Report Id: SNS/A&D/1165 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Sonar System Market is estimated to be USD 6.31 billion in 2022 and is projected to reach USD 7.34 billion by 2030, at a CAGR of 1.9% from 2023 to 2030.
The enhanced anti-submarine warfare capabilities market is driven by factors such as the adoption of sonar systems by naval forces, the growing use of sonorous in tactical defense programs, and the rising demand for high-resolution imaging for seabed mapping.
The commercial vessels segment of the sonar system market is projected to grow from USD 2686.5 million in 2021 to USD 2939.0 million by 2028, at a CAGR of 1.9% from 2021 to 2028. The defence vessels segment is projected to grow from USD 1495.2 million in 2021 to USD 1650.2 million by 2028, at a CAGR of 2% during the forecast period.
KEY DRIVERS:
The stable growth drive the market for sonar systems.
The navy uses a number of highly developed sonar systems to achieve the highest level of accuracy.
In warships, Sonar systems are used for a number of applications
Different types of vessels use different sonar for different applications
RESTRAINTS:
The high cost of sonar development is a major impediment to market expansion.
The system's expensive installation and maintenance costs limit market expansion.
The immediate impact of the COVID-19 epidemic on the navy industry has halted naval vessel manufacturing owing to decreased demand for marine ships, as well as trade activity.
The COVID-19 impact will cause the expected delivery of ship components, parts, and systems installed in navy vessels to be delayed, stifling market growth.
OPPORTUNITIES:
Unmanned Submarine Vehicles are used in the marine to perform tasks such as mining discovery, coastal surveys, fish behavior monitoring, etc.
These UV rays are rapidly evolving as more and more troops and other organizations show interest.
The Compact size of the UUV.
Market opportunity for sonar systems to change and grow at the same time.
CHALLENGES:
Submarine warfare necessitates the employment of numerous sensors and weapon technology.
Employees that use this technology must receive extensive training in order to gain the necessary skills.
Finding is typically followed by dividing, locating, and targeted submarine tracking, with end-users receiving intensive and complicated training.
THE IMPACT OF COVID-19
COVID-19 has led to several challenges for overall industries. Maritime industry is no exception to that. the budget allotted to the defense sector has been reduced by several countries, Because of COVID-19 outbreak. This puts most of the research projects put on hold. As well as, the export of commercial vessels and military to several countries in Middle East, Africa, and Latin America has also been reduced. the development of the sonar system affects by all these scenarios.
Impact of Ukraine and Russia Crisis.
This market's growth may be linked to an increase in marine trade, advancements in the offshore energy industry, and fisheries. As a result of overfishing, the commercial sonar sector in fisheries is expanding rapidly to find fish breeding ocean environments. The hydrographic sonar sector is expanding as a result of increased oil and gas exploration and dredging activities. New ship orders and upgrades boost the military sonar industry.
Ships such as destroyers and frigates are equipped with sonar-mounted towers. The submarine ports included are intercept array, cylindrical array, flank array, and sonar drag system. Mining hunting vessels are equipped with advanced systems, such as the Synthetic Aperture Sonar (SAS) and others. The increase in threats to harbors from unknown divers has led to an increase in the use of sonars that find variety to detect and detect threats in surrounding waters.
Based on the type of product, the market is divided into sonar-mounted sonar, pull sonar, sonobuoys, dipping sonar, and driver acquisition sonar.
Based on the installation, the market is divided into rolling, airplane, tug-of-war, UUV, hand-held and pillar, and more.
Based on the Type, the market is divided into multiple beams, side scans, single beams, and synthetic aperture.
Based on the Application, the market is divided into military, hydrographic charting, oil and marine gas, port and port management, coastal engineering and more. Hydrographic charting currently represents the largest application.
Based on the Material, the market is divided into piezoelectric ceramics, piezoelectric single crystals, magneto restrictive materials, and more.
KEY MARKET PLAYER:
Major players in the defense sonar system market include Thales Group, ATLAS ELEKTRONIK GmbH, Raytheon Company, Lockheed Martin, L-3 Technologies Inc., and Ultra Electronics. Major players in the hydrographic sonar market include Kongsberg Gruppen ASA, Teledyne Technologies Inc., and Sonardyne. Navigation and fisheries sonars are provided by Furuno Electric Co Ltd., Japan Radio Company, Navico, and FLIR Systems. The report covers various industry trends and new technological innovations in the sonar system market for the period,2022-2028.
KEY MARKET SEGMENT:
By Application
Anti-submarine Warfare
Port Security
Mine Detection & Countermeasure Systems
Search & Rescue
Navigation
Diver Detection
Seabed Terrain Investigation
Scientific
Others
By Platform
Commercial Vessels
Defence Vessels
Unmanned Underwater Vehicles (UUVs)
Aircrafts
Ports
By Product
Hull-mounted Sonar
Stern-mounted Sonar
Dipping Sonar
Sonobuoy
By Installation
Fixed
Deployable
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 6.31 Billion |
Market Size by 2030 | US$ 7.34 Billion |
CAGR | CAGR of 1.9% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Application • By Platform (Commercial vessels, Defence vessels, Unmanned Underwater Vehicles, Aircrafts, and Ports) • By Type • By Material |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Thales Group, ATLAS ELEKTRONIK GmbH, Raytheon Company, Lockheed Martin, L-3 Technologies Inc., and Ultra Electronics. Major players in the hydrographic sonar market include Kongsberg Gruppen ASA, Teledyne Technologies Inc., and Sonardyne. Navigation and fisheries sonars are provided by Furuno Electric Co Ltd., Japan Radio Company, Navico, and FLIR Systems. |
DRIVERS | • The stable growth drive the market for sonar systems. • The navy uses a number of highly developed sonar systems to achieve the highest level of accuracy. • In warships, Sonar systems are used for a number of applications |
RESTRAINTS | • The high cost of sonar development is a major impediment to market expansion. • The system's expensive installation and maintenance costs limit market expansion. • The immediate impact of the COVID-19 epidemic on the navy industry has halted naval vessel manufacturing owing to decreased demand for marine ships, as well as trade activity. |
Frequently Asked Questions (FAQ) :
According to SNS insiders, the Sonar Systems Market size was USD 6.2 billion in 2021 and is expected to reach USD 6.8 billion by 2028 with a CAGR of 1.9% over the forecasted period.
Finding is typically followed by dividing, locating, and targeted submarine tracking, with end users receiving intensive and complicated training.Submarine warfare necessitates the employment of numerous sensors and weapon technology.
North America, Asia-Pacific, The Middle East & Africa, Latin America, Europe are the major five region covered in this report.
The navy uses a number of highly developed sonar systems to achieve the highest level of accuracy.In warships, Sonar systems are used for a number of applications
Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Market Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Sonar Systems Market, By Application
8.1 Anti-submarine Warfare
8.2 Port Security
8.3 Mine Detection & Countermeasure Systems
8.4 Search & Rescue
8.5 Navigation
8.6 Diver Detection
8.7 Seabed Terrain Investigation
8.8 Scientific
8.9 Others
9. Sonar Systems Market, By Platform
9.1 Commercial Vessels
9.2 Defence Vessels
9.3 Unmanned Underwater Vehicles (UUVs)
9.4 Aircrafts
9.5 Ports
10. Sonar Systems Market, By Product
10.1 Hull-mounted Sonar
10.2 Stern-mounted Sonar
10.3 Dipping Sonar
10.4 Sonobuoy
11. Sonar Systems Market, By Installation
11.1 Fixed
11.2 Deployable
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 HITACHI LTD.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 AB VOLVO
13.3 CATTERPILLAR INC.
13.4 CNH INDUSTRIAL N.V
13.5 DEERE AND COMPANY
13.6 DOOSAN INFRACOE CO.LTD
13.7 J C BAMFORD EXCAVATORS. LTD.
13.8 KOMATSU LTD.
13.9 Liebherr-international AG
13.10 XCMG GROUP
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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