Global Sonar (Sound Navigation and Ranging) System Market: Size, Trends and Forecasts (2019-2023)

Scope of the Report

The report titled “Global Sonar (Sound Navigation and Ranging) System Market: Size, Trends and Forecasts (2019-2023)”, provides an in depth analysis of the global sonar system market by value, by application, by region, etc. The report provides a detailed analysis of the commercial and defense sonar system market by application. The report also provides a regional analysis of the sonar system market, including the following regions: North America, Europe, Asia Pacific and ROW.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global sonar system market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global sonar system market is highly fragmented with many market players operating worldwide. Some sonar system market players operating on a local level while other players operating on a regional and global level. Many local and regional vendors are offering specific application sonar systems for varied end-users. Further, key players of the sonar system market are Thales Group (Thales Underwater Systems), Ultra Electronics Holdings plc, Raytheon Company, Lockheed Martin Corporation, are also profiled with their financial information and respective business strategies.

Country Coverage

North America
Europe
Asia Pacific
ROW

Company Coverage

Thales Group (Thales Underwater Systems)
Ultra Electronics Holdings plc
Raytheon Company
Lockheed Martin Corporation

Executive Summary

Sonar (Sound Navigation and Ranging), refers to a technique that is used to detect or locate objects, especially under the surface of water by using sound waves. Sonar systems can be divided into two categories: Active Sonar (consists of transmitter and receiver) and Passive Sonar (contains only a receiver).

The main uses of sonar system include: for estimation of direction of arrival objects such as submarines; for finding out lost ships and submarines; for communication between sub-merged submarines; for locating mines and underwater hazards in order to achieve safe navigation; for seafloor mapping and seafloor imaging, etc.

The sonar system has a very significant history with continuous introduction of new and innovative technologies. The sonar system market can be segmented on the basis of application (Commercial & Defense); product type (Hull Mounted Sonars; Stern Mounted Sonars; Sonobuoy; Diver Detection Systems & Unmanned Underwater Vehicle (UUV) Sonars); frequency (High; Medium & Low) and installation (Vessel-mounted; Towed; Airborne; Port & Unmanned Underwater Vehicles (UUVs). The commercial and defense sonar system market can be further segmented into applications: commercial sonar system application (Navigation; Hydrography & Fishing) and defense sonar system application (Anti-submarine Warfare; Mine Detection & Countermeasure; Diver Detection; Port Security; Search & Rescue and Others).

The global sonar system market has increased significantly during the years 2017-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The sonar system market is expected to increase due to the expanding maritime tourism sector, increasing seaborne trade activities, rise in the new ship orders, growing use of sonar system in fishery industry, increasing consumption of oil and gas, etc. Yet the market faces some challenges such as the side effects on marine life from the usage of sonar, shortage of qualified professionals in maritime industry, etc.

Tags :

Figure 1: Types of Sonar
Figure 2: History of Sonar System
Figure 3: Uses of Sonar System
Figure 4: Possible Effects of Sonar on Marine Mammals
Figure 5: Sonar System Segmentation by Application
Figure 6: Sonar System Segmentation by Product Type
Figure 7: Sonar System Segmentation by Frequency and Installation
Figure 8: Global Sonar System Market by Value; 2017-2018 (US$ Billion)
Figure 9: Global Sonar System Market by Value; 2019-2023 (US$ Billion)
Figure 10: Global Sonar System Market by Application; 2018 (Percentage, %)
Figure 11: Global Sonar System Market by Region; 2018 (Percentage, %)
Figure 12: Global Defense Sonar System Market by Value; 2017-2018 (US$ Billion)
Figure 13: Global Defense Sonar System Market by Value; 2019-2023 (US$ Billion)
Figure 14: Global Defense Sonar System Market by Application; 2018 (Percentage, %)
Figure 15: Global Commercial Sonar System Market by Value; 2017-2018 (US$ Billion)
Figure 16: Global Commercial Sonar System Market by Value; 2019-2023 (US$ Billion)
Figure 17: Global Commercial Sonar System Market by Application; 2018 (Percentage, %)
Figure 18: Global Navigation Commercial Sonar System Market by Value; 2018-2023 (US$ Million)
Figure 19: Global Hydrography Commercial Sonar System Market by Value; 2018-2023 (US$ Million)
Figure 20: Global Fishing Commercial Sonar System Market by Value; 2018-2023 (US$ Million)
Figure 21: North America Sonar System Market by Value; 2017-2018 (US$ Billion)
Figure 22: North America Sonar System Market by Value; 2019-2023 (US$ Billion)
Figure 23: Europe Sonar System Market by Value; 2017-2018 (US$ Million)
Figure 24: Europe Sonar System Market by Value; 2019-2023 (US$ Million)
Figure 25: Asia Pacific Sonar System Market by Value; 2017-2018 (US$ Million)
Figure 26: Asia Pacific Sonar System Market by Value; 2019-2023 (US$ Million)
Figure 27: ROW Sonar System Market by Value; 2017-2018 (US$ Million)
Figure 28: ROW Sonar System Market by Value; 2019-2023 (US$ Million)
Figure 29: Global Ocean Cruise Passengers; 2013-2019 (Million)
Figure 30: Global Seaborne Trade by Volume; 2017-2023 (Million Tons)
Figure 31: Global Shipbuilding Market; 2018-2025 (US$ Billion)
Figure 32: Global Fish Exports; 2016-2030 (Thousand Tonnes)
Figure 33: Global Fish Imports; 2016-2030 (Thousand Tonnes)
Figure 34: Global Military Expenditure by Region; 2017-2018 (US$ Billion)
Figure 35: Global Total Oil Demand; 2013-2018 (Million Tonnes)
Figure 36: Global Autonomous Underwater Vehicles (AUVs) Demand by Sector; 2016-2020 (Units)
Figure 37: Global Sonar System Market Players by Revenue CAGR; 2018-2021 (Percentage, %)
Figure 38: Global Sonar System Market Players by Research & Development (R&D) Expenses; 2016-2018 (US$ Million)
Figure 39: Thales Group (Thales Underwater Systems) Sales; 2014-2018 (US$ Billion)
Figure 40: Thales Group (Thales Underwater Systems) Sales by Segments; 2018 (Percentage, %)
Figure 41: Thales Group (Thales Underwater Systems) Sales by Region; 2018 (Percentage, %)
Figure 42: Ultra Electronics Holdings plc Revenue; 2014-2018 (US$ Billion)
Figure 43: Ultra Electronics Holdings plc Revenue by Segments; 2018 (Percentage, %)
Figure 44: Ultra Electronics Holdings plc Revenue by Region; 2018 (Percentage, %)
Figure 45: Raytheon Company Net Sales; 2014-2018 (US$ Billion)
Figure 46: Raytheon Company Net Sales by Segments; 2018 (Percentage, %)
Figure 47: Raytheon Company Net Sales by Region; 2018 (Percentage, %)
Figure 48: Lockheed Martin Corporation Net Sales; 2014-2018 (US$ Billion)
Figure 49: Lockheed Martin Corporation Net Sales by Segments; 2018 (Percentage, %)
Figure 50: Lockheed Martin Corporation Net Sales by Region; 2018 (Percentage, %)
Table 1: Global Sonar System Market Players: A Financial Comparison; 2018