Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

SONAR Systems Strategic Business Report 2024: Increasing Utilisation in Defense, Commercial, and Scientific Industries Fueling the $7 Billion Market - Global Forecast to 2030 - ResearchAndMarkets.com

The "SONAR Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for SONAR Systems was estimated at US$5.9 Billion in 2023 and is projected to reach US$7.0 Billion by 2030, growing at a CAGR of 2.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the SONAR systems market is driven by several factors, including the rising need for maritime security and surveillance, technological advancements in underwater acoustics and signal processing, and the increasing use of SONAR systems in defense, commercial, and scientific applications. The need to detect underwater threats, enhance navigation, and support anti-submarine warfare is driving the demand for advanced SONAR systems across various sectors.

Technological innovations in Synthetic Aperture SONAR, multi-frequency systems, and integration with autonomous vehicles are enhancing the capabilities and versatility of SONAR systems, supporting market growth. The expansion of SONAR applications in seabed mapping, offshore exploration, and environmental monitoring, coupled with the growing emphasis on data accuracy, range, and resolution, is creating new opportunities for market players. Additionally, the focus on developing lightweight, compact, and multi-functional SONAR systems for diverse underwater environments is further propelling the growth of the SONAR systems market.

Why Are SONAR Systems Essential for Modern Maritime and Defense Operations?

SONAR (Sound Navigation and Ranging) systems are indispensable for modern maritime and defense operations, providing critical capabilities for underwater detection, navigation, and communication. By emitting sound waves and analyzing the echoes returned from underwater objects, SONAR systems help detect submarines, underwater mines, and other threats, making them vital for anti-submarine warfare (ASW), mine countermeasures, and coastal surveillance.

With rising geopolitical tensions and the growing need for maritime security and surveillance, the adoption of advanced SONAR systems is increasing across naval forces worldwide. In addition to defense, SONAR systems are also widely used in commercial applications such as fishing, seabed mapping, and offshore oil and gas exploration, expanding their market potential.

How Are Technological Innovations Influencing the SONAR Systems Market?

Technological advancements in underwater acoustics, signal processing, and sensor technology are significantly shaping the SONAR systems market, enabling the development of more accurate, reliable, and versatile solutions. The introduction of Synthetic Aperture SONAR (SAS) technology, which provides high-resolution imaging and extended range capabilities, is gaining traction in mine detection, seabed mapping, and archaeological exploration.

The integration of SONAR systems with Autonomous Underwater Vehicles (AUVs) and Unmanned Surface Vehicles (USVs) is further enhancing their capabilities for remote monitoring and surveillance. Moreover, the development of compact, portable, and multi-frequency SONAR systems is expanding their application scope in search and rescue operations, environmental monitoring, and scientific research. These technological innovations are driving the growth of the SONAR systems market across various sectors.

Which Market Segments Are Leading the Growth of the SONAR Systems Industry?

Types of SONAR systems include active, passive, and synthetic aperture SONAR, with active SONAR holding the largest market share due to its effectiveness in detecting, tracking, and classifying underwater objects. Applications of SONAR systems span defense, commercial, and scientific research, with defense being the dominant segment due to the high demand for anti-submarine warfare, mine detection, and maritime surveillance capabilities.

End-use sectors comprise naval forces, commercial shipping, offshore oil and gas, fisheries, and oceanographic research, with naval forces leading the market due to the increasing focus on enhancing maritime security and defense capabilities. Geographically, North America and Europe are the largest markets for SONAR systems, driven by strong defense spending and technological innovation, while Asia-Pacific is expected to witness rapid growth due to rising investments in naval modernization and coastal surveillance.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Active SONAR Systems segment, which is expected to reach US$5.3 Billion by 2030 with a CAGR of a 2.4%. The Passive SONAR Systems segment is also set to grow at 2.0% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, which was valued at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 3.5% CAGR to reach $1.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Aselsan A.S., Atlas Elektronik GmbH, ERAPSCO, and more.

Key Attributes:

Report Attribute Details
No. of Pages 279
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $5.9 Billion
Forecasted Market Value (USD) by 2030 $7 Billion
Compound Annual Growth Rate 2.3%
Regions Covered Global

Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • SONAR Systems - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

  • Growing Need for Maritime Security and Surveillance Drives Demand for SONAR Systems
  • Rising Adoption of Advanced SONAR Technologies in Naval and Defense Applications Spurs Market Growth
  • Technological Advancements in Underwater Acoustics and Signal Processing Propel Innovation
  • Increasing Use of SONAR Systems in Fishery and Aquaculture Industries Expands Addressable Market
  • Emergence of Autonomous Underwater Vehicles (AUVs) with Integrated SONAR Systems Creates New Market Dynamics
  • Rising Focus on Enhancing SONAR Range, Resolution, and Detection Capabilities Drives Market Adoption
  • Growing Use of Synthetic Aperture SONAR (SAS) in Mine Detection and Subsea Exploration Fuels Market Competitiveness
  • Shift Towards Compact, Portable, and Multi-Frequency SONAR Systems Expands Market Potential
  • Rising Emphasis on Developing Low-Frequency and Passive SONAR Systems Boosts Market Growth
  • Focus on Integrating SONAR Systems with AI, Machine Learning, and Big Data Analytics Drives Market Innovation
  • Growing Demand for SONAR Systems in Commercial Shipping, Offshore Oil and Gas, and Search and Rescue Operations Generates New Opportunities

FOCUS ON SELECT PLAYERS (Total 12 Featured):

  • Aselsan A.S.
  • Atlas Elektronik GmbH
  • ERAPSCO
  • Klein Marine Systems, Inc.
  • Kongsberg Maritime AS
  • L3 Ocean Systems
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Company
  • Thales Group

For more information about this report visit https://www.researchandmarkets.com/r/3ugjct

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.