The Sonar Systems market is estimated to record a CAGR of 8% over the forecast period (2021-2027). The sonar system market is growing as the military’s naval foot increases due to procurement of new ships and submarines and upgrade programs of existing naval ships. The growth of the market is also due to increased maritime trade, oil and gas exploration, dredging and fishing activities. Countries that rely on basic fish finders are expected to generate high demand for advanced sonar devices during the forecast period.
A full report of Sonar System Market available at https://www.orionmarketreports.com/sonar-system-market/24498/
Key market players
The major players in the sonar system market include Raytheon (US), Lockheed Martin (US), Thales (France), Kongsberg Gruppen (Norway), Ultra Electronics (UK), L3 (US), Teledyne (US), Sonardyne (UK), Atlas Elektronik (Germany), Furuno (Japan), Navico (Norway), Japan Radio (JRC) Co. Ltd. (Japan), DSIT (Israel), EdgeTech (US), and Aselsan (Turkey), among others. These players have adopted the key strategies of contracts and new product developments to strengthen their position in the sonar system market.
Sonar System Market- Segmentation
On the basis of platform
• Ship Type
• Airborne
On the basis of mode of operation
• Active
• Passive
• Dual
On the basis of end user
• Line Fit
• Retrofit
On the basis of installation
• Vessel-mounted
• Towed
• Airborne
• Port
• Unmanned Underwater Vehicles (UUVs)
On the basis of application
• Defense
• Commercial
On the basis of solution
• Hardware
• Software
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