After steady declines over the past five years, the Sonar Device Manufacturing industry looks to rebound with the help of federal funding and an improving downstream industries. More companies are expected to throw their hats into the mix, but larger, more successful firms will acquire niche manufacturers in order to expand their product lines and increase revenue, which will limit enterprise growth.
This industry manufactures sonar devices, which use sound propagation to navigate, communicate with and detect other vessels. Passive sonar listens for the sound made by vessels while active sonar emits pulses of sounds and listens for echoes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.