According to a new report published by Reports Monitor titled, “SONAR System Market By Installation & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the SONAR system market
is projected to grow rapidly from 2017 to 2025.
In February 2018, French Defense Agency announces that Thales Underwater Systems Ltd. is going to design an advanced SONAR system for nuclear-powered ballistic missile submarine.
Growing demand for SONAR system to improve anti-submarine warfare capabilities of naval forces drives the major market of this system globally. Further, increase in use of SONAR system in civilian and scientific industry applications such as, fisheries, location detection, and wave measurement are anticipated to drive the market growth of SONAR system. Moreover, rising defense investments in such systems for early detecting enemy submarines is expected to generate opportunities for development in SONAR system. Also, evolution in unmanned underwater vehicles (UUV) that required SONAR system to detect obstacles owes to create opportunity for this market.
However, sound pulses (pings) that transmits and receive create adverse effect on marine life into the sea could hamper the SONAR system market.
This report presents a detailed evaluation of SONAR system, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
The major growth factors for SONAR system market in U.S. and Canada is due to high defense investments in naval ships building and aircraft production owing to lead the market by North American region. However, increasing boarder conflicts in some Asia-Pacific countries such as, China, India, Japan, South Korea fuels up the market growth of SONAR system in APAC region. Moreover, increasing medical emergency and surveying boost the market growth for this system in Middle East and African region.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global SONAR system market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Ultra Electronics, Neptune SONAR, Kongsberg Maritime, Exelis, Thales Underwater Systems Ltd., Lockheed Martin, L-3 Klein Associates, General Dynamics Canada, Teledyne Reson, and Raytheon.
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
Some Points from TOC:
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
4. Installation Overview
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. Vessel Mount
4.2.6. Pole Mounted
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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