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SONAR Systems - Global Market Trajectory & Analytics

  • ID: 4806106
  • Report
  • April 2021
  • Region: Global
  • 269 Pages
  • Global Industry Analysts, Inc
Global SONAR Systems Market to Reach $4.4 Billion by 2027

Amid the COVID-19 crisis, the global market for SONAR Systems estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$4.4 Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027. Defense, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 2.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $985.4 Million, While China is Forecast to Grow at 5.3% CAGR

The SONAR Systems market in the U.S. is estimated at US$985.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$902.8 Million by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.

Select Competitors (Total 38 Featured):
  • Aselsan A.S.
  • Atlas Elektronik GmbH
  • ERAPSCO
  • Klein Marine Systems, Inc.
  • Kongsberg Maritime AS
  • L3 Ocean Systems
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Company
  • Thales Group
Frequently Asked Questions about the Global Market for SONAR Systems

What is the estimated value of the Global Market for SONAR Systems?

The Global Market for SONAR Systems was estimated to be valued at $3.6 Billion in 2020.

What is the growth rate of the Global Market for SONAR Systems?

The growth rate of the Global Market for SONAR Systems is 2.9%, with an estimated value of $4.4 Billion by 2027.

What is the forecasted size of the Global Market for SONAR Systems?

The Global Market for SONAR Systems is estimated to be worth $4.4 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown