Dublin, Feb. 21, 2019 (GLOBE NEWSWIRE) -- The "Sonar System Market by Product Type (Hull Mounted, Stern Mounted, Sonobuoy, DDS), Application (Commercial, Defense), Platform (Ship Type, Airborne), End User (Line Fit, Retrofit), Solution (Hardware, Software), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The sonar system market is estimated to be USD 2,648.2 million in 2018 and is projected to reach USD 3,711.0 million by 2023, at a CAGR of 6.98% from 2018 to 2023.
The growth of this market can be attributed to the rise in maritime trade, developments in the offshore energy sector, and fisheries. The commercial sonar market in fisheries is experiencing high growth to locate fish breeding ocean waters as excessive fishing has resulted in lower catches. The hydrographic sonar industry is growing due to the increasing oil & gas exploration and dredging activities. The military sonar market is driven by new ship orders and upgradation.
Ships such as destroyers and frigates are installed with hull-mounted and towed array sonars. Submarine platforms installed are intercept array, cylindrical array, flank array, and towed array sonar. Mine-hunting ships are installed with high-end systems, such as Synthetic Aperture Sonar (SAS) and others. Increasing threats to ports from unidentified divers have led to an increase in the utilization of diver detection sonars for surveillance and threat detection in waters surrounding ports. This report segments the sonar system market on the basis of product type, solution, platform, installation, mode of operation, application, end user, and region. It also contains revenue forecasts and technological trends predominant in this market.
By product type, sonar systems are segmented into hull-mounted sonars, stern mounted sonars, dipping sonars, sonobuoy, unmanned underwater vehicle sonars, and diver detection systems. Hull-mounted sonars are used for navigation and detection of threats from enemy ships. Stern-mounted sonars are military sonar comprising variable depth sonars and towed array sonars. These help in the detection of enemy ships approaching from the stern side. Dipping sonars are used on helicopter platforms. Mode of operation takes into account active, passive, and dual sonars. Due to technological advancements, military sonars are now commercially available in the dual mode (active as well as passive). Passive sonars are preferred for usage in submarines as they provide stealth capabilities required for the purpose of gathering intelligence. By region, the report covers 4 regions, North America, Europe, Asia Pacific, and Rest of the World. Asia
Pacific is projected to be the leading market for sonar systems during the forecast period and is estimated to account for the highest share for 2018 and Europe is projected to be the second largest market. The rise in military orders and the growth of the fishing industry are the key drivers for the growth of the Asia Pacific market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Sonar System Market
4.2 Sonar System Market, By Product Type
4.3 Sonar System Market Share and CAGR of Top 10 Countries
4.4 Hull-Mounted Sonar Segment, By Subtype
4.5 Sonar System Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Number of Sonar Programs for Anti-Submarine Warfare (ASW) Techniques
5.2.1.2 Rising Demand for Sonobouy for Tactical Defense Operations
5.2.1.3 Growing Demand for Fisheries
5.2.1.4 Increasing Demand for High-Resolution Imaging for Seabed Mapping
5.2.1.5 Advancements in Active Sonar Technologies
5.2.2 Restraints
5.2.2.1 Side-Effects of Sonar on Marine Life
5.2.3 Opportunities
5.2.3.1 Growing Need for Cost-Effective Sonar Systems for Anti-Submarine Warfare
5.2.3.2 Increase in Defense Spending
5.2.3.3 Increase in Demand for Unmanned Underwater Vehicles
5.2.4 Challenges
5.2.4.1 Complex Training Involved in Building Anti-Submarine Warfare Capability
6 Industry Trends
6.1 Introduction
6.2 Industry Trends
6.2.1 Shift From 2D Sonar Processing to 3D Sonar Processing for Seabed Imaging and Charting
6.2.2 Sonar for Naval Applications
6.2.3 Introduction of AUVS, ROVS & UUVS
6.3 Technology Trends
6.3.1 Diver Detection Sonar Systems
6.3.2 Synthetic Aperture Sonar
6.3.3 Surveillance Network Sonar
6.3.4 Twin Inverted Pulse Sonar (TWIPS)
6.3.5 Torpedo Countermeasure System
6.3.6 Chirp Technology
6.3.7 Dual-Axis Sonar (DAS)
6.4 Innovations and Patent Registrations
7 Sonar System Market, By Application
7.1 Introduction
7.2 Defense
7.2.1 Anti-Submarine Warfare
7.2.1.1 Increasing Focus on ASW Upgradation is Driving the Demand for Sonar System Market
