Global Sonar Systems Market Projected To Reach USD5.2 Billion by 2020

Date: 2016-10-10

Due to the rise in research, procurement, and use of Unmanned Underwater Vehicles (UUVs) over the past decade has seen significant advances made in the range of UUV payloads including SONARs and subsystems, and UUVs are rapidly emerging as the platforms of choice for many military and commercial applications; including mine countermeasures and reconnaissance. Such type of application has a great potential for the growth of Sonar Systems market.

According to research, The Global Sonar Systems are witnessing to grow at a CAGR of 6.7% from 2016, to reach USD5.2 Billion by 2020.

Graphically, North America contributes the largest portion of the market share of the total market. Advancement in digital signal processing (DSP), and organization involved in development of mine countermeasure SONARs are important factors that are responsible for driving this market in this region.

Sonar (originally an acronym for SOund Navigation And Ranging) is a technique that uses sound propagation (usually underwater, as in submarine navigation) to navigate, communicate with or detect objects on or under the surface of the water, such as other vessels. Two types of technology share the name “sonar”: passive sonar is essentially listening for the sound made by vessels; active sonar is emitting pulses of sounds and listening for echoes.

The global top players in Sonar Systems Market include Ultra Electronics, Thales Underwater Systems Ltd., Kongsberg Maritime, Lockheed Martin, and Raytheon.

Sonar Systems market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520

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