Global Sonar System Market Risk, Industry Upstream, Forecast and CAGR 2018-2023 | Ozone Market Reports
Ozone Market Reports projects that the Sonar System market size will grow from in 2017 to by 2023, at an estimated CAGR of . The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Various factors such as growth in the defense spending of Asia Pacific and North American countries on naval platforms has led to a rise in the demand for sonar systems for defense in these regions. Moreover, growth in the usage of sonars for fish finding has led to the demand for commercial sonars.
By Market Players:
Raytheon , Lockheed Martin , Thales , Kongsberg Gruppen , Ultra Electronics , L3 , Teledyne , Sonardyne , Atlas Elektronik , Furuno , Navico , JRC,
By Mode of Operation
Commercial Active, Military Dual Mode, Military Passive ,
By Product Type
General-Purpose Hull Mounted Sonar, Seabed Imaging and Information Sonar, Stern Mounted Sonar, Dipping Sonar, Others,
By Installation
Vessel Mounted, Towed, Hand-held and Pole mounted, Airborne, UUV, Others,
By Operating Frequency
High, Medium, Low,
By Application
Defense, Commercial,
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Points Covered in The Report:
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The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
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