A new Report by Delvens, titled "Sonar Systems Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global sonar systems market size is projected to reach USD 6.7 billion by 2026 at a CAGR of 1.8% from USD 6 billion in 2021 during the forecast to 2028.
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Key Players of Sonar Systems Market:
· Lockheed Martin
· L3Harris
· Thales Group
· Kongsberg Maritime
· Northrop Grumman Corporation
· Sonardyne
· Teledyne Technologies Inc.
· Ultra-Electronics and More
Sonar Systems Market, by Application, Platform (Commercial vessels, Defence vessels, Unmanned Underwater Vehicles, Aircrafts, and Ports), Type, Material and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and Forecast
With the surge in the defence expenditure of the developing nations across the world along with the high deliveries of the military vessel are some of the factors that have supported long-term expansion for Sonar Systems Market.
Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period.
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Recent Developments
In May 2021, the latest technology in the market is Echoscope PIPE Real-Time XYZ series sonar which has been specially designed for OEM and system integrators.
In October 2020, the dual-head configuration named WINGHEAD offers various advantages for bathymetric surveys.
Sonar Systems Market is segmented into Application, Platform, Product, Installation and geography.
On the basis of Application
· Anti-submarine Warfare
· Port Security
· Mine Detection & Countermeasure Systems
· Search & Rescue
· Navigation
· Diver Detection
· Seabed Terrain Investigation
· Scientific
· Others
On the basis of Platform
· Commercial Vessels
· Defence Vessels
· Unmanned Underwater Vehicles (UUVs)
· Aircrafts
· Ports
On the basis of Product
· Hull-mounted Sonar
· Stern-mounted Sonar
· Dipping Sonar
· Sonobuoy
On the basis of Installation
· Fixed
· Deployable
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Sonar Systems market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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