DUBLIN, March 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/jz5x2z/global_sonar) has announced the addition of the "Global SONAR System Market 2016-2020" report to their offering.
This comprehensive report predicts that the global sonar system market will grow with a CAGR of 7.31% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Vendors in the market are adopting mergers and acquisitions as well as partnerships to stay competitive in the market. The acquisitions have helped companies to expand their geographical presence and leverage the technical expertise of acquired companies to develop innovative products.
According to the report, focus on improving safety of marine transportation is one of the major drives in the market. There has been a rise in offshoring and drilling activities across the globe. The rise in international trade activities has necessitated improvement in safety standards for navigation. To achieve this, a number of nautical charting activities and surveys are being conducted. The ships are provided with SONAR navigational charts to record the real-time status of ships.
Further, the report states that SONAR systems have an adverse effect on marine life, as it can lead to the injury or even death of species that live underwater.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- ATLAS ELEKTRONIK
- Kraken Sonar
- Kongsberg Maritime
- Teledyne Reson
- Northrop Grumman
- Sound Metrics
- Neptune SONAR
- Furuno Electronic
- Johnson Outdoors
- FLIR Systems
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
PART 14: About Author
For more information visit http://www.researchandmarkets.com/research/jz5x2z/global_sonar
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