7.2.2 Port Security
7.2.2.1 Increasing Underwater Threats are Driving the Demand for Sonar Systems Required in Port Security
7.2.3 Diver Detection
7.2.3.1 Demand for DDS Systems are Increasing in the Regions of APAC and Europe
7.2.4 Mine Detection and Countermeasure Systems
7.2.4.1 Rapid Increase in Mine Capable Countries is Boosting the Demand for Mine Detection and Countermeasure Systems
7.2.5 Search & Rescue
7.2.5.1 Increasing World Maritime Traffic is Affecting the Demand for Search and Rescue Operations Which is Directly Increasing the Demand for Search and Rescue Vessels
7.2.6 Other
7.3 Commercial
7.3.1 Fisheries
7.3.1.1 Advancements in Fishing Sonar Technologies is Increasing the Demand for Fish Chirp Soanrs
7.3.2 Hydrography
7.3.2.1 Increasing Oil & Gas Survey Applications in Near Future Will Boost the Demand for Hydrographic Surveys
7.3.3 Navigation
7.3.3.1 Increasing Overall Ship Delivery and Retrofitting Operations Will Affect the Demand for Sonar Systems
8 Sonar System Market, By Installation
8.1 Introduction
8.2 Vessel-Mounted
8.2.1 Growing Naval and Commercial Ship Delivery Will Grow the Demand for Vessel Mounted Sonars
8.3 Towed
8.3.1 Increased Naval Spending and Military Ship Upgradation Programs
8.4 Airborne
8.4.1 Increased Spending on ASW Capabilities is Growing the Market for Sonar Systems
8.5 Unmanned Underwater Vehicles
8.5.1 Increasing Autonomy and Less Human Interventions are Drivers for Unmanned Vehicles
8.6 Port
8.6.1 Increasing Funding on Port Security By Various Countries
9 Sonar System Market, By Mode of Operation
9.1 Introduction
9.2 Active
9.2.1 Growing Commercial Ship Deliveries Globally is Driving the Demand for Active Sonar Systems
9.3 Passive
9.3.1 Growing Naval Vessel Procurement and Upgradation Activities is Increasing the Demand for Sonar Systems
9.4 Dual
9.4.1 Growth in Usage of Dual Sonars in Increasing the Market for Sonar Systems
10 Sonar System Market, By Product Type
10.1 Introduction
10.2 Hull-Mounted Sonar
10.2.1 Forward-Looking Sonar
10.2.1.1 Demand for Safety and Efficiency of Vessels Will Drive the Growth for Vessel Traffic Management Systems
10.2.2 Omni-Directional Sonar
10.2.2.1 Installation of Sensors in Vessel Systems Will Boost Demand for Voyage Data Recorders
10.2.3 Echosounders
10.2.3.1 Increasing Commercial Ship Demand Due to Increasing Maritime Trade is Expected to Increase the Demand for Echosounders
10.3 Stern-Mounted Sonar
10.3.1 Variable Depth Sonar
10.3.1.1 Increasing Focus of Countries on Their ASW Capabilities is Boosting the Demand for Variable Depth Sonars
10.3.2 Towed Array Sonar
10.3.2.1 Increasing Focus on Surveillance and Reconnaissance Activities is Increasing the Demand for Towed Array Sonar Systems
10.4 Dipping Sonar
10.4.1 Increasing Focus of Countries on Their ASW Capabilities is Boosting the Demand for Dipping Sonars
10.5 Sonobuoy
10.5.1 Increasing Seriousness of Country's Navies Against Submarine Attack Threats is Boosting the Demand for Dipping Sonars
10.5.2 Diver Detection Sonar
11 Sonar System Market, By Solution
11.1 Introduction
11.2 Hardware
11.2.1 Increasing Demand for Ships From the Asia Pacific Region is Projected to Drive Market for Hardware
11.3 Software
11.3.1 Increase in Demand for Advanced Multifunctional Sonar Software is Projected to Drive the Market for Sonar Systems
12 Sonar System Market, By End User
12.1 Introduction
12.2 Line Fit
12.2.1 Increase in the Deliveries of New Ship is Expected to Drive the Demand in Linefit Segment
12.3 Retrofit
12.3.1 Rise in the Upgradation of Connected Systems for Older Vessels is Expected to Drive the Demand in Retrofit Segment
13 Sonar System Market, By Platform
13.1 Introduction
13.2 Ship Type
13.2.1 Commercial
13.2.2 Defense
13.3 Airborne
13.3.1 Sonobuoys
13.3.2 Dipping Sonars
14 Sonar System Market, By Region
15 Competitive Landscape
15.1 Introduction
15.2 Competitive Scenario
15.2.1 Introduction
15.2.2 Visionary Leaders
15.2.3 Innovators
15.2.4 Dynamic Differentiators
15.2.5 Emerging Companies
15.3 Ranking Analysis
15.4 Competitive Situation and Trends
15.4.1 Recent Developments, January 2015-November 2018
15.5 Competitive Benchmarking
15.5.1 Strength of Product Portfolio
15.5.2 Business Strategy Excellence
16 Company Profiles
16.1 Raytheon
16.2 Lockheed Martin
16.3 Thales
16.4 Kongsberg Gruppen
16.5 Ultra Electronics
16.6 L3
16.7 Teledyne
16.8 Sonardyne
16.9 Atlas Elektronik
16.10 Furuno
16.11 Navico
16.12 Japan Radio (JRC) Co., Ltd.
16.13 Aselsan
16.14 Dsit
16.15 Edgetech
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