Edison, NJ -- (SBWIRE) -- 04/19/2019 -- A new business intelligence report released by HTF MI with title "Global Sonar System Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Sonar System Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Kongsberg Gruppen ASA, Lockheed Martin, ATLAS ELEKTRONIK, Furuno Electric, Navico, Thales, Ultra Electronics, Northrop Grumman, Raytheon, Exelis.
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Sonar (Sound Navigation and Ranging) system is electronic device used to Navigate and communicate with object using sound transmission under the surface of water. Sonar system is working by using echo. When any animal or machine makes noise, sonar system sends sound waves to object around it. Sonar System primarily used to detect noise of marine animal such as whales. Additionally, the operative usage of sonar systems confirms effective exploration and mapping of oceans by using sound waves. Sonar system has various usage such as defence, fishing, hydrographic research and oil and gas exploration. There are two type of sonar system including active sonar and passive sonar. In active sonar, the system releases a pulse of sound and then the operator listens for reverberations. In passive sonar, the worker listens to noises released by the object one is trying to locate.
Market Overview of Global Sonar System
If you are involved in the Global Sonar System industry or aim to be, then this study will provide you inclusive point of view. It's vital you keep your market knowledge up to date segmented by Applications Commercial, Military, Scientific Exploration & Other], Product Types [Single Beam Scanning Sonar System, Multi-Beam Sonar System & Side Scan Sonar System] and major players. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement.
This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2018 to 2023 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Sonar System Market: Single Beam Scanning Sonar System, Multi-Beam Sonar System & Side Scan Sonar System
Key Applications/end-users of Global Sonar System Market: Commercial, Military, Scientific Exploration & Other
Top Players in the Market are: Kongsberg Gruppen ASA, Lockheed Martin, ATLAS ELEKTRONIK, Furuno Electric, Navico, Thales, Ultra Electronics, Northrop Grumman, Raytheon, Exelis
Market Trend
- Adoption of Integrated Sonar System
- Growing Dependency on High-Resolution Imaging for Seabed Mapping
Market Drivers
- Rising Demand in Fishery Industry
- Increasing Number of Marine Defence Ship
Challenges
- Environmental Challenges
Opportunities
- Up Surging Demand in Defence Sector
- Fuelling Demand of Unmanned Underwater Vehicles for Defence Applications
Region Included are: South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico)
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Major Market Developments
On 6th July 2018, Kongsberg Gruppen ASA (KONGSBERG) has acquired Rolls-Royce Commercial Marine, leading global player of maritime operations.
On 5th December 2018, Lockheed Martin Corporation has offers 360-degree detection capability and situational awareness with high frequency passive sonar. Which is helping submarine commanders to improve their tactical control when working in harbors, shallow-water coastal zones as well as in the open ocean.
Target Audience
Sonar System Equipment Suppliers , Sonar System Manufacturers , Sonar Training Bodies , Software/Hardware/Service Providers , Technology Developers , Regulatory Bodies , Shipping Industry , Defence and Military Industry , Government and Private Research Institutes and Others
The following are the major objectives of the study
- To define, describe, and forecast the Global Sonar System market on the basis of product [General-Purpose Hull Mounted Sonar , Seabed Imaging and Information Sonar , Stern Mounted Sonar , Dipping Sonar and Others] , application [Commercial , Military , Scientific Exploration and Other], key regions and end user
- To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
- To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
- Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
- To provide market size for various segments of the Sonar System market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico)
- To strategically profile the key players and analysing their market shares and core competencies in the Sonar System industry
- To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
While framing the research framework, major and emerging players operating in the Sonar System market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
Important Features that are under offering & key highlights of the report:
– Detailed overview of Sonar System market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Sonar System market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Sonar System market performance
– Must-have information for market players to sustain and enhance their market footprint
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Major Highlights of TOC:
Chapter One: Global Sonar System Market Industry Overview
1.1 Sonar System Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Sonar System Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Global Sonar System Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.1.3 Other
2.2 Global Sonar System Market Size by Demand
2.3 Global Sonar System Market Forecast by Demand
Chapter Three: Global Sonar System Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Sonar System Market Size by Type
3.3 Sonar System Market Forecast by Type
Chapter Four: Major Region of Sonar System Market
4.1 Global Sonar System Sales
4.2 Global Sonar System Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Sonar System market?
- What are the key concerns of the five forces analysis of the Global Sonar System market?
- What are different prospects and threats faced by the dealers in the Global Sonar System market?
- What are the strengths and weaknesses of the key vendors?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.