Industry Background:
With the rising number of terror attacks across the globe, the government is pulling their socks and building warships and deploy nuclear submarines at higher rates. Along with rising number of military strategies to boost the naval sonar market. It is a technique that employs sound waves for navigating, communicating, and detecting any object in the water.This growth is primarily driven by Rising Number of Number of Sonar Programs for Anti-Submarine Warfare (ASW) Techniques, Increasing Adoption for Sonobuoy for Tactical Defense Operations, Rising Demand for Fisheries, Rising Demand for High-Resolution Imaging for Seabed Mapping and Advancements in Active Sonar Technologies.
Globally, a noticeable market trend is evident The market is moving towards 3D Sonar Processing from 2D Sonar Processing to for Seabed Imaging and Charting
. Major Manufacturers, such as Kongsberg Gruppen (Norway), Ultra Electronics (United Kingdom), L3 (United States), Teledyne (United States), Navico (Norway), Japan Radio Co. Ltd. (Japan), DSIT (Israel), Raytheon (United States), Lockheed Martin (United States) and Thales (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Dec 2019, Thales Sonars and Acoustic systems announced to integrate and provide latest-generation anti-submarine warfare capability to the Spanish Navy’s five F110frigates.
Market Drivers
- Rising Number of Number of Sonar Programs for Anti-Submarine Warfare (ASW) Techniques
- Increasing Adoption for Sonobuoy for Tactical Defense Operations
- Rising Demand for Fisheries
- Rising Demand for High-Resolution Imaging for Seabed Mapping
- Advancements in Active Sonar Technologies
Market Trend
- The market is moving towards 3D Sonar Processing from 2D Sonar Processing to for Seabed Imaging and Charting
- Rising adoption for Sonar for Naval Applications
- Advancement in Technology of AUVS, ROVS & UUVS
Restraints
- Side-Effects of Sonar on Marine Life
Opportunities
Rising requirement for Cost-Effective Sonar Systems for Anti-Submarine Warfare, Increase in Defense Spending and Increase in Demand for Unmanned Underwater Vehicles
Challenges
Complex Training Involved in Building Anti-Submarine Warfare Capability
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Naval Sonar Study Sheds Light on
The Naval Sonar Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Naval Sonar industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Naval Sonar industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.