According to the latest market research report by IMARC Group, titled “Sonar System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global sonar systems market reached a value of US$ 3.74 Billion in 2020. Sonar stands for Sound Navigation and Ranging which is a remote sensing technique that uses sound waves to detect, locate and identify objects in the water. A sonar system consists of front-end signal conditioning units, signal processors, underwater transducers, and displays. There are two major types of these systems, namely, active systems which emit acoustic signal or pulse into the water and passive systems which listen to the sound waves coming towards them from marine objects and animals. These systems are mostly used for underwater navigation and surveillance. They also help in determining water depth and characteristics of the ocean bed, locating various objects in it.
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Sonar systems remain the primary surveillance technique used in naval ships and submarines for facilitating underwater communications as well as detecting and tracking enemy vessels and torpedoes. Moreover, manufacturers are engaged in R&D activities to develop advanced sonar systems. For instance, synthetic aperture sonar (SAS) has been successfully tested outside the sea with signal processing by the Norwegian Defense Research Establishment (FFI). In addition, high-resolution interferometric synthetic aperture sonar (HISAS) has been developed with the capability of producing ultra-high-resolution acoustic images as well as co-registered bathymetry with a frequency range of 70-100kHz. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.2% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The competitive landscape of the market has also been examined with some of the key players being
- Lockheed Martin
- Kongsberg Gruppen
- Ultra Electronics
- L3 Technologies
- Atlas Elektronik
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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