Global Sonar System Market - Analysis By Solution (Hardware, Software), End-User, Defence Application, Commercial Application, By Region, By Country (2020 Edition): Opportunities and Forecast (2019-2024)

Published: January 2020

No. of Pages: 220

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Report Description
Table of Contents

Executive Summary

The Global Sonar System Market, valued at USD 2.71 billion in the year 2018 has been witnessing unprecedented growth in the last few years on the back of increasing expenditure on military or naval forces. Moreover, factors that are backing the growth of sonar system market are increasing global sea trade, growing maritime tourism, increasing demand of autonomous underwater vehicles as well as ongoing improvement in the marine navigational safety.

Among the Solutions segment in the sonar system market (Hardware, Software), Hardware Solution has been gaining popularity among various end-user segments and is expected to keep major market share in the forecast period on the back of higher underwater security measures from threats and conflicts. The Hardware solution segment includes components such as sensors, transducers, etc.

Based on End-User segment, Defence sector dominates the market share in year 2018 and is also expected to show dominance during the forecast period owing to rising initiatives by the regional governments on providing more and better security measures to ensure the safety of lives from underwater threats and terrorist attacks.

The Asia Pacific market is estimated to be the leading market for sonar system during the forecast period with China being the leading country in the region followed by Japan and India. Moreover, burgeoning demand for medical applications and rising demand for sonar system in strategic defence operations are some of the key factors fuelling the demand of sonar system in the region.

Scope of the Report

- The report analyses the sonar System market at global, regional and country level.
- The report analyses the Sonar System Market by Solution (Hardware, Software).
- The report assesses the Sonar System market by its end-user industry (Commercial, Defence).
- The report assesses the Sonar System market by Defence Application (Anti-submarine warfare, Mine Detection & Countermeasure, Others).
- The report assesses the Sonar System market by Commercial Application (Navigation, Hydrography, Fishing).
- The Global Sonar System Market has been analysed by Region (North America, Europe, Asia Pacific, LAMEA) and by Country (United States, Canada, Russia, France, United Kingdom, China, Japan, India)
- The attractiveness of the market has been presented by region, solution, end-user industry, defence application and commercial application. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, key developments in the market and new product development. The companies analysed in the report include Norbit, Raytheon, Northrop Grumman, Kongsberg Gruppen, Teledyne Technologies, Furuno, Thales, Ultra Electronics, Atlas Elektronik, Lockheed Martin.
- The report presents the analysis of Sonar system market for the historical period of 2014-2018 and the forecast period of 2019-2024.

Key Target Audience
- Sonar System Manufacturers
- Consulting and Advisory Firms
- Government and Policy Makers
- Investment Banks and Equity Firms
- Regulatory Authorities

