SONAR Systems and Technology Market by Type, By Application ,System Type, and Geography - Forecasts & Analysis 2014 - 2020

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Feb 10, 2015, 10:16 ET

DUBLIN, Feb .10, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/pgrjtv/sonar_systems_and) has announced the addition of the "SONAR Systems and Technology Market by Type, By Application ,System Type, and Geography - Forecasts & Analysis 2014 - 2020" report to their offering.

The SONAR systems and technology market is estimated to be at $2.09 Billion in 2014 and is expected to register a CAGR of 6.84% to reach $3.12 Billion by 2020.

The report segments the SONAR systems and technology market on the basis of type, application, system type, and geographies. It also discusses about the SONAR components and software that constitute the whole SONAR system. Further, it contains revenue forecast and technological trends that are predominant in this market.

It is estimated that the SONAR systems and technology market would be valued at $3.41 billion in 2014; North America will have the largest market with 38.78% share, followed by Europe with 31.10%, and APAC with 16.44%.

Major players in SONAR systems and technology market include Ultra Electronics (GREENFORD, U.K.), Thales Underwater Systems Ltd. (U.K.), Kongsberg Maritime (Norway), General Dynamics Canada (Ottawa, Canada), Lockheed Martin(U.S.), and Raytheon (Waltham, U.S.).

Evidence of the military prioritization on sonar systems can be seen in the high levels of investment into this technology by the world's navies through last year and into 2014. The continuous innovation in synthetic aperture SONARs to bring image quality to much higher resolution for complementary applications and major SONAR contracts accomplished last year are beneficial for the growth of this market.

The growth of the SONAR systems and technology market has been primarily triggered by the advancements in digital signal processing that has improved underwater SONAR signal processing and communication, enhancement in anti-submarine warfare techniques, advancement in active and passive SONAR technologies, and rising demand for sonobuoy in tactical defense operations are some other factors that will swell the growth of this market in near future.

The rise in research, procurement, and use of Unmanned Underwater Vehicles (UUVs) over the past decade has seen significant advances made in the range of UUV payloads including SONARs and subsystems. UUVs are rapidly emerging as the platforms of choice for many military and commercial applications; including mine countermeasures and reconnaissance. Such type of application has a great potential for the growth of SONAR market.

The increasing underwater threat in major oceans across the world has led to increase in investment through technologies for the development of more efficient SONAR systems. Until recently, side scan and multi-beam SONARs have been the leading technology for detailed mapping and imaging of the seabed. However, the market for Synthetic Aperture Sonars (SAS) which provides ultra-high image

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Sonobuoy

8 SONAR Market, By Type

9 SONAR Market, By Acoustic Frequency

10 SONAR Market, By Components

11 SONAR Market, By Application

12 SONAR Market, By Software

13 SONAR Market, By System Type

14 Future Technology in SONAR Systems

15 Geographical Analysis

16 Competitive Landscape

17 Company Profiles

- Atlas Elecktronik
- Edge Tech
- Exelis
- Kongsberg Mesotech
- L-3 Klein Associates
- Lockheed Martin
- Neptune SONAR
- Northrop Grumman
- R-2 Sonic
- Raytheon
- Sound Metrics
- Teledyne Reson
- Thales Group
- Ultra Electronics

For more information visit http://www.researchandmarkets.com/research/pgrjtv/sonar_systems_and