In this report, the Global Multibeam Sonar market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Multibeam Sonar market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
Multibeam sonar is a common offshore surveying tool that uses multiple sound signals to detect the seafloor. Because of its multiple beams it is able to map a swath of the seabed under the ship, in contrast to a single beam sonar which only maps a point below the ship. With the capability to cover 100 per cent of the seafloor, multibeam sonars are becoming the industry standard for hydrographic and geological applications.
Globally, the Multibeam Sonar industry market is concentrated as the manufacturing technology of Multibeam Sonar is relatively matures than some high-tech equipment. And some enterprises, like Kongsberg, Teledyne, Wartsila, Klein Marine Systems, Tritech, iXblue, etc. are well-known for the wonderful performance of their Multibeam Sonar and related services. Top 10 manufacturers accounted for about 65% market share. At the same time, North America, occupied 30.12% sales market share in 2019, is remarkable in the global Multibeam Sonar industry because of their market share and technology status of Multibeam Sonar.
Market Analysis and Insights: Global Multibeam Sonar Market
In 2019, the global Multibeam Sonar market size was US$ 157.7 million and it is expected to reach US$ 216.9 million by the end of 2026, with a CAGR of 5.3% during 2021-2026.
Global Multibeam Sonar Scope and Market Size
Multibeam Sonar market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Multibeam Sonar market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Multibeam Sonar market is segmented into
Different frequencies are used to map different water depths, with higher frequencies (>100kHz) used for shallow water and low frequencies (<30 kHz) for deep water. With different frequencies there is also a trade-off in resolution, with higher frequency shallow water systems providing greater spatial resolution than lower frequency deep-water systems. In the report, multibeam sonar contains Low Frequency (100kHz). In 2019, High Frequency accounted for a share of 50.26% in the global Multibeam Sonar market.
Segment by Application, the Multibeam Sonar market is segmented into
Demand from the commercial area accounts for the largest market share, being 43.81% in 2019.
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Multibeam Sonar Market Share Analysis
Multibeam Sonar market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Multibeam Sonar product introduction, recent developments, Multibeam Sonar sales by region, type, application and by sales channel.
The major companies include:
Klein Marine Systems
Reasons to Buy This Research Report
- Complete access to Global Multibeam Sonar market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Multibeam Sonar markets including North America, Europe, MEA and Asia Pacific
- Global Multibeam Sonar Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Multibeam Sonar market segmentation
- Key trends, drivers and restraints for global Global Multibeam Sonar market
- Challenges to market growth for Global Multibeam Sonar manufacturers
- Key market opportunities of Global Multibeam Sonar Industry
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