Sonar and unmanned tech to propel underwater warfare systems during the next decade, study says
NewsAugust 13, 2021
LONDON. Adoption of integrated sonar suites on technologically advanced surface ships and submarines is expected to propel the sonar segment to garner the largest share (49%) of global spending on underwater warfare systems (UWS) over the next decade, according to a recent study from GlobalData.
The sonar segment is expected to reach $3.1 billion by 2031, at a compound annual growth rate (CAGR) of 2.50%, GlobalData analysts found. Additional areas driving the UWS market will be unmanned underwater vehicles (UUVs), sonobuoy systems, and countermeasure systems.
GlobalData defense analyst Venkatesh Kandlikar comments on the study: “As several navies, such as the U.S., the UK, France, Norway, Germany, and Russia, are in the process of replacing their legacy submarine fleet with the next generation submarines, which includes enhanced sensor fusion capability, the sonar systems market is expected to witness significant investments over the next decade.”
For additional information visit the GlobalData website.
