Middle East & Africa Sonar System Market Size & Outlook
The sonar system market in Middle East & Africa is expected to reach a projected revenue of US$ 507.3 million by 2030. A compound annual growth rate of 7.3% is expected of Middle East & Africa sonar system market from 2024 to 2030.
Revenue, 2023 (US$M)
$310.7
Forecast, 2030 (US$M)
$507.3
CAGR, 2024 - 2030
7.3%
Report Coverage
Middle East & Africa
MEA sonar system market highlights
- The MEA sonar system market generated a revenue of USD 310.7 million in 2023.
- The market is expected to grow at a CAGR of 7.3% 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.
MEA data book summary
| Market revenue in 2023 | USD 310.7 million |
| Market revenue in 2030 | USD 507.3 million |
| Growth rate | 7.3% (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, MEA region accounted for 7.5% 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 |
|---|---|---|---|---|
| Sonardyne International | View profile | 251-500 | Blackbushe, Hampshire, United Kingdom, Europe | http://sonardyne.com |
| ATLAS ELEKTRONIK | View profile | 1001-5000 | Bremen, Bremen, Germany, Europe | https://www.atlas-elektronik.com/atlas-elektronik/ |
| Raytheon Systems Ltd | View profile | - | Waltham, Massachusetts, United States, North America | https://www.raytheon.com/uk |
| Furuno Electric Co Ltd | View profile | 3356 | 9-52 Ashihara-cho, Hyogo Prefecture, Nishinomiya City, Japan | http://www.furuno.co.jp |
| Kongsberg Gruppen ASA | View profile | 13602 | Kirkegardsveien 45, Kongsberg, Norway, N-3616 | https://www.kongsberg.com |
| Teledyne Technologies Inc | View profile | 14900 | 1049 Camino Dos Rios, Thousand Oaks, CA, United States, 91360-2362 | https://www.teledyne.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Ultra Electronics Holdings | View profile | 1001-5000 | London, England, United Kingdom, Europe | https://www.ultra.group/ |
| Thales | View profile | 81000 | 4, rue de la Verrerie, Meudon, France, 92190 | https://www.thalesgroup.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
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