Global Sonar System Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2024-2032)

Global Sonar System Market Outlook

The global sonar system market size attained a value of USD 3.37 billion in 2023. The market is expected to grow at a CAGR of 7.80% between 2024 and 2032 to reach a value of USD 6.64 billion by 2032.

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Key Trends in the Market

Sonar system, also known as sound navigation and ranging, refers to a method of the identifying objects located in the environment and analysing their distance and direction. Typically, sonar systems comprise of transmitters, numerous omnidirectional sensors, and receivers. In the sonar system, the transmitter emits sound waves which are then measured and recorded by the sensors and receivers. Objects in the environment, such as in the air or on or under water, reflect sound waves differently, enabling accurate tracking of objects and their location. 

• The global sonar system market growth is being propelled by the increasing investments aimed towards the development of modern sonar systems equipped with artificial intelligence and acoustic layers, which are expected to improve the efficiency of the systems.

• The increasing application of sonar systems for search and rescue, security and surveillance, and navigation for deep sea exploration activities, is further propelling their demand.

• The increasing demand for sonar systems for anti-submarine warfare and unmanned underwater vehicles (UUVs), owing to the growing geopolitical tensions and increasing naval expenditure of the sovereign military powers are expected to accelerate the growth of sonar system market.

Market Analysis

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Based on type, the market can be segmented into hull-mounted sonar, stern-mounted sonar, dipping sonar, sonobuoy, and driver detection sonar. On the basis of installation, the market can be classified into fixed and deployable.  The market can be categorised based on operation into active, passive, and dual. By platform, the market can be divided into commercial vessels, defence vessels, unmanned underwater vehicles (UUVs), and aircrafts. Based on application, the market can be segmented into search and rescue, anti-submarine warfare, port security, and navigation, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global sonar system market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• Ultra Electronics Holdings plc.

• DSIT Solutions Ltd.

• ASELSAN A.Åž.

• L3Harris Technologies, Inc.

• Thales Group

• Others

Market Share by Platform

The defence vessels segment, based on platform, holds a significant share in the sonar system market. Sonar equipment are gaining traction in warships and submarines to facilitate safe underwater navigation, especially in disputed territories. The increasing importance of sonar systems in modern warfare, amidst the escalating geopolitical stress, is leading to an increased demand for sonar technology. In addition, technical upgradations in sonar systems, including the induction of hydrophones and advanced radio communication with reduced self-noise, are bolstering the applications of sonar systems in defence vessels. Over the forecast period, the increasing emphasis by the governments of emerging sovereign military superpowers such as India, are leading to a robust development of new sonar system capabilities. 

Market Share by Application

Search and rescue applications account for a decent share in the sonar system market. Sonar systems are fully capable of detecting humans, animals, or objects inside the deep-water areas where turbid waters reduce visibility for high-resolution cameras. It provides great support to police, rescue teams, and naval forces. 

Meanwhile, the anti-submarine warfare segment is expected to witness a steady growth in the forecast period as the proliferation of defence vessels deployed in contested waters increases. Major submarine manufacturers are investing in upgrading sonar systems with special components such as advanced soft acoustic layers and artificial intelligence (AI). 

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Competitive Landscape

Ultra Electronics Holdings plc. is renowned manufacturer, designer, producer, and developer of electronic systems which cater to the demands of aerospace and defence industry. The company was founded in 1920 and is headquartered in London, United Kingdom. Ultra Electronics Holdings plc. focuses on developing mission-critical solutions that promote safety, through application engineering and intelligent systems. 

DSIT Solutions Ltd. is an Israeli underwater surveillance system provider. It also offers high-end technological solutions related to sonar and acoustics. This company aims at innovating electronical products to facilitate underwater security as well as ground monitoring. The product portfolio of DSIT Solutions Ltd. includes diver detection sonar and hull mounted sonar (HMS). 

ASELSAN A.Åž. is a prominent manufacturer and developer of defence electronic components, headquartered in Yenimahalle, Turkey. This company was founded in the year 1975 and is owned by the Turkish Armed Forces Foundation. The products developed by this company include information and communication technologies, avionics, radar and electronic warfare, weapon systems, command and control systems, and automation systems, among others. 

Other market players include L3Harris Technologies, Inc., and Thales Group, among others.

Key Highlights of the Report