$3.7 Bn Sonar System Market - Global Forecast to 2023: Growing Demand for Fisheries, High-Resolution Imaging for Seabed Mapping & Rising Demand for Sonobouy for Tactical Defense Operations

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Feb 26, 2019, 09:30 ET

DUBLIN, Feb. 26, 2019 /PRNewswire/ -- The "Sonar System Market by Product Type (Hull Mounted, Stern Mounted, Sonobuoy, DDS), Application (Commercial, Defense), Platform (Ship Type, Airborne), End User (Line Fit, Retrofit), Solution (Hardware, Software), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The sonar system market is projected to grow from USD 2.6 billion in 2018 to USD 3.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 6.98% during the forecast period from 2018 to 2023.

The major factors driving the growth of the market are the increasing global seaborne trade activities, growing requirement of shipowners to comply with the maritime safety norms, and flourishing maritime tourism sector. The vulnerability of ships to cyber threats due to their digitalization and shortage of qualified professionals in the maritime industry serve as restraints for the growth of the sonar system market.

Based on mode of operation, the active segment is estimated to account for the largest share of the sonar system market in 2018.

Based on mode of operation, the active segment is estimated to account for the largest share of the sonar system market in 2018. Increased demand for active sonar systems such as echo sounders used in commercial ships, and towed arrays, variable depth sonars, and hull-mounted sonars in military ships is leading to the growth of this segment of the market. Companies such as Kongsberg Gruppen, Raytheon, and Lockheed Martin are the leading manufacturers of active sonar systems.

Increasing demand for various hardware components of sonar systems is leading to the growth of the hardware segment of the sonar systems market.

Based on solution, the sonar system market has been segmented into hardware and software. Increasing requirement for ensuring reliability, safety, and real-time connectivity of ships is expected to drive the growth of the hardware segment of the sonar system market during the forecast period.

The Asia Pacific region is estimated to account for the largest share of the sonar system market in 2018.

The Asia Pacific region is estimated to account for the largest share of the sonar system market in 2018. Increasing demand for commercial ships from countries such as India, China, and Japan and growing investments to carry out the modernization of existing ships is expected to drive the growth of the sonar system market in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Sonar System Market
4.2 Sonar System Market, By Product Type
4.3 Sonar System Market Share and CAGR of Top 10 Countries
4.4 Hull-Mounted Sonar Segment, By Subtype
4.5 Sonar System Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Number of Sonar Programs for Anti-Submarine Warfare (ASW) Techniques
5.2.1.2 Rising Demand for Sonobouy for Tactical Defense Operations
5.2.1.3 Growing Demand for Fisheries
5.2.1.4 Increasing Demand for High-Resolution Imaging for Seabed Mapping
5.2.1.5 Advancements in Active Sonar Technologies
5.2.2 Restraints
5.2.2.1 Side-Effects of Sonar on Marine Life
5.2.3 Opportunities
5.2.3.1 Growing Need for Cost-Effective Sonar Systems for Anti-Submarine Warfare
5.2.3.2 Increase in Defense Spending
5.2.3.3 Increase in Demand for Unmanned Underwater Vehicles
5.2.4 Challenges
5.2.4.1 Complex Training Involved in Building Anti-Submarine Warfare Capability

6 Industry Trends
6.1 Introduction
6.2 Industry Trends
6.2.1 Shift From 2D Sonar Processing to 3D Sonar Processing for Seabed Imaging and Charting
6.2.2 Sonar for Naval Applications
6.2.3 Introduction of AUVS, ROVS & UUVS
6.3 Technology Trends
6.3.1 Diver Detection Sonar Systems
6.3.2 Synthetic Aperture Sonar
6.3.3 Surveillance Network Sonar
6.3.4 Twin Inverted Pulse Sonar (TWIPS)
6.3.5 Torpedo Countermeasure System
6.3.6 Chirp Technology
6.3.7 Dual-Axis Sonar (DAS)
6.4 Innovations and Patent Registrations

7 Sonar System Market, By Application
7.1 Introduction
7.2 Defense
7.2.1 Anti-Submarine Warfare
7.2.1.1 Increasing Focus on ASW Upgradation is Driving the Demand for Sonar System Market
7.2.2 Port Security
7.2.2.1 Increasing Underwater Threats are Driving the Demand for Sonar Systems Required in Port Security
7.2.3 Diver Detection
7.2.3.1 Demand for DDS Systems are Increasing in the Regions of APAC and Europe
7.2.4 Mine Detection and Countermeasure Systems
7.2.4.1 Rapid Increase in Mine Capable Countries is Boosting the Demand for Mine Detection and Countermeasure Systems
7.2.5 Search & Rescue
7.2.5.1 Increasing World Maritime Traffic is Affecting the Demand for Search and Rescue Operations Which is Directly Increasing the Demand for Search and Rescue Vessels
7.2.6 Other
7.3 Commercial
7.3.1 Fisheries
7.3.1.1 Advancements in Fishing Sonar Technologies is Increasing the Demand for Fish Chirp Soanrs
7.3.2 Hydrography
7.3.2.1 Increasing Oil & Gas Survey Applications in Near Future Will Boost the Demand for Hydrographic Surveys
7.3.3 Navigation
7.3.3.1 Increasing Overall Ship Delivery and Retrofitting Operations Will Affect the Demand for Sonar Systems

