Sonar Systems Market - Industry Insights By Growth, Emerging Trends And Forecast By 2024
According to the latest market research report by IMARC Group, the global sonar system market reached a value of US$ 4.2 Billion in 2018. Sonar stands for Sound Navigation and Ranging which is a remote sensing technique that uses sound waves to detect, locate and identify objects in the water. A sonar system consists of front-end signal conditioning units, signal processors, underwater transducers, and displays. There are two major types of these systems, namely, active systems which emit acoustic signal or pulse into the water and passive systems which listen to the sound waves coming towards them from marine objects and animals. These systems are mostly used for underwater navigation and surveillance. They also help in determining water depth and characteristics of the ocean bed, locating various objects in it.
Global Sonar Systems Market Trends:
Sonar systems remain the primary surveillance technique used in naval ships and submarines for facilitating underwater communications as well as detecting and tracking enemy vessels and torpedoes. Moreover, manufacturers are engaged in R&D activities to develop advanced sonar systems. For instance, synthetic aperture sonar (SAS) has been successfully tested outside the sea with signal processing by the Norwegian Defense Research Establishment (FFI). In addition, high-resolution interferometric synthetic aperture sonar (HISAS) has been developed with the capability of producing ultra-high-resolution acoustic images as well as co-registered bathymetry with a frequency range of 70-100kHz. According to IMARC Group, the market value is projected to reach US$ 5.3 Billion by 2024, exhibiting a CAGR of around 4% over the forecast period (2019-2024).
Market Segmentation
Market Breakup by Mode of Operation
1. Commercial Active
2. Military Dual Mode
3. Military Passive
Market Breakup by Product Type
1. General-Purpose Hull Mounted Sonar
2. Seabed Imaging and Information Sonar
3. Stern Mounted Sonar
4. Dipping Sonar
5. Others
Market Breakup by Installation
1. Vessel Mounted
2. Towed
3. Hand-Held and Pole Mounted
4. Airborne
5. UUV
6. Others
Market Breakup by Operating Frequency
1. High
2. Medium
3. Low
Market Breakup by Application
1. Hydrographic Charting
2. Offshore Oil and Gas
3. Port and Harbour Management
4. Coastal Engineering
Market Breakup by Region
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America
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