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Sound Navigation and Ranging (SONAR) System Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR44585
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The global sound navigation and ranging system market share is expected to increase by USD 1.14 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.8%.

This global sound navigation and ranging system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers global sound navigation and ranging system market segmentations by application (defense and civil and commercial) and geography (APAC, North America, Europe, South America, and MEA). The global sound navigation and ranging system market report also offers information on several market vendors, including ASELSAN AS, Furuno Electric Co. Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Thales Group, thyssenkrupp AG, and Ultra Electronics Holdings Plc among others.

What will the Global Sound Navigation and Ranging System Market Size be During the Forecast Period?

Sound Navigation and Ranging (SONAR) System Market Size

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Global Sound Navigation and Ranging System Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing preference for deploying integrated sonar system is notably driving the global sound navigation and ranging system market growth, although factors such as challenges associated with the growing complexities in data management may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the global sound navigation and ranging system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Global Sound Navigation and Ranging System Market Driver

The growing preference for deploying integrated sonar systems is notably driving the global sound navigation and ranging system market growth. Owing to the increased deployment of underwater manned/unmanned platforms, naval agencies focus on deploying integrated SONAR systems as an (anti-submarine warfare) ASW measure. To diminish the dominance of enemy submerged vehicles, many countries have been studying the scope of introducing new ASW technologies or enhancing their existing resources with advanced SONAR systems. Ultra Electronics Holdings Plc (Ultra Electronics)has been advancing the capabilities of its advanced sonobuoy and acoustic processing technologies to meet the growing requirement for advanced ASW strategies. The company has been offering integrated SONAR systems to various naval agencies to help them augment and transform their conventional ASW mechanism. In the integrated SONAR system approach, receivers and transmitters can operate as a single system despite being a geographically dispersed network. They also help in transmitting data from a hydrophone array or sonobuoy sensor directly to the graphical displays of naval control rooms.

Key Global Sound Navigation and Ranging System Market Trend

Growing focus on improving marine transportation safety is the key trend driving the global sound navigation and ranging system market growth. Offshoring activities are increasing worldwide due to globalization. The sea has become the major trade route for countries. Many countries are trying to improve safety standards for navigation because of the increase in international trade activities. Maritime transport is the largest means of transport in global trade. However, maritime security has become a concern for most countries across the world, as maritime crimes are increasing. Criminal groups exploit the open spaces of the high seas. As most water surface is beyond the territory of any country, criminal activity is not subjected to the jurisdiction of a single country. Hence, criminal groups exploit the freedom of navigation. This results in a rise in transnational maritime crimes, which are expected to increase during the forecast period if not addressed properly.

Key Global Sound Navigation and Ranging System Market Challenge

The major challenge impeding the global sound navigation and ranging system market growth market growth is the challenges associated with the growing complexities in data management. Owing to the growing tensions among nations about conflicts on sea borders, activities related to artificial island building, territorial disputes, and illegal entry into countries via the sea route drive the need for highly advanced surveillance airborne platforms such as maritime patrol aircraft and maritime patrol rotorcraft. The change in defense strategies to defend a nation's peace and prosperity elevates the need for multi-mission patrol aircraft (MMA), which are equipped with data links, sonobuoys, SONAR transmitter/receivers, and radars. These radars dispense large sets of data every second, leading to complexities in data management. An aircraft that is integrated with advanced sensors may generate over 10 GB of data per second. This needs to be transmitted to the cloud-based server through a high-bandwidth network. Hence, it is paramount for defense authorities to adopt a superior connectivity platform and network services.

This global sound navigation and ranging system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global sound navigation and ranging (SONAR) system market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the global sound navigation and ranging system market during the forecast period.

Who are the Major Global Sound Navigation and Ranging System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ASELSAN AS
  • Furuno Electric Co. Ltd.
  • Kongsberg Gruppen ASA
  • L3Harris Technologies Inc.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • Raytheon Technologies Corp.
  • Thales Group
  • thyssenkrupp AG
  • Ultra Electronics Holdings Plc

 

This statistical study of the global sound navigation and ranging system market encompasses successful business strategies deployed by the key vendors. The global sound navigation and ranging system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ASELSAN AS - The company offers ASIST - Submarine Intercept Sonar System.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The global sound navigation and ranging system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Global Sound Navigation and Ranging System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the global sound navigation and ranging system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Global Sound Navigation and Ranging System Market?

