Airborne Sonar Market to Grow at a CAGR of 7.0% from 2019-2029

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According to the latest report published by Acute Market Reports “Airborne Sonar Market” – Growth, Future Prospects, and Competitive Analysis, 2019-2029,” the airborne Sonar market is expected to expand at a CAGR of 7% from 2021 to 2029.

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 underwater. Submarine detection and monitoring was traditionally the exclusive domain of highly classified military units specializing in naval anti-submarine warfare (ASW). North Korea maintains one of the largest submarine fleets in the world, estimated at between 64 and 86 submarines. The fleet is comprised primarily of conventionally-armed submarines; however, satellite imagery analysis in recent years has uncovered North Korean efforts to build a class of diesel-electric SSBs and submarine-launched ballistic missiles (SLBMs). 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. Dipping sonars are a powerful tool for detecting, classifying, locating, tracking and attacking hostile submarines. They are quick to deploy and easy to project into remote theatres, providing an effective response to hostile threats.

The complete report is available at: https://www.acutemarketreports.com/report/airborne-sonar-market

Navies around the world need to perform various marine activities ensuring accuracy and appropriate inventions. To inspect such activities, detect and track submarines, underwater bodies’ inspection, and so on. To inspect such activities, detect and track submarines, underwater bodies’ inspection, and so on. 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. Commercial satellite imagery, SAR and hydroacoustic monitoring are just a few of many new tools that have transformed open-source analysis in the nonproliferation field. As the U.S., Russia, China, North Korea, India and Pakistan build up and modernize the sea-based leg of their nuclear arsenals, these tools will remain important to open-source assessments of their programs.

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. The key strategy implied by these companies is managing the business portfolio, market strategy, and product policy to develop industrial aspects and enhance revenues. The market is expected to develop as there is demand across various regions and the emerging naval technology to detect underwater bodies.

Key Market Movements:

  • Airborne Sonar market is developing significantly with an expected CAGR of 7% from 2021 – 2029.
  • Application of airborne in naval defense if the key growth factor for increase in demand
  • Airborne market has key application in defense sector for marine activities, commercial and scientific areas.
  • The pandemic led effect on the defense sector.
  • North America, Europe & Asia Pacific dominates the market in the regional analysis.
  • The market tends to grow as demand increases in period of social conditions in defense sector.
  • 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.
  • The key strategy implied by these companies is managing the business portfolio, market strategy and product policy to develop the economy, industrial aspects and trend of the market.

Airborne Sonar market is segmented into:

ATTRIBUTE DETAILS
Research Period  2019-2029
Base Year  2020
Forecast Period  2021-2029
Historical Year  2019
Unit  USD Million
Segmentation  Type  Segment (2019-2029; US$ Mn)
 Application area Segment (2019-2029; US$ Mn)
 Region type Segment (2019-2029; US$ Mn)
 Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

*Detailed segments are available on the report page

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