Sep 29, 2017   SOURCE: PR NewsWire

Global SONAR System Market 2017-2021

DUBLIN, September 29, 2017 /PRNewswire/ --

The "Global SONAR System Market 2017-2021" report has been added to Research and Markets' offering.

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The global SONAR system market to grow at a CAGR of 8.12% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global SONAR system market for 2017-2021. To calculate the market size, the report considers the sale of active and passive sonar systems that are being used by naval agencies or other government/private organizations in various applications, including anti-submarine warfare (ASW), hydrography, marine observation, and oil and gas exploration activities. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is growing investments in UUV and other undersea warfare capabilities. The defense strategies of most naval agencies across the globe rely significantly on the capabilities of undersea warfare. Stealth submarines and unmanned platforms have emerged as the most promising means of gathering intelligence data. Undersea warfare has also become an essential element of current and future military operational plans.

According to the report, one of the major drivers for this market is growing preference for deploying integrated SONAR system. Owing to the increased deployment of underwater manned/unmanned platforms, naval agencies focus on deploying integrated sonar systems as an ASW measure. On that front, ASW is a branch of naval command that envisages the use of surface warships, aircraft, or both manned or unmanned submerged platforms to detect, track, deter, or destroy hostile enemy submarines.

Further, the report states that one of the major factors hindering the growth of this market is challenges associated with the growing complexities in data management. Owing to the growing tensions among nations about conflicts on sea borders, activities related to artificial island building, territorial disputes, and illegal entry into countries via the sea route drive the need for highly advanced surveillance airborne platforms such as maritime patrol aircraft and maritime patrol rotorcraft. The change in defense strategies to defend a nation's peace and prosperity elevates the need for multi-mission patrol aircraft (MMA), which are equipped with data links, sonobuoys, sonar transmitter/receivers, and radars.

Key vendors

    --  ATLAS ELEKTRONIK
    --  Kongsberg Maritime
    --  Lockheed Martin
    --  Raytheon
    --  Thales
    --  Ultra-Electronics

Other prominent vendors

    --  ASELSAN
    --  ERAPSCO
    --  Klein Marine Systems
    --  L3 Ocean Systems
    --  Northrop Grumman

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

    --  Market outline

PART 05: Market landscape

    --  Market overview
    --  Market size and forecast
    --  Five forces analysis

PART 06: Market segmentation by sonar types

    --  Market overview

PART 07: Market segmentation by application

    --  Global sonar system market segmentation by application
    --  Global sonar system market for defense application
    --  Global sonar system market in civil and commercial application

PART 08: Geographical segmentation

    --  Geographical segmentation of global sonar system market
    --  Sonar system market in the Americas
    --  Sonar system market in APAC
    --  Sonar market in EMEA

PART 09: Decision framework

PART 10: Drivers and challenges

    --  Market drivers
    --  Market challenges

PART 11: Market trends

    --  Emergence of 3D printing technology
    --  Growing investments in UUV and other undersea warfare capabilities
    --  Advances in acoustic sensors and electromagnetic technologies

PART 12: Vendor landscape

    --  Competitive landscape
    --  ATLAS ELEKTRONIK
    --  Kongsberg Maritime
    --  Lockheed Martin
    --  Raytheon
    --  Thales
    --  Ultra Electronics
    --  Other prominent vendors

PART 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/6z2mx9/global_sonar

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