Sonar System Market Worth 3.72 Billion USD by 2022
Friday, October 06, 2017
PUNE, India, October 6, 2017 /PRNewswire/ --
According to the new market research report "Sonar System Market by Product Type,
Installation (Vessel Mount, Towed, Hand-Held & Pole Mounted, Airborne, UUV), Mode of
Operation, Operating Frequency (High, Medium, Low), Application (Defense, Commercial), and
Region - Global Forecast to 2022", published by MarketsandMarkets(TM), the market is
projected to grow from USD 3.49 Billion in 2016 to USD 3.72 Billion by 2022, at a CAGR of
4.33% from 2017 to 2022. The growth of this market can be attributed to the rise in naval
shipbuilding, which leads to increase in demand for sonar systems. In addition, the rise
in demand for sonar systems for various UUVs is driving the sonar system market.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 104 Market Data Tables and 38 Figures spread through 155 Pages and in-depth TOC
on "Sonar System Market - Global Forecast to 2022"
Early buyers will receive 10% customization on this report
The defense application segment is estimated to account for the largest share of the
sonar system market in 2017, and this segment is projected to grow at a high CAGR during
the forecast period.
Based on application, the defense segment is estimated to account for the largest
share of the sonar system market in 2017. This segment is projected to grow at a high CAGR
during the forecast period. In defense, sonar systems are used mainly in the naval ships.
North America is leading the defense application segment due to the increase in naval
Based on installation, the Underwater Unmanned Vehicles (UUV) segment is projected to
grow at the highest CAGR during the forecast period.
Based on installation, the UUV segment is expected to grow at the highest CAGR during
the forecast period. The rise in the usage of UUVs in applications such as hydrographic
survey, seabed mapping, military surveillance, and mine hunting has led to the increase in
demand for sonar systems in UUVs.
Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=142612945
The fisheries application segment of the commercial sonar system market is projected
to grow at the highest CAGR during the forecast period
Sonar systems, in recent years, have found increased usage in fish finding. These
systems provide details about fish schools in the ocean. The fisheries application segment
of the commercial sonar system market is projected to grow at the highest CAGR during the
The Asia Pacific sonar system market is projected to witness the highest growth during
the forecast period
Increase in defense spending for naval shipbuilding and hydrographic oil & gas
exploration in the Asia Pacific region is projected to fuel the demand for sonar systems.
The Asia Pacific sonar system market is projected to grow at the highest CAGR from 2017 to
2022. Countries in this region include China, South Korea, Japan, Australia, and India.
Substantial investments by China in naval and commercial shipbuilding is one of the
factors driving the sonar system market in the Asia Pacific region.
Inquiry Before Buy @
Major players in the sonar system market are Raytheon Company (US), Thales, ATLAS
ELECTRONIK GmbH (Germany), Kongsberg Gruppen ASA (Norway), and Ultra Electronics Holdings
PLC (UK), among others.
Browse Related Reports
Hydrographic Survey Equipment Market by Type (Sensing System, Positioning System,
Subsea Sensor, Unmanned Vehicle, Software), Application (Port & Harbor, Oil & Gas, Cable,
Charting), Depth, Platform, End User, and Region - Global Forecast to 2022
Autonomous Underwater Vehicle Market by Type (Shallow, Medium, and Large AUVs),
Technology (Navigation, Imaging), Payload (Cameras, Sensors, Echo Sounders), Application
(Military & Defense, Archeological and Exploration), Region - Global Forecast to 2023
Subscribe Reports from Aerospace & Defence Domain @
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.
Currently servicing 5000 customers worldwide including 80% of global Fortune 1000
companies as clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high
growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify most important
customers, write "Attack, avoid and defend" strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up
with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for
their revenue planning and help them take their innovations/disruptions early to the
market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform,
"RT" connects over 200,000 markets and entire value chains for deeper understanding of the
unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit our Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
||From the U.S. to Asia, Testin continues global expansion | Dec 15, 2017
||Stars Allianz 5A Index - 2017 International Sports Stars Commercial Value Index officially launched | Dec 15, 2017
||Tai Apparel Centralizes Data to Reduce Development Time with Gerber's YuniquePLM® Cloud | Dec 15, 2017
||CraveLabs Announces DropIn Vantage its 4th Generation Location Intelligence Platform Powered by Mobile Data, Artificial Intelligence and Machine Learning | Dec 15, 2017
||Aragon Research Recognizes Voxeet as 2017 Hot Vendor for Unified Communications and Collaboration | Dec 15, 2017
||Power Line Communication Market Worth 9.45 Billion USD by 2023 | Dec 15, 2017
||Public Sector Software Market Growing at 13.28% CAGR to 2021 | ReportsnReports | Dec 15, 2017
||BMC Data and Systems Management Solutions for IMS(TM) Provide Organizations Enhanced Cost Savings, Performance, Availability | Dec 15, 2017
||Unisys Federal President Venkatapathi "PV" Puvvada Elected Chair of Professional Services Council Board of Directors | Dec 15, 2017
||World Wireless Sensor Network Market Dynamics Report 2017: By 2018, Annual WSN unit Shipments will Reach 1 Billion and will Triple in 2022 | Dec 15, 2017