Mine Hunting Sonar Market Scope and Size by 2031
The mine hunting sonar is a technology used to countermeasure the mine deployed in the sea by ships. Mine hinting sonars detect the floating mines, moored mines, bottom mines, and other objects ahead and present in the sea bottom. The technology is majorly adopted by the submarines, while other combat ships are also utilizing the technology to adapt and prepare for new mine warfare technology. The increasing demand for advanced technology detecting the in-depth bottom mines has propelled the market growth.
MARKET DYNAMICS
Mine hunting sonar has major demand from submarine manufacturers to enhance the naval warfare systems ad prevent the sub from mines attack. Technological advancement has brought new features or developments in the solution such as electro-optics identification capability for high-definition images of bottom mines. Further, increasing focus on autonomous minehunting systems development is creating lucrative growth opportunities for the market. The market players such as Raytheon Technologies, Thales Group, and ARMELSAN are offering innovative solutions for the customers, which is bolstering the market growth.
MARKET SCOPE
The "Global Mine Hunting Sonar Market Analysis To 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The mine hunting sonar market report aims to provide an overview of the mine hunting sonar market with detailed market segmentation by operational modes, application, and geography. The global mine hunting sonar market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mine hunting sonar market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mine hunting sonar market is segmented on the basis of operational modes and application. Based on operational modes, the mine hunting sonar market is segmented into single pass shallow mode, single pass deep mode, volume mine mode, and identification mode. On the basis of application, the mine hunting sonar market is segmented into: bottom mines, moored mines, floating mines, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mine hunting sonar market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The mine hunting sonar market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mine hunting sonar market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the mine hunting sonar market in these regions.
IMPACT OF COVID-19 ON Mine Hunting Sonar MARKET
The outbreak of the COVID-19 has severely impacted the Naval, defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe has lowered the revenue of marine industry. However, it has minimal impact on the defense naval sector as very few countries has lowered the defense budget. As there is low impact in the defense sector the demand for mine hunting sonar remained stable during COVID - 19 period. However, certain disruption in the supply chain has been experienced by the market, but it's started to regain the momentum post lockdown and ease on travel restrictions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mine hunting sonar market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The mine hunting sonar market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mine hunting sonar market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the mine hunting sonar market in these regions.
IMPACT OF COVID-19 ON Mine Hunting Sonar MARKET
The outbreak of the COVID-19 has severely impacted the Naval, defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe has lowered the revenue of marine industry. However, it has minimal impact on the defense naval sector as very few countries has lowered the defense budget. As there is low impact in the defense sector the demand for mine hunting sonar remained stable during COVID - 19 period. However, certain disruption in the supply chain has been experienced by the market, but it's started to regain the momentum post lockdown and ease on travel restrictions.
MARKET PLAYERS
The reports cover key developments in the mine hunting sonar market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from mine hunting sonar market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the underwriting and rating software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the underwriting and rating software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ARMELSAN
- ATLAS ELEKTRONIK GmbH
- Cirrus
- Kongsberg Maritime
- Kraken Robotics
- Northrop Grumman.
