Press release
Sonar System Market Report: Analysis and Forecast During 2024-32 with US$ 5.8 Billion Valuation | IMARC Group
How Big is the Sonar System Market?
The global sonar systems market size reached US$ 4.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 1.85% during 2024-2032.
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What is Sonar System?
Sound navigation and ranging (SONAR) systems refer to devices that generally comprise a transducer, display, receiver and transmitter. They utilize acoustic noise waves that help in exploring and mapping the ocean. They function by sending an impulse sound from the transmitter, upon which an echo is generated that returns to the transducer, usually amplified by the receiver and the data are reflected over the display. As a result, it is widely adopted for marine and defense applications to create nautical charts, detect and determine the direction and distance of submerged objects and locate underwater hazards.
What are the growth prospects and trends in the sonar system industry?
The global market is primarily driven by significant growth in the defense sector. Along with this, the rising incidences of border threats and geopolitical conflicts among various countries are providing a boost to the demand for sonar systems. Since sound waves travel farther than radar and light, there has been a considerable rise in the utilization of sonar systems for exploration and communication purposes across the globe. Moreover, the increasing utilization of sonar systems for research and development (R&D) activities conducted by key players for seabed mapping are creating a positive market outlook.
Additionally, continual technological advancements, such as the introduction of synthetic aperture sonar systems that provide high-quality image resolution, are further strengthening the market. Other factors, including the rising expenditure to upgrade the overall defense infrastructure, continuous product innovations and the increasing demand for unmanned underwater vehicles (UUVs) for commercial oil and gas exploration activities, are also contributing to the market.
Leading Companies Operating in the Global Sonar System Industry:
• Raytheon
• Lockheed Martin
• Thales
• Kongsberg Gruppen
• Ultra Electronics
• L3 Technologies
• Teledyne
• Sonardyne
• Atlas Elektronik
• Furuno
• Navico
• JRC
Key Market Segmentation:
The report has segmented the sonar systems market on the basis of mode of operation, product type, installation, type, application, material and region.
Breakup by Mode of Operation:
• Active
• Passive
• Active cum Passive
Breakup by Product Type:
• Hull Mounted Sonar
• Towed Array Sonar
• Sonobuoys
• Dipping Sonar
• Driver Detection Sonar
Breakup by Installation:
• Vessel Mounted
• Airborne
• Towed
• UUV
• Hand-Held and Pole Mounted
• Others
Breakup by Type:
• Multi Beam
• Side Scan
• Single Beam
• Synthetic Aperture
Breakup by Application:
• Military
• Hydrographic Charting
• Offshore Oil and Gas
• Port and Harbour Management
• Coastal Engineering
• Others
Breakup by Material:
• Piezoelectric Ceramics
• Piezoelectric Single Crystals
• Magnetostrictive Materials
• Others
Regional Insights:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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