Global Sonar System Market Size is projected to be valued $5 Billion by 2024; with a CAGR of 4% from 2017 to 2025. SONAR stands for Sound Navigation and Ranging. Sonar is one of the most effective tools for underwater explorationthat sends sound waves to locate objects under the surface of the water. Sonar technology mainly used in defense systems, Bathymetric Studies, pipeline inspections, Offshore wind turbines, Detecting explosives underwater, search and rescue missions, Underwater Communications and others.
The global sonar system market is classified on the basis of installation, mode of operation, product type, operating frequency, application, and geography. The installation segment is sub-segmented into vessel mounted, hand-held and pole mounted towed, airborne, unmanned underwater vehicles (UUV), other installations. Commercial active, military passive and military dual mode is the segregations of the mode of operation segment. On the basis of product type the segmentations includes general-purpose hull mounted sonar, stern mounted sonar, seabed imaging and information sonar, dipping sonar, and other sonars. High, medium, and low are the operating frequencies covered in the market. Furthermore, defense, and commercial are the segments of application.
On the basis of geography, global sonar system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Major companies operating in the global Sonar Systemmarket areTeledyne RESON, Neptune SONAR, Ultra Electronics, General Dynamics Corporation, Thales Underwater Systems Ltd., Lockheed Martin Corporation, Kongsberg Maritime, Harris Corporation, L-3 Klein Associates, and Raytheon Companyamong others
The key takeaways from the report
Scope of the Global Sonar System Market
Mode of Operation Segments
Product Type Segments
Operating Frequency Segments