- Raytheon Technologies
- Sonardyne
- Thales Group
- BAE Systems
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Mine Hunting Sonar Market - By Operational Modes
1.3.2Mine Hunting Sonar Market - By Application
1.3.3Mine Hunting Sonar Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.MINE HUNTING SONAR MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.MINE HUNTING SONAR MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.MINE HUNTING SONAR MARKET - GLOBAL MARKET ANALYSIS
6.1.MINE HUNTING SONAR - GLOBAL MARKET OVERVIEW
6.2.MINE HUNTING SONAR - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.MINE HUNTING SONAR MARKET - REVENUE AND FORECASTS TO 2028 â OPERATIONAL MODES
7.1.OVERVIEW
7.2.OPERATIONAL MODES MARKET FORECASTS AND ANALYSIS
7.3.SINGLE PASS SHALLOW MODE
7.3.1.Overview
7.3.2.Single Pass Shallow Mode Market Forecast and Analysis
7.4.SINGLE PASS DEEP MODE
7.4.1.Overview
7.4.2.Single Pass Deep Mode Market Forecast and Analysis
7.5.VOLUME MINE MODE
7.5.1.Overview
7.5.2.Volume Mine Mode Market Forecast and Analysis
7.6.IDENTIFICATION MODE
7.6.1.Overview
7.6.2.Identification Mode Market Forecast and Analysis
8.MINE HUNTING SONAR MARKET - REVENUE AND FORECASTS TO 2028 â APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.BOTTOM MINES
8.3.1.Overview
8.3.2.Bottom Mines Market Forecast and Analysis
8.4.MOORED MINES
8.4.1.Overview
8.4.2.Moored Mines Market Forecast and Analysis
8.5.FLOATING MINES
8.5.1.Overview
8.5.2.Floating Mines Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.MINE HUNTING SONAR MARKET REVENUE AND FORECASTS TO 2028 â GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Mine Hunting Sonar Market Overview
9.1.2North America Mine Hunting Sonar Market Forecasts and Analysis
9.1.3North America Mine Hunting Sonar Market Forecasts and Analysis - By Operational Modes
9.1.4North America Mine Hunting Sonar Market Forecasts and Analysis - By Application
9.1.5North America Mine Hunting Sonar Market Forecasts and Analysis - By Countries
9.1.5.1United States Mine Hunting Sonar Market
9.1.5.1.1United States Mine Hunting Sonar Market by Operational Modes
9.1.5.1.2United States Mine Hunting Sonar Market by Application
9.1.5.2Canada Mine Hunting Sonar Market
9.1.5.2.1Canada Mine Hunting Sonar Market by Operational Modes
9.1.5.2.2Canada Mine Hunting Sonar Market by Application
9.1.5.3Mexico Mine Hunting Sonar Market
9.1.5.3.1Mexico Mine Hunting Sonar Market by Operational Modes
9.1.5.3.2Mexico Mine Hunting Sonar Market by Application
9.2.EUROPE
9.2.1Europe Mine Hunting Sonar Market Overview
9.2.2Europe Mine Hunting Sonar Market Forecasts and Analysis
9.2.3Europe Mine Hunting Sonar Market Forecasts and Analysis - By Operational Modes
9.2.4Europe Mine Hunting Sonar Market Forecasts and Analysis - By Application
9.2.5Europe Mine Hunting Sonar Market Forecasts and Analysis - By Countries
9.2.5.1Germany Mine Hunting Sonar Market
9.2.5.1.1Germany Mine Hunting Sonar Market by Operational Modes
9.2.5.1.2Germany Mine Hunting Sonar Market by Application
9.2.5.2France Mine Hunting Sonar Market
9.2.5.2.1France Mine Hunting Sonar Market by Operational Modes
9.2.5.2.2France Mine Hunting Sonar Market by Application
9.2.5.3Italy Mine Hunting Sonar Market
9.2.5.3.1Italy Mine Hunting Sonar Market by Operational Modes
9.2.5.3.2Italy Mine Hunting Sonar Market by Application
9.2.5.4United Kingdom Mine Hunting Sonar Market
9.2.5.4.1United Kingdom Mine Hunting Sonar Market by Operational Modes
9.2.5.4.2United Kingdom Mine Hunting Sonar Market by Application
9.2.5.5Russia Mine Hunting Sonar Market
9.2.5.5.1Russia Mine Hunting Sonar Market by Operational Modes
9.2.5.5.2Russia Mine Hunting Sonar Market by Application
9.2.5.6Rest of Europe Mine Hunting Sonar Market
9.2.5.6.1Rest of Europe Mine Hunting Sonar Market by Operational Modes
9.2.5.6.2Rest of Europe Mine Hunting Sonar Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Mine Hunting Sonar Market Overview
9.3.2Asia-Pacific Mine Hunting Sonar Market Forecasts and Analysis
9.3.3Asia-Pacific Mine Hunting Sonar Market Forecasts and Analysis - By Operational Modes
