IMARC Group provides an analysis of the key trends in each sub-segment of the global sonar systems market, along with forecasts at the global and regional level from 2021-2026. In addition, consistent enhancements in the arena of autonomous underwater vehicles and rising demand for unmanned underwater vehicles (UUVs) for commercial exploration of oil and gas are also anticipated to bolster the growth of the market. In line with this, advanced systems are being developed, such as synthetic aperture sonar (SAS) which produces higher resolution images. Moreover, the growing applications of sonar systems in preventive defence processes and anti-submarine warfare (ASW) have boosted their demand across the globe. On account of the rising number of terrorist attacks, governments across the globe are increasing their defence budgets for building warships and deploying nuclear submarines as a part of their military strategies. Nowadays, sonar systems are widely used for fishing, hydrography, oil exploration, marine observation and nautical charting activities. Active sonar systems emit acoustic waves into the water and listen to their echoes underwater, whereas, passive sonars do not generate their own signals and listen to the sounds produced by other vessels. Sonar systems are generally divided into passive and active sonar. The sound waves are reflected from the objects and are detected by sonar systems which analyse the information contained in them. Sound navigation and ranging (SONAR) refers to a technique which employs sound waves for navigating, communicating, and detecting lost or hazardous objects. These insights are included in the report as a major market contributor. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.2% during 2021-2026.
The global sonar systems market reached a value of US$ 3.74 Billion in 2020.
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