SONAR Systems - Global Strategic Business Report

Global SONAR Systems Market to Reach $7 Billion by 2030

The global market for SONAR Systems estimated at US$5.8 Billion in the year 2022, is projected to reach a revised size of US$7 Billion by 2030, growing at a CAGR of 2.3% over the analysis period 2022-2030. Active, one of the segments analyzed in the report, is projected to record 2.3% CAGR and reach US$5.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Passive segment is readjusted to a revised 2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 3.5% CAGR

The SONAR Systems market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 3.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Select Competitors (Total 12 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

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year