Sonar Systems Market Analysis CAGR At A 7% Forecast 2027 By MRFR

0
0

The market is projected to register a CAGR of approximately 5.8% during the forecast period.

Market Highlights

Sonar system uses sound propagation to navigate, communicate with or detect objects under the surface of the water. The global sonar systems market has been segmented by type, system, application, and region.

Based on type, the market has been divided into active sonar and passive sonar. The passive sonar segment is expected to grow at the highest rate during the forecast period due to the large adoption of passive sonar for military applications globally. By installation, the market has been classified as vessel mounted, hand-held and pole mounted, towed, UUV, and others. On the basis of application, the market has been segmented into military and commercial.

The global Sonar Systems Market Analysis has been analyzed for five key regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

North America held largest share of the global sonar systems market in 2017 due to significant increase in defence spending in the US and Canada. Likewise, ongoing improvement in sensor technologies of passive and active sonar in the US is also expected to drive the demand for sonar systems during the review period.

Europe is one of the leading markets for sonar systems owing to rising demand in the UK, France, Russia, and Germany. The growth of the regional market can be attributed to the procurement of sonar to upgrade naval vessels.

Asia-Pacific is projected to grow at the highest rate during the forecast period. The increasing demand for sonar system in tactical defense operations due to increase in border disputes is expected to drive the market growth in this region. In the Middle East & Africa, the demand for sonar systems is expected to increase due to the increase in terrorist attacks in this region and large military expenses in Israel, Saudi Arabia, South Africa and Iran.

Drivers:

Key Players

The key players in the global sonar systems market are Atlas Elektronik (Germany), Kongsberg Gruppen (Norway), L3 (US), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Sonardyne (UK), Teledyne (US), Thales Group (France), and Ultra Electronics (UK).

scope of the Report

This study provides an overview of the global sonar systems market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The scope of the study segments the sonar systems market by type, installation, application, and region.

By Type

  • Active Sonar
  • Passive Sonar

By Installation

  • Vessel Mounted
  • Hand-Held and Pole Mounted
  • Towed
  • UUV
  • Others

By Application

  • Military
  • Commercial

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Browse Complete Report @ https://www.marketresearchfuture.com/reports/sonar-systems-market-6885

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.