Airborne Sonar Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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.

Covid-19 effect on the market

The pandemic led a disturbance to the economy in various sectors and resulted in less revenue generation, sales and overall development. As the healthcare sector was booming the defense sector was not focused. The supply chain and manufacturing was lowered to stop the spread. The airborne sonar market is expected to grow in future as there is significant growth in demand for these devices.

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.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Airborne Sonar market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Airborne Sonar market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

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?

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