02 March 2020
Visiongain has launched a new report Sonar Systems Market Report 2020-2030: Forecasts by Application (Anti-submarine Warfare, Port Security, Diver Detection, Mine Detection & Countermeasure Systems, Search & Rescue, and Commercial), by Installation (Vessel Mounted, Towed, Airborne, Unmanned Underwater Vehicle and Port) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Sonar Systems market is expected to grow at a lucrative rate during the forecast period. Some of the factors such as increase in the number of global seaborne activities, growing maritime tourism sector and stringent maritime safety norms for ship-owners are expected to fuel the Sonar Systems market growth through the forecast period. The Sonar Systems market can be segmented based on Application, Installation and Mode of operation, and region.
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Sonar systems are generally deployed from a boat and consist of a towfish, tow cable, sonar software, interface processing unit and a computer. These systems are primarily used by law enforcements agencies to conduct search and rescue operations underwater for weapons and submerged vehicles. One of the key selection criteria by personnel for these systems is clear images at high travelling speed usually more than 5 knots. Rising developments in sonar systems are increasing the cost of these systems and users are willing to obtain these systems as long as the cost is justified by performance, construction and software. Assessment criteria of these systems primarily includes affordability, capability, deploy ability, maintainability and usability of systems.
Some of the players operating in the Sonar Systems market include Raytheon, Lockheed Martin, Thales, Kongsberg Gruppen, Ultra Electronics, L3, Teledyne, Sonardyne, Atlas, Elektronik, Furuno, Navico , Japan Radio, Aselsan , Dsit , and Edgetech. These companies are increasingly focusing on research and development activities so as to gain competitive advantage. The players are also taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
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