SONAR Systems and Technology Market Industry Players to Show High Growth Rate by 2024

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Global SONAR Systems and Technology Market: Overview

SONAR stands for Sound Navigation And Ranging; this technique is used to detect an object on or under the surface of the water. It can be used for a variety of applications such as military, commercial, scientific, underwater mines, fisheries, hydrography, anti-submarine warfare, and threat detection. SONAR systems are also used to measure robot navigation and SODAR for atmospheric investigations. SONAR system uses acoustic frequencies, which ranges from very low to extremely high. Side scan and multi-beam SONARs is the leading technology, which helps in detailed mapping and imaging of the seabed.

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Global SONAR Systems and Technology Market: Growth Factors

Government and major companies are heavily investing in this new technology which may give rise to the global SONAR systems and technology market growth. Constant innovation in the synthetic aperture SONARs in order to enhance the resolution quality for complementary applications and accomplishment of the various contracts is anticipated to drive the market. Some of the major factors that are influencing the global market are enhancements in the anti-submarine warfare techniques, advancements in digital signal processing which has enhanced the underwater SONAR signal processing and communication, rising demand for sonobuoy in tactical defense operations, and advancements in active and passive SONAR technologies. Increasing investment in the research, use of unmanned underwater vehicles (UUVs), and procurement in the last few years has significantly enhanced the market. UUVs have become platforms for many commercial and military applications, which include reconnaissance and mine countermeasures. This is anticipated to spur the global SONAR systems and technology market in the coming years.

Global SONAR Systems and Technology Market: Segmentation

The global SONAR systems and technology market is globally segregated into system types, types, and application. On the basis of system types, the market is bifurcated into multi-beam SONAR, diver detection SONAR, single beam scanning SONAR, synthetic aperture SONAR, and side scan SONAR. Based on types, the market is segregated into passive SONAR systems and active SONAR systems. The application segment is divided into scientific, commercial, and military.

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Global SONAR Systems and Technology Market: Regional Analysis

Region wise the market is diversified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is the leading player in terms of shipment. Europe is following the same trend; growing focus on improving the safety of marine transportation is anticipating fueling the global market growth in Europe. Rising investments in UUVs and anti-submarine warfare (ASW) systems is projected to propel the market growth in the Latin American region.

Global SONAR Systems and Technology Market: Competitive Players

Major prominent players in the global SONAR systems and technology market include Northrop Grumman, Teledyne Reson, Ultra Electronics, Kongsberg Mesotech, Lockheed Martin, Atlas Elecktronik, and Raytheon. Other influencing players include Thales Group, R-2 Sonic, Edge Tech, Sound Metrics, Exelis, Neptune SONAR, and L-3 Klein Associates.

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