Sonar Systems Market Share

Market Share of Sonar Systems Industry

The sonar systems and technology market is fragmented with various players dominating the market. Some of the major players in the sonar systems and technology market are Northrop Grumman Corporation, THALES, ThyssenKrupp AG, Lockheed Martin Corporation, and General Dynamics Corporation amongst others.

Various players in the market are investing significantly in research and development of advanced sonar technologies which will help to enhance the capabilities of naval vessels. Furthermore, various players are also collaborating with defense forces worldwide to understand the military requirements and develop cutting-edge technologies such as retractable sonar systems for vessels operating in shallow waters while also working towards business expansion. In addition, the growing global presence of international companies coupled with increasing investments in new technologies by such companies as compared to their regional counterparts is anticipated to lead to the international companies increasing their market share significantly in the years to come within the global market.

Sonar Systems and Technology Market Leaders

1. THALES

2. ThyssenKrupp AG

3. Lockheed Martin Corporation

4. General Dynamics Corporation

5. Northrop Grumman Corporation

*Disclaimer: Major Players sorted in no particular order