Sonar System Market Growth Analysis | 2022-2028

Market Insights

The sonar system market was estimated at USD 5.5 billion in 2021 and is likely to grow at a CAGR of 2.7% during 2022-2028 to reach USD 7.9 billion in 2028.

Wish to get a free sample? Register Here

Market Dynamics

Introduction

Sonar devices are used to navigate or detect underwater impediments to prevent shipwrecking, as ships and other naval vessels must travel a great distance. The armed forces' expanding naval fleet, together with the purchases of new ships and submarines and the upgrade plans for current navy vessels, is fueling the expansion of the sonar systems industry. In the high-end shipping sector, funding is a crucial aspect that must be considered, as is the lack of it in many emerging and undeveloped countries.

Another issue impeding the growth of the worldwide sonar systems engineering market is a lack of knowledge. In anti-submarine warfare, a variety of sensors and weapon systems are used. Personnel employing these technologies must receive in-depth training in order to develop the necessary technical skills. In a typical ASW approach, the target submarine is first detected, then classified, located, and tracked. End users must undergo a difficult training process to properly understand how these systems work.

Covid-19 Impact

For numerous businesses, COVID-19 has created several difficulties. The maritime sector is not an exception. Numerous nations have decreased their defense budgets due to the COVID-19 outbreak. Most of the research initiatives are placed on hold as a result. Additionally, there has been a decrease in the export of military and commercial boats to several Middle Eastern, African, and Latin American nations. All of these possibilities impact the sonar system's evolution.

Market Drivers

The market for sonar systems will be driven by the consistent expansion in the deliveries of military vessels. Few of the most cutting-edge sonar systems are used by military warships to achieve the maximum level of accuracy. Sonar systems are employed on military ships for various purposes, including diver detection, mine detection, seabed topography exploration, anti-submarine warfare, and port security.

For example, submarines utilize passive sonar to enter enemy seas unnoticed, but ships like frigates and corvettes employ multi-static sonar to find the enemy. Different types of ships use different sonar for different applications. The rising number of military ship deliveries will create ideal circumstances for the sonar systems market to expand in the upcoming years.

The availability of diverse ship types has significantly and consistently increased to suit the demands of the worldwide target audience, which is one of the key elements that will fuel demand for sonar system software.

Some encouraging factors for the market include the government's increasing assistance in the form of supporting research about the shipping sector. Additionally, the growing working population, their earnings, and their increased capacity to spend their discretionary money will all benefit the growth of the worldwide market throughout the forecast period, which will finish in 2028.

Want to know more about the market scope? Register Here

Segments Analysis

By Application Type

The market is segmented into anti-submarine warfare, port security, mine detection & countermeasure systems, search & rescue, navigation, diver detection, seabed terrain investigation, scientific, and others.

By Platform Type

The market is segmented into commercial vessels, defence vessels, unmanned underwater vehicles (UUVS), aircrafts, and ports. One of the most popular types of sonar is hull-mounted sonar. Sonars affixed to the ship's hull are fastened there. Sonar installed on the ship's hull is utilized for various operations, including diver identification, fish detection, anti-submarine warfare, and seabed monitoring. Further divisions of hull-mounted sonar include echosounders, omnidirectional sonar, and forward-looking sonar.

Regional Insights

North America is likely to maintain its supremacy in the global sonar system market throughout the forecast period. The U.S. made significant efforts to create technologically advanced weapon stations, which allowed North America to lead the market in 2021.

• In contrast, Europe's market is expected to grow more quickly in the future because of the ongoing focus on weaponry upgrades.
• In defence and maritime applications, sonar systems are utilized for a variety of operations including surveillance, navigation, tracking, etc.
• Sonar is used in a variety of defence and business applications, such as port security, anti-submarine warfare, fishing, mine detection, and seabed terrain monitoring.

Concurrently, Asia Pacific is expected to witness the fastest growth in the global market during the forecast period. The growth can be attributed to the increasing investments by China, India, and Japan in the defense industry. Globally China’s defense budget stands second after the US.

