Market Research Future has published a research report on the Global Sonar Systems Market that contains the information from 2018 to 2023. 

Sonar Systems Market Overview:

The Global Sonar Systems Market is projected to exhibit a CAGR of approximately 5.8% during the period 2018 to 2023.

Sample the market data and market information presented through more than 85 market data tables and 54 figures spread over 140 pages. Avail of an in-depth table of contents and a market synopsis on the Global Sonar Systems Market—Forecast till 2023.

Key Players:

We recognize the key players in the Global Sonar Systems Market as

Atlas Elektronik (Germany)

Kongsberg Gruppen (Norway)

L3 (US)

Lockheed Martin (US)

Northrop Grumman (US)

Raytheon (US)

Sonardyne (UK)

Teledyne (US)

Thales Group (France)

Ultra Electronics (UK).

Sonar system is used for exploring and mapping the ocean with the help of sound waves, which travel farther in the water than radar and light waves.

Market Segmentation:

 Global Sonar Systems Market has been segmented into type, installation, application, and region. Based on region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The market in Asia-Pacific is projected to grow at the fastest rate during the forecast period.

The growth of the market in this region can be attributed to the significant investment for defense shipbuilding purpose in the countries such as, China, India, and South Korea.

By type, the Global Sonar Systems Market has been segmented into active sonar and passive sonar.

The active sonar segment held the largest share of the Global Sonar Systems Market in 2017. Active sonar transducers emit an acoustic signal or pulse of sound into the water and receives the reflected signal from an object is in the path of the sound pulse thereby determining the time between emission and reception, it determine the range and orientation of the object. Thus, this type of sonar is largely being used for the commercial ships.

The passive sonar segment of the Global Sonar Systems Market is projected to grow at the fastest pace during the forecast period. The growth of this segment can be attributed to increasing use of this sonar in the military applications due to its ability to detect submarines even at low-frequency range.

Based on installation, the Global Sonar Systems Market has been divided into vessel mounted, hand-held and pole mounted, towed, UUV, and others.

The vessel mounted segment accounted for the largest share of the Global Sonar Systems Market in 2017. This is due to the large demand for sonar systems for military vessels. However, the Underwater Unmanned Vehicles (UUV) segment of the Global Sonar Systems Market is projected to grow at the highest rate during the forecast period. This is due to the increase in the usage of sonar systems in UUVs for applications such as seabed mapping, hydrographic survey, surveillance, and mine hunting.

On the Basis of application, the Global Sonar Systems Market has been divided into military and commercial.

The commercial segment accounted for the largest share of the Global Sonar Systems Market in 2017. This is due to the large use of sonar systems in commercial ships for navigation, diver communication, and fish finding applications. However, the military segment of the Global Sonar Systems Market is projected to grow at the highest rate during the forecast period. This is due to the increase in the demand for sonar systems in tactical defense operations.

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis, for the leading competitors; it also offers a profile on the key market players. The report assists in studying the target segments by providing views on the emerging and high-growth segments.

The market data comprises a basic assessment of the competitive scenarios and strategies in the global aircraft towing equipment market, including high-growth regions and/or countries and the political and economic environment. The project report further provides historical market values and pricing and cost analysis.

Global Sonar systems Market Report: Information by Type (Active Sonar and Passive Sonar), by installation (Vessel Mounted, Hand-Held and Pole Mounted, Towed, UUV, and Others), by Application (Military, and Commercial), & Region—Forecast till 2023 @ https://www.marketresearchfuture.com/reports/sonar-systems-market-6885