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The global sonar system market size was valued at USD 2.77 billion in 2019 and is projected to reach USD 3.60 billion by 2027, exhibiting a CAGR of 7.17% during the forecast period (2020-2027).
Sound navigation and ranging (SONAR) is a technologically advanced technique utilizing sound propagation to communicate and navigate with objects located under the water. Growing naval vessel procurement and upgradation activities, and increasing commercial ship deliveries across the globe are anticipated to boost the market during the forecast period. Diver detection sonar systems, synthetic aperture sonar, surveillance network sonar, and twin inverted pulse sonar are the current technological trends that are popular in the market.
The factor expected to drive the market is an increase in the number of sonar programs for anti-submarine warfare techniques. Moreover, the rising demand for sonobuoy for tactical defense operations is anticipated to boost the market. The growing need for cost-effective products for anti-submarine warfare is an opportunity for the market. However, side-effects of sonar on marine life are hampering the market growth. For instance, in May 2017, The Raytheon Company and the U.S. Navy has been awarded a contract with a valuation of USD 28 million to provide the new variable depth sonar for the littoral combat ship class.
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Rise in Procurement of 3D Sonar for Seabed Imaging and Charting
The 3D sonar is a technologically advanced acoustic imaging device. It is majorly used to provide wide-area, high-resolution pictures of the seabed. It is a multi-beam echo-sounders technology used to an understanding of and seabed processes, the marine habitats, and aggregate resources that are located inside the sea. The real-time inspection, 3d scanning, wide-band operating frequency, dynamically steered transmit beams, and moveable camera viewpoint are the main features of 3D sonar. The 3D Sonar technology are highly adopted in the offshore oil industry, gas applications, and harbor security markets. Therefore rise in the procurement of 3D sonar for seabed imaging and charting are propelling the SONAR system market growth.
Increasing Adoption of Synthetic Aperture Product in the Naval Vessels
Synthetic aperture sonar is transforming underwater imaging and applied signal technology. It has been a combination of sonar electronics, an inertial navigation system, a sonar data recorder, and a doppler velocity log system. The combination of these techniques is majorly used in the offshore industry for detailed surveys, imaging, and charting of the seafloor, pipeline survey and inspection. This technology provides a high-resolution seabed survey, fully integrated high-accuracy navigation system, and data replay with zoom capability.
Rising Demand for Sonobuoy for Tactical Defense Operations
A sonobuoy is an advanced sonar system that is dropped/ejected from naval ships for underwater acoustic research. Sonobuoys are expandable products which has advanced transducer and a radio transmitter to record and transmit underwater sounds. The sonobuoys products are classified as passive, active, and special purpose buoys. The passive sonobuoys consist of a hydrophone used to listen for sound energy from a target, whereas, the active sonobuoys use a transducer to transmit an acoustic signal and used to capture the return echo off an object. The special-purpose sonobuoys are used to provide additional information about the environment, such as wave height as well as water temperature. The sonobuoy are majorly used in the defense vessels for tactical defense operation. The increasing adoption of sonobuoy in the defense vessels are anticipated to boost this market.
Growing Product Use in the Aquaculture Farms Refuels the Market Growth
The deep neural network is used in the sonar system for fish monitoring. Fish monitoring in aquaculture farms is anticipated for the growth of fish resources. However, it is difficult to expect humans to be able to monitor at night when conventional optical cameras are unable to capture the image. The deep neural network sonar consists of high-precision imaging sonar and an underwater optical camera. These products can capture images by using a technologically advanced underwater optical camera. This system enables nighttime monitoring and help to build more efficient fish farming. The increasing demand for the product in the aquaculture farms is propelling the market.
North America SONAR System Market Size, 2016-2027 (USD billion)
High Development Cost of the Product, as well as COVID-19 Effect, Restrict the Market Growth
High development cost associated with building this system is a prime factor hampering the sonar market growth. These products consist of a highly expensive sonar electronics, inertial navigation system, sonar data recorder, and doppler velocity log system. The high maintenance cost of the product and the cost of installation are acting as a restrain to the market.
In the financial year of 2019-2020, due to the coronavirus (COVID-19) effect, naval shipbuilding companies across the globe are facing major supply issues, and this effect will continue to have a negative impact on the naval industry. The direct effect of COVID-19 effect on the naval industry is slow down the production of naval ships, and it will affect the expected delivery of several commercial vessels and defense vessels. The sonar is an essential system of a naval vessels. The production delay of naval vessel also affecting on the production. The major key players located in the Asia Pacific and Europe were halt their production since the period of Jan 2020. The halt of production is due to the lockdown rules & regulations implemented by several governments across the globe. Therefore COVID-19 Effect is a major factor to restrict the market growth.
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Increasing Focus of Defense Forces to improve their Anti-submarine Warfare Capabilities is Refueling the Market Growth
Based on product type, the market is classified into hull-mounted, stern-mounted, sonobuoy, and driver detection system (DDS). The hull-mounted segment consists of forward-looking sonar, omni-directional sonar, and echo sounders. The hull-mounted segment is predicted to hold the largest market share during the forecast period. This growth is attributed to the increasing demand of forward-looking sonar in the defense vessel. The forward-looking sonar is used for vessel traffic management service to increase the efficiency of naval vessels. Increasing international seaborne trade is fueling the demand for commercial ships, which are equipped with omni-directional sonar and echo sounders.
