Global Sonar System Market Size & Outlook, 2023-2030
The sonar system industry worldwide is expected to reach a projected revenue of US$ 6,437.8 million by 2030. A compound annual growth rate of 6.4% is expected of the worldwide sonar system industry from 2024 to 2030.
Revenue, 2023 (US$M)
$4,162.6
Forecast, 2030 (US$M)
$6,437.8
CAGR, 2024 - 2030
6.4%
Report Coverage
Worldwide
Global sonar system market, 2018-2030 (US$M)
Global sonar system market highlights
- The global sonar system market generated a revenue of USD 4,162.6 million in 2023 and is expected to reach USD 6,437.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.4% by 2030.
- In terms of segment, hull-mounted accounted for a revenue of USD 4,162.6 million in 2023.
- Hull-Mounted is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 4,162.6 million |
| Market revenue in 2030 | USD 6,437.8 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Hull-mounted |
| Fastest growing segment | Hull-Mounted |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hull-Mounted |
Other key industry trends
- In terms of revenue, the North America accounted for 31.4% of the global sonar system market in 2023.
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SONAR System Market Scope
Sonar system market segmentation & scope
Platform
Ship Type
Airborne
Application
Defense
Commercial
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
SONAR System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global sonar system market size, by regions, 2018-2030 (US$M)
Related regional statistics
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