Mar 19, 2019
Sonar Systems market is projected to register a CAGR of 5.8% by Forecast 2023, Sonar Systems Market Report by Type, installation, Application and by Region - Forecast till 2023 | Sonar Systems Industry
Pune, India - March 18, 2019 /MarketersMedia/ —
Sonar systems Market Scenario:
The global sonar systems market is expected to grow at a significant rate during the forecast period due to the increase in demand for sonar systems by the naval forces in emerging economies. Defense authorities across the world are focused on purchasing advanced sonar systems, especially in countries that are currently involved in conflicts and territorial disputes. Due to the increasing number of conflicts, the naval forces use sonar systems to enhance anti-submarine warfare capabilities, which is driving market growth.
Additionally, due to the increasing number of terrorist attacks, across the globe, governments have increased their defense budgets, which offers market players lucrative opportunities for growth. Moreover, large use of sonar systems in the fishery industry is another factor driving the market growth. However, serious impacts of sonar sound pulse on marine mammals is expected to restrain the growth of the market.
Get Free sample Report @ https://www.marketresearchfuture.com/sample_request/6885
Sonar systems Market Segmentation:
The global sonar systems market has been segmented by type, installation, application, and region. On the basis of type, the global sonar systems market has been divided into active sonar and passive sonar. The active sonar segment is expected to lead the market during the forecast period.
Active sonar systems are largely used for navigation, diver communication and fish finding purpose. The passive sonar segment is expected to grow at the highest rate during the forecast period. The growth of this segment can be attributed to the increasing use of passive sonar to detect and destroy enemy ships, submarines, and underwater mines by militaries globally.
Based on installation, the market has been classified as vessel mounted, hand-held and pole mounted, towed, UUV, and others.
The vessel mounted segment held the largest share of the global sonar systems market in 2017 due to the widespread adoption of sonar systems by naval forces for vessels. However, the UUV segment is expected to register the highest CAGR during the forecast period. This growth can be attributed to the increasing use UUVs sonar system for hydrographic survey, surveillance.
Based on application, the market has been segmented into military and commercial. The commercial segment is expected to lead the market while the military segment is projected to register the highest CAGR during the review period. The growth of these segments can be attributed to the increasing demand for this sonar systems in tactical defense operations
The global sonar systems market has been segmented, by region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America accounted for the largest market share in 2017 due to significant demand for new and advanced sonar systems in the US and Canada. Europe is projected to be the second-largest market due to large demand for sonar systems in the region. The high demand for sonar systems in the UK, France, Russia, and Germany is expected to contribute greatly to market growth.
Asia-Pacific is expected to emerge as the fastest-growing regional market during the forecast period. This is due to the increase in maritime border disputes in India, China, and South Korea. Moreover, the increasing government expenses for obtaining advance equipment are expected to drive market growth in the region.
The global sonar systems market is projected to register a CAGR of 5.8% during the review period.
Key Players
The key players in the global sonar systems market are Atlas Elektronik (Germany), Kongsberg Gruppen (Norway), L3 (US), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Sonardyne (UK), Teledyne (US), Thales Group (France), and Ultra Electronics (UK).
Intended Audience:
Defense authorities
Naval forces
Sonar systems manufacturers
Governments
Research organizations
Original equipment manufacturers
The report on the global sonar systems market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.
The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value and volume, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Read More @ https://www.marketresearchfuture.com/reports/sonar-systems-market-6885
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact Info:
Name: Dhanashree Pawar
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/sonar-systems-market-6885
Video URL: https://www.marketresearchfuture.com/reports/sonar-systems-market-6885
Source: MarketersMedia
Release ID: 493338
The city’s tennis chief is “quietly confident” that Filipino superstar Alexandra Eala, and fellow main attractions Paula Badosa and Diana Shanider, will show up for the 2026 Prudential Hong Kong Tennis Open in November. In the past two years, Michael Cheng Ming-git has seen Naomi Osaka and Emma Raducanu both withdraw with injuries on the eve of the WTA 250 tournament. But the president of the Hong Kong, China Tennis Association said the “issue about no-shows has got nothing to do with the...
A big believer that elite sporting performance is entirely dictated by an athlete’s brain, Greg Koenig is busy convincing Cheung Ka-long that the Asian Games remain an important date in his calendar. Hong Kong’s first fencing superstar, Cheung has been there and done it over the past five years. He brilliantly won a pair of Olympic golds, first as an unfancied underdog, then as the foil king his rivals all wanted to dethrone, either side of becoming Asian Games champion in 2023. Of Cheung’s...
