DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/hd8wk2/sonar_systems_and) has announced the addition of the "SONAR Systems and Technology Market by Type, By Application ,System Type, and Geography - Forecasts & Analysis 2014 - 2020" report to their offering.
The SONAR systems and technology market is estimated to be at $3.41 billion in 2014 and is expected to register a CAGR of 6.22% to reach $4.90 billion by 2020. The report provides key statistics for the forecast period. The research report provides in-depth insights with regards to the SONAR systems and technology market.
This report contains profiles of leading players involved in this market such as Ultra Electronics (GREENFORD, U.K.), Thales Underwater Systems Ltd. (U.K.), and Kongsberg Maritime (Norway). The report takes into account a wide range of factors and its influence on market dynamics. Increasing investments in R&D, coupled with an information flow for requirement analysis will help the market move at a steady pace. The report provides market analytics for more than 12 countries that are mapped in the report. One of the key strategies adopted by key players in this market is the technology innovation. This strategy helped them upgrade products, which helped them garner a competitive market share. Apart from this, detailed analysis of SONAR software and components has been conducted in order to provide better insights of the on-going trends in these sectors.
This report will help the stakeholders in this market unlock the business potential and identify the lucrative investment opportunities that the SONAR systems and technology market has to offer. The bottom line is that this report extrapolates key statistics in this market.
This SONAR systems and technology market report offers market analysis of the SONAR systems and technology market for the next six years.
It contains an analysis of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends currently prevailing in the SONAR systems and technology market. It describes the market size of the SONAR systems and technology market during the next six years, and covers the market share of different sub-sectors for each region.
- The SONAR systems and technology market size is expected to grow during the forecast period
- Synthetic Aperture Sonar (SAS) Market has the highest business potential throughout the study period
- Passive SONAR is expected to be the maximum revenue generator among the different types of SONARs
- Enhancement in anti-submarine warfare techniques and advancement in digital signal processing are expected to be the major market drivers
- Thales and Ultra Electronics are the market leaders in the SONAR systems and technology market, holding approximately 40% of the market share
On the basis of Types
- Active SONAR
- Passive SONAR
On the basis of Application
On the basis of System Types
- Single beam scanning SONAR
- Multi-beam SONAR
- Side scan SONAR
- Synthetic Aperture SONAR
- Diver Detection SONAR
For more information visit http://www.researchandmarkets.com/research/hd8wk2/sonar_systems_and