Table of Contents

1. Report scope & Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
2.1 Concentration on Product and Market development strategies.
2.2 Software synchronized control strategy.
3. Product Outlook
4. Global Sonar System Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2014-2024
5. Global Sonar System Market Segmentation By Solution
5.1 Competitive Scenario of Global Sonar System: By Solution
5.2 Hardware Market Size and Forecast (2019-2024)
5.3 Software - Market Size and Forecast (2019-2024)
6. Global Sonar System Market Segmentation By End-User
6.1 Competitive Scenario of Global Sonar System: By End-User
6.2 Commercial Market Size and Forecast (2019-2024)
6.3 Defence- Market Size and Forecast (2019-2024)
7. Global Sonar System Market Segmentation By Defence Application
7.1 Competitive Scenario of Global Sonar System: By Defence Application
7.2 Anti-Submarine warfare Market Size and Forecast (2019-2024)
7.3 Mine Detection & Countermeasure - Market Size and Forecast (2019-2024)
7.4 Others Market Size and Forecast (2019-2024)
8. Global Sonar System Market Segmentation By Commercial Application
8.1 Competitive Scenario of Global Sonar System: By Commercial Application
8.2 Navigation Market Size and Forecast (2019-2024)
8.3 Hydrography - Market Size and Forecast (2019-2024)
8.4 Fishing - Market Size and Forecast (2019-2024)
9. Global Sonar System Market: Regional Analysis
9.1 Competitive Scenario of Global Sonar System: By Region
10. North America Sonar System Market: Segmentation By Solution, End-User (2019-2024)
10.1 North America Sonar System Market: Size and Forecast (2019-2024)
10.2 North America Sonar System Market Prominent Companies
10.3 Market Segmentation By Solution (Hardware, Software)
10.4 Market Segmentation By End-User (Defence, Commercial)
10.5 North America Sonar System Market: Country Analysis
10.6 Market Opportunity Chart of North America Sonar System Market - By Country, By Value (Year-2024)
10.7 Competitive Scenario of North America Sonar System: By Country
10.8 United States Sonar System Market: Size and Forecast (2019-2024)
10.8.1 Few Major Players in United States Sonar System Market
10.9 United States Sonar System Market Segmentation By Solution, End-User
10.10 Canada Sonar System Market: Size and Forecast (2019-2024)
10.11 Canada Sonar System Market Segmentation By Solution, End-User
11. Europe Sonar System Market: Segmentation By Solution, End-User (2019-2024)
11.1 Europe Sonar System Market: Size and Forecast (2019-2024)
11.2 Europe Sonar System Market Prominent Companies
11.3 Market Segmentation By Solution (Hardware, Software)
11.4 Market Segmentation By End-User (Defence, Commercial)
11.5 Europe Sonar System Market: Country Analysis
11.6 Market Opportunity Chart of Europe Sonar System Market - By Country, By Value (Year-2024)
11.7 Competitive Scenario of Europe Sonar System: By Country
11.8 Russia Sonar System Market: Size and Forecast (2019-2024)
11.9 Russia Sonar System Market Segmentation By Solution, End-User
11.10 France Sonar System Market: Size and Forecast (2019-2024)
11.10.1 Major Players in France Sonar System Market
11.11 France Sonar System Market Segmentation By Solution, End-User
11.12 United Kingdom Sonar System Market: Size and Forecast (2019-2024)
11.12.1 Major Players in United Kingdom Sonar System Market
11.13 United Kingdom Sonar System Market Segmentation By Solution, End-User
11.14 Rest Of Europe Sonar System Market: Size and Forecast (2019-2024)
11.15 Rest Of Europe Sonar System Market Segmentation By Solution, End-User
12. Asia Pacific Sonar System Market: Segmentation By Solution, End-User (2019-2024)
12.1 Asia Pacific Sonar System Market: Size and Forecast (2019-2024)
12.2 Market Segmentation By Solution (Hardware, Software)
12.3 Market Segmentation By End-User (Defence, Commercial)
12.4 Asia Pacific Sonar System Market: Country Analysis
12.5 Market Opportunity Chart of Asia Pacific Sonar System Market - By Country, By Value (Year-2024)
12.6 Competitive Scenario of Asia Pacific Sonar System: By Country
12.7 China Sonar System Market: Size and Forecast (2019-2024)
12.8 China Sonar System Market Segmentation By Solution, End-User
12.9 Japan Sonar System Market: Size and Forecast (2019-2024)
12.10 Japan Sonar System Market Segmentation By Solution, End-User
12.11 India Sonar System Market: Size and Forecast (2019-2024)
12.12 India Sonar System Market Segmentation By Solution, End-User
12.13 Rest Of APAC Sonar System Market: Size and Forecast (2019-2024)
12.14 Rest Of APAC Sonar System Market Segmentation By Solution, End-User
13. LAMEA Sonar System Market: Segmentation By Solution, End-User (2019-2024)
13.1 LAMEA Sonar System Market: Size and Forecast (2019-2024)
13.2 Market Segmentation By Solution (Hardware, Software)
13.3 Market Segmentation By End-User (Defence, Commercial)
14. Global Sonar System Market Dynamics
14.1 Global Sonar System Market Drivers
14.2 Global Sonar System Market Restraints
14.3 Global Sonar System Market Trends
15. Market Attractiveness and Strategic Analysis
15.1 Market Attractiveness
15.1.1 Market Attractiveness Chart of Global Sonar System Market - By Solution (Year 2024)
15.1.2 Market Attractiveness Chart of Global Sonar System Market - By End-User (Year 2024)
15.1.3 Market Attractiveness Chart of Global Sonar System Market - By Defence Application (Year-2024)
15.1.4 Market Attractiveness Chart of Global Sonar System Market - By Commercial Application (Year-2024)
15.1.5 Market Attractiveness Chart of Global Sonar System Market - By Region, By Volume, (Year-2024)
15.2 Strategic Analysis
15.2.2 Key Developments in Sonar System Market
16. Competitive Landscape
16.1 Market Share Analysis
16.2 Competitive Positioning (Leaders, Challengers, Followers, Niche Players)
17. Company Profiles (Business Description, Financial Analysis, Business Strategy)
17.1 Norbit
17.2 Kongsberg Gruppen
17.3 Raytheon
17.4 Lockheed Martin
17.5 Ultra Electronics
17.6 Atlas Elektronik
17.7 Furuno
17.8 Thales
17.9 Northrop Grumman
17.10 Teledyne Technologies
List of Figures

