Global SONAR System Market CAGR Growth of 7.31% by 2020 - Trends, Technologies & Opportunities Report 2016-2020 - Key Vendors: Raytheon, Thales, Teledyne Reson

Mar 03, 2016, 13:10 ET from Research and Markets

DUBLIN, March 3, 2016 /PRNewswire/ --

Research and Markets ( 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.

Questions Answered:

  • 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?

Companies Mentioned:

  • Kraken Sonar
  • Kongsberg Maritime
  • Raytheon
  • Thales
  • Teledyne Reson
  • Harris
  • Northrop Grumman
  • R2Sonic
  • Sound Metrics
  • Neptune SONAR
  • Garmin
  • Furuno Electronic
  • Johnson Outdoors
  • Navico
  • FLIR Systems

Report Structure:

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

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SOURCE Research and Markets