Executive Summary:
The Global Sonar System Market, valued at USD 2.71 billion in the year 2018 has been witnessing unprecedented growth in the last few years on the back of increasing expenditure on military or naval forces. Moreover, factors that are backing the growth of sonar system market are increasing global sea trade, growing maritime tourism, increasing demand of autonomous underwater vehicles as well as ongoing improvement in the marine navigational safety.
Among the Solutions segment in the sonar system market (Hardware, Software), Hardware Solution has been gaining popularity among various end-user segments and is expected to keep major market share in the forecast period on the back of higher underwater security measures from threats and conflicts. The Hardware solution segment includes components such as sensors, transducers, etc.
Based on End-User segment, Defence sector dominates the market share in year 2018 and is also expected to show dominance during the forecast period owing to rising initiatives by the regional government's on providing more and better security measures to ensure the safety of lives from underwater threats and terrorist attacks.
The Asia Pacific market is estimated to be the leading market for sonar system during the forecast period with China being the leading country in the region followed by Japan and India. Moreover, burgeoning demand for medical applications and rising demand for sonar system in strategic defence operations are some of the key factors fuelling the demand of sonar system in the region.
Scope of the Report:
- The report analyses the sonar System market at global, regional and country level.
- The report analyses the Sonar System Market by Solution (Hardware, Software).
- The report assesses the Sonar System market by its end-user industry (Commercial, Defence).
- The report assesses the Sonar System market by Defence Application (Anti-submarine warfare, Mine Detection & Countermeasure, Others).
- The report assesses the Sonar System market by Commercial Application (Navigation, Hydrography, Fishing).
- The Global Sonar System Market has been analysed by Region (North America, Europe, Asia Pacific, LAMEA) and by Country (United States, Canada, Russia, France, United Kingdom, China, Japan, India)
- The attractiveness of the market has been presented by region, solution, end-user industry, defence application and commercial application. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, key developments in the market and new product development. The companies analysed in the report include Norbit, Raytheon, Northrop Grumman, Kongsberg Gruppen, Teledyne Technologies, Furuno, Thales, Ultra Electronics, Atlas Elektronik, Lockheed Martin.
- The report presents the analysis of Sonar system market for the historical period of 2014-2018 and the forecast period of 2019-2024.
Key Target Audience:
- Sonar System Manufacturers
- Consulting and Advisory Firms
- Government and Policy Makers
- Investment Banks and Equity Firms
- Regulatory Authorities
Table of Contents
1. Report scope & Methodology
- 1.1 Scope of the Report
- 1.2 Research Methodology
- 1.3 Executive Summary
2. Strategic Recommendations
- 2.1 Concentration on Product and Market development strategies.
- 2.2 Software synchronized control strategy.
3. Product Outlook
4. Global Sonar System Market: Sizing and Forecast
- 4.1 Market Size, By Value, Year 2014-2024
5. Global Sonar System Market Segmentation By Solution
- 5.1 Competitive Scenario of Global Sonar System: By Solution
- 5.2 Hardware - Market Size and Forecast (2019-2024)
- 5.3 Software - Market Size and Forecast (2019-2024)
6. Global Sonar System Market Segmentation By End-User
- 6.1 Competitive Scenario of Global Sonar System: By End-User
- 6.2 Commercial- Market Size and Forecast (2019-2024)
- 6.3 Defence- Market Size and Forecast (2019-2024)
7. Global Sonar System Market Segmentation By Defence Application
- 7.1 Competitive Scenario of Global Sonar System: By Defence Application
- 7.2 Anti-Submarine warfare - Market Size and Forecast (2019-2024)
- 7.3 Mine Detection & Countermeasure - Market Size and Forecast (2019-2024)
- 7.4 Others - Market Size and Forecast (2019-2024)
8. Global Sonar System Market Segmentation By Commercial Application
- 8.1 Competitive Scenario of Global Sonar System: By Commercial Application
- 8.2 Navigation - Market Size and Forecast (2019-2024)
- 8.3 Hydrography - Market Size and Forecast (2019-2024)
- 8.4 Fishing - Market Size and Forecast (2019-2024)
9. Global Sonar System Market: Regional Analysis
- 9.1 Competitive Scenario of Global Sonar System: By Region
