SONAR Systems and Technology Market by Type, By Application ,System Type, and Geography... -- DUBLIN

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DUBLIN, Feb .10, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/pgrjtv/sonar_systems_and) has announced the addition of the "SONAR Systems and Technology Market by Type, By Application ,System Type, and Geography - Forecasts & Analysis 2014 - 2020" report to their offering.

The SONAR systems and technology market is estimated to be at $2.09 Billion in 2014 and is expected to register a CAGR of 6.84% to reach $3.12 Billion by 2020. The report segments the SONAR systems and technology market on the basis of type, application, system type, and geographies. It also discusses about the SONAR components and software that constitute the whole SONAR system. Further, it contains revenue forecast and technological trends that are predominant in this market. It is estimated that the SONAR systems and technology market would be valued at $3.41 billion in 2014; North America will have the largest market with 38.78% share, followed by Europe with 31.10%, and APAC with 16.44%. Major players in SONAR systems and technology market include Ultra Electronics (GREENFORD, U.K.), Thales Underwater Systems Ltd. (U.K.), Kongsberg Maritime (Norway), General Dynamics Canada (Ottawa, Canada), Lockheed Martin(U.S.), and Raytheon (Waltham, U.S.). Evidence of the military prioritization on sonar systems can be seen in the high levels of investment into this technology by the world's navies through last year and into 2014. The continuous innovation in syntheti....

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