Figure 1: Global Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 2: Global Seaborne Trade Growth (%), 2014-2018
Figure 3: Global GDP Growth (%), 2014-2018
Figure 4: Global Active Fleet Growth(%), 2014-2018
Figure 5: Global Military Expenditure (USD Trillion), 2014-2018
Figure 6: Global Military Spending, By Top 15 Countries, Year 2018 (In USD Billion)
Figure 7: Order Backlog by Leading Shipbuilders in 2018, (CGT)
Figure 8: Global Industry (Including Construction), value added (annual growth %)
Figure 9: Global Sonar System Market Share - By Solution (2018 & 2024)
Figure 10: Global Sonar System Market- By Hardware, By Value (USD Million), 2014-2024
Figure 11: Global Sonar System Market- By Software, By Value (USD Million), 2014-2024
Figure 12: Global Sonar System Market Share- By End-User (2018 & 2024)
Figure 13: Global Sonar System Market- By Commercial, By Value (USD Million), 2014-2024
Figure 14: Global Sonar System Market- By Defence, By Value (USD Million), 2014-2024
Figure 15: Global Sonar System Market Share- By Defence Application (2018 & 2024)
Figure 16: Global Sonar System Market- By Anti-submarine warfare, By Value (USD Million), 2014-2024
Figure 17: Global Sonar System Market- By Mine Detection & Countermeasure, By Value (USD Million), 2014-2024
Figure 18: Global Sonar System Market- By Others, By Value (USD Million), 2014-2024
Figure 19: Global Sonar System Market Share- By Commercial Application (2018 & 2024)
Figure 20: Global Sonar System Market- By Navigation, By Value (USD Million), 2014-2024
Figure 21: Global Sonar System Market- By Hydrography, By Value (USD Million), 2014-2024
Figure 22: Global Sonar System Market- By Fishing, By Value (USD Million), 2014-2024
Figure 23: Global Sonar System Market Share- By Region (2018 & 2024)
Figure 24: North America Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 25: America container Port Volume (20 Foot Equivalent Unit), 2016-17
Figure 26: Americas Seaborne Trade, 2017 (% share in world Tonnage)
Figure 27: North America Oil Production & Consumption (Million tones), 20142018
Figure 28: North America Military Expenditure (USD Billion), 2014-2018
Figure 29: North America Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 30: North America Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 31: Market Opportunity Chart of North America Sonar System Market - By Country, By Value (Year-2024)
Figure 32: North America Sonar System Market Share- By Country (2018 & 2024)
Figure 33: United States Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 34: United States Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 35: United States Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 36: United States Oil Production & Consumption (Million tones), 20142018
Figure 37: United States Military Expenditure (USD Billion), 20142018
Figure 38: United States Average Rig counts, 2014-2018
Figure 39: U.S Industry (Including Construction), Value added (annual growth %), 2013-17
Figure 40: Ship Built by U.S.A of building, 2014-18 (Gross Tonnage)
Figure 41: U.S Manufacturing Value added, annual growth(%), 2013-17
Figure 42: United States Urban Population(% of Total Population)
Figure 43: Canada Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 44: Canada Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 45: Canada Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 46: Canada Oil Production & Consumption (Million tones), 20142018
Figure 47: Canada Military Expenditure (USD Billion), 20142018
Figure 48: Canada Average Rig counts, 2014-2018
Figure 49: Canadas Urban Population Growth (annual %), 2013-18
Figure 50: Ship Built by Canada of building, 2014-18 (Gross Tonnage)
Figure 51: Canada Industry (Including Construction), Value added (annual growth %), 2013-18
Figure 52: Canada Manufacturing Value added, annual growth(%), 2013-18
Figure 53: Europe Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 54: European Union Military Expenditure (USD Billion), 2014-2018
Figure 55: Europe Seaborne Trade, 2017-18 (% share in world Tonnage)
Figure 56: European Union Urban Population growth (annual %), 2013-18
Figure 57: Europe GDP Growth rate, 2014-2018 (%)
Figure 58: Europe Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 59: Europe Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 60: Market Opportunity Chart of Europe Sonar System Market - By Country, By Value (Year-2024)
Figure 61: Europe Sonar System Market Share- By Country
