Sonar System Market Scope
Sonar (Sound Navigation and Ranging) system is electronic device used to Navigate and communicate with object using sound transmission under the surface of water. Sonar system is working by using echo. When any animal or machine makes noise, sonar system sends sound waves to object around it. Sonar System primarily used to detect noise of marine animal such as whales. Additionally, the operative usage of sonar systems confirms effective exploration and mapping of oceans by using sound waves. Sonar system has various usage such as defense, fishing, hydrographic research and oil and gas exploration. There are two type of sonar system including active sonar and passive sonar. In active sonar, the system releases a pulse of sound and then the operator listens for reverberations. In passive sonar, the worker listens to noises released by the object one is trying to locate.
According to AMA, the Global Sonar System market is expected to see growth rate of 6.3%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Sonar System market throughout the predicted period.
Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (United States), ATLAS ELEKTRONIK GmbH (Germany), Furuno Electric Co., Ltd. (Japan), Navico (Norway), Thales Group (France), Ultra Electronics (United Kingdom), Northrop Grumman (United States), Raytheon (United States) and Exelis (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sonardyne (United Kingdom), L-3 Klein Associates (United States), Teledyne (United States), DSME (South Korea), Edge Tech (United States), Haiying-Cal (China) and HITARGET (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Sonar System market by Type (General-Purpose Hull Mounted Sonar, Seabed Imaging and Information Sonar, Stern Mounted Sonar, Dipping Sonar and Others), by Application (Commercial, Military, Scientific Exploration and Other) and Region with country level break-up.
On the basis of geography, the market of Sonar System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 6th July 2018, Kongsberg Gruppen ASA (KONGSBERG) has acquired Rolls-Royce Commercial Marine, leading global player of maritime operations.
On 5th December 2018, Lockheed Martin Corporation has offers 360-degree detection capability and situational awareness with high frequency passive sonar. Which is helping submarine commanders to improve their tactical control when working in harbors, shallow-water coastal zones as well as in the open ocean.
- Adoption of Integrated Sonar System
- Growing Dependency on High-Resolution Imaging for Seabed Mapping
- Rising Demand in Fishery Industry
- Increasing Number of Marine Defense Ship
- Up Surging Demand in Defense Sector
- Fueling Demand of Unmanned Underwater Vehicles for Defense Applications
- Contrary Effects of Sonar Systems on Marine Life
Key Target AudienceSonar System Equipment Suppliers, Sonar System Manufacturers, Sonar Training Bodies, Software/Hardware/Service Providers, Technology Developers, Regulatory Bodies, Shipping Industry, Defense and Military Industry, Government and Private Research Institutes and Others