USD 1.13 Billion
Sonar System Market Size, Share, Growth Analysis, By Platform(Commercial Vessels (Bulk Carriers, Tankers, Passenger Cruise, Dry Cargo (Containers), By Product(Hull-Mounted Sonar (Forward-Looking Sonar, Omnidirectional Sonar, Echosounders), Stern-Mounted Sonar (Variable Depth Sonar), By Solution(2D Sonar, 3D Sonar), By Technology(Active Sonar, Passive Sonar, Multistatic Sonar), By Installation(Deployable Sonar, Fixed Sonar), By Frequency(Ultrasonic, Infrasonic), By Application(Anti-Submarine Warfare, Port Security, Mine Detection & Countermeasure Systems, Search & Rescue), By End User(Line Fit, Retrofit), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2178 |
Region:
Global |
Published Date: November, 2024
Pages:
197
|Tables:
152
|Figures:
78
Sonar System Market Insights
Global Sonar System Market size was valued at USD 6.03 billion in 2022 and is poised to grow from USD 6.14 billion in 2023 to USD 7.08 billion by 2031, growing at a CAGR of 1.81% during the forecast period (2024-2031).
The Global Sonar System Market is characterised by way of massive boom, propelled by means of numerous packages across protection, maritime, and underwater exploration sectors. The growing call for for advanced anti-submarine conflict (ASW) abilities, underwater surveillance, and navigation safety contributes drastically to marketplace expansion. Technological advancements in sonar structures, together with the combination of artificial intelligence and progressed sign processing, decorate detection skills. The marketplace is driven via growing naval modernization programs and the growing need for underwater domain awareness. North America and Asia-Pacific are key regions, pushed through protection investments and maritime sports. Key trends include the improvement of compact and lightweight sonar structures for unmanned underwater cars (UUVs) and the integration of sonar with independent technology.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Dual
Fastest Growth
Active
Growth Rate
8% CAGR
Sonar System Market ($ Bn)
Country Share for North America Region (%)
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Sonar System Market Segmental Analysis
Global Sonar System Market is segmented by Platform, Product, Solution, Technology, Installation, Frequency, Application, End User and Region. Based on Platform, the market is segmented into Commercial Vessels (Bulk Carriers, Tankers, Passenger Cruise, Dry Cargo (Containers, General Cargo Ships, Dredgers)), Defense Vessels (Aircraft Carriers, Amphibious Ships, Destroyers, Frigates, Submarines, Corvettes, Offshore Patrol Vessels), Unmanned Underwater Vehicles (UUV) (Remotely Operated Vehicles, Autonomous Underwater Vehicles), Aircraft (Fixed-Wing Aircraft, Rotary-Wing Aircraft), Ports. Based on Product, the market is segmented into Hull-Mounted Sonar (Forward-Looking Sonar, Omnidirectional Sonar, Echosounders), Stern-Mounted Sonar (Variable Depth Sonar, Towed Array Sonar), Dipping Sonar, Sonobuoy. Based on Solution, the market is segmented into 2D Sonar, 3D Sonar. Based on Technology, the market is segmented into Short Technology, Active Sonar, Passive Sonar, Multistatic Sonar. Based on Installation, the market is segmented into Deployable Sonar, Fixed Sonar. Based on Frequency, the market is segmented into Ultrasonic, Infrasonic. Based on Application, the market is segmented into Anti-Submarine Warfare, Port Security, Mine Detection & Countermeasure Systems, Search & Rescue, Navigation, Others (Hydrographic Survey, Fishing, Diver Detection, Seabed Terrain Investigation, Scientific). Based on End User, the market is segmented into Line Fit, Retrofit. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type of Sonar
Dual Sonar structures are predicted to dominate the marketplace because of their versatility. Dual Sonar combines both active and passive sonar abilities, supplying a complete answer for a wide variety of applications, which includes anti-submarine warfare, underwater surveillance, and navigation safety.
Sonar systems designed for UUVs are expected to be the fastest-developing type. The increasing use of unmanned underwater motors in maritime exploration, protection, and surveillance drives the call for compact and lightweight sonar structures tailor-made for these self-sustaining platforms. The capability of UUVs to operate in difficult underwater environments propels the increase of sonar systems customized for this application, making it the quickest-developing segment within the sonar machine market.
Analysis by Installation Platform
Vessel-mounted sonar systems are anticipated to dominate the market. Vessels, which include naval ships and business vessels, widely install sonar for anti-submarine battle, underwater surveillance, and navigation, making vessel-installed installations the fundamental desire.