Figure 62: Russia Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 63: Russia Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 64: Russia Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 65: Russia Oil Production & Consumption (Million tones), 20142018
Figure 66: Russia Military Expenditure (USD Billion), 20142018
Figure 67: Russia GDP growth (annual %), 2014-2018
Figure 68: France Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 69: France Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 70: France Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 71: France Manufacturing Value Added (annual % growth), 2014-18
Figure 72: Ship Built by France of building, 2015-18 (Gross Tonnage)
Figure 73: France Military Expenditure (USD Billion), 2014-18
Figure 74: France GDP growth (annual %), 2014-18
Figure 75: United Kingdom Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 76: United Kingdom Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 77: United Kingdom Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 78: United Kingdom Oil Production & Consumption (Million tones), 20142018
Figure 79: United Kingdom Military Expenditure (USD Billion), 20142018
Figure 80: United Kingdom GDP growth (annual %), 2014-2018
Figure 81: Rest Of Europe Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 82: Rest Of Europe Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 83: Rest Of Europe Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 84: Europes Countries Oil Consumption (Million tones), 20142018
Figure 85: Europes Countries Oil Production (Million tones), 20142018
Figure 86: Developing Countries Industry (Including Construction), Value added (annual growth %), 2013-18
Figure 87: Developing Countries Manufacturing Value added, annual growth(%), 2014-18
Figure 88: European countries Military Expenditure (USD Billion), 2014-2018
Figure 89: Asia Pacific Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 90: East Asia & Pacific Military Expenditure (USD Billion), 2014-2018
Figure 91: APAC Seaborne Trade, 2017 (% share in world Tonnage)
Figure 92: APAC Urban Population growth (annual %), 2013-18
Figure 93: East Asia & Pacific GDP Growth rate, 2013-2018 (%)
Figure 94: Asia Pacific Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 95: Asia Pacific Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 96: Market Opportunity Chart of Asia Pacific Sonar System Market - By Country, By Value (Year-2024)
Figure 97: Asia Pacific Sonar System Market Share By Country
Figure 98: China Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 99: Official Chinese Defence Budget, By Value (USD Billion), 2013-2019
Figure 100: China Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 101: China Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 102: China Oil Production & Consumption (Million tones), 20142018
Figure 103: China Military Expenditure (USD Billion), 20142018
Figure 104: China GDP growth (annual %), 2013-2018
Figure 105: Ship Built by China of building, 2014-18 (Gross Tonnage)
Figure 106: Japan Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 107: Japan Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 108: Japan Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 109: Leading shipbuilding companies in Japan as of March 2018, by total assets (Japanese Billion Yen)
Figure 110: Japan Military Expenditure (USD Billion), 20142018
Figure 111: Japan GDP growth (annual %), 2014-2018
Figure 112: Ship Built by Japan of building, 2014-18 (Gross Tonnage)
Figure 113: Japans Manufacturing Value added (USD T), 2013-17
Figure 114: Japan Urban Population (% of Total Population), 2014-18
Figure 115: Japan Industry (including construction), value added (USD Trillion), 2013-17
Figure 116: India Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 117: India Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 118: India Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 119: India Oil Production & Consumption (Million tones), 20142018
Figure 120: India Military Expenditure (USD Billion), 20142018
Figure 121: India GDP Growth Rate (annual %), 2014-2018
Figure 122: Indias Urban Population (% of Population), 2014-2018
Figure 123: Rest Of APAC Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 124: Rest Of APAC Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 125: Rest Of APAC Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 126: APAC Countries Oil Consumption (Million tones), 20142018
Figure 127: APAC Countries Oil Production (Million tones), 20142018