8 Sonar System Market, By Installation
8.1 Introduction
8.2 Vessel-Mounted
8.2.1 Growing Naval and Commercial Ship Delivery Will Grow the Demand for Vessel Mounted Sonars
8.3 Towed
8.3.1 Increased Naval Spending and Military Ship Upgradation Programs
8.4 Airborne
8.4.1 Increased Spending on ASW Capabilities is Growing the Market for Sonar Systems
8.5 Unmanned Underwater Vehicles
8.5.1 Increasing Autonomy and Less Human Interventions are Drivers for Unmanned Vehicles
8.6 Port
8.6.1 Increasing Funding on Port Security By Various Countries

9 Sonar System Market, By Mode of Operation
9.1 Introduction
9.2 Active
9.2.1 Growing Commercial Ship Deliveries Globally is Driving the Demand for Active Sonar Systems
9.3 Passive
9.3.1 Growing Naval Vessel Procurement and Upgradation Activities is Increasing the Demand for Sonar Systems
9.4 Dual
9.4.1 Growth in Usage of Dual Sonars in Increasing the Market for Sonar Systems

10 Sonar System Market, By Product Type
10.1 Introduction
10.2 Hull-Mounted Sonar
10.2.1 Forward-Looking Sonar
10.2.1.1 Demand for Safety and Efficiency of Vessels Will Drive the Growth for Vessel Traffic Management Systems
10.2.2 Omni-Directional Sonar
10.2.2.1 Installation of Sensors in Vessel Systems Will Boost Demand for Voyage Data Recorders
10.2.3 Echosounders
10.2.3.1 Increasing Commercial Ship Demand Due to Increasing Maritime Trade is Expected to Increase the Demand for Echosounders
10.3 Stern-Mounted Sonar
10.3.1 Variable Depth Sonar
10.3.1.1 Increasing Focus of Countries on Their ASW Capabilities is Boosting the Demand for Variable Depth Sonars
10.3.2 Towed Array Sonar
10.3.2.1 Increasing Focus on Surveillance and Reconnaissance Activities is Increasing the Demand for Towed Array Sonar Systems
10.4 Dipping Sonar
10.4.1 Increasing Focus of Countries on Their ASW Capabilities is Boosting the Demand for Dipping Sonars
10.5 Sonobuoy
10.5.1 Increasing Seriousness of Country's Navies Against Submarine Attack Threats is Boosting the Demand for Dipping Sonars
10.5.2 Diver Detection Sonar

11 Sonar System Market, By Solution
11.1 Introduction
11.2 Hardware
11.2.1 Increasing Demand for Ships From the Asia Pacific Region is Projected to Drive Market for Hardware
11.3 Software
11.3.1 Increase in Demand for Advanced Multifunctional Sonar Software is Projected to Drive the Market for Sonar Systems

12 Sonar System Market, By End User
12.1 Introduction
12.2 Line Fit
12.2.1 Increase in the Deliveries of New Ship is Expected to Drive the Demand in Linefit Segment
12.3 Retrofit
12.3.1 Rise in the Upgradation of Connected Systems for Older Vessels is Expected to Drive the Demand in Retrofit Segment

13 Sonar System Market, By Platform
13.1 Introduction
13.2 Ship Type
13.2.1 Commercial
13.2.2 Defense
13.3 Airborne
13.3.1 Sonobuoys
13.3.2 Dipping Sonars

14 Sonar System Market, By Region

15 Competitive Landscape
15.1 Introduction
15.2 Competitive Scenario
15.2.1 Introduction
15.2.2 Visionary Leaders
15.2.3 Innovators
15.2.4 Dynamic Differentiators
15.2.5 Emerging Companies
15.3 Ranking Analysis
15.4 Competitive Situation and Trends
15.4.1 Recent Developments, January 2015-November 2018
15.5 Competitive Benchmarking
15.5.1 Strength of Product Portfolio
15.5.2 Business Strategy Excellence

16 Company Profiles
16.1 Raytheon
16.2 Lockheed Martin
16.3 Thales
16.4 Kongsberg Gruppen
16.5 Ultra Electronics
16.6 L3
16.7 Teledyne
16.8 Sonardyne
16.9 Atlas Elektronik
16.10 Furuno
16.11 Navico
16.12 Japan Radio (JRC) Co., Ltd.
16.13 Aselsan
16.14 Dsit
16.15 Edgetech

For more information about this report visit https://www.researchandmarkets.com/research/qg8m75/3_7_bn_sonar?w=5

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