Marine Sonar Systems Market
Marine Sonar Systems Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Marine Sonar Systems Market Size and Growth
The Marine Sonar Systems market is experiencing significant growth, driven by increasing demand for underwater exploration and surveillance. The current market size is estimated at $1.2 billion, with a projected CAGR of 7% through 2028. Key drivers include advancements in technology and rising investments in maritime security and research initiatives.
Companies Covered
(Covid 19 Impact Covered)
◍ Thales Underwater Systems Ltd
◍ Ultra Electronics
◍ Northrop Grumman
◍ Atlas Elecktronik
◍ Lockheed Martin
◍ Raytheon
◍ Exelis
◍ Kongsberg Mesotech
◍ Sonardyne
◍ L-3 Klein Associates
◍ Furuno
◍ Teledyne
◍ DSME
◍ Edge Tech
◍ Haiying-Cal
◍ HITARGET
The Marine Sonar Systems Market is competitive, featuring companies like Thales Underwater Systems, Ultra Electronics, and Lockheed Martin. These firms develop advanced sonar technologies for defense, commercial, and research applications, driving innovation and increasing demand. Key revenue examples include:
- Thales: €19 billion (overall revenue)
- Northrop Grumman: $36.8 billion
- Raytheon: $42 billion
- Kongsberg: $3.2 billion Request Sample Report
Market Segmentation
By Application
◍ Commercial Application
◍ Scientific Application
◍ Military Application
◍ Other
By Product
◍ Single beam Scanning Sonar System
◍ Multi-beam Sonar System
◍ Side Scan Sonar System
◍ Others
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Market Growth
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$ X Billion USD
