DUBLIN, July 27, 2021 /PRNewswire/ -- The "Global Towed Array Sonar Market Outlook 2028" report has been added to ResearchAndMarkets.com's offering.
In 2019, the market accounted for market value of about USD 363 million and is further estimated to garner significant revenue by growing at a CAGR of around 4% during the forecast period, i.e., 2020-2028.The global towed array sonar market is anticipated to grow in upcoming years owing to advancements in naval border security and growth in fishing and oil & gas industry.
In terms of market segmentation, the global towed array sonar market is segmented by type, acoustic frequency, component, by end-use, and by region.
Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in North America held leading share in 2019 and is estimated to grow at significant pace owing to rising military spending on R&D activities, and advancements in defense operations among others.
Moreover, the market is bifurcated by acoustic frequency into infrasonic and ultrasonic sonar, out of which, the ultrasonic sonar segment is estimated to witness highest growth throughout the forecast period owing to the growing usage of ultrasonic sonar systems in defense, commercial, and scientific applications.However, the negative impact of sonar technology on marine ecosystem might negatively affect the market growth. Some of the leading market players in the global towed array sonar market are
- Ultra Electronics
- Neptune Sonar Limited
- L3Harris Technologies Inc
- Mind Technology Inc.
- General Dynamics Mission Systems Inc.
- Teledyne Reson
- Raytheon Technologies Corporation
- Nisshinbo Holdings Inc.
- Lockheed Martin Corporation
- Sonardyne International Limited
- Thales Group
Key Topics Covered: 1. Market Definition and Research Methodology1.1. Market Definition1.2. Research Objective1.3. Research Methodology 2. Executive Summary 3. Market Dynamics3.1. Drivers3.2. Restraints3.3. Opportunities3.4. Trends 4. Industry Analysis4.1. Value Chain Analysis4.2. Impact of COVID-19 on the market 5. Global Towed Array Sonar Market5.1. Market Overview - Market Size (2019-2028)5.2. Market segmentation by:5.2.1. Type5.2.2. Acoustic Frequency5.2.3. Component5.2.4. End-Use Industry5.2.5. Region 6. North America Towed Array Sonar Market6.1. Market Overview - Market Size (2019-2028)6.2. Market segmentation by:6.2.1. Type6.2.2. Acoustic Frequency6.2.3. Component6.2.4. End-Use Industry6.2.5. Country 7. Europe Towed Array Sonar Market 8. Asia Pacific Towed Array Sonar Market 9. Latin America Towed Array Sonar Market 10. Middle East & Africa Towed Array Sonar Market 11. Competitive Landscape 12. Analyst ReviewFor more information about this report visit https://www.researchandmarkets.com/r/cssy66
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