9.3.4Asia-Pacific Mine Hunting Sonar Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Mine Hunting Sonar Market Forecasts and Analysis - By Countries
9.3.5.1Australia Mine Hunting Sonar Market
9.3.5.1.1Australia Mine Hunting Sonar Market by Operational Modes
9.3.5.1.2Australia Mine Hunting Sonar Market by Application
9.3.5.2China Mine Hunting Sonar Market
9.3.5.2.1China Mine Hunting Sonar Market by Operational Modes
9.3.5.2.2China Mine Hunting Sonar Market by Application
9.3.5.3India Mine Hunting Sonar Market
9.3.5.3.1India Mine Hunting Sonar Market by Operational Modes
9.3.5.3.2India Mine Hunting Sonar Market by Application
9.3.5.4Japan Mine Hunting Sonar Market
9.3.5.4.1Japan Mine Hunting Sonar Market by Operational Modes
9.3.5.4.2Japan Mine Hunting Sonar Market by Application
9.3.5.5South Korea Mine Hunting Sonar Market
9.3.5.5.1South Korea Mine Hunting Sonar Market by Operational Modes
9.3.5.5.2South Korea Mine Hunting Sonar Market by Application
9.3.5.6Rest of Asia-Pacific Mine Hunting Sonar Market
9.3.5.6.1Rest of Asia-Pacific Mine Hunting Sonar Market by Operational Modes
9.3.5.6.2Rest of Asia-Pacific Mine Hunting Sonar Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Mine Hunting Sonar Market Overview
9.4.2Middle East and Africa Mine Hunting Sonar Market Forecasts and Analysis
9.4.3Middle East and Africa Mine Hunting Sonar Market Forecasts and Analysis - By Operational Modes
9.4.4Middle East and Africa Mine Hunting Sonar Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Mine Hunting Sonar Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Mine Hunting Sonar Market
9.4.5.1.1South Africa Mine Hunting Sonar Market by Operational Modes
9.4.5.1.2South Africa Mine Hunting Sonar Market by Application
9.4.5.2Saudi Arabia Mine Hunting Sonar Market
9.4.5.2.1Saudi Arabia Mine Hunting Sonar Market by Operational Modes
9.4.5.2.2Saudi Arabia Mine Hunting Sonar Market by Application
9.4.5.3U.A.E Mine Hunting Sonar Market
9.4.5.3.1U.A.E Mine Hunting Sonar Market by Operational Modes
9.4.5.3.2U.A.E Mine Hunting Sonar Market by Application
9.4.5.4Rest of Middle East and Africa Mine Hunting Sonar Market
9.4.5.4.1Rest of Middle East and Africa Mine Hunting Sonar Market by Operational Modes
9.4.5.4.2Rest of Middle East and Africa Mine Hunting Sonar Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Mine Hunting Sonar Market Overview
9.5.2South and Central America Mine Hunting Sonar Market Forecasts and Analysis
9.5.3South and Central America Mine Hunting Sonar Market Forecasts and Analysis - By Operational Modes
9.5.4South and Central America Mine Hunting Sonar Market Forecasts and Analysis - By Application
9.5.5South and Central America Mine Hunting Sonar Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Mine Hunting Sonar Market
9.5.5.1.1Brazil Mine Hunting Sonar Market by Operational Modes
9.5.5.1.2Brazil Mine Hunting Sonar Market by Application
9.5.5.2Rest of South and Central America Mine Hunting Sonar Market
9.5.5.2.1Rest of South and Central America Mine Hunting Sonar Market by Operational Modes
9.5.5.2.2Rest of South and Central America Mine Hunting Sonar Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.MINE HUNTING SONAR MARKET, KEY COMPANY PROFILES
11.1.ARMELSAN
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ATLAS ELEKTRONIK GMBH
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CIRRUS
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.KONGSBERG MARITIME
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.KRAKEN ROBOTICS
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.NORTHROP GRUMMAN
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.RAYTHEON TECHNOLOGIES
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SONARDYNE
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.THALES GROUP
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.BAE SYSTEMS
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. ARMELSAN
2. ATLAS ELEKTRONIK GmbH
3. Cirrus
4. Kongsberg Maritime
5. Kraken Robotics
6. Northrop Grumman
7. Raytheon Technologies
8. Sonardyne
9. Thales Group
10. BAE Systems
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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