Sonar Systems Market 2026: the Report Gives Immense Knowledge of the Competitive Nature of Key PlayersPosted by Amrut Mahajani on February 9th, 2023  The report on the Sonar Systems Market provides a detailed trend analysis from 2018 to 2026. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. MarketsandMarkets: The sonar system market is estimated to be USD 5.9 billion in 2021 and is projected to reach USD 6.5 billion by 2026, at a CAGR of 1.8% from 2021 to 2026. The market is driven by various factors, such as the development of advanced 3D sonars, increasing use of sonar systems in anti-submarine warfare, increasing defense expenditure of emerging economies, and technological advancements in sonar systems. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142612945 Based on the platform, The sonar systems market will majorly be driven by the growing demand for commercial vessels in the forecasted year. The commercial vessels platform includes all the non-military marine vessels that are used for applications like cargo transport, research, fishing, oil transport, passenger transport, etc. Commercial vessels are classified as Bulk carriers, Tankers, Passenger cruises,s, and Dry cargo. Dry cargo is further classified as Container, General cargo, and Dredgers. Based on Application, the market for sonar systems used for anti-submarine warfare is projected to grow at the highest CAGR during the forecast period. Anti-submarine warfare (ASW) is a branch of underwater warfare that uses surface warships, aircraft, submarines, or other platforms, to find, track, and deter, damage, and/or destroy enemy submarines. As each new generation of submarine becomes quieter and harder to detect, the sensing technology used in ASW has in turn improved. sophisticated sonar equipment is used for first detecting, then classifying, locating, and tracking a target submarine. Sensors are therefore a key element of ASW. Common weapons for attacking submarines include torpedoes and naval mines, which can both be launched from an array of air, surface, and underwater platforms. ASW capabilities are often considered of significant strategic importance, particularly following provocative instances of unrestricted submarine warfare and the introduction of submarine-launched ballistic missiles, which greatly increased the perceived lethality of submarines. Big players like Thales and Ultra Electronics are heavily invested in AWS as it has proved it's worth time and time again. Based on the Product, the hull-mounted sonar is projected to grow at the highest CAGR rate for the sonar systems market during the forecast period. Hull-mounted sonar is one of the most commonly used types of sonar. Hull-mounted sonar is attached at the bottom of the vessel. Hull-mounted sonar is used for performing various tasks like seabed monitoring, fish finding, anti-submarine warfare, diver detection, etc. Hull-mounted sonar is further classified as Forward-looking sonar, Omnidirectional sonar, and echosounder. Asia Pacific is projected to be the largest regional share of the global sonar systems market during the forecast period. Asia Pacific is estimated to account for a share of 39.0 % of the sonar system market in 2021. The market in this region has been studied for Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific, which includes Indonesia, Vietnam, Taiwan, and Pakistan. The Asia Pacific market is projected to grow from USD 2327.7 million in 2021 to USD 2474.6 million by 2026, at a CAGR of 1.2% during the forecast period. China, Japan, and South Korea are major players in the global commercial shipbuilding industry. Due to a fall in shipbuilding orders from 2020 because of covid, the demand for sonar systems from this industry has also decreased. However, the commercial shipbuilding market is expected to rise after 2021 due to the need for the replacement of older ships. This is expected to increase the demand for navigational sonar systems. Port & harbor management and the development of offshore wind energy parks are fueling the demand for hydrographic sonar system, a type of sonar system, in the region. Investments in offshore oil and gas activities have also contributed to the growth of the sonar system market. The sonars used in the above applications (oil & gas activities, port & harbor management, and offshore wind energy parks) include multi-beam echo sounders, sub-bottom profilers, and side scan sonars. There is a rise in the defense budgets of Asia Pacific countries, resulting in aggressive naval shipbuilding activities in countries such as China, South Korea, and India. These factors are expected to increase the demand for various sonar systems, including hull-mounted and towed array sonars. 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