Sonar Market : Opportunities for Investment and Mergers & Acquisitions
The Sonar Market is expanding steadily with increasing applications in defense, marine research, oil exploration, and commercial shipping. Sonar systems use sound propagation to detect and locate underwater objects, playing a vital role in navigation, surveillance, and mapping. Rising naval modernization programs and offshore energy exploration activities are major growth drivers. Technological advancements in imaging accuracy and real-time data processing further enhance system capabilities. However, high operational costs and environmental concerns related to marine ecosystems may restrain market growth. Growing investments in maritime security and underwater exploration are expected to create new opportunities. The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transiti...