Global SONAR Systems Market to Grow at a CAGR of 7.01% over 2015-2019
ResearchMoz added Latest Research Report titled " Global SONAR Systems Market 2015-2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWire) -- 07/15/2016 --A SONAR system works on using the same technology that is used by animals such as dolphins and bats for detecting objects. The technology was first recorded by Leonardo da Vinci in 1490, but intense research on it started after the Titanic mishap. During the World War I, the need to detect submarines fueled more research for SONAR system development. A SONAR system is divided into two types: active and passive. Active SONAR system is mostly used for civilian purposes like oil exploration activities, fishing, and hydrographic and nautical charting activities. Passive SONAR system is used for military activities.
The global SONAR systems market to grow at a CAGR of 7.01% over the period 2014-2019. This report covers the present scenario and the growth prospects of the global SONAR systems market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of SONAR systems.
Technavio's report, Global SONAR Systems Market 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market.
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- North America
- Kongsberg Maritime
- Lockheed Martin
- Ultra Electronics
Other prominent vendors
- Altas Elektronik
- Edge Tech
- Neptune Sonar
- Northrop Grumman
- R-2 Sonic
- Sound Metrics
- Teledyne Reson
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Key questions answered in this report:-
- What will the market size be in 2019 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?
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