Categories: Press Release

Sonar System Market Size, Share, Growth Insight – 6.9% Estimated CAGR Growth By 2028

MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Sonar System Market Size, Share, Analysis, Forecast 2023-2028.

Sonar System Market Analysis and Insights:

The Sonar System Market size is estimated to grow at a CAGR of around 6.9% during the forecast period, i.e., 2023-28.

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Sonar System Market Dynamics

Global Sonar System Market Opportunity: Growing Recognition of the Extensive Benefits Offered by Unmanned Underwater Vehicles (UUVs)

Sonar, being a crucial component of unmanned underwater vehicles, has witnessed a surge in its demand, resulting in substantial market growth, i.e., swiftly pushed by the increasing popularity of UUVs, including remotely operated underwater vehicles (ROUVs) and autonomous underwater vehicles (AUVs) across Military and defense, Oceanography, Oil and gas industry, Underwater archaeology and Search and rescue.

As the more advanced and sophisticated UUVs with longer endurance, more excellent depth capabilities, and improved data collection capabilities continue to develop, these vehicles have gained recognition as essential for exploring underwater ecosystems.

Moreover, with various Naval forces carrying out numerous projects in an attempt to leverage the capabilities of UUVs, such as mine sweeping, intelligence gathering, surveillance, reconnaissance, and submarine combat, in naval warfare, the market is all set to expand in the coming years. For instance:

In April 2023, India launched an Extra Large Unmanned Underwater Vehicle (XLUUV) development project in line with the Indian Navy’s plan to procure up to 12 XLUUVs.

Sonar System Market Report Segmentation:

The report has segmented the market into the following categories:

By Application

–Defense

–Port Security

–Diver Detection

–Mine Detection & Countermeasure Systems

–Search & Rescue

-Commercial

–Fisheries

–Hydrography

–Navigation

By Product Type

-Hull Mounted Sonar

–Forward Looking Sonar

–Omni-Directional Sonar

–Echosounders

-Stern-Mounted Sonar

–Variable Depth

–Towed Array

–Dipping Sonar

–Sonobuoy

By Solution

-Hardware

-Software

By End User

-Line Fit

-Retrofit

By Installation

-Vessel Mounted

-Towed

-Airborne

-Unmanned Underwater Vehicles

-Port

By Mode of Operation

-Active

-Passive

-Dual

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Market Divided by Region/Country:

By Region

–North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Who are the top Companies in the Sonar System Market?

Reytheon, Thales, Lockheed Martin, L3, Ultra Electronics, Kongsberg Gruppen, Teledyne, Sonardyne, Atlas Elektronik, Furuno, Others

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.