Global SONAR System Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the SONAR System Market.
Companies Mentioned are Kongsberg Maritime, Lockheed Martin, Raytheon, Thales, and Ultra-Electronics. Other Prominent Vendors in the market are: ASELSAN, ERAPSCO, Klein Marine Systems, L3 Ocean Systems, and Northrop Grumman.
The global SONAR System market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
This independent 72 page report guarantees you will remain better informed than your competition. With over 160 tables and figures examining the SONAR System market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of SONAR System in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.
The report provides a basic overview of the SONAR System industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the SONAR System industry development trends and marketing channels are analyzed.
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is growing investments in UUV and other undersea warfare capabilities. The defense strategies of most naval agencies across the globe rely significantly on the capabilities of undersea warfare. Stealth submarines and unmanned platforms have emerged as the most promising means of gathering intelligence data. Undersea warfare has also become an essential element of current and future military operational plans.”
According to the report, one of the major drivers for this market is growing preference for deploying integrated SONAR system. Owing to the increased deployment of underwater manned/unmanned platforms, naval agencies focus on deploying integrated sonar systems as an ASW measure. On that front, ASW is a branch of naval command that envisages the use of surface warships, aircraft, or both manned and unmanned submerged platforms to detect, track, deter, or destroy hostile enemy submarines.
Further, the report states that one of the major factors hindering the growth of this market is challenges associated with the growing complexities in data management. Owing to the growing tensions among nations about conflicts on sea borders, activities related to artificial island building, territorial disputes, and illegal entry into countries via the sea route drive the need for highly advanced surveillance airborne platforms such as maritime patrol aircraft and maritime patrol rotorcraft. The change in defense strategies to defend a nation’s peace and prosperity elevates the need for multi-mission patrol aircraft (MMA), which are equipped with data links, sonobuoys, sonar transmitter/receivers, and radars.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of SONAR System on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of SONAR System Market and assist manufacturers and investment organization to better grasp the development course of SONAR System Market.