Market Overview:
The Global Sonar Pinger System Market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for sonar pinger systems in the defense and commercial applications. The general-purpose hull mounted sonar segment is expected to hold the largest share of the global sonar pinger system market during the forecast period.
Product Definition:
Sonar pingers use sound waves to determine the location and size of underwater objects. The sonar pinger system is important for navigation, safety, and research purposes.
General-Purpose Hull Mounted Sonar:
Hull-mounted sonar is a device that emits sound waves and analyzes the reflected sound waves. It is used to detect objects surrounding the ship. The device consists of an array of transducers, which convert the acoustic energy into mechanical vibrations that are then projected onto the water surface.
The market for hull-mounted sonar in Sonar Pinger System market has been witnessing significant growth over recent years owing to its increasing demand in offshore oil & gas exploration activities.
Seabed Imaging and Information Sonar:
Seabed imaging and information sonar is a technology that uses sound waves to obtain images of the seabed. The data obtained from this process is used in various applications such as oil & gas exploration, water depth measurement, navigation and others. Seabed imaging provides bathymetric map coverage which includes topography (depth) and geology (sea floor features). It also helps in detecting hydrothermal vents along with other marine life forms under the sea surface.
Application Insights:
The defense segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. The growing need for underwater surveillance to deter, detect, and prevent acts of aggression against friendly ships is one of the key factors driving this growth. Furthermore Sonar Pinger systems are used by defense agencies for a variety of applications such as anti-submarine warfare (ASW), mine hunting, intelligence gathering, and research & development.
Commercial application segment was valued at USD 446.5 million in 2017 owing to rising adoption by commercial marine companies for deep-sea mining activities such as oil & gas exploration as well as undersea mineral prospecting operations across various regions including North America.
Regional Analysis:
North America dominated the global sonar pinger system market in terms of revenue share in 2016. The U.S., which is at the forefront, has been witnessing continuous advancements and modifications to its naval fleet since years ago. It was one of the first countries to develop a hull-mounted active sonar for submarines that can operate underwater for prolonged durations without surfacing.
The Asia Pacific region is anticipated to witness significant growth over a CAGR exceeding 6% from 2017 to 2030 owing to increasing defense budgets across emerging economies such as India and China along with Japan and South Korea among others coupled with rising geopolitical tensions between nations such as India-Pakistan, China-Japan, North Korea etc.
Growth Factors:
- Increasing demand for sonar pinger systems in the defense sector as a result of increasing maritime threats
- Growing popularity of sonar pinger systems among commercial fishermen for detecting fish and other aquatic lifeforms
- Rising demand for autonomous underwater vehicles (AUVs) equipped with sonar pingers
- Proliferation of oceanographic research institutes and universities that are using sonar pingers in their research programs
- Increased awareness about the benefits of using sonar pingers among recreational boaters and divers
Scope Of The Report
Report Attributes
Report Details
Report Title
Sonar Pinger System Market Research Report
By Type
General-Purpose Hull Mounted Sonar, Seabed Imaging and Information Sonar, Stern Mounted Sonar, Dipping Sonar, Others
By Application
Defense, Commercial
By Companies
Raytheon, Lockheed Martin, Thales, Kongsberg Gruppen, Ultra Electronics, L3, Teledyne, Sonardyne, Atlas Elektronik, Furuno, Raytheon, JRC
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Sonar Pinger System Market Report Segments:
The global Sonar Pinger System market is segmented on the basis of:
Types
General-Purpose Hull Mounted Sonar, Seabed Imaging and Information Sonar, Stern Mounted Sonar, Dipping Sonar, Others
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
Defense, Commercial
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:
- Raytheon
- Lockheed Martin
- Thales
- Kongsberg Gruppen
- Ultra Electronics
- L3
- Teledyne
- Sonardyne
- Atlas Elektronik
- Furuno
- Raytheon
- JRC
Highlights of The Sonar Pinger System 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:
- General-Purpose Hull Mounted Sonar
- Seabed Imaging and Information Sonar
- Stern Mounted Sonar
- Dipping Sonar
- Others
- By Application:
- Defense
- Commercial
- 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 Sonar Pinger System 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
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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?
Sonar Pinger System is a technology that uses sound waves to locate and track objects underwater.
Some of the major companies in the sonar pinger system market are Raytheon, Lockheed Martin, Thales, Kongsberg Gruppen, Ultra Electronics, L3, Teledyne, Sonardyne, Atlas Elektronik, Furuno, Raytheon, JRC.
The sonar pinger system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sonar Pinger System 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 Sonar Pinger System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sonar Pinger System 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 Sonar Pinger System 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 Sonar Pinger System Market Size & Forecast, 2020-2028
4.5.1 Sonar Pinger System Market Size and Y-o-Y Growth
4.5.2 Sonar Pinger System 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 General-Purpose Hull Mounted Sonar
5.2.2 Seabed Imaging and Information Sonar
5.2.3 Stern Mounted Sonar
5.2.4 Dipping Sonar
5.2.5 Others
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 Defense
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sonar Pinger System 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 Sonar Pinger System 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 General-Purpose Hull Mounted Sonar
9.6.2 Seabed Imaging and Information Sonar
9.6.3 Stern Mounted Sonar
9.6.4 Dipping Sonar
9.6.5 Others
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 Defense
9.10.2 Commercial
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 General-Purpose Hull Mounted Sonar
10.6.2 Seabed Imaging and Information Sonar
10.6.3 Stern Mounted Sonar
10.6.4 Dipping Sonar
10.6.5 Others
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 Defense
10.10.2 Commercial
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 General-Purpose Hull Mounted Sonar
11.6.2 Seabed Imaging and Information Sonar
11.6.3 Stern Mounted Sonar
11.6.4 Dipping Sonar
11.6.5 Others
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 Defense
11.10.2 Commercial
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 General-Purpose Hull Mounted Sonar
12.6.2 Seabed Imaging and Information Sonar
12.6.3 Stern Mounted Sonar
12.6.4 Dipping Sonar
12.6.5 Others
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 Defense
12.10.2 Commercial
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 General-Purpose Hull Mounted Sonar
13.6.2 Seabed Imaging and Information Sonar
13.6.3 Stern Mounted Sonar
13.6.4 Dipping Sonar
13.6.5 Others
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 Defense
13.10.2 Commercial
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 Sonar Pinger System Market: Competitive Dashboard
14.2 Global Sonar Pinger System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Raytheon
14.3.2 Lockheed Martin
14.3.3 Thales
14.3.4 Kongsberg Gruppen
14.3.5 Ultra Electronics
14.3.6 L3
14.3.7 Teledyne
14.3.8 Sonardyne
14.3.9 Atlas Elektronik
14.3.10 Furuno
14.3.11 Raytheon
14.3.12 JRC
