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The World Market for Sonar Systems 2019-2023: Analyzed by Product Type, Application, Platform, End-user, Solution and Region - ResearchAndMarkets.com

May 21, 2019

DUBLIN--(BUSINESS WIRE)--May 21, 2019--

The “Sonar System Market by Product Type (Hull Mounted, Stern Mounted, Sonobuoy, DDS), Application (Commercial, Defense), Platform (Ship Type, Airborne), End User (Line Fit, Retrofit), Solution (Hardware, Software), Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The sonar system market is estimated to be USD 2,648.2 million in 2018 and is projected to reach USD 3,711 million by 2023, at a CAGR of 6.98% from 2018 to 2023. This report segments the sonar system market on the basis of product type, solution, platform, installation, mode of operation, application, end user, and region. It also contains revenue forecasts and technological trends predominant in this market.

The growth of this market can be attributed to the rise in maritime trade, developments in the offshore energy sector, and fisheries. The commercial sonar market in fisheries is experiencing high growth to locate fish breeding ocean waters as excessive fishing has resulted in lower catches. The hydrographic sonar industry is growing due to the increasing oil & gas exploration and dredging activities. The military sonar market is driven by new ship orders and upgradation.

Ships such as destroyers and frigates are installed with hull-mounted and towed array sonars. Submarine platforms installed are intercept array, cylindrical array, flank array, and towed array sonar. Mine-hunting ships are installed with high-end systems, such as Synthetic Aperture Sonar (SAS) and others. Increasing threats to ports from unidentified divers have led to an increase in the utilization of diver detection sonars for surveillance and threat detection in waters surrounding ports.

By product type, sonar systems are segmented into hull-mounted sonars, stern mounted sonars, dipping sonars, sonobuoy, unmanned underwater vehicle sonars, and diver detection systems. Hull-mounted sonars are used for navigation and detection of threats from enemy ships. Stern-mounted sonars are military sonar comprising variable depth sonars and towed array sonars. These help in the detection of enemy ships approaching from the stern side. Dipping sonars are used on helicopter platforms. Mode of operation takes into account active, passive, and dual sonars. Due to technological advancements, military sonars are now commercially available in the dual mode (active as well as passive). Passive sonars are preferred for usage in submarines as they provide stealth capabilities required for the purpose of gathering intelligence.

By region, the report covers 4 regions, North America, Europe, Asia Pacific, and Rest of the World. Asia-Pacific is projected to be the leading market for sonar systems during the forecast period and is estimated to account for the highest share for 2018 and Europe is projected to be the second largest market. The rise in military orders and the growth of the fishing industry are the key drivers for the growth of the Asia Pacific market.

Major players in the defense sonar system market include Thales Underwater Systems Ltd. (UK), ATLAS ELEKTRONIK GmbH (Germany), Raytheon Company (US), Lockheed Martin (US), L-3 Technologies Inc. (US) and Ultra Electronics (UK). Major players in the hydrographic sonar market include Kongsberg Gruppen ASA (Norway), Teledyne Technologies Inc. (US), and Sonardyne (UK). Navigation and fisheries sonars are provided by Furuno Electric Co., Ltd. (Japan), Japan Radio Company (Japan), Navico (Norway), and FLIR Systems (US). The report covers various industry trends and new technological innovations in the sonar system market for the period, 2016-2023.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Sonar System Market
4.2 Sonar System Market, By Product Type
4.3 Sonar System Market Share and CAGR of Top 10 Countries
4.4 Hull-Mounted Sonar Segment, By Subtype
4.5 Sonar System Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Number of Sonar Programs for Anti-Submarine Warfare (ASW) Techniques
5.2.1.2 Rising Demand for Sonobouy for Tactical Defense Operations
5.2.1.3 Growing Demand for Fisheries
5.2.1.4 Increasing Demand for High-Resolution Imaging for Seabed Mapping
5.2.1.5 Advancements in Active Sonar Technologies
5.2.2 Restraints
5.2.2.1 Side-Effects of Sonar on Marine Life
5.2.3 Opportunities
5.2.3.1 Growing Need for Cost-Effective Sonar Systems for Anti-Submarine Warfare
5.2.3.2 Increase in Defense Spending
5.2.3.3 Increase in Demand for Unmanned Underwater Vehicles
5.2.4 Challenges
5.2.4.1 Complex Training Involved in Building Anti-Submarine Warfare Capability

6 Industry Trends
6.1 Introduction
6.2 Industry Trends
6.2.1 Shift From 2D Sonar Processing to 3D Sonar Processing for Seabed Imaging and Charting
6.2.2 Sonar for Naval Applications
6.2.3 Introduction of AUVS, ROVS & UUVS
6.3 Technology Trends
6.3.1 Diver Detection Sonar Systems
6.3.2 Synthetic Aperture Sonar
6.3.3 Surveillance Network Sonar
6.3.4 Twin Inverted Pulse Sonar (TWIPS)
6.3.5 Torpedo Countermeasure System
6.3.6 Chirp Technology
6.3.7 Dual-Axis Sonar (DAS)
6.4 Innovations and Patent Registrations

7 Sonar System Market, By Application
7.1 Introduction
7.2 Defense
7.3 Commercial

8 Sonar System Market, By Installation
8.1 Introduction
8.2 Vessel-Mounted
8.3 Towed
8.4 Airborne
8.5 Unmanned Underwater Vehicles
8.6 Port

9 Sonar System Market, By Mode of Operation
9.1 Introduction
9.2 Active
9.3 Passive
9.4 Dual

10 Sonar System Market, By Product Type
10.1 Introduction
10.2 Hull-Mounted Sonar
10.3 Stern-Mounted Sonar
10.4 Dipping Sonar
10.5 Sonobuoy

11 Sonar System Market, By Solution
11.1 Introduction
11.2 Hardware
11.3 Software

12 Sonar System Market, By End User
12.1 Introduction
12.2 Line Fit
12.3 Retrofit

13 Sonar System Market, By Platform
13.1 Introduction
13.2 Ship Type
13.3 Airborne

14 Sonar System Market, By Region
14.1 Introduction
14.2 North America
14.3 Europe
14.4 Asia-Pacific

15 Competitive Landscape
15.1 Introduction
15.2 Competitive Scenario
15.2.1 Introduction
15.2.2 Visionary Leaders
15.2.3 Innovators
15.2.4 Dynamic Differentiators
15.2.5 Emerging Companies
15.3 Ranking Analysis
15.4 Competitive Situation & Trends
15.4.1 Recent Developments, January 2015-November 2018
15.5 Competitive Benchmarking
15.5.1 Strength of Product Portfolio
15.5.2 Business Strategy Excellence

16 Company Profiles
16.1 Raytheon
16.2 Lockheed Martin
16.3 Thales
16.4 Kongsberg Gruppen
16.5 Ultra Electronics
16.6 L3
16.7 Teledyne
16.8 Sonardyne
16.9 Atlas Elektronik
16.10 Furuno
16.11 Navico
16.12 Japan Radio (JRC) Co. Ltd.
16.13 Aselsan
16.14 DSIT
16.15 Edgetech

For more information about this report visit https://www.researchandmarkets.com/r/3aa7h4

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SOURCE: Research and Markets

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