Sonar System Market by Type (Active and Passive), Application (Mapping, Surveillance & Military, Fishing Operations, Weather Forecasting, Geophysical Research, and Others), Component (Transmitter, Receiver, Control Unit, Display Unit, and Others), End Use (Commercial and Military): Global Market Size Estimates and Forecast (2019–2030)

Code: BMIRE00025804 | Pages: 100 | Industry: Aerospace and Defense | Date: Sep 2022 | Type: Global

The market crossed US$ 4.28 billion in 2022 and is expected to hit US$ 6.61 billion by 2030, recording a CAGR of 5.6% during the forecast period.

Increase in Number of Next Generation Military Vessels has been Significantly Boosting the Sonar System Market Growth.

With the rising military expenditure, several defense forces are heavily investing in the procurement of vessels that is likely to generate huge opportunities for sonar manufacturers during the forecast period. This is owing to the rising fleet of naval vessels in water surface, that generates more demand for the deployment of sonar systems. Further, the growing penetration of unmanned surface vehicles, patrolling boats, and other military underwater equipment globally is another major factor likely to generate huge market growth during the forecast period.

Within the report, the market is segmented into type, application, component, end use, and geography. By type, the market is segmented into active sonar and passive sonar. Based on application, the market is segmented into mapping, surveillance & military, fishing operations, weather forecasting, geophysical research, and others. By component, the market is segmented into transmitter, receiver, control unit, display unit, and others. Based on end use, the market is bifurcated into commercial and military. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Unmanned Surface Systems to Provide Future Opportunities for Market Vendors during the Forecast Period.

The growing development across unmanned surface vehicles across different applications is another major factor likely to generate huge opportunities for market vendors during the forecast period. This is due to the rising awareness for the adoption of underwater mine countermeasure systems is another major factor propelling the adoption of military USVs. There are several developments going on into the mine detection countermeasure systems for naval forces across the world. For instance, in August 2021, the US Navy announced that it has completed the first testing of its littoral combat ship-based unmanned mine detection system. Similarly, in July 2021, the Republic of Singapore Navy announced that its’ USV has passed the testing and qualification processed for the identification and neutralizing of underwater mines for its naval operations. Moreover, in September 2021, the Elbits Systems won a contract worth US$ 56 million from Asian-Pacific Naval customer to provide provide the Seagull USVs (Unmanned Surface Vessels) configured to perform Anti-Submarine Warfare (ASW) missions and the Towed Reelable Active Passive Sonar (TRAPS) systems. Such instances are propelling the deployment of unmanned surface & unmanned underwater vehicles across the military marine sector. This is further generating new demand for the deployment of sonar systems and upgrading the existing sonar systems as per the current advanced technologies is likely to catalyse the market growth for sonar systems during the forecast period. 

Rising Investments Across the Sonar Industry is Another Major Factor Accelerating the Market Growth.

The growing investments by several customers for upgrading their existing sonar infrastructure across different countries is another major factor generating the sonar systems market demand. For instance, in August 2019, DSIT Solutions an Israeli firm won a contract from an undisclosed Naval customer in Asia to supply anti-submarine Bow Mounted Sonar (BMS) protection system. Furthermore, in September 2020, L3Harris Technologies had received a multi-million-dollar contract from a NATO member country to deliver two Low-Frequency Active Towed Sonar (LFATS) systems. The growing electronic warfare naval technologies have already increased the complexity of naval systems in terms of tracking and other mission critical elements. Such systems need higher capacity sonar systems for tracking and detecting such objects which is one of the major reasons behind the higher investments by different customers across the world boosting the sonar system market.

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Recent Strategic Developments in Sonar System Market

The sonar system market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2022, the US Navy awarded a US$ 10 million contract to SyQwest Inc. to build TR-343 sonar transducer ceramic stack assemblies for the Navy Submarine Acoustic Systems Program Office.
  • In April 2022, Thales signed a contract with Lockheed Martin to become a Tier 1 supplier for the delivery of airborne anti-submarine warfare sonars.
  • In December 2022, Kongsberg Maritime’s active sonar suite and bottom navigation technology were selected to be installed on the platforms of Norwegian and German naval forces.

The sonar system market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. C-MAX Sonar, Elbit Systems Ltd., Klein Marine Systems Inc., L3Harris Technologies Inc., Lockheed Martin Corporation, Mistral Solutions Inc., Moog Inc., Raytheon Technologies Corporation, SyQwest Incorporated, and Thales Group are among the prominent players operating in the market.

Target Audience for the report:

  • Component providers
  • Sonar system manufacturers
  • Sonar system component manufacturers
  • Military operators manufacturers
  • Commercial sonar manufacturers
  • Sonar related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Active Sonar
    • Passive Sonar
  • Application
    • Mapping
    • Surveillance & Military
    • Fishing Operations
    • Weather Forecasting
    • Geophysical Research
    • Others
  • Component
    • Transmitter
    • Receiver
    • Control Unit
    • Display Unit
    • Others
  • End Use
    • Commercial
    • Military
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa
    • South America
  • Companies profiled
    • Elbit Systems Ltd.
    • Klein Marine Systems, Inc.
    • L3Harris Technologies Inc.
    • Lockheed Martin Corporation
    • Thales Group
  • Elbit Systems Ltd.
  • Klein Marine Systems, Inc.
  • L3Harris Technologies Inc.
  • Lockheed Martin Corporation
  • Thales Group
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