Sonar Systems Market Share

Sonar Systems Market Overview

Sonar systems Market Size Valued at USD 7.1 Billion, market Grow at a CAGR Of 2% by 2020 -2030

The major factors driving the growth of the market are the increasing degree of global seaborne trade activities, followed by the growing requirement of shipowners to comply with the maritime safety norms, and the flourishing maritime tourism sector at an excellent market rate.

COVID 19 Analysis

Cancer is one of the most feared diseases that is recorded to have taken the lives of many loved ones all across the globe and hence, is feared much. Since the outbreak of the pandemic in 2020, there has been a ruckus due to the shutdown followed by the increasing diversion of the hospital and medical staff towards proper care and treatment for people who have tested positive for the virus spreads. Since the novel coronavirus was declared as a public healthcare emergency by the WHO and a pandemic, the lives of people have taken a toll owing to different trends and lifestyle changes followed by the diverted focus of medical professionals and healthcare service providers. Also, the imposition of lockdown and other kinds of functional restrictions has further, deteriorated the health of people and made them alter their life choices and decisions.

The government is coming forward to support the market players lifting the imposed restrictions and further, rising investment and transferring funds for the development of medicines and vaccines for the disease. Hence, cancer and radiology experts are coming back to their field and also, are promising an efficient use of machinery and resources deployed to extract information that is helpful and advantageous for the target audience that is spread in various sonar system market locations.

Market Dynamics Drivers

One of the major factors that will drive the demand for sonar system software is that there has been a substantial and reliable increase in the availability of various kinds of ships to meet the needs of the global target audience. There has been rising support from the government in the form of funding research related to the shipping industry are some promising reasons for the market. Also, the rising population is leading to a rise in the working population, their incomes, followed by their increase in the ability to spend the disposable income is beneficial for the global sonar system market size during the forecast period that will be ending in 2028.

 Restraints

Funding is an important factor in the high-end shipping industry that needs to be considered and an absence of the same in various underdeveloped and developing nations. Also, lack of awareness is another factor that causes the global sonar systems engineering market that be in the way of its growth. Also, sometimes, the global target audience has been unemployed due to the pandemic outbreak.

Technology Analysis

The sonar systems market demand has been blooming since the beginning of the forecast period in 2028. The global market is witnessing a steep rise in the availability of funds to carry the research and development activities that give rise to innovation and technology for the global market.

Study Objectives

The sonar systems market value is discussed in the report. The report aims to have an idea about the market trends prevalent under the global market scenario that will aid the developing the market dynamics like opportunities related to growth and spot the possible market restraints during the forecast period.

The market report studies the prevalence of the market forces and their enhancing role in improving the ability of the market segments to maintain a proper spread of the demanded market goods and market products so that the players can cover up the losses of the pandemic. Also, the report aims to help the market players opt for global diversification.

The sonar systems market report aims to help and understand the rising degree of competitiveness amongst the market players and further, consider the role of the dominant players that have the potential to pull major growth strings for the market based on the recent developments undertaken by them during the forecast period.Market Segmentation

The sonar system market has been divided all across the globe based on a series of factors that help the market meet the rising needs of the target audience that is spread in a series of global locations. The market has been segmented based on the following:

Based on the mode of operation

The sonar system market has been segmented as follows:

• Active


• Passive


• Dual


• Based on the end-user industry

The sonar system market has been segmented based on the end-user industry and the segments are stated as follows:

• Line Fit


• Retrofit

Based on the product type

The sonar system market has been segmented and the sub-segments are mentioned as follows:

• Hull Mounted Sonars


• Stern Mounted Sonars


• Dipping Sonars


• Sonobuoy


• Diver Detection Systems

Unmanned Underwater Vehicle (UUV) Sonars

Based on installation

The market segment includes the following:

• Vessel-mounted


• Towed


• Airborne


• Port


• Unmanned Underwater Vehicles (UUVs)

Based on the Region

The global market has been divided based on the global regions and includes the performance of major market regions like the North American, the Asian-Pacific region, Europe, Latin American region, and others like the Middle East and African region.

Regional Analysis

The sonar system market has been segmented all across the globe based on the global region and is currently functional in the North American region, the European region, the Asian Pacific region, the Latin American region, and the Middle East and African region. The marine sonar GPS systems market is likely to be propelled in the European region as there has been a huge increase in the demand for autonomous and cruise ships.

Competitive Landscape

The sonar systems market demand is rising because of the rising competition by the recent developments that have been undertaken by the following market players that are mentioned as follows:

• Thales (France)


• Aselsan (Turkey)


• Kongsberg Gruppen (Norway)


• Ultra Electronics (UK)


• Navico (Norway)


• EdgeTech (US)


• L3 (US)


• DSIT (Israel)


• Teledyne (US)


• Japan Radio (JRC) Co. Ltd. (Japan)


• Sonardyne (UK)


• Furuno (Japan)


• Atlas Elektronik (Germany)

 Recent Developments

Kongsberg Gruppen, a Norway-based company, is a prominent player in the global sonar systems market that will be providing high-technology systems to its avid customers that are a part of the marine, oil, and gas, and others like aerospace and defense industries. The company is likely to circulate offers for marine engine monitoring systems through its Kongsberg maritime business segment that has been on a prominent rise during the forecast period that will be ending in 2028.

In recent years, Kongsberg maritime has been known to have received several contracts from governments, and shipyards of different countries across the global market premises. For instance, in 2018, Kongsberg Gruppen received a contractual agreement from Ocean Infinity for supplying the 5 HUGIN autonomous underwater vehicle systems. These autonomous underwater vehicle systems are known to be fitted with the latest generation HISAS 1032 synthetic aperture sonars of Kongsberg maritime.

Raytheon is emerging as one of the largest defense contractors across the global market premises that is serving both, the government and commercial clients. The company is known to be delivering solutions through 5 business segments. These segments are missile systems; integrated defense systems; amongst others like space and airborne systems; intelligence, information and services; and Forcepoint. For instance, in 2017, this company that is Raytheon received a contractual agreement worth USD 28.0 million from the US Navy for conducting the supply processes of variable depth sonars.

Report Overview

This global sonar system market research report consists of a qualitative discussion that covers the following elements mentioned below:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Technical Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

The sonar system market research report discusses the emergence of factors that drive the global growth of the sonar system market in the global market premises and the factors that might restrict its growth in the global market based on the market predictions by the industry experts. The technical analysis of the global market during the forecast period ending in 2028 is a part of the curated report. The impact of the COVID 19 on the sonar system market all across the globe was also discussed followed by the future growth rate in the sonar system market during the forecasted period that ends in 2028.