10. North America Sonar System Market: Segmentation By Solution, End-User (2019-2024)
- 10.1 North America Sonar System Market: Size and Forecast (2019-2024)
- 10.2 North America Sonar System Market - Prominent Companies
- 10.3 Market Segmentation By Solution (Hardware, Software)
- 10.4 Market Segmentation By End-User (Defence, Commercial)
- 10.5 North America Sonar System Market: Country Analysis
- 10.6 Market Opportunity Chart of North America Sonar System Market - By Country, By Value (Year-2024)
- 10.7 Competitive Scenario of North America Sonar System: By Country
- 10.8 United States Sonar System Market: Size and Forecast (2019-2024)
- 10.8.1 Few Major Players in United States Sonar System Market
- 10.9 United States Sonar System Market Segmentation By Solution, End-User
- 10.10 Canada Sonar System Market: Size and Forecast (2019-2024)
- 10.11 Canada Sonar System Market Segmentation By Solution, End-User
11. Europe Sonar System Market: Segmentation By Solution, End-User (2019-2024)
- 11.1 Europe Sonar System Market: Size and Forecast (2019-2024)
- 11.2 Europe Sonar System Market - Prominent Companies
- 11.3 Market Segmentation By Solution (Hardware, Software)
- 11.4 Market Segmentation By End-User (Defence, Commercial)
- 11.5 Europe Sonar System Market: Country Analysis
- 11.6 Market Opportunity Chart of Europe Sonar System Market - By Country, By Value (Year-2024)
- 11.7 Competitive Scenario of Europe Sonar System: By Country
- 11.8 Russia Sonar System Market: Size and Forecast (2019-2024)
- 11.9 Russia Sonar System Market Segmentation By Solution, End-User
- 11.10 France Sonar System Market: Size and Forecast (2019-2024)
- 11.10.1 Major Players in France Sonar System Market
- 11.11 France Sonar System Market Segmentation By Solution, End-User
- 11.12 United Kingdom Sonar System Market: Size and Forecast (2019-2024)
- 11.12.1 Major Players in United Kingdom Sonar System Market
- 11.13 United Kingdom Sonar System Market Segmentation By Solution, End-User
- 11.14 Rest Of Europe Sonar System Market: Size and Forecast (2019-2024)
- 11.15 Rest Of Europe Sonar System Market Segmentation By Solution, End-User
12. Asia Pacific Sonar System Market: Segmentation By Solution, End-User (2019-2024)
- 12.1 Asia Pacific Sonar System Market: Size and Forecast (2019-2024)
- 12.2 Market Segmentation By Solution (Hardware, Software)
- 12.3 Market Segmentation By End-User (Defence, Commercial)
- 12.4 Asia Pacific Sonar System Market: Country Analysis
- 12.5 Market Opportunity Chart of Asia Pacific Sonar System Market - By Country, By Value (Year-2024)
- 12.6 Competitive Scenario of Asia Pacific Sonar System: By Country
- 12.7 China Sonar System Market: Size and Forecast (2019-2024)
- 12.8 China Sonar System Market Segmentation By Solution, End-User
- 12.9 Japan Sonar System Market: Size and Forecast (2019-2024)
- 12.10 Japan Sonar System Market Segmentation By Solution, End-User
- 12.11 India Sonar System Market: Size and Forecast (2019-2024)
- 12.12 India Sonar System Market Segmentation By Solution, End-User
- 12.13 Rest Of APAC Sonar System Market: Size and Forecast (2019-2024)
- 12.14 Rest Of APAC Sonar System Market Segmentation By Solution, End-User
13. LAMEA Sonar System Market: Segmentation By Solution, End-User (2019-2024)
- 13.1 LAMEA Sonar System Market: Size and Forecast (2019-2024)
- 13.2 Market Segmentation By Solution (Hardware, Software)
- 13.3 Market Segmentation By End-User (Defence, Commercial)
14. Global Sonar System Market Dynamics
- 14.1 Global Sonar System Market Drivers
- 14.2 Global Sonar System Market Restraints
- 14.3 Global Sonar System Market Trends
15. Market Attractiveness and Strategic Analysis
- 15.1 Market Attractiveness
- 15.1.1 Market Attractiveness Chart of Global Sonar System Market - By Solution (Year 2024)
- 15.1.2 Market Attractiveness Chart of Global Sonar System Market - By End-User (Year 2024)
- 15.1.3 Market Attractiveness Chart of Global Sonar System Market - By Defence Application (Year-2024)
- 15.1.4 Market Attractiveness Chart of Global Sonar System Market - By Commercial Application (Year-2024)
- 15.1.5 Market Attractiveness Chart of Global Sonar System Market - By Region, By Volume, (Year-2024)
- 15.2 Strategic Analysis
- 15.2.2 Key Developments in Sonar System Market
16. Competitive Landscape
- 16.1 Market Share Analysis
- 16.2 Competitive Positioning (Leaders, Challengers, Followers, Niche Players)
17. Company Profiles (Business Description, Financial Analysis, Business Strategy)
- 17.1 Norbit
- 17.2 Kongsberg Gruppen
- 17.3 Raytheon
- 17.4 Lockheed Martin
- 17.5 Ultra Electronics
- 17.6 Atlas Elektronik
- 17.7 Furuno
- 17.8 Thales
- 17.9 Northrop Grumman
- 17.10 Teledyne Technologies