SONAR System Market
SONAR System Market - Global Industry Assessment & Forecast
#
Pages:
141
2022
Nov - 2022
VMR-1801
Segments Covered
By
Application Anti-Submarine Warfare, Port Security, Mine Detection & Countermeasure Systems, Search & Rescue, Navigation, Diver Detection, Seabed Terrain Investigation, Scientific, Other Applications
-
By
Platform Commercial Vessels, Defence Vessels, Unmanned Underwater Vehicles (UUVs), Scientific, Other Platforms
-
By
Product Hull-Mounted SONAR System, Stern-Mounted SONAR System, Dipping SONAR System, Sonobuoy
-
By
Installation Fixed, Deployable
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 1.07 Billion |
 Revenue 2030:
|
USD 1.88 Billion |
 Revenue CAGR
(2023 - 2030): |
7.30% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: SONAR System Market by Application by Platform by Product by Installation by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
At the later stage, the primary research is conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- Overall SONAR System market size and regional/segmental trends
- Company market share and competitive scenario
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the SONAR System market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
Vantage Market
Research | 24-Aug-2022
FAQ
Frequently Asked Question
What is the global demand for SONAR System in terms of revenue?
-
The global SONAR System valued at USD 1.07 Billion in 2022 and is expected to reach USD 1.88 Billion in 2030 growing at a CAGR of 7.30%.
Which are the prominent players in the market?
-
The prominent players in the market are Lockheed Martin Corporation(US), L3Harris Technologies Inc. (US), Thales Group (France), Kongsberg Maritime AS (Norway), Northrop Grumman Corporation (US), Teledyne Technologies Inc. (US), Sonardyne International Ltd., Furuno Electric Co. Ltd. (Japan), Navico Inc. (Norway).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.30% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the SONAR System include
- Increasing defense expenditure of emerging economies
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the SONAR System in 2022.
