About SONAR system
A SONAR system works on using the same technology that is used by animals such as dolphins and bats for detecting objects. The technology was first recorded by Leonardo da Vinci in 1490, but intense research on it started after the Titanic mishap. During the World War I, the need to detect submarines fueled more research for SONAR system development. A SONAR system is divided into two types: active and passive. Active SONAR system is mostly used for civilian purposes like oil exploration activities, fishing, and hydrographic and nautical charting activities. Passive SONAR system is used for military activities.
Technavio's analysts forecast the global SONAR systems market to grow at a CAGR of 7.01% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global SONAR systems market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of SONAR systems.
Technavio's report, Global SONAR Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Sonar Systems Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Sonar Systems Market: Kongsberg Maritime, Lockheed Martin, Raytheon, Thales and Ultra Electronics
Other Prominent Vendors in the market are: Altas Elektronik, Edge Tech, Exelis, Neptune Sonar, Northrop Grumman, R-2 Sonic, Sound Metrics and Teledyne Reson
Commenting on the report, an analyst from Technavio’s team said: “Sonar manufacturers are expected to focus more on the evolution of technology than on the development of new products. Sonar technology has already attained a level of maturity in terms of technological development. Future innovation and development will essentially be brown field site and it will have only incremental changes from its baseline. However, such incremental changes will be for new products and not for already installed sonars.”
According to the report, with the rise in globalization and offshoring activities, and with the sea as the primary route for trade, countries are trying to improve the safety standards for navigation. To achieve this, numerous nautical charting activities and surveys are being conducted. Ships are provided with sonar navigational charts to record their real-time status. For instance, the government of Canada plans to invest $22.7 million until 2020 to improve the safety of marine transportation in the Arctic using nautical charting. More than 95% of the total goods are transferred by sea routes in this region. These activities will nurture the growth of the sonar systems market globally.
Further, the report states that the use of sonar faces severe criticism from environmental activists due to the high-intensity waves from sonar systems which can damage the hearing ability and change the behavior of these species.
Kongsberg Maritime, Lockheed Martin, Raytheon, Thales, Ultra Electronics, Altas Elektronik, Edge Tech, Exelis, Neptune Sonar, Northrop Grumman, R-2 Sonic, Sound Metrics, Teledyne Reson
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook