Towed Array Sonar Market Segmentation:
Type Segment Analysis
Passive towed array sonar is expected to garner the highest revenue in the forecast period. Also, the market is growing at the highest CAGR of 5% throughout the forecast period. The demand for passive towed arrays is increasing owing to their salient features such as prohibiting the emission of their own signal. Also, with the existence of a ping system, the enemies can easily detect the vessels.
Component Segment Analysis
The hydrophone segment in the towed array sonar market is estimated to hold a share of 80% by 2035. This sonar device consists of a system of hydrophones, which are tugged far beyond the submarine through cables. Such hydrophones are often kilometers from each other, thus enhancing the signal-to-noise ratio significantly. In order to detect and track faint sounds, e.g. lower noise emitting submarine threats or seismic signals, the towing array sonar shall be able to operate effectively. The salient features provided by the towed array sonar are driving the growth of the market in the military and defense industries.
Our in-depth analysis of the global market includes the following segments:
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