Sound Navigation and Ranging (SONAR) System Market Market segmentation by region

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40% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the global sound navigation and ranging system market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing unrest in the maritime borders and increasing defense budgets in several countries of the region will facilitate the global sound navigation and ranging system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 is expected to affect the growth of the SONAR system market in APAC during the forecast period. Several countries in the region, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, are under partial or full lockdown, owing to the outbreak of COVID-19, which has limited the construction, transportation, and other activities. Also, the governments of various countries in the region tend to limit expenditure on the defense sector and invest in other essential sectors to overcome the economic crisis caused by COVID-19. This factor can negatively influence the growth of the regional market in focus during the forecast period.

What are the Revenue-generating Application Segments in the Global Sound Navigation and Ranging System Market?

Sound Navigation and Ranging (SONAR) System Market Segmentation

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The global sound navigation and ranging system market share growth by the passive SONAR segment will be significant during the forecast period. Passive SONAR can significantly detect and track submarines even at a considerable range of low frequencies. The increase in technological advances is also one of the major factors that propel the market growth during the forecast period. Passive SONAR provides a significant advantage for military vessels. It does not emit its own signal, thus preventing hostile groups from detecting vessels or submarines that release passive SONAR.

This report provides an accurate prediction of the contribution of all the segments to the growth of the global sound navigation and ranging system market size and actionable market insights on post COVID-19 impact on each segment.

 

Global Sound Navigation and Ranging System Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.8%

Market growth 2021-2025

$ 1.14 billion

Market structure

Fragmented

YoY growth (%)

6.36

Regional analysis

APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Russian Federation, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ASELSAN AS, Furuno Electric Co. Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Thales Group, thyssenkrupp AG, and Ultra Electronics Holdings Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Global Sound Navigation and Ranging System Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive global sound navigation and ranging system market growth during the next five years
  • Precise estimation of the global sound navigation and ranging system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the global sound navigation and ranging system industry across APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of global sound navigation and ranging system market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
  • 2.2 Market characteristics
    • Exhibit 02: Market characteristics
  • 2.3 Value chain analysis
    • Exhibit 03: Value chain analysis: Aerospace and defense market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Defense - Market size and forecast 2020-2025
      • Exhibit 17: Defense - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Defense - Year-over-year growth 2020-2025 (%)
    • 5.4 Civil and commercial - Market size and forecast 2020-2025
      • Exhibit 19: Civil and commercial - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Civil and commercial - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 21: Market opportunity by Application

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 22: Type - Market share 2020-2025 (%)
    • 6.2 Comparison by Type
      • Exhibit 23: Comparison by Type
    • 6.3 Passive SONAR - Market size and forecast 2020-2025
      • Exhibit 24: Passive SONAR - Market size and forecast 2020-2025 ($ million)
      • Exhibit 25: Passive SONAR - Year-over-year growth 2020-2025 (%)
    • 6.4 Active SONAR - Market size and forecast 2020-2025
      • Exhibit 26: Active SONAR - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Active SONAR - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 28: Market opportunity by Type

    7 Customer landscape

    • 7.1 Customer landscape
      • Exhibit 29: Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 30: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 31: Geographic comparison
    • 8.3 APAC - Market size and forecast 2020-2025
      • Exhibit 32: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: APAC - Year-over-year growth 2020-2025 (%)
    • 8.4 North America - Market size and forecast 2020-2025
      • Exhibit 34: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: North America - Year-over-year growth 2020-2025 (%)
    • 8.5 Europe - Market size and forecast 2020-2025
      • Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 38: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 40: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 42: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 43: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 44: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Vendor landscape
          • Exhibit 45: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 46: Landscape disruption
          • Exhibit 47: Industry risks

