13. Middle East & Africa Forward Looking Sonar Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Forward Looking Sonar Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Forward Looking Sonar Market Size and Volume Forecast by Application
13.4.1. Merchant Ships
13.4.2. Navy Vessels
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Forward Looking Sonar Market Size and Volume Forecast by Type
13.7.1. 3D Type
13.7.2. 2D Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Forward Looking Sonar Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Forward Looking Sonar Market: Market Share Analysis
14.2. Forward Looking Sonar Distributors and Customers
14.3. Forward Looking Sonar Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EchoPilot
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. FarSounder
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. B&G
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Garmin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daniamant
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wärtsilä
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Teledyne Marine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shark Marine Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook