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Sonar System Market

Sonar Systems Market by Application, by Platform (Commercial vessels, Defence vessels, Unmanned Underwater Vehicles, Aircrafts, and Ports), by Type, by Material, and by Regions | Global Market Forecast to 2022 – 2028

Report Id: SNS/A&D/1165 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Sonar System Market is estimated to be USD 6.2 billion in 2021 and USD $ 6.3 billion in 2022 and is projected to reach USD 6.8 billion by 2028, at a CAGR of 1.9% from 2021 to 2028.

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.

Sonar System Market Revenue Graph

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

Sonar System Market Segment Chart

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

Sonar System Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 6.2 Billion
Market Size by 2028 US$ 6.8 Billion
CAGR CAGR of 1.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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

 

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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Secondary Research

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