Stern Mounted Sonar System Market Key Players Analysis and Growth Forecast by 2031

MARKET INTRODUCTION

The global stern mounted sonar system market is experiencing a significant growth due to increasing demand for sonar systems in naval forces for anti-submarine capabilities. Stern-mounted sonar is the main underwater sensor of naval platforms, which detects submarines, unmanned underwater vehicles, diver delivery vehicles and mines with accurate localization. The stern is the back part of a ship, defined as the area built up over the sternpost, extending upwards from the counter rail of ship. Moreover, sternmounted sonar system is a compact integrated active as well as passive sonar system, specifically targeted for installation on small platforms such as anti-submarine warfare (AWS) corvettes, shallow water crafts, and patrol vessels.

MARKET DYNAMICS

Surge in maritime tourism activities, increase in demand for seaborne trade activities, and rise in adoption of autonomous ships are the factors that drive the global stern mounted sonar system market. However, marine life hazard due to sonar usage hinders the market growth. On the contrary, growing military naval fleets, research & development in sensor technology, and developments in artificial intelligence present new pathways in the industry.

MARKET SCOPE

The "Global Stern Mounted Sonar System Market Analysis to 2031" is a specialized and in-depth study of the Stern mounted sonar system market with a special focus on the global market trend analysis. The report aims to provide an overview of Stern mounted sonar system market with detailed market segmentation by platform, installation, operation, application, end user. The global Stern mounted sonar system market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Stern mounted sonar system market player and offers key trends and opportunities in the Stern mounted sonar system market.

MARKET SEGMENTATION

The global Stern mounted sonar system market is segmented on the basis of platform, installation, operation, application, end user. On the basis of platform, market is segmented as ship, airborne. On the basis of installation, market is segmented as unmanned underwater vehicle, vessel-mounted, towed, port. On the basis of operation, market is segmented as passive, active, dual. On the basis of application, market is segmented as commercial, defense. On the basis of end user, market is segmented as retrofit, line fit

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Stern mounted sonar system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Stern mounted sonar system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Stern mounted sonar system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors effecting the Stern mounted sonar system market in these regions.

MARKET PLAYERS

The reports cover key developments in the Stern mounted sonar system market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Stern mounted sonar system market are anticipated to lucrative growth opportunities in the future with the rising demand for Stern mounted sonar system market. Below mentioned is the list of few companies engaged in the Stern mounted sonar system market.

The report also includes the profiles of key Stern mounted sonar system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Ultra Electronics
  
•   Thales Group
  
•   DSIT Solutions Ltd
  
•   ASELSAN A.- .
  
•   Atlas Elektronik
  
•   Kongsberg Gruppen
  
•   Raytheon Technologies Corporation
  
•   L3 Technologies
  
•   Lockheed Martin
  
•   Navico.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Stern Mounted Sonar System Report Scope