Global SONAR System Market 2017-2021
About SONAR System
Sound navigation and ranging, also known as sonar, is a sensing technique of employing sound propagation for navigating, detecting, and communicating with underwater objects. Sonar systems emit sound pulses and measure their return after they are reflected from man-made or biological/physical objects. The effective use of sonar systems ensures effective exploration and mapping of oceans by using sound waves. These waves travel farther in water compared to light waves and radar. Sonar also has effective uses in various non-defense applications such as oil and gas exploration, fishing and fishery management, and hydrographic research.
Technavio’s analysts forecast the global SONAR system market to grow at a CAGR of 8.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global SONAR system market for 2017-2021. To calculate the market size, the report considers the sale of active and passive sonar systems that are being used by naval agencies or other government/private organizations in various applications, including anti-submarine warfare (ASW), hydrography, marine observation, and oil and gas exploration activities.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global SONAR System Market 2017-2021
Technavio recognizes the following companies as the key players in the global SONAR system market: Kongsberg Maritime, Lockheed Martin, Raytheon, Thales, and Ultra Electronics.
Other Prominent Vendors in the market are: ASELSAN, ERAPSCO, Klein Marine Systems, L3 Ocean Systems, and Northrop Grumman.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing investments in UUV and other undersea warfare capabilities. The defense strategies of most naval agencies across the globe rely significantly on the capabilities of undersea warfare. Stealth submarines and unmanned platforms have emerged as the most promising means of gathering intelligence data. Undersea warfare has also become an essential element of current and future military operational plans.”
According to the report, one of the major drivers for this market is growing preference for deploying integrated SONAR system. Owing to the increased deployment of underwater manned/unmanned platforms, naval agencies focus on deploying integrated sonar systems as an ASW measure. On that front, ASW is a branch of naval command that envisages the use of surface warships, aircraft, or both manned or unmanned submerged platforms to detect, track, deter, or destroy hostile enemy submarines.
Further, the report states that one of the major factors hindering the growth of this market is challenges associated with the growing complexities in data management. Owing to the growing tensions among nations about conflicts on sea borders, activities related to artificial island building, territorial disputes, and illegal entry into countries via the sea route drive the need for highly advanced surveillance airborne platforms such as maritime patrol aircraft and maritime patrol rotorcraft. The change in defense strategies to defend a nation's peace and prosperity elevates the need for multi-mission patrol aircraft (MMA), which are equipped with data links, sonobuoys, sonar transmitter/receivers, and radars.
Kongsberg Maritime, Lockheed Martin, Raytheon, Thales, and Ultra Electronics. Other Prominent Vendors in the market are: ASELSAN, ERAPSCO, Klein Marine Systems, L3 Ocean Systems, and Northrop Grumman.