SONAR System Market size is set to grow by USD 1.52 bn from 2024-2028, growing preference for deploying integrated sonar system boost the market- Technavio

Barchart · 03/25 11:22

NEW YORK, March 25, 2024 /PRNewswire/ -- The global sound navigation and ranging (sonar) system market  size is estimated to grow by USD 1.52 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.35%  during the forecast period.  The SONAR system market experiences growth due to rising ASW demands, driven by the proliferation of underwater platforms. Countries enhance their capabilities with advanced SONAR technologies, including AI and ML, sensor fusion, and data integration. Vendors innovate with smart inverters, addressing terrorist threats and seaborne trade activities. 

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