Sonar Systems Market Size, Share, Industry Trends, Sales Analysis, Key Players & Forecast 2024-2032

Written by Business News  »  Updated on: July 10th, 2024

Sonar Systems Market Size, Share, Industry Trends, Sales Analysis, Key Players & Forecast 2024-2032

IMARC Group, a leading market research company, has recently released a report titled "Sonar Systems Market Report by Mode of Operation (Active, Passive, Active cum Passive), Product Type (Hull Mounted Sonar, Towed Array Sonar, Sonobuoys, Dipping Sonar, Driver Detection Sonar), Installation (Vessel Mounted, Airborne, Towed, UUV, Hand-Held and Pole Mounted, and Others), Type (Multi Beam, Side Scan, Single Beam, Synthetic Aperture), Application (Military, Hydrographic Charting, Offshore Oil and Gas, Port and Harbour Management, Coastal Engineering, and Others), Material (Piezoelectric Ceramics, Piezoelectric Single Crystals, Magnetostrictive Materials, and Others), and Region 2024-2032". The study provides a detailed analysis of the industry, including the sonar systems market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global sonar systems market size reached US$ 4.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 1.85% during 2024-2032.

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Factors Affecting the Growth of the Sonar System Industry:

Increasing Demand for Advanced Defense Systems:

The escalating demand for advanced defense systems across the globe is one of the major factors boosting the market growth. Moreover, the rising geopolitical tensions and territorial disputes, prompting countries to invest in their naval capabilities, are bolstering the market growth. Additionally, the development of modern sonar systems that are crucial for underwater surveillance, navigation, and communication, thereby making them indispensable for defense forces, is catalyzing the market growth. They enable the detection and tracking of submarines, mines, and other underwater threats, ensuring maritime security. Besides this, the burgeoning integration of advanced technologies such as synthetic aperture sonar (SAS) and low-frequency sonar to enhance the effectiveness of these systems is strengthening the market growth.

Rapid Technological Advancements and Innovation:

The development of sophisticated sonar technologies, such as multibeam sonar, side-scan sonar, and three-dimensional (3D) sonar imaging, that revolutionize underwater exploration and surveillance is positively impacting the market growth. These advancements have led to improved accuracy, range, and resolution of sonar systems, making them more effective for various applications, including marine biology research, underwater archaeology, and oil and gas exploration. Additionally, the burgeoning integration of artificial intelligence (AI) and machine learning (ML) algorithms in sonar systems to enable autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) to perform complex tasks with minimal human intervention, is providing a considerable boost to the market growth.

Rising Demand for Unmanned Underwater Vehicles (UUVs):

The increasing deployment of unmanned underwater vehicles (UUVs) in various sectors is a major factor driving the market growth. UUVs, including autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs), rely on sonar systems for navigation, obstacle avoidance, and data collection. Besides this, the growing utilization of UUVs for oceanographic research, underwater inspections, and environmental monitoring is boosting the market growth. Apart from this, the rising product application of UUVs equipped with sonar technology in the oil and gas industry for pipeline inspections, seabed mapping, and offshore infrastructure maintenance is anticipated to drive the market growth. Furthermore, the heightened demand for UUVs in the defense sector for mine detection, reconnaissance, and surveillance missions is fueling the market growth.

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Sonar System Market Report Segmentation:

By Mode of Operation: 

  • Active
  • Passive
  • Active cum Passive

Passive represented the largest segment owing to its ability to detect underwater objects and threats without emitting signals, which ensures stealth and reduces the risk of detection. 

By Product Type: 

  • Hull Mounted Sonar
  • Towed Array Sonar
  • Sonobuoys
  • Dipping Sonar
  • Driver Detection Sonar

Hull mounted sonar accounted for the largest market share as it provides continuous and reliable underwater monitoring that is essential for military and commercial maritime operations. 

By Installation: 

  • Vessel Mounted
  • Airborne 
  • Towed
  • UUV
  • Hand-Held and Pole Mounted 
  • Others 

Airborne constituted the largest segment as it offers rapid deployment and extensive coverage for maritime surveillance, anti-submarine warfare, and search and rescue missions.  

By Type:

  • Multi Beam
  • Side Scan
  • Single Beam
  • Synthetic Aperture

Multi beam accounted for the largest market share as it delivers high-resolution, detailed three-dimensional (3D) imaging and wide swath coverage.

By Application: 

  • Military
  • Hydrographic Charting 
  • Offshore Oil and Gas
  • Port and Harbour Management
  • Coastal Engineering
  • Others

Military represented the largest market share due to the increasing role of sonar systems in defense operations for anti-submarine warfare, mine detection, and underwater surveillance.  

By Material: 

  • Piezoelectric Ceramics
  • Piezoelectric Single Crystals 
  • Magnetostrictive Materials
  • Others

Based on the material, the market has been divided into piezoelectric ceramics, piezoelectric single crystals, magnetostrictive materials, and others. 

Regional Insights: 

  • North America 
  • Europe 
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Asia Pacific’s dominance in the sonar system market is attributed to the substantial investments in naval capabilities, maritime security, and the expansion of offshore oil and gas exploration. 

Global Sonar System Market Trends:

The development and integration of environmental monitoring and climate change mitigation applications that use sonar systems, as people become more aware of the critical importance of preserving marine ecosystems and addressing climate change, is fueling the market growth. Additionally, the rise of the blue economy, which focuses on the sustainable use of ocean resources for economic growth, is creating new opportunities for the market growth. Moreover, the increasing need for disaster management and mitigation, such as tsunami detection and early warning systems, driving the demand for precise and reliable sonar systems, is catalyzing the market growth.

Top Companies Operated in Sonar System Industry:

  • Raytheon
  • Lockheed Martin
  • Thales
  • Kongsberg Gruppen
  • Ultra Electronics
  • L3 Technologies
  • Teledyne
  • Sonardyne
  • Atlas Elektronik
  • Furuno
  • Navico
  • JRC

Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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