The stern-mounted segment includes variable depth sonar and towed array sonar. Increasing focus of defense forces across the globe to improve their ASW capabilities is boosting the demand for variable depth sonars. Increasing focus on surveillance & reconnaissance activities is increasing the demand for towed array sonar systems. Sonobuoy and diver detection sonar is used to increase the efficiency of the navy against submarine attack threats.
Defense segment to lead the market with a significant share
By application, the market is classified into commercial and defense. The commercial segment consists of several applications, such as fisheries, hydrography, and navigation. The commercial segment is predicted to have the fastest growth during the forecast period. This growth is attributed to the increasing demand for fish chirp sonars, increasing oil & gas survey, hydrographic surveys, and increasing overall ship delivery and retrofitting operations.
The defense segment is predicted to hold the largest market share during the forecast period. This growth is attributed to the increasing use of these systems for port security, mine detection, and countermeasure operations. Furthermore, increasing world maritime traffic is affecting the demand for search and rescue operations, which is directly increasing the demand for search and rescue vessels.
High Product Demand in the Ship Type Segment Drive the Market
Based on the platform, the market segments include ship type and airborne. The ship type segment consists of the commercial ship and defense ships. The ship type segment is predicted to hold the largest SONAR system market share during the forecast period. This growth is attributed to the increasing requirement of this system on a bulk carrier, gas tanker, passenger cruise, dry cargo, research vessels, aircraft carriers, amphibious ships, and destroyers. Sonobuoys and dipping sonars are majorly used in the airborne segment. Early detection of opponents submarines for the prevention of attacks and loss of resources driving demand for sonobuoys. Advantages over hull based sonars are projected to drive the demand for expandable dipping sonars in anti-submarine warfare systems.
Increasing Product Use in the Naval Vessels to Aid the Growth of the Market
Based on the solution, the market segments include hardware and software. The hardware segment consists of displays, control units, data storage devices, sensors, alarms, and others. The hardware segment is expected to hold the largest market share during the forecast timeline. Its growth is attributed to the increasing use of the product on defense vessels as well as commercial vessels. Increasing demand for ships from the Asia Pacific region is projected to drive the market for hardware. Moreover, an increase in demand for advanced multifunctional sonar software is projected to drive the market.
Rise in the Upgradation of Connected Systems for Older Naval Vessels to Support the Growth of Retrofit Segment
By end-user, the market is segmented into line fit and retrofit. The line-fit segment is expected to register the fastest growth during the forecast period. This growth is attributed to the increasing demand for naval ships equipped with an advanced sonar system. The retrofit segment is projected to register the largest market share during the forecast period. This growth is attributed to the focus on up-gradation of connected systems for older naval vessels.
North America SONAR System Market Size, 2019 (USD Billion)
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The market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America region is anticipated to be the largest market during the forecast period. This growth is attributed to an increase in naval shipbuilding in the U.S. Furthermore, the development of the indigenous marine industry in Canada is projected to boost the market.
Asia Pacific is expected to show significant growth during the forecast period. This growth is attributed to an increase in naval spending and a rise in domestic ship production in China and South Korea. Upgradation of old ships with new systems in India are expected to fuel the market. Increasing the delivery of commercial ships in Japan, and the integration of automation to ship systems by various shipbuilding players located in South Korea is helping to propel the market growth.
Europe is expected to be the fastest-growing region during the forecast period. In Europe, the major key player are retrofitting the autonomous technologies in vessels, and an introduction of advanced threat detection and identification technologies in naval ships are projected to boost the market. In the U.K., increasing investment in the up-gradation of marine systems are expected to propel the market. Upgradation of ship equipment in Germany and France expected to drive the market. The Rest of the World will register remarkable growth in the market during the forecast period. This growth is owing to the rise in maritime trade and ship overhauling in Latin America and Middle East & Africa.
Research & Development Activity Implemented by Key Market Players Are Propelling the Market Growth
Diver detection sonar systems, surveillance network sonar, chirp technology, and dual-axis sonar (DAS) are the upcoming trends in the market. A diversified product portfolio coupled with research & development activity is the prominent factor responsible for the dominance of these key market players.
Teledyne Technologies Incorporated offers 2D and 3D Sonars, acoustic modems, and data visualization /charting software. This technology is designed to suit all possible sound navigation configurations for naval vessels.
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The sonar system market research report offers qualitative and quantitative insights for this market. It offers a detailed analysis of the market size & growth rate for all possible segments in the market. Along with this, the report provides an elaborative analysis of dynamics, emerging trends, and competitive landscape in the market.
Key insights offered in the report are the ongoing trends in individual segments, recent industry developments such as mergers & acquisitions, partnerships, consolidated SWOT analysis of key players, Porter’s five forces analysis, business strategies of leading players who dominated the market, macro and micro-economic indicators, and key industry trends.
An Infographic Representation of Sonar System Market
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Value (USD Billion)
By Product Type
Fortune Business Insights says that the SONAR system market value stood at USD 2.77 billion in 2019 and is projected to reach USD 3.60 billion by 2027.
Growing at a CAGR of 7.17%, the market will exhibit steady growth in the forecast period (2020-2027).
In 2019, the market value stood at USD 0.88 billion.
The hull-mounted segment is estimated to be the leading segment in this market during the forecast period.
Rising demand for sonobuoy for tactical defense operations is the key factor driving the market.
Lockheed Martin Corporation, Raytheon Technologies Corporation, and Kongsberg Gruppen are some of the leading OEMs in the market.
North America is projected to be the largest shareholder in this market.
Diver detection systems of sonar, surveillance network sonar, chirp technology, and dual-axis sonar (DAS) are the new trends in this market.
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