UUV-mounted sonar structures are expected to be the fastest-developing installation type. The increasing adoption of unmanned underwater motors in numerous programs, such as defense and underwater exploration, fuels the call for specialised sonar systems tailored for UUVs. The versatility and manoeuvrability of UUVs contribute to the speedy growth of sonar installations on these self-reliant systems.
Sonar System Market By Sonar Type Segment
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Sonar System Market Regional Insights
North America is poised to dominate the Sonar System Market. The area has a strong presence of protection groups making an investment in superior sonar technologies for maritime security and anti-submarine warfare. Additionally, the considerable maritime sports and ongoing modernization efforts make a contribution to the dominance of North America in the Sonar System Market.
Asia-Pacific is predicted to be the quickest-growing location in the Sonar System Market. Rising geopolitical tensions and the growing naval competencies of countries inside the region pressure vast investments in sonar systems for defense functions. The increase of business applications, which include fisheries and offshore exploration, in addition propels the demand for superior sonar structures in the Asia-Pacific region.
Sonar System Market By Region
- Largest
- Fastest
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Sonar System Market Dynamics
Drivers
Increasing Demand For Advanced Anti-Submarine Warfare (Asw)
- The escalating call for superior anti-submarine battle (ASW) skills is a primary driving force, with international locations specializing in bolstering their naval protection. Technological improvements, particularly in sign processing and artificial intelligence integration, enhance sonar systems' detection and analysis abilities.
Restraints
High Complexity Of Regulatory Frameworks
- One of the main market restraints is the complexity of regulatory frameworks, which often vary across areas and may impede the seamless deployment of sonar systems. Additionally, the excessive prices associated with growing and preserving superior sonar technologies act as a deterrent, especially for smaller players in the market.
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Sonar System Market Competitive Landscape
The competitive environment of the Sonar System market is dynamic and is marked by strong opposition amongst key gamers vying for technological innovation and market percentage. Major defense contractors, technology companies, and specialised sonar gadget companies are central figures in this panorama. Continuous studies and development efforts symbolize the market, with a focus on improving detection competencies, variety, and signal processing.
Top Player’s Company Profiles
- Northrop Grumman Corporation
- Aselsan A.S.
- Furuno Electric Co., Ltd
- Kongsberg Maritime
- Lockheed Martin
- Japan Radio Company
- L3Harris
- RTX Corporation
- Teledyne Technologies
- Thales Group
- Ultra Electronics
- Raymarine
- Coda Octopus Products Ltd.
- Hanwha Systems
- General Dynamics
- Geospectum Technologies
- Sonardyne
- Atlas Elektronik
- Navico
- DSIT Solutions Ltd.
- Edgetech
- Tritech
- Norbit
- Bharat Electronics Limited
Recent Developments
- In November 2023, LIG NEX1, a defense firm based in South Korea, said that the technical responsibilities associated with the Conformal Array Sonar Technology Development Program for submarines had been completed.
- October 2023: Infineon Technologies declared the crowning glory of the acquisition of GaN Systems Inc. The Ottawa-situated employer provides a extensive range of strength conversion answers primarily based on gallium nitride (GaN) at the side of superior software know-how.
- July 2023: Negotiations are reportedly underway among representatives of the Saudi Arabian Defense Electronic Company (SADEC) and Lockheed Martin for the acquisition of a sophisticated sonar machine, accompanied by means of discussions on a Transfer of Technology (ToT) settlement.
- In May 2023, Advanced anti-submarine warfare (ASW) missions were jointly unveiled by Israel Aerospace Industries and ATLAS ELEKTRONIK during the Undersea Defence Technology (UDT) Conference and Exhibition in Rostock, Germany.
Sonar System Key Market Trends
- Rising Shift Towards The Integration Of Artificial Intelligence (Ai) And Machine Learning (Ml): The discernible shift towards the mixing of synthetic intelligence (AI) and system studying (ML) algorithms in sonar structures, enhancing actual-time information evaluation and enhancing detection competencies. Secondly, there may be a fashion toward the development of compact and lightweight sonar systems, especially for unmanned underwater vehicles (UUVs), reflecting the industry's drive for increased mobility and flexibility.
Sonar System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Sonar System marketplace analysis exhibits a dynamic market with a number of standout traits and difficulties. The Market is pushed by using heightened demand for for superior anti-submarine battle competencies and underwater surveillance. Technological improvements, specifically AI integration and lightweight structures for unmanned underwater cars, propel marketplace increase. Regulatory complexities, high improvement fees, and environmental issues act as restraints. Dominated by way of important defense contractors, the market is marked with the aid of strategic collaborations and R&D investments.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.03 billion |
| Market size value in 2031 | USD 7.08 billion |
| Growth Rate | 1.81% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sonar System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sonar System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sonar System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sonar System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sonar System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sonar System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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