How Big is the Sonar System Market?
The Global Sonar System Market size was valued at USD 1.5 billion in 2022 and is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2023-28. The market’s growth is driven primarily by the rapidly soaring defense budgets for building warships & deploying nuclear submarines as a part of military strategies because of the rising number of terrorist acts worldwide.
Market Statistics
- Market Growth Rate (CAGR 6.9% from 2025-2030
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Sonar System Market Insight:
Driver-
The Rising Demand for Advanced Sonar Systems in Defense & Maritime Security: With the increasing implication of maritime security, nations are heavily investing in avant-garde Sonar systems to enhance their defense capabilities and safeguard their coastlines, as these systems facilitate crucial underwater surveillance capabilities, detect and track submarines, underwater mines, and other potential threats in both shallow and deep waters. Such massive investments stemmed from the rising number of terrorist acts worldwide, requiring a robust and advanced defense infrastructure to counter these threats effectively. Thus, the need for accurate and real-time underwater situational awareness has become vital, driving the demand for advanced Sonar and, subsequently, market expansion.
Sonar System Market Segmentation:
The report has segmented the market into the following categories:
By Application
- Defense- Market Size & Forecast 2018-2028, (USD Million)
- Port Security- Market Size & Forecast 2018-2028, (USD Million)
- Diver Detection- Market Size & Forecast 2018-2028, (USD Million)
- Mine Detection & Countermeasure Systems- Market Size & Forecast 2018-2028, (USD Million)
- Search & Rescue- Market Size & Forecast 2018-2028, (USD Million)
- Commercial- Market Size & Forecast 2018-2028, (USD Million)
- Fisheries- Market Size & Forecast 2018-2028, (USD Million)
- Hydrography- Market Size & Forecast 2018-2028, (USD Million)
- Navigation- Market Size & Forecast 2018-2028, (USD Million)
By Product Type
- Hull Mounted Sonar- Market Size & Forecast 2018-2028, (USD Million)
- Forward Looking Sonar- Market Size & Forecast 2018-2028, (USD Million)
- Omni-Directional Sonar- Market Size & Forecast 2018-2028, (USD Million)
- Echosounders- Market Size & Forecast 2018-2028, (USD Million)
- Stern-Mounted Sonar- Market Size & Forecast 2018-2028, (USD Million)
- Variable Depth- Market Size & Forecast 2018-2028, (USD Million)
- Towed Array- Market Size & Forecast 2018-2028, (USD Million)
- Dipping Sonar- Market Size & Forecast 2018-2028, (USD Million)
- Sonobuoy- Market Size & Forecast 2018-2028, (USD Million)
By Solution
- Hardware- Market Size & Forecast 2018-2028, (USD Million)
- Software- Market Size & Forecast 2018-2028, (USD Million)
By End User
- Line Fit- Market Size & Forecast 2018-2028, (USD Million)
- Retrofit- Market Size & Forecast 2018-2028, (USD Million)
By Installation
- Vessel Mounted- Market Size & Forecast 2018-2028, (USD Million)
- Towed- Market Size & Forecast 2018-2028, (USD Million)
- Airborne- Market Size & Forecast 2018-2028, (USD Million)
- Unmanned Underwater Vehicles- Market Size & Forecast 2018-2028, (USD Million)
- Port- Market Size & Forecast 2018-2028, (USD Million)
By Mode of Operation
- Active- Market Size & Forecast 2018-2028, (USD Million)
- Passive- Market Size & Forecast 2018-2028, (USD Million)
- Dual- Market Size & Forecast 2018-2028, (USD Million)
By Platform
- Ship Type- Market Size & Forecast 2018-2028, (USD Million)
- Commercial- Market Size & Forecast 2018-2028, (USD Million)
- Bulk Carrier- Market Size & Forecast 2018-2028, (USD Million)
- Gas Tanker- Market Size & Forecast 2018-2028, (USD Million)
- Tanker- Market Size & Forecast 2018-2028, (USD Million)
- Passenger Cruise- Market Size & Forecast 2018-2028, (USD Million)
- Dry Cargo- Market Size & Forecast 2018-2028, (USD Million)
- Others- Market Size & Forecast 2018-2028, (USD Million)
- Defense- Market Size & Forecast 2018-2028, (USD Million)
- Aircraft Carriers- Market Size & Forecast 2018-2028, (USD Million)
- Amphibious- Market Size & Forecast 2018-2028, (USD Million)
- Destroyers- Market Size & Forecast 2018-2028, (USD Million)
- Frigates- Market Size & Forecast 2018-2028, (USD Million)
- Submarines- Market Size & Forecast 2018-2028, (USD Million)
- Corvettes- Market Size & Forecast 2018-2028, (USD Million)
- Others- Market Size & Forecast 2018-2028, (USD Million)
- Airborne- Market Size & Forecast 2018-2028, (USD Million)
- Commercial- Market Size & Forecast 2018-2028, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Competitive Landscape:
- Reytheon
- Thales
- Lockheed Martin
- L3 Harris
- Ultra Technologies
- Kongsberg Gruppen
- Teledyne
- Sonardyne
- Atlas Elektronik
- Furuno
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2023-2028)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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