• Due to a significant naval force increase under the PLAN, China has surpassed Russia as the country with the biggest fleet of frigates and submarines worldwide.
• The development of China's anti-submarine warfare (ASW) capabilities, from coastal defence to blue-water operations, is another priority.
• To improve their situational awareness at sea, other nations are also expanding their spending on ASW gear like sonar systems.

Know the high-growth countries in this report. Register Here

Key Players

The following are the major players in the sonar system market:

• DSIT (Israel)
• Ultra Electronics (UK)
• ATLAS ELEKTRONIK GmbH (Germany)
• Aselsan (Turkey)
• Raytheon Company (US)
• Furuno (Japan)
• Kongsberg Gruppen ASA (Norway)
• Teledyne Technologies Inc. (US)
• Sonardyne (UK)
• Japan Radio Company (Japan)
• Navico (Norway)
• FLIR Systems (US)
• Thales (France)
• EdgeTech (US)
• Lockheed Martin (US)
• L-3 Technologies Inc. (US)

There is stiff competition in the market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their sonar system based on their quality and penetration in the target and emerging markets. Also, there is also an increase in investments from several players in the R&D for the development of technologically advanced equipment, with an aim to cater to the growing demand for innovative products. For instance -

• In 2021, we developed the new Echoscope PIPE Real-Time XYZ series sonar to make it easier for OEMs and system integrators to include our special real-time volumetric imaging sonars. This XYZ data is produced in real-time by the PIPE Real-Time XYZ series sonar as part of the beamforming picture process output.
• In 2020, the WINGHEAD dual-head design has several benefits for bathymetric surveys. A total of 2,048 genuine soundings, 1024 for each of the NORBIT WINGHEAD multibeam echosounders, are available to the user. They may be used in many ways to widen the viewable sector or boost along-track sounding density.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s sonar system market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our sonar system market report from the industry stakeholders, we have tried to further accentuate our research scope to the sonar system market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The sonar system market is segmented into the following categories:

By Application Type

• Anti-Submarine Warfare
• Port Security
• Mine Detection & Countermeasure Systems
• Search & Rescue
• Navigation
• Diver Detection
• Seabed Terrain Investigation
• Scientific
• Others

By Product Type

• Commercial Vessels
• Defence Vessels
• Unmanned Underwater Vehicles
• Aircrafts
• Ports

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Recent Industry Development

October 2022- US Navy asks Lockheed Martin to continue development of passive sonar for surface vessels

Lockheed Martin Rotary and Mission Systems will carry on the development, integration, manufacture, production, and testing of the AN/SQQ-89A(V)15 surface ship-installed undersea warfare combat system for the USN (92%) and Royal Australian Navy (8%). The company received a contract modification worth up to $253.89 million on 30 September. Other aspects of the modification include the procurement of TB-37A multifunction towed array components and the inclusion of more Technical Insertion-22 (TI-22) hardware. Work is scheduled for completion by March 2023 or March 2026 if all options are exercised. Read More.

June 2021- Boeing to provide upgrades to airborne anti-submarine warfare (ASW) sonar system aboard Navy's P-8A Poseidon

Military avionics experts at the Boeing Co. will provide upgrades to a long-range anti-submarine warfare (ASW) system aboard the U.S. Navy P-8A Poseidon maritime patrol aircraft under terms of a $24 million order announced in late May. Officials of the Naval Air Systems Command at Patuxent River Naval Air Station, Md., are asking the Boeing Defense, Space & Security segment in Huntington Beach, Calif., to provide additional software builds for the Multi-static Active Coherent Enhancements (MAC-E) program. The MAC-E project involves upgrades and technology insertion for the Navy's Multistatic Active Coherent Capability (MAC), a sonar subsystem that uses the SSQ-125 sonobuoy to generate loud sounds electronically rather than with small explosive charges. Read More.