L3Harris Technologies Inc. received a multi-million-dollar contract to deliver two low-frequency active towed sonar systems to a NATO member that will be utilized on marine vessels for detecting, tracing, and engaging all kinds of submarines.
To support the newest United Kingdom MoD and BAe Maritime Platform, Neptune's new modularized communications array is a custom design.
Author Credits: Ipsheeta Dash, Sadaf Naaz
Report ID: 2854
Published Date: Sep 04, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Augmentation in Maritime Border Security, Increasing Usage of Towed Array Sonar in Fishing and Oil & Gas Industry and Increasing Investment in Research and Development
The market size of Towed Array Sonar is anticipated to attain a CAGR of 4.3% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are NORBIT ASA, Coda Octopus Products Ltd., L3Harris Technologies Inc., Neptune Sonar, Thales Group., Mitsubishi Heavy Industries, Japan Radio Co., Ltd, NEC Corporation, Mitsubishi Shipbuilding Co., Japan Marina Co. Ltd and others.
The hydrophone segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.