What is the global market size of Sonar System Market?

Global Sonar System Market size was valued at USD 1.13 Billion in 2022 and is poised to grow from USD 1.22 Billion in 2023 to USD 2.26 Billion by 2031, at a CAGR of 8% during the forecast period (2024-2031).

Who are the key vendors in the Global Sonar System Market?

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. 'Kongsberg Gruppen ASA (Norway)', 'Teledyne Technologies Incorporated (USA)', 'Raytheon Technologies Corporation (USA)', 'Thales Group (France)', 'Lockheed Martin Corporation (USA)', 'Ultra Electronics Holdings plc (UK)', 'L3Harris Technologies Inc. (USA)', 'General Dynamics Corporation (USA)', 'ATLAS ELEKTRONIK GmbH (Germany)', 'Navico Holding AS (Norway)', 'Aselsan Elektronik Sanayi A.Å. (Turkey)', 'FURUNO ELECTRIC CO. LTD (Japan)', 'Japan Radio Co., Ltd. (Japan)', 'Northrop Grumman Corporation (USA)', 'DSIT Solutions Ltd (Canada)', 'Kraken Robotics Inc. (Canada)', 'iXblue (France)', 'Tritech International Ltd (UK)', 'EDO Corporation (USA)', 'Sonardyne International Ltd (UK)''

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 News

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 Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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 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. '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'

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.

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.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Sonar System Market News

Sonar System Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Sonar System Market?

Who are the key vendors in the Sonar System Market?

What is the key driver of Sonar System Market?

What is the key market trend for Sonar System Market?

Which region accounted for the largest share in Sonar System Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300