Companies Dominating the Towed Array Sonar Landscape
- NORBIT ASA
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Coda Octopus Products Ltd.
- L3Harris Technologies Inc.
- Neptune Sonar
- Thales Group.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of towed array sonar is evaluated at USD 2.34 billion.
The towed array sonar market size was valued at USD 2.18 billion in 2024 and is expected to reach USD 3.82 billion by 2037, expanding at around 4.4% CAGR during the forecast period i.e., between 2025-2037. Augmentation in Maritime Border Security, Increasing Usage of Towed Array Sonar in Fishing and Oil & Gas Industry and Increasing Investment in Research and Development will drive the market growth.
North America industry is expected to dominate majority revenue share of 40% by 2037, impelled by growing demand for towed array sonar in the region.
The major players in the market are NORBIT ASA, Coda Octopus Products Ltd., L3Harris Technologies Inc., Neptune Sonar, Thales Group, and others.
