Dublin, Dec 24, 2021 (GLOBE NEWSWIRE) – The “Sonar Systems Market by Application, Platform (Commercial Vessels, Defense Vessels, Unmanned Underwater Vehicles, Aircraft and Ports), Type, Material and Region ( North America, Europe, APAC, Middle East, & RoW) – Forecast to 2026 report “has been added to ResearchAndMarkets.com offer.

The sonar systems market is estimated at USD 5.9 billion in 2021 and is expected to reach USD 6.5 billion by 2026, with a CAGR of 1.8% from 2021 to 2026.

The market is driven by various factors such as improving interoperability of maritime systems, increasing use of sonar systems in commercial and military vessels, increasing defense spending of emerging economies, and increasing application for sonar systems in anti-submarine warfare. Anti-submarine warfare requires a special type of sonar system with advanced capabilities. These sonars are generally operated using airplanes. Anti-submarine warfare sonar is classified as diving sonar and sonobuoys.

Commercial vessels: Largest segment of the sonar systems market, by platform.

The commercial vessel platform includes all non-military vessels used for applications such as freight transportation, research, fishing, oil transportation, passenger transportation, etc. Commercial vessels are classified as bulk carriers, tankers, passenger cruise and dry cargo. Dry cargo is further classified as container, general cargo and dredges.

Anti-Submarine Warfare: The Fastest Growing Sonar Systems Market Segment, By Application.

Anti-submarine warfare (ASW) is a branch of submarine warfare that uses surface warships, airplanes, submarines, or other platforms to find, track and deter, damage and / or destroy enemy submarines. As each new generation of submarines becomes quieter and harder to detect, the detection technology used in ASW has in turn improved. sophisticated sonar equipment is used to first detect, then classify, locate and track a target submarine. Sensors are therefore a key component of ASW. Common weapons for attacking submarines include torpedoes and naval mines, both of which can be launched from a variety of air, surface, and submarine platforms. ASW capabilities are often viewed as of significant strategic importance, especially following provocative examples of unrestricted submarine warfare and the introduction of submarine-launched ballistic missiles, which have dramatically increased the perceived lethality of submarines. Big players like Thales and Ultra Electronics are heavily invested in AWS because it has proven time and time again to be worth it.

Hull Mounted: The fastest growing segment of the sonar systems market, by product.

Hull sonar is one of the most commonly used types of sonar. The hull sonar is attached to the bottom of the ship. Hull-mounted sonar are used to perform various tasks such as monitoring the seabed, searching for fish, anti-submarine warfare, detecting divers, etc.

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  • Sonar Systems Market, By End User – Modernization Segment to Become Major Market from 2018 to 2026

  • Sonar Systems Market, By Frequency – Ultrasonic Frequency Segment to Lead the Market from 2018 to 2026

  • Sonar Systems Market, By Solution – 2D Sonar Segment to Lead the Market from 2018 to 2026

  • Sonar Systems Market, By Country – Italy is expected to be the fastest growing market from 2021 to 2026

Market dynamics

Conductors

  • Growth in shipments of military vessels

  • Changing nature of war

  • Increase in defense spending in emerging economies

  • Growing need for cost-effective sonar systems for anti-submarine warfare

  • Increased adoption rate of unmanned underwater vehicles

Constraints

Opportunities

Challenges

Company Profiles

  • Aselsan AS

  • Electronic Atlas

  • Bharat Electronic Limited

  • Coda Octopus Products Ltd.

  • Defense research and development organization

  • DSIT Solutions Ltd.

  • Edgetech

  • Furuno Electric Co., Ltd

  • General dynamics

  • Geospectrum technologies

  • Hanwha Systems

  • Japanese radio company

  • Kongsberg Maritime

  • L3Harris

  • Lockheed Martin

  • Navico

  • North

  • Northrop Grumman Corporation

  • Raymarine

  • Raytheon Technologies

  • Sonardyne

  • Teledyne Technologies

  • Thales Group

  • Tritech

  • Ultra electronic

For more information on this report, visit https://www.researchandmarkets.com/r/40z0zj

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