Boston, MA -- (SBWIRE) -- 07/05/2017 -- Sound navigation and ranging, also known as sonar, is a sensing technique of employing sound propagation for navigating, detecting, and communicating with underwater objects. Sonar systems emit sound pulses and measure their return after they are reflected from man-made or biological/physical objects. The effective use of sonar systems ensures effective exploration and mapping of oceans by using sound waves. These waves travel farther in water compared to light waves and radar. Sonar also has effective uses in various non-defense applications such as oil and gas exploration, fishing and fishery management, and hydrographic research.

Get More Details on this Report and a Full Table of Contents at Global SONAR System Market 2017-2021

Technavio's analysts forecast the global SONAR system market to grow at a CAGR of 8.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global SONAR system market for 2017-2021. To calculate the market size, the report considers the sale of active and passive sonar systems that are being used by naval agencies or other government/private organizations in various applications, including anti-submarine warfare (ASW), hydrography, marine observation, and oil and gas exploration activities.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global SONAR System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-ATLAS ELEKTRONIK
-Kongsberg Maritime
-Lockheed Martin
-Raytheon
-Thales
-Ultra-Electronics

Other prominent vendors

-ASELSAN
-ERAPSCO
-Klein Marine Systems
-L3 Ocean Systems
-Northrop Grumman

Market driver

-Growing preference for deploying integrated SONAR system
-For a full, detailed list, view our report

Market challenge

-Challenges associated with the growing complexities in data management
-For a full, detailed list, view our report

Market trend

-Growing investments in UUV and other undersea warfare capabilities
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Kongsberg Maritime, Lockheed Martin, Raytheon, Thales, Ultra Electronics, ASELSAN, ERAPSCO, Klein Marine Systems, L3 Ocean Systems, Northrop Grumman

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