Market Overview:
The global multibeam sonar market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for multibeam sonars in commercial, scientific, and military areas. Multibeam sonars are used for various applications such as seabed mapping, surveying & charting, port security & management, oceanography research, and others. North America is expected to hold the largest share of the global multibeam sonar market during the forecast period owing to technological advancements and rising demand for maritime security solutions in this region.
Product Definition:
Multibeam sonar systems are used to map the seafloor with high accuracy and resolution. They work by sending out a fan-like array of sound waves in many directions simultaneously. The waves reflect off the seafloor and return to the sonar system, where they are processed to create a map of the seafloor. Multibeam sonar is important for navigation, marine archaeology, and ocean research.
Low Frequency:
Low frequency sound waves range from 20 to 200 hertz and are generated by marine animals, earthquakes, volcanic eruptions and wind. Low Frequency (LF) sound waves travel through seawater at a significant depth; they can be detected by hydrophones installed in the water column or by surface ships that listen for low-frequency sounds produced by oceanic processes.
Medium Frequency:
The term “Medium Frequency” is used for the range of sound waves between 4 to 20 kHz. The MF (medium frequency) sound beam has a wide application in marine navigation and fish finder systems. It is also used as an internal standard in some electronic devices such as CD players, radio tuners, and audio amplifiers.
Application Insights:
The military area is expected to be the fastest-growing segment over the forecast period. The development of advanced technologies for underwater warfare has led to an increased use of multibeam sonar systems in military areas, especially across the Asia Pacific and Middle East & Africa regions. This trend is likely to continue over the next few years as countries develop their naval capabilities due to growing concerns about offshore oil and gas resources.
Commercial areas are also expected to witness significant growth during the forecast period owing to rising demand from commercial sectors such as energy and marine biology for mapping sea floor topography using bathymetry data or deep water sound data. Commercial users require affordable products with enhanced performance characteristics that can be used on a smaller scale while maintaining high accuracy levels in large bodies of water such as oceans and seas. These factors are anticipated lead towards higher product adoption across various applications in commercial areas globally over the coming years.
Regional Analysis:
The Asia Pacific region is anticipated to hold the largest market share over the forecast period owing to increasing marine activities in countries such as China, India, and Japan. The rise in maritime activities has led to an increase in ship traffic which has resulted into increased deployment of multibeam sonar systems for navigation purposes. Furthermore, rising demand for oil & gas exploration and fishing are also expected to drive the regional product demand over the next eight years.
North America held a significant market share followed by Europe due to high adoption of advanced technologies across various industries including marine industry coupled with growing awareness about underwater structures among users. Moreover, presence of major manufacturers such as General Dynamics; Raytheon; Lockheed Martin Corporation; and Acoustic Wave Inc.
Growth Factors:
- Increasing demand for maritime security and safety
- Growing popularity of recreational boating and fishing
- Proliferation of advanced sonar technologies in commercial and military vessels
- Rising awareness about the benefits of multibeam sonar systems among end-users
- Emerging applications of multibeam sonar in underwater surveying, mapping, and exploration
Scope Of The Report
Report Attributes
Report Details
Report Title
Multibeam Sonar Market Research Report
By Type
Low Frequency, Medium Frequency, High Frequency
By Application
Commercial Area, Scientific Area, Military Area, Other
By Companies
Kongsberg, Teledyne, Wartsila, Klein Marine Systems, Tritech, IXblue, WASSP, Imagenex, NORBIT, R2Sonic
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Multibeam Sonar Market Report Segments:
The global Multibeam Sonar market is segmented on the basis of:
Types
Low Frequency, Medium Frequency, High Frequency
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
Commercial Area, Scientific Area, Military Area, 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:
- Kongsberg
- Teledyne
- Wartsila
- Klein Marine Systems
- Tritech
- IXblue
- WASSP
- Imagenex
- NORBIT
- R2Sonic
Highlights of The Multibeam 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:
- Low Frequency
- Medium Frequency
- High Frequency
- By Application:
- Commercial Area
- Scientific Area
- Military Area
- 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 Multibeam 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?
Multibeam sonar is a technology that uses multiple beams of sound to create an image of the surrounding environment. This technology can be used to map out objects and terrain in great detail, making it an important tool for navigation and search and rescue operations.
Some of the major players in the multibeam sonar market are Kongsberg, Teledyne, Wartsila, Klein Marine Systems, Tritech, IXblue, WASSP, Imagenex, NORBIT, R2Sonic.
The multibeam sonar market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multibeam Sonar Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multibeam Sonar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multibeam Sonar Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multibeam Sonar Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multibeam Sonar Market Size & Forecast, 2020-2028
4.5.1 Multibeam Sonar Market Size and Y-o-Y Growth
4.5.2 Multibeam Sonar Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Frequency
5.2.2 Medium Frequency
5.2.3 High Frequency
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Area
6.2.2 Scientific Area
6.2.3 Military Area
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multibeam Sonar Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multibeam Sonar Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Frequency
9.6.2 Medium Frequency
9.6.3 High Frequency
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Area
9.10.2 Scientific Area
9.10.3 Military Area
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Frequency
10.6.2 Medium Frequency
10.6.3 High Frequency
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Area
10.10.2 Scientific Area
10.10.3 Military Area
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Frequency
11.6.2 Medium Frequency
11.6.3 High Frequency
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Area
11.10.2 Scientific Area
11.10.3 Military Area
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Frequency
12.6.2 Medium Frequency
12.6.3 High Frequency
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Area
12.10.2 Scientific Area
12.10.3 Military Area
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Frequency
13.6.2 Medium Frequency
13.6.3 High Frequency
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Area
13.10.2 Scientific Area
13.10.3 Military Area
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multibeam Sonar Market: Competitive Dashboard
14.2 Global Multibeam Sonar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kongsberg
14.3.2 Teledyne
14.3.3 Wartsila
14.3.4 Klein Marine Systems
14.3.5 Tritech
14.3.6 IXblue
14.3.7 WASSP
14.3.8 Imagenex
14.3.9 NORBIT
14.3.10 R2Sonic
