Market Overview:
The global sonar systems 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 sonar systems in commercial, scientific, and military areas. The other type segment is expected to grow at the highest CAGR during the forecast period.
Product Definition:
Sonar systems are devices that use sound waves to detect, track and identify objects in the water. Sonar systems are used for a variety of purposes, including navigation, submarine detection and tracking, fishing and marine research. Sonar systems are important for maritime safety and security.
Single Beam Scanning Sonar System:
Single beam scanning sonar system is a device used to detect the objects in water. It works on the principle of sound waves and their reflection from underwater obstacles. The sound wave travels through water and reflects off any object present in its path, which enables it to create an image of the object surface below.
Multi-beam Sonar System:
Multi-beam sonar system is a device that emits sound waves in several directions. The sound waves travel through the water and return to the device with information about the depth of objects. Sonar systems are used for detecting submarines, measuring water quality, and monitoring fish populations.
Application Insights:
The military area segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The increasing use of multi-beam sonar systems by defense agencies for mapping sea floor, detecting submarines, and tracking missiles is projected to drive demand over the next eight years.
The commercial area segment accounted for a major share in 2017 owing to rising investments by private companies for oil & gas exploration activities across various regions including South America, Africa, Asia Pacific etc. Moreover, technological advancements such as integration of advanced processing capabilities with scanning sonar systems are anticipated to boost industry growth over the coming years.
For instance; In June 2018; GE Healthcare launched a new version of its SeaLite MRX system that includes an integrated data management platform along with mobile robotics technology designed specifically for medical applications operating on Windows 10 IoT Core Edition software platform.
Regional Analysis:
North America dominated the global sonar systems market in 2016 and is expected to maintain its position over the forecast period. The U.S., which is at the forefront of this region, has witnessed a surge in defense spending owing to increasing geopolitical tensions around the world. This has resulted in an increased demand for advanced underwater technology across several sectors including military, scientific research, and commercial applications.
Asia Pacific region accounted for over 20% of revenue share in 2016 and is anticipated to witness significant growth during the forecast period owing to rising maritime activities across several countries such as China, India, South Korea etc.; thereby boosting product demand across all application areas including military & defense sector as well as marine science & fishing industry. Moreover Sonance Ltd.
Growth Factors:
- Increasing demand for sonar systems from the defense sector as a result of increasing maritime threats
- Growing popularity of sonar systems in the commercial fishing industry to improve catch efficiency
- Rising demand for advanced sonar systems with enhanced features and capabilities
- Proliferation of unmanned underwater vehicles (UUVs) that require sonar systems for navigation and obstacle avoidance
- Development of new applications for sonar systems in areas such as environmental monitoring, oceanography, and archaeology
Scope Of The Report
Report Attributes
Report Details
Report Title
Sonar Systems Market Research Report
By Type
Single Beam Scanning Sonar System, Multi-beam Sonar System, Side Scan Sonar System, Other
By Application
Commercial Area, Scientific Area, Military Area, Other
By Companies
Thales Underwater Systems Ltd, Ultra Electronics, Northrop Grumman, Atlas Elecktronik, Lockheed Martin, Raytheon, Exelis, Kongsberg Mesotech, Sonardyne, L-3 Klein Associates, Furuno, Teledyne, DSME, Edge Tech, Haiying-Cal, HITARGET
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Sonar Systems Market Report Segments:
The global Sonar Systems market is segmented on the basis of:
Types
Single Beam Scanning Sonar System, Multi-beam Sonar System, Side Scan Sonar System, Other
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:
- Thales Underwater Systems Ltd
- Ultra Electronics
- Northrop Grumman
- Atlas Elecktronik
- Lockheed Martin
- Raytheon
- Exelis
- Kongsberg Mesotech
- Sonardyne
- L-3 Klein Associates
- Furuno
- Teledyne
- DSME
- Edge Tech
- Haiying-Cal
- HITARGET
Highlights of The Sonar Systems 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:
- Single Beam Scanning Sonar System
- Multi-beam Sonar System
- Side Scan Sonar System
- Other
- 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 Sonar Systems 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.
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- Correctly Positioning New Products
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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 Systems is a provider of acoustic sensing and signal processing products. The company's products are used in a variety of industrial, commercial, and military applications.
