Sonar System Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028.
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Sonar System Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028.
The Sonar System Market is segmented by Application Type ( anti-submarine warfare, port security, mine detection & countermeasure systems, search & rescue, navigation, diver detection, seabed terrain investigation, scientific, and others), by Platform Type (Commercial vessels, Defence vessels, Unmanned Underwater Vehicles, Aircrafts, and Ports), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
The Sonar System Market is segmented by Application Type ( anti-submarine warfare, port security, mine detection & countermeasure systems, search & rescue, navigation, diver detection, seabed terrain investigation, scientific, and others), by Platform Type ...
The Global Sonar System Market was estimated to grow from US$ 5.5 billion in 2021 to reach US$ ~7.9 billion by 2028 at a CAGR of 2.7% during the forecast period.
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, are fueling the expansion of the sonar systems industry. In the high-end shipping sector, funding is a crucial aspect that must be considered, as does 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.
Market Dynamics
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.
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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.
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.
Sonar System Market Report Overview
Market Size in 2028
US$ ~7.9 billion
Market Size in 2021
US$ 5.5 billion
Market Growth (2022-2028)
2.7% CAGR
Base Year of Study
2021
Trend Period
2016-2020
Forecast Period
2022-2028
Several investments/guidelines in the market have been directed in recent years, which would boost the overall market. Some of them are:
Unmanned Underwater Vehicles (UUVs) or underwater drone are remotely operated machines utilized in marine environments for various functions, including fish behavior monitoring, mine detection, and seabed landscape exploration. As more armies and other groups express interest in them, these UUVs are evolving quickly. Because UUVs are small, the sonar systems employed in them must likewise be small in size and highly modern to function well under remote control. As a result, the market for sonar systems has the chance to both change and expand.
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 Analysis
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.
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Key Players
The following are the major players in the sonar system market:
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 XYZseries 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 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 1,000 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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Sonar System Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
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.
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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, are fueling the expansion of the sonar systems market.
The major players in the market are ATLAS ELEKTRONIK GmbH (Germany), Aselsan (Turkey), Raytheon Company (US), DSIT (Israel), Furuno (Japan), Kongsberg Gruppen ASA (Norway), Teledyne Technologies Inc. (US), Sonardyne (UK), Japan Radio Company (Japan), Navico (Norway), FLIR Systems (US), Thales (France), Ultra Electronics (UK), EdgeTech (US), Lockheed Martin (US), L-3 Technologies Inc. (US).
