SONAR System Market – Growing Implementation of SONAR System in Numerous Applications is Expected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 7.60% from 2022 to 2028

SONAR System
  • SONAR System Market

As stated in our extensive report, the Global SONAR System Market accounted forUSD 1.9 Billionin 2021.

Sound waves are employed for obstacle identification and navigation in the navigation and ranging technique known as SONAR. Since sound waves travel further than light and radar, this technology is frequently utilized in the marine environment. It is helpful for mapping, exploring, and communicating about seas. Additionally, it has several uses in both the commercial and military spheres. Depending on the application, either active sonar or passive SONAR Systems are employed. They are frequently employed in many different applications, including fish detection, seafloor imaging, seafloor mapping, locating submarines, underwater navigation, and others.SONAR Systems are frequently utilized in the marine industry for communication, object detection, and maritime applications. A SONAR System employs sound as the medium for propagation inside the water and communication, making it suitable for exploring and mapping the ocean.

The SONAR System Market is expanding as a result of the growing naval footprint of the armed forces brought on by the acquisition of new ships and submarines and upgrading initiatives for current naval vessels. Additionally, increased marine trade, oil and gas development, dredging, and fishing operations are also credited with the market's expansion. Technology developments may prompt nations to buy advancedSONAR Systems for their naval fleets, which is anticipated to fuel the market's expansion in the near future. Unmanned underwater vehicle (UUV) use is also anticipated to increase, driving market expansion. Drones operating underwater are employed for various tasks, including mining, mapping the ocean floor, finding hydrothermal vents, inspecting ship hulls, and inspecting wrecks. UUVs employ synthetic aperture sonar, which integrates acoustic waves to create an image of the target with a high along-track resolution.

Due to their skills for minesweeping, intelligence collection, surveillance, reconnaissance, and submarine combat, UUVs also play a significant part in naval warfare. For instance, the US Navy awarded Boeing a 43,000,000 USD contract in 2019 to create extra-large unmanned underwater vehicles called Orcas (XLUUVs). A long-range autonomous reconfigurable UUV with payload delivery capabilities is called Orca. For the testing, production, and delivery of Orca class UUVs, Boeing has teamed up with Huntington Ingalls Industries, the largest military shipbuilding firm in the US with headquarters in Virginia. The SONAR System Market is anticipated to increase due to such activities and expenditures on developing UUVs. However, the sonar's waves hurt marine life, including whales, dolphins, and turtles. This could therefore have an impact on the market expansion. Additionally, the government's encouragement of producing a powerful SONAR System fosters market expansion.

The Asia Pacific holdsthe largest market share of the SONAR System Market over the forecast period. The Asia-Pacific region has experienced unheard-of clashes and armed standoffs due to its geopolitical situation, particularly between the nations bordering the South China Sea. This has prompted numerous nations to buy new naval equipment and urged the upgrading of existing ships' capabilities. For instance, China has surpassed Russia as the country with the largest Navy in the world in terms of frigates and submarines because of the PLAN's massive naval fleet construction. The development of China's anti-submarine warfare (ASW) capabilities, from coastal defense to blue-water operations, is another priority. Other nations are also expanding their spending on ASW gear like SONAR Systems to improve their situational awareness at sea.

Some of the key players in the Global SONAR System Market include- Lockheed Martin Corporation(US), L3Harris Technologies Inc. (US), Thales Group (France), Kongsberg Maritime AS (Norway), Northrop Grumman Corporation (US), Teledyne Technologies Inc. (US), Sonardyne International Ltd., Furuno Electric Co. Ltd. (Japan), Navico Inc. (Norway), and others.