Global Towed Array Sonar System Market Growth (Status and Outlook) 2023-2029

Global Towed Array Sonar System Market Growth (Status and Outlook) 2023-2029

A towed array sonar is a system of hydrophones towed behind a submarine or a surface ship on a cable. Trailing the hydrophones behind the vessel, on a cable that can be kilometers long, keeps the array's sensors away from the ship's own noise sources, greatly improving its signal-to-noise ratio, and hence the effectiveness of detecting and tracking faint contacts, such as quiet, low noise-emitting submarine threats, or seismic signals.

The Towed Array Sonar industry can be broken down into several segments, Active Sonar, Passive Sonar, etc.

Across the world, the major players cover Kongsberg, Ultra Electronics, Cohort, Klein Marine Systems, Tritech, CMIE, Dynamics Mission Systems, Imagenex, NORBIT, L3Harris Technologies, etc.

LPI (LP Information)' newest research report, the “Towed Array Sonar System Industry Forecast” looks at past sales and reviews total world Towed Array Sonar System sales in 2022, providing a comprehensive analysis by region and market sector of projected Towed Array Sonar System sales for 2023 through 2029. With Towed Array Sonar System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Towed Array Sonar System industry.

This Insight Report provides a comprehensive analysis of the global Towed Array Sonar System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Towed Array Sonar System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Towed Array Sonar System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Towed Array Sonar System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Towed Array Sonar System.

The global Towed Array Sonar System market size is projected to grow from US$ 1357 million in 2022 to US$ 1946.8 million in 2029; it is expected to grow at a CAGR of 5.3% from 2023 to 2029.

Global core towed array sonar manufacturers include Lockheed Martin, Raytheon etc.The top 3 companies hold a share about 60%.Asia Pacific is the largest market, with a share about 40%, followed by North America and Europe with the share about 22% and 23%.

This report presents a comprehensive overview, market shares, and growth opportunities of Towed Array Sonar System market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Passive Sonar
Active Sonar

Segmentation by application
Surface Vessels
Submarines
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Lockheed Martin
Raytheon
Thales
L3Harris Technologies
Leonardo
Ultra Electronics
Atlas Elektronik
Kongsberg
CMIE
Cohort
DSIT Solutions
GeoSpectrum Technologies
SAES

Please note: The report will take approximately 2 business days to prepare and deliver.