Sonar System Market Trends

Sonar System Market size was valued at USD 6.14 Billion in 2023 and is poised to grow from USD 6.25 Billion in 2024 to USD 7.21 Billion by 2032, growing at a CAGR of 1.81% during the forecast period (2025-2032).

Major players of the global sonar systems market are large firms, some of which include Lockheed Martin, Raytheon Technologies, Thales Group, and Kongsberg Gruppen. The big firms rule the market as they hold the latest technology and have vast varieties of products for commercial, military, and research segments. The niche players along with new entrants in the market also contribute by their specialized yet not too costlier solutions. Continuous technical innovation, strategic alliances, and acquisitions to improve product capabilities and broaden market reach are some of the characteristics of the market.  'Northrop Grumman Corporation ', 'Aselsan A.S. ', 'Furuno Electric Co., Ltd ', 'Kongsberg Maritime ', 'Lockheed Martin ', 'Japan Radio Company ', 'L3Harris ', 'RTX Corporation ', 'Teledyne Technologies ', 'Thales Group ', 'Ultra Electronics ', 'Raymarine ', 'Coda Octopus Products Ltd. ', 'Hanwha Systems ', 'General Dynamics ', 'Geospectum Technologies ', 'Sonardyne ', 'Atlas Elektronik ', 'Navico ', 'DSIT Solutions Ltd. ', 'Edgetech ', 'Tritech ', 'Norbit ', 'Bharat Electronics Limited'

Rising geopolitical tensions and territorial disputes have heightened the need for robust maritime security. Countries are heavily investing in sonar systems to improve underwater threat detection and surveillance performance. This increasing emphasis on protecting naval assets and vital sea lanes directly fuels demand for advanced sonar technologies throughout the world. 

Integration with Autonomous Systems: The integration of sonar systems with unmanned surface vehicles and autonomous underwater vehicles is becoming popular. Using excellent underwater exploration and data collection technologies has possibilities for new opportunities in such fields as environmental monitoring, military research, and surveillance. In general, autonomous systems could improve their performance under harsh conditions while reducing human danger if their sonar capabilities have been enabled. 

By the year 2024, North America leads the overall global SONAR systems market, accounting for approximately 31.4% of the market share. This is growing due to high defense spending and technological advancements. It is primarily the US which continues to upgrade its SONAR systems in mine detection, underwater surveillance and anti-submarine warfare to continue their naval supremacy. It is the availability of the major defense contractors and advanced research institutions in North America, that facilitates the advancement in the SONAR technologies. The overall growth in the region's importance on protecting vital undersea infrastructure and preserving its maritime boundary will serve as a further driver for this demand in advanced SONAR devices.