        11 Vendor Analysis

        • 11.1 Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 49: Market positioning of vendors
          • 11.3 ASELSAN AS
            • Exhibit 50: ASELSAN AS - Overview
            • Exhibit 51: ASELSAN AS - Business segments
            • Exhibit 52: ASELSAN AS - Key offerings
            • Exhibit 53: ASELSAN AS - Segment focus
          • 11.4 Furuno Electric Co. Ltd.
            • Exhibit 54: Furuno Electric Co. Ltd. - Overview
            • Exhibit 55: Furuno Electric Co. Ltd. - Business segments
            • Exhibit 56: Furuno Electric Co. Ltd. - Key news
            • Exhibit 57: Furuno Electric Co. Ltd. - Key offerings
            • Exhibit 58: Furuno Electric Co. Ltd. - Segment focus
          • 11.5 Kongsberg Gruppen ASA
            • Exhibit 59: Kongsberg Gruppen ASA - Overview
            • Exhibit 60: Kongsberg Gruppen ASA - Business segments
            • Exhibit 61: Kongsberg Gruppen ASA - Key news
            • Exhibit 62: Kongsberg Gruppen ASA - Key offerings
            • Exhibit 63: Kongsberg Gruppen ASA - Segment focus
          • 11.6 L3Harris Technologies Inc.
            • Exhibit 64: L3Harris Technologies Inc. - Overview
            • Exhibit 65: L3Harris Technologies Inc. - Business segments
            • Exhibit 66: L3Harris Technologies Inc. - Key news
            • Exhibit 67: L3Harris Technologies Inc. - Key offerings
            • Exhibit 68: L3Harris Technologies Inc. - Segment focus
          • 11.7 Lockheed Martin Corp.
            • Exhibit 69: Lockheed Martin Corp. - Overview
            • Exhibit 70: Lockheed Martin Corp. - Business segments
            • Exhibit 71: Lockheed Martin Corp - Key news
            • Exhibit 72: Lockheed Martin Corp. - Key offerings
            • Exhibit 73: Lockheed Martin Corp. - Segment focus
          • 11.8 Northrop Grumman Corp.
            • Exhibit 74: Northrop Grumman Corp. - Overview
            • Exhibit 75: Northrop Grumman Corp. - Business segments
            • Exhibit 76: Northrop Grumman Corp. - Key news
            • Exhibit 77: Northrop Grumman Corp. - Key offerings
            • Exhibit 78: Northrop Grumman Corp. - Segment focus
          • 11.9 Raytheon Technologies Corp.
            • Exhibit 79: Raytheon Technologies Corp. - Overview
            • Exhibit 80: Raytheon Technologies Corp. - Business segments
            • Exhibit 81: Raytheon Technologies Corp. - Key news
            • Exhibit 82: Raytheon Technologies Corp. - Key offerings
            • Exhibit 83: Raytheon Technologies Corp. - Segment focus
          • 11.10 Thales Group
            • Exhibit 84: Thales Group - Overview
            • Exhibit 85: Thales Group - Business segments
            • Exhibit 86: Thales Group - Key news
            • Exhibit 87: Thales Group - Key offerings
            • Exhibit 88: Thales Group - Segment focus
          • 11.11 thyssenkrupp AG
            • Exhibit 89: thyssenkrupp AG - Overview
            • Exhibit 90: thyssenkrupp AG - Business segments
            • Exhibit 91: thyssenkrupp AG - Key news
            • Exhibit 92: thyssenkrupp AG - Key offerings
            • Exhibit 93: thyssenkrupp AG - Segment focus
          • 11.12 Ultra Electronics Holdings Plc
            • Exhibit 94: Ultra Electronics Holdings Plc - Overview
            • Exhibit 95: Ultra Electronics Holdings Plc - Business segments
            • Exhibit 96: Ultra Electronics Holdings Plc - Key news
            • Exhibit 97: Ultra Electronics Holdings Plc - Key offerings
            • Exhibit 98: Ultra Electronics Holdings Plc - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 99: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 100: Research Methodology
              • Exhibit 101: Validation techniques employed for market sizing
              • Exhibit 102: Information sources
            • 12.4 List of abbreviations
              • Exhibit 103: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
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            Global sound navigation and ranging system market market growth will increase by $1.14 bn during 2021-2025.
            The global sound navigation and ranging system market market is expected to grow at a CAGR of 6.8% during 2021-2025.
            Technavio has segmented the global sound navigation and ranging system market market by application (defense and civil and commercial) ,geography (APAC, North America, Europe, South America, and MEA) , and geographic (APAC, North America, Europe, South America, and MEA).
            ASELSAN AS, Furuno Electric Co. Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Thales Group, thyssenkrupp AG, Ultra Electronics Holdings Plc are a few of the key vendors in the global sound navigation and ranging system market market.
            APAC will register the highest growth rate of 40% among the other regions. Therefore, the global sound navigation and ranging system market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the global sound navigation and ranging system market market growth are:
            • Growing preference for deploying integrated SONAR system
            • Advances in acoustic sensors and electromagnetic technologies
            The global sound navigation and ranging system market market vendors should focus on grabbing business opportunities from the defense segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Parent market analysis
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            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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