Global Naval Sonar Market 2019 – 2029

The Global Naval Sonar Market 2019-2029 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next ten years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by industry participants. It also offers insights regarding several factors and government programs that are expected to influence the demand for naval sonars over the forecast period.

The demand for naval sonars will be driven by the increasing focus on developing robust anti-submarine warfare (ASW) capability and fleet expansion initiatives by emerging economies such as India and Pakistan in the Asia-Pacific region.

“Navies are enhancing their undersea warfare capabilities by commissioning advanced surface ships and submarines, primarily to gain asymmetric advantage over their opponents and to secure their territorial waters against any intrusion. Disputes over offshore territories and maritime boundaries, abetted by the need to exploit the offshore resources including unexplored oil & gas reserves and fertile fishing zones are expected to be a major driver for the strengthening of naval capabilities. Apart from surface vessels and submarines, the induction of maritime patrol aircrafts (MPA) and ASW helicopters to patrol the Exclusive Economic Zone (EEZ) is also expected to drive the sonobuoys and dipping sonar market worldwide.”

Scope

In particular, the report provides an in-depth analysis of the following:

• Market size and drivers: detailed analysis during 2019-2029, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
• Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of sonar segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants.
• Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
• Major programs: details of the key programs in each segment, which are expected to be executed during 2019-2029.
• Competitive landscape and strategic insights: analysis of the competitive landscape of the global naval sonar market. It provides an overview of key players, strategic initiatives, and financial analysis.

Key Highlights

– The global naval sonar market is expected to grow at a CAGR of 3.54% over the forecast period.

– The naval sonar market is classified into of five categories: Hull Mounted Sonar, Towed Sonar, Sonobuoys, Dipping Sonar, and Diver Detection Sonar.

– Asia Pacific region is expected to dominate the naval sonar market over the forecast period with a market share of 37.3%, followed by North America and Europe.

– The Hull Mounted Sonar segment is expected to dominate the naval sonar market over the forecast period.

Reasons to Buy

– Determine prospective investment areas based on a detailed trend analysis of the global naval sonar market over the next ten years

– Gain in-depth understanding about the underlying factors driving demand for different sonar segments in the top spending countries across the world and identify the opportunities offered by each of them

– Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others

– Identify the major channels that are driving the global naval sonar market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion

– Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global naval sonar market

– Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top naval sonar providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available