Some of the major players in the sonar systems market are Thales Underwater Systems Ltd, Ultra Electronics, Northrop Grumman, Atlas Elecktronik, Lockheed Martin, Raytheon, Exelis, Kongsberg Mesotech, Sonardyne, L-3 Klein Associates, Furuno, Teledyne, DSME, Edge Tech, Haiying-Cal, HITARGET.
The sonar systems market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sonar Systems 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. Sonar Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sonar Systems Market - Supply Chain
4.5. Global Sonar Systems Market Forecast
4.5.1. Sonar Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sonar Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sonar Systems Market Absolute $ Opportunity
5. Global Sonar Systems 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. Sonar Systems Market Size and Volume Forecast by Type
5.3.1. Single Beam Scanning Sonar System
5.3.2. Multi-beam Sonar System
5.3.3. Side Scan Sonar System
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sonar Systems 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. Sonar Systems Market Size and Volume Forecast by Application
6.3.1. Commercial Area
6.3.2. Scientific Area
6.3.3. Military Area
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sonar Systems 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. Sonar Systems 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 Sonar Systems 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. Sonar Systems 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 Sonar Systems Demand Share Forecast, 2019-2026
9. North America Sonar Systems 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 Sonar Systems 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 Sonar Systems Market Size and Volume Forecast by Application
9.4.1. Commercial Area
9.4.2. Scientific Area
9.4.3. Military Area
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sonar Systems Market Size and Volume Forecast by Type
9.7.1. Single Beam Scanning Sonar System
9.7.2. Multi-beam Sonar System
9.7.3. Side Scan Sonar System
9.7.4. Other
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 Sonar Systems Demand Share Forecast, 2019-2026
10. Latin America Sonar Systems 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 Sonar Systems 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 Sonar Systems Market Size and Volume Forecast by Application
10.4.1. Commercial Area
10.4.2. Scientific Area
10.4.3. Military Area
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sonar Systems Market Size and Volume Forecast by Type
10.7.1. Single Beam Scanning Sonar System
10.7.2. Multi-beam Sonar System
10.7.3. Side Scan Sonar System
10.7.4. Other
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 Sonar Systems Demand Share Forecast, 2019-2026
11. Europe Sonar Systems 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 Sonar Systems 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 Sonar Systems Market Size and Volume Forecast by Application
11.4.1. Commercial Area
11.4.2. Scientific Area
11.4.3. Military Area
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sonar Systems Market Size and Volume Forecast by Type
11.7.1. Single Beam Scanning Sonar System
11.7.2. Multi-beam Sonar System
11.7.3. Side Scan Sonar System
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. -o-Y Growth Projections by Type
11.10. Market 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 Sonar Systems Demand Share, 2019-2026
12. Asia Pacific Sonar Systems 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 Sonar Systems 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 Sonar Systems Market Size and Volume Forecast by Application
12.4.1. Commercial Area
12.4.2. Scientific Area
12.4.3. Military Area
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sonar Systems Market Size and Volume Forecast by Type
12.7.1. Single Beam Scanning Sonar System
12.7.2. Multi-beam Sonar System
12.7.3. Side Scan Sonar System
12.7.4. Other
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 Sonar Systems Demand Share, 2019-2026
13. Middle East & Africa Sonar Systems 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 Sonar Systems 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 Sonar Systems Market Size and Volume Forecast by Application
13.4.1. Commercial Area
13.4.2. Scientific Area
13.4.3. Military Area
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sonar Systems Market Size and Volume Forecast by Type
13.7.1. Single Beam Scanning Sonar System
13.7.2. Multi-beam Sonar System
13.7.3. Side Scan Sonar System
13.7.4. Other
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 Sonar Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sonar Systems Market: Market Share Analysis
14.2. Sonar Systems Distributors and Customers
14.3. Sonar Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thales Underwater Systems Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ultra Electronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Northrop Grumman
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Atlas Elecktronik
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lockheed Martin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Raytheon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Exelis
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kongsberg Mesotech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sonardyne
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. L-3 Klein Associates
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Furuno
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Teledyne
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. DSME
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Edge Tech
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Haiying-Cal
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. HITARGET
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
