UK Markets closed
  • NIKKEI 225

    27,346.88
    +19.77 (+0.07%)
     
  • HANG SENG

    22,072.18
    +229.85 (+1.05%)
     
  • CRUDE OIL

    77.06
    -1.81 (-2.29%)
     
  • GOLD FUTURES

    1,964.20
    +18.90 (+0.97%)
     
  • DOW

    34,313.28
    +227.24 (+0.67%)
     
  • BTC-GBP

    19,043.81
    +311.03 (+1.66%)
     
  • CMC Crypto 200

    536.17
    +293.50 (+120.94%)
     
  • Nasdaq

    11,900.11
    +315.56 (+2.72%)
     
  • ^FTAS

    4,252.85
    -2.87 (-0.07%)
     

Airborne Sonar Global Market Report 2022: Defense Sector Drives the Market

Company Logo
Company Logo

Dublin, Jan. 03, 2023 (GLOBE NEWSWIRE) -- The "Airborne Sonar Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030" report has been added to ResearchAndMarkets.com's offering.

The global airborne sonar market is expected to grow at a CAGR of 7% within the period of 2022-2030. There is significant rise in sonar technology over few years. High-resolution imaging, mapping of the ocean and its floor has been limited to less than 5% of the global waters due to technological restrictions. The aerial synthetic systems have provided to overcome the barrier by high resolution images of landscapes; however, they are unable to penetrate under water.

The airborne sonar market has a significant rise in application by naval forces from various regions to undertake marine activities, such as clearing the area by inspection, detecting the underwater environment and bodies. The airborne technology also has key application in commercial sector and scientific sector for conservation and research. There is a trend the market for the use of anti-submarine warfare (ASW) helicopter-borne by dipping sonar. Along with airborne there is increase in growth of sonobuoys and dipping sonars. The US naval forces are initiating efforts in research and innovation, error reduction, improving quality by use of technology.

Defense Sector Drives the Market

Navies around the world need to perform various marine activities ensuring accuracy and appropriate inventions. To inspect such activities, detect and track submarines, under water bodies' inspection, and so on. The air forces play a vital role in deployment of airborne sonar devices to carry out maritime activities. Detecting the submarines through aerial routes has more advantage over the other methods as it covers wide area for easy access and detection. There is wide application of these devices in war conditions by various regions. Various applications in scientific area consist of detection of temperature, dangerous threats of sea bed, under water inventions. The commercial area includes activities of findings of historical devices and monuments. The navies and air force are accounted for major applications of this technology across the globe. Such technologies are boon to the defence sector resulting in growth of navy and air force.

North America Dominates the Market

The technological advancement and innovation through airborne has developed across various regions. The North America, Europe, and Asia Pacific are the major driver of the airborne market. The U.S. navy has spentover $20.14 billion in 2020 on technology research and innovation. The North America is in lead for application of airborne technology. The Russia and Asia Pacific are the major regions for demand of this technology. The detection of under water bodies is mandatory as the technology is developing in carrying the nuclear weapons. The North Korea, Russia, China, India, United Kingdom, France, and United States are developing on large scale for use of such technology. The application of this technology includes various sector and wide range of application.

Key players

Key players in this market include Atlas ElektronikGmbh, BAE Systems, Kongsberg Gruppen, Lockheed Martin Corporation, Raytheon Inc, Northrop Grumman Corporation, Thales Group, Ultra Electronics, Teledyne, Sonardyne, Atlas Elektronik, Furuno.

Market Segmentation
Type

  • Sonobuoys

  • Dipping Sonars

  • Others

Application area

  • Defense Area

  • Scientific Area

  • Commercial Area

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Airborne Sonar market?

  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

  • Estimated forecast and market projections up to 2030.

  • Which segment accounts for the fastest CAGR during the forecast period?

  • Which market segment holds a larger market share and why?

  • Are low and middle-income economies investing in the Airborne Sonar market?

  • Which is the largest regional market for Airborne Sonar market?

  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

  • Which are the key trends driving Airborne Sonar market growth?

  • Who are the key competitors and what are their key strategies to enhance their market presence in the Airborne Sonar market worldwide?

Key Topics Covered:

1. Preface

2. Executive Summary

3. Airborne Sonar Market: Competitive Analysis

4. Airborne Sonar Market: Macro Analysis & Market Dynamics

5. Airborne Sonar Market: By Type ;, 2020-2030, USD (Million)

6. Airborne Sonar Market: By Application area, 2020-2030, USD (Million)

7. North America Airborne Sonar Market, 2020-2030, USD (Million)

8. UK and European Union Airborne Sonar Market, 2020-2030, USD (Million)

9. Asia Pacific Airborne Sonar Market, 2020-2030, USD (Million)

10. Latin America Airborne Sonar Market, 2020-2030, USD (Million)

11. Middle East and Africa Airborne Sonar Market, 2020-2030, USD (Million)

12. Company Profile

Companies Mentioned

  • Atlas ElektronikGmbh

  • BAE Systems

  • Kongsberg Gruppen

  • Lockheed Martin Corporation

  • Raytheon Inc

  • Northrop Grumman Corporation

  • Thales Group

  • Ultra Electronics

  • Teledyne

  • Sonardyne

  • Atlas Elektronik

  • Furuno.

For more information about this report visit https://www.researchandmarkets.com/r/m6w32p

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900