Global Sonar Systems and Technology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sonar Systems and Technology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

SONAR stands for Sound Navigation and Ranging; this technique is used to detect an object on or under the surface of the water. It can be used for a variety of applications such as military, commercial, scientific, underwater mines, fisheries, hydrography, anti-submarine warfare, and threat detection. SONAR systems are also used to measure robot navigation and SODAR for atmospheric investigations. SONAR system uses acoustic frequencies, which ranges from very low to extremely high. Side scan and multi-beam SONARs is the leading technology, which helps in detailed mapping and imaging of the seabed.

Market Overview:

The latest research study on the global Sonar Systems and Technology market finds that the global Sonar Systems and Technology market reached a value of USD 3080.95 million in 2022. It’s expected that the market will achieve USD 4795.08 million by 2028, exhibiting a CAGR of 7.65% during the forecast period.

The application field of SONAR technology continues to expand, and the industry has a broad space for development.

In military applications, SONAR technology is the main technology used by the Navy for underwater surveillance. It is used to detect, classify, locate and track underwater targets, perform underwater communication and navigation, and protect ships, anti-submarine aircraft, and anti-submarine helicopters. The use of tactical maneuvers and underwater weapons. In the civil field, it mainly includes marine acoustic environment survey, marine resource exploration, and marine topography mapping. With the intervention of marine high-tech and the continuous upgrading of equipment, the underwater terrain acoustic detection technology has developed rapidly. It has become one of the important research fields in marine surveying and mapping in the world's marine countries. SONAR technology has become a submarine oil exploration. Main technique. In addition, modern SONAR technology can be used to detect and record the flow velocity and direction of ocean currents for marine fisheries. For example, SONAR fish finder can be used to find the movement of fish stocks, the location, and range of fish stocks, etc. Fish production and efficiency assisted fishing SONAR equipment can be used to count, lure fish, fish, or track a trailing fish. Marine farms can use acoustic barriers to prevent shark invasion and prevent the escape of lobster fish.

Naval construction

The naval status of the new era is prominent, and the continuous increase of naval modernization and information construction investment is conducive to the long-term development of the industry.

Marine exploration industry

With the arrival of the marine economy, the ocean exploration industry is expected to usher in a leap-forward development.

Region Overview:

In 2022, the share of the Sonar Systems and Technology market in United States stood at 27.44%.

Company Overview:

Lockheed Martin is one of the major players operating in the Sonar Systems and Technology market, holding a share of 7.79% in 2023.

Lockheed Martin

Lockheed Martin Corporation, security, and aerospace company engaged in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide.

Ultra Electronics

Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets.

Segmentation Overview:

As for product types, the Multi-Beam SONAR segment held the largest market share in 2022.

Application Overview:

In the Sonar Systems and Technology market, 44.41% of the total value was generated through the Military segment by application in 2022.

Key Companies in the global Sonar Systems and Technology market covered in Chapter 3:

Thales Group
L3Harris Technologies
Japan Radio Co
Kongsberg Gruppen
Ultra Electronics
Teledyne Technologies International Corp
Northrop Grumman
Lockheed Martin
SONARdyne
ThyssenKrupp Marine Systems
Furuno Electric Co., Ltd.
Raytheon Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Sonar Systems and Technology market from 2018 to 2029 is primarily split into:

Multi-Beam SONAR
Diver Detection SONAR
Single Beam Scanning SONAR
Synthetic Aperture SONAR
Side Scan SONAR

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sonar Systems and Technology market from 2018 to 2029 covers:

Scientific
Commercial
Military

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)