SONAR system Market Insights, Opportunity Analysis, Industry Shares And Forecast 2018-2025

Global SONAR system market Insights

This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

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Competitive Landscape:

The leading organizations covered in the SONAR System Market are:

General Dynamics Corporation
Lockheed Martin Corporation
Raytheon Company
Neptune SONAR
Ultra Electronics
Kongsberg Maritime
Thales Underwater Systems Ltd.
Harris Corporation
L-3 Klein Associates
Teledyne RESON

Drivers of the SONAR System Market:

The significant factors responsible for the growth of the global sonar system market include a rise in the demand for sonar systems in advanced defense and military forces for operations like preventive control and anti-submarine warfare. There has been an increasing adoption of the methods as the sonar system’s application is growing in the fishery industry, and various countries are co-operating for technology transfer. Furthermore, there has been an upsurge in demand for high-resolution imaging for seabed mapping for military and commercial applications, and this demand will further propel the market, creating various growth opportunities for the market, there has also been extreme demand for Unmanned Underwater Vehicles (UUVs) for many exploration and commercial purposes. Proliferating advancements in autonomous underwater vehicle technologies and continuously enhancing anti-submarine warfare techniques are some other factors fuelling the growth of the market. On the other hand, the negative effects of the sonar system on marine life and the complexity of the installation of the integrated SONAR, will hamper the growth of the market.

Based on the region, Europe is expected to grow at a higher CAGR during the forecast period. This is mainly due to the decrease in the shipbuilding industry in the region and the surged demand for autonomous ships and cruise ships in the European region.

Key Benefits offered by the SONAR System Market report:

This study represents the analytical depiction of the SONAR System Market along with the ongoing trends and future estimations to determine the imminent investment pockets.
The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the SONAR System Market share.

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Segmentation of the SONAR System Market:

The SONAR System Market has been categorized into the following segments:

Breakup by Product Type:

General-Purpose Hull Mounted Sonar
Stern Mounted Sonar
Seabed Imaging and Information Sonar
Dipping Sonar
Other Sonar

Breakup by Application:

Commercial
Military

Breakup by Installation Type:

Vessel Mounted
Hand-Held and Pole Mounted
Towed
Airborne
Unmanned Underwater Vehicle (UUV)
Other Installations

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, be it small and medium enterprises or large organization. Our research team helps the clients to understand the importance and impact of the market dynamics. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use both internal and external databases to cull out relevant information about the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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