Figure 128: APAC Developing Countries Industry (Including Construction), Value added (USD Billion), 2013-18
Figure 129: Developing Countries Manufacturing Value added, annual growth(%), 2014-18
Figure 130: APAC countries Military Expenditure (USD Billion), 2014-2018
Figure 131: South Korea Shipbuilding Orderbook, 2017-18 (M dwt)
Figure 132: LAMEA Sonar System Market Size, By Value, 2014-2024 (USD Million)
Figure 133: LAMEA Sonar System Market- By Solution, By Value (USD Million), 2014-2024
Figure 134: LAMEA Sonar System Market- By End-User, By Value (USD Million), 2014-2024
Figure 135: Middle East Oil Production & Consumption (Million tones), 20142018
Figure 136: Africa Oil Production & Consumption (Million tones), 20142018
Figure 137: MENA Annual GDP Growth rate (%) 20142018
Figure 138: MEA Urban Population (% of Population), 2014-2018
Figure 139: LAMEA countries Military Expenditure (USD Billion), 2014-2018
Figure 140: Developing Countries Urban Population Growth (annual %), 2013-18
Figure 141: Market Attractiveness Chart of Global Sonar System Market - By Solution (Year-2024)
Figure 142: Market Attractiveness Chart of Global Sonar System Market - By End-User (Year-2024)
Figure 143: Market Attractiveness Chart of Global Sonar System Market - By Defence Application (Year-2024)
Figure 144: Market Attractiveness Chart of Global Sonar System Market - By Commercial Application (Year-2024)
Figure 145: Market Attractiveness Chart of Global Sonar System Market - By Region, By Value, (Year-2024)
Figure 146: Competitive Positions of Sonar System Companies (2018)
Figure 147: NORBIT Annual Revenue (USD Million), Year 2015-2018
Figure 148: NORBIT Net Profit/Loss(USD Million), Year 2015-2018
Figure 149: NORBIT Sales Revenue Split, By Business Segment (%), FY2018
Figure 150: Kongsberg Gruppen Annual Revenue (USD Million), Year 2014-2018
Figure 151: Kongsberg Gruppen Net Profit/Loss(USD Million), Year 2014-2018
Figure 152: Kongsberg Gruppen Sales Revenue Split, By Business Segment (%), FY2018
Figure 153: Kongsberg Gruppen Sales Revenue Split, By Geography (%), FY2018
Figure 154: Raytheon Annual Sales Revenue (USD Million), 2014-2018
Figure 155: Raytheon Annual Net Income/Loss (USD Million), 2014-2018
Figure 156: Raytheon Sales Revenue, By Business Segment(%), FY2018
Figure 157: Raytheon Sales Revenue, By Geography(%), FY2018
Figure 158: Raytheon Sales Revenue, By Contract-Type(%), FY2018
Figure 159: Lockheed Martin Annual Sales Revenue (USD Million),2014-2018
Figure 160: Lockheed Martin Annual Net Income/Loss (USD Million), 2014-2018
Figure 161: Lockheed Martin Sales Revenue, By Product Segment(%), FY-2018
Figure 162: Lockheed Martin Sales Revenue By Geographic Region(%), FY-2018
Figure 163: Lockheed Martin Sales Revenue, By Contract-Type(%), FY2018
Figure 164: Lockheed Martin Sales Revenue, By Customer(%), FY2018
Figure 165: Ultra Electronics Annual Revenue (USD Million), Year 2014-2018
Figure 166: Ultra Electronics Net Profit/Loss(USD Million), Year 2014-2018
Figure 167: Ultra Electronics Sales Revenue Split, By Business Segment (%), FY2018
Figure 168: Ultra Electronics Sales Revenue Split, By Market (%), FY2018
Figure 169: Ultra Electronics Sales Revenue Split, By Geography Segment (%), FY2018
Figure 170: Furuno Annual Revenue (USD Million), Year 2015-2019
Figure 171: Furuno Net Profit/Loss(USD Million), Year 2015-2019
Figure 172: Furuno Sales Revenue Split, By Business Segment (%), FY2019
Figure 173: Furuno Sales Revenue Split, By Market (%), FY2019
Figure 174: Thales Annual Revenue (USD Million), Year 2014-2018
Figure 175: Thales Net Income (USD Million), Year 2014-2018
Figure 176: Thales Sales Revenue Split, By Business Segment (%), FY2018
Figure 177: Thales Sales Revenue Split, By Geographical Region (%), FY2018
Figure 178: Northrop Grumman Annual Revenue (USD Million), Year 2014-2018
Figure 179: Northrop Grumman Net Income (USD Million), Year 2014-2018
Figure 180: Northrop Grumman Sales Revenue Split, By Business Segment (%), FY2018
Figure 181: Northrop Grumman Sales Revenue Split, By Geographical Region (%), FY2018
Figure 182: Teledyne Technologies Annual Revenue (USD Million), Year 2014-2018
Figure 183: Teledyne Technologies Net Income (USD Million), Year 2014-2018
Figure 184: Teledyne Technologies Sales Revenue Split, By Business Segment (%), FY2018
Figure 185: Teledyne Technologies Sales Revenue Split, By Geographical Region (%), FY2018

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