Dublin, December 24, 2020 (GLOBE NEWSWIRE) – Added report “SONAR Systems – Global Market Trajectory & Analytics” ResearchAndMarkets.com’s offering.
The publisher will bring years of research experience to the 7th edition of this report. The 269-page report provides accurate insights into how the pandemic has affected production and the purchasing side for 2020 and 2021. A gradual recovery in the short term is also addressed. .
SONAR Global Systems Market to reach $ 4.4 billion by 2027
Amid the COVID-19 crisis, the global market for SONAR Systems is expected to reach US $ 3.6 Billion in the year 2020, a revised volume of US $ 4.4 billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027.
Defense, one of the divisions examined in the report, is expected to record 3.1% CAGR and reach US $ 2.9 Billion by the end of the review period. Following an early study of the industrial impacts of the pandemic and the economic crisis it has caused, growth in the Commercial sector has read to a revised 2.4% CAGR for the next 7-years .
The US Market is estimated at $ 985.4 Million, while China is expected to grow at 5.3% CAGR
The SONAR Systems market in the US is estimated at US $ 985.4 Million in the year 2020. China, the second largest economy in the world, is expected to reach a projected market size of US $ 902.8 Million by the year 2027 slows a CAGR of 5.3% over the analysis period 2020 to 2027. Other geographic markets include Japan and Canada, all expected to grow at 0.7% and 2.1% respectively over the year. period 2020-2027. Within Europe, Germany is expected to grow at around 1.3% CAGR.
Competitors identified in this market include, but are not limited to:
- Aselsan AS
- Atlas Elektronik GmbH
- ERAPSCO
- Klein Marine Systems, Inc.
- Kongsberg Maritime AS
- L3 basin systems
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Thales Group
Key topics covered:
I. INTRODUCTION, METHODOLOGY & RANGE OF REPORT
II. SUMMARY
1. OVERVIEW
- Global competitive market shares
- Worldwide SONAR System Competition Market Share Position (in%): 2019 & 2025
- Covid-19 impact and global economic downturn
2. A WORD ON SELECT PLANS
3. MARKET RESULTS & DIFFERENCES
4. GLOBAL MARKET VIEW
III. MARKET ANALYSIS
IV. TABLE
- Total Companies Profile: 38
For more information about this report, visit https://www.researchandmarkets.com/r/cee9kr
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