Kitchee survived playing the final 25 minutes with 10 men, after a debatable red card for captain Ruslan Mingazov, to draw 0-0 with Gangwon FC on Thursday night in their opening AFC Champions League 2 match. Although a point against the strongest team in the group represented a sound return, it could have been even better for the Hong Kong club on their return to Asian competition after three years away. Mingazov and Victor Camarasa, the former Cardiff City midfielder, were both inches wide with...
Athletes from multiple countries arriving in Japan for the 20th Asian Games were stranded at Nagoya airport because of a technical glitch, leaving some Chinese team members stuck for seven hours without food. According to state media, the plane carrying the country’s delegation from Beijing landed on schedule at around 12.15pm, with buses already waiting at Chubu Centrair International Airport to take them to their accommodation. However, athletes and officials soon found themselves trapped at...
The 20th Asian Games officially get under way in Japan on Saturday, and the honour of leading the Hong Kong delegation into the opening ceremony has been handed to Ivan Yang and Lydia Sham. At a welcome event on Thursday, Wong Po-kee, the chef de mission for Hong Kong’s more than 800-strong delegation, said the pair would be the city’s flag bearers for the event at the Nagoya City Mizuho Park Athletic Stadium. Officials and some of the city’s athletes attended a flag-raising at Nagoya Port...
Hyrox China has given full refunds to competitors affected by last weekend’s incident in Beijing, while the global governing body has updated its rule book to allow race directors to remove athletes if they pose a risk to the hygiene of the event. The commercial fitness competition has faced intense public backlash since elite Australian athlete Joanna Wietrzyk suffered incontinence during the solo women’s event but was allowed to carry on and win. Her mid-race left track surfaces and shared...
Chinese runner Zhao Jiaju became the first athlete to complete the 330km Tor des Géants in under 66 hours on Wednesday, breaking the course record to claim victory in Italy using a “fragmented sleep” strategy. Wearing bib No 1, he crossed the finish line in Courmayeur at 9.55am with a winning time of 65 hours, 55 minutes and 22 seconds, making history as the first Asian competitor to win the event. Widely regarded as one of the world’s most gruelling ultra-trail races, the flagship event offers...
Although he cheesed off some of his England players when he accused them of being “sloppy” and committing “lots of technical mistakes” following their World Cup quarter-final victory over Norway this summer, Thomas Tuchel’s angst perhaps stemmed from the knowledge that a much tougher test was around the corner. So it would prove, the head coach’s team punch-drunk by the end of their semi-final capitulation against Argentina. For Tuchel two months ago, and indeed Alex Ferguson after the 1983...
The Asian Games get officially under way on Saturday with the opening ceremony in Nagoya, although early rounds in several sports have already taken place. Hong Kong’s men began their football campaign on Wednesday, losing 2-0 to hosts Japan, while their female counterparts started two days earlier with a 5-1 defeat at the hands of China. It will not be until Sunday that the first gold is handed out, with triathlon and road cycling the most likely candidates to get their athletes on the podium...
Douglas Whyte heaped praise on his former fierce rival Zac Purton after the nine-time champion jockey helped get his season up and running with a Happy Valley double on Wednesday night. Live Wire’s success in the Class Four Community Chest Cup (1,200m) was an easy watch for Whyte, but it was the complete opposite when it came to Young Arrow in the second section of the Class Four Lido Handicap (1,200m). Forced to settle back early, Purton again had to steady his mount heading out of the back...
The Philippines Tennis Association (Philta) has filed a request with the WTA on behalf of Alexandra Eala, requesting an exemption from the mandatory China Open so that the world No 18 can represent her country at the Asian Games. Eala, who has become a fan favourite with wins over some of the biggest names on the circuit including Iga Swiatek and Coco Gauff, is the highest-ranked player in the women’s singles draw at the Asian Games, which begin on Saturday and conclude on October...
Hong Kong’s decades-old tennis facilities at Victoria Park will be redeveloped, the city’s leader said on Wednesday, a move that could open the way to holding bigger tournaments in the future. Speaking during his annual Policy Address, Chief Executive John Lee Ka-chiu said the plan was “to strengthen the promotion of ‘sports and mega-events’.” At the moment, Hong Kong holds the rights to stage a WTA and an ATP tournament, both at the 250 level. The first of those is the Prudential Hong Kong Open...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.