Driving Innovation: Registration in PCB Production Throughout the Process
Dan's Biz Bookshelf: 'Getting Naked: A Business Fable'
The Chemical Connection: Common Misconceptions in Wet Processing
Global SONAR Systems Market to See CAGR of 7.01% 2015-2019
December 9, 2015 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global SONAR Systems Market 2015-2019" report to their offering.
The global SONAR systems market to grow at a CAGR of 7.01% over the period 2014-2019
Global SONAR Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global SONAR systems market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of SONAR systems. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Sonar manufacturers are expected to focus more on the evolution of technology than on the development of new products. Sonar technology has already attained a level of maturity in terms of technological development. Future innovation and development will essentially be brown field site and it will have only incremental changes from its baseline. However, such incremental changes will be for new products and not for already installed sonars.
According to the report, with the rise in globalization and offshoring activities, and with the sea as the primary route for trade, countries are trying to improve the safety standards for navigation. To achieve this, numerous nautical charting activities and surveys are being conducted. Ships are provided with sonar navigational charts to record their real-time status. For instance, the government of Canada plans to invest $22.7 million until 2020 to improve the safety of marine transportation in the Arctic using nautical charting. More than 95% of the total goods are transferred by sea routes in this region. These activities will nurture the growth of the sonar systems market globally.
Further, the report states that the use of sonar faces severe criticism from environmental activists due to the high-intensity waves from sonar systems which can damage the hearing ability and change the behavior of these species.
Share on:
Suggested Items
DuPont Reports First Quarter 2025 Results
05/02/2025 | PRNewswireDuPont announced its financial results for the first quarter ended March 31, 2025.
KLA Reports Fiscal 2025 Q3 Results
05/02/2025 | PRNewswireKLA Corporation announced financial and operating results for its third quarter of fiscal year 2025, which ended on March 31, 2025, and reported GAAP net income of $1.09 billion and GAAP net income per diluted share of $8.16 on revenues of $3.06 billion.
Meet Thiago Guimaraes, IPC's New Director of Industry Intelligence
05/05/2025 | Chris Mitchell, IPC VP, Global Government RelationsThe fast pace of innovation in the electronics manufacturing industry means business owners must continuously adapt their processes and capabilities to meet changing customer demands and market trends. To that end, IPC has hired Thiago Guimaraes as the new director of Industry Intelligence. In this interview, Thiago shares key goals and objectives that could revolutionize the industry as he helps stakeholders navigate industry trends and challenges.
Alternative Manufacturing Inc. (AMI) Appoints Gregory Picard New Business Development Manager
05/01/2025 | Alternative Manufacturing, Inc.Alternative Manufacturing Inc. (AMI) is pleased to announce the appointment of Mr. Gregory Picard as our new Business Development Manager. Picard brings a wealth of experience in Sales and Business Development, having worked with some of the most prominent names in the industry.
Ensuring a Strong and Reliable Supply Chain
04/30/2025 | Marcy LaRont, PCB007 MagazineKelly Davidson, vice president of NCAB Group USA, discusses the company's stable performance in 2024 and positive outlook for 2025. She highlights NCAB's strategy of organic growth and strategic acquisitions amidst tariff concerns and global political uncertainty. Kelly emphasizes the importance of supply chain diversification, strong supplier relationships, and customer education, and notes NCAB's focus on defense production and maintaining a reliable supply chain.