Europe Sonar System Market Size & Outlook, 2023-2030
The sonar system market in Europe is expected to reach a projected revenue of US$ 1,543.1 million by 2030. A compound annual growth rate of 5.7% is expected of Europe sonar system market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,046.9
Forecast, 2030 (US$M)
$1,543.1
CAGR, 2024 - 2030
5.7%
Report Coverage
Europe
Europe sonar system market, 2018-2030 (US$M)
Europe sonar system market highlights
- The Europe sonar system market generated a revenue of USD 1,046.9 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, hull-mounted was the largest revenue generating product in 2023.
- Hull-Mounted is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 1,046.9 million |
| Market revenue in 2030 | USD 1,543.1 million |
| Growth rate | 5.7% (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, Europe region accounted for 25.1% of the global sonar system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,047.2 million by 2030.
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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 |
|---|
Europe sonar system market
Related regional statistics
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