According to the study, Increasing Demand for High-Resolution Imaging for Seabed Mapping
is one of the primary growth factors for the market. Upsurge in the Number of Sonar Programs for Anti-Submarine Warfare (ASW) Techniques
is also expected to contribute significantly to the Sonar Systems market. Overall, Commercial Area
applications of Sonar Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Raytheon (United States), Lockheed Martin (United States), Thales (France), Kongsberg Gruppen (Norway), Ultra-Electronics (United Kingdom), L3 (United States), Teledyne (United States), Sonardyne (United Kingdom), Atlas Elektronik (Germany) and Furuno (Japan) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Sonar Systems market identified that the demand is rising in many different parts of the world as "Rising Requirement for Cost-Effective Sonar Systems for Anti-Submarine Warfare
". Furthermore, some recent industry insights like "On 14th June 2018, Australia’s Defence Industry has announced major upgrades of the Thales sonars on Australia’s fleet of six Collins Class submarines. The sonar upgrades are important to extend the life of the Collins class submarines and maintain their regional superiority. The deal was established for 230 million dollars contract with Thales." is constantly making the industry dynamic. One of the challenges that industry facing is "Growing Concern Related Complex Training Involved in Building Anti-Submarine Warfare Capability"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Sonar Systems market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Sonar Systems market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Sonar Systems market tight? Which application/end-user category or Product Type [General-Purpose Hull Mounted Sonar, Stern Mounted Sonar, Seabed Imaging and Information Sonar, Dipping Sonar and Other] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Sonar Systems market and other related sub-markets covered in the study.
o Key & emerging players in the Sonar Systems market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Sonar Systems market size is calculated using market estimation process, the Sonar Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Sonar Systems market size has been validated using both top-down and bottom-up approaches.