According to Fortune Business Insights™, the global SONAR System Market Size was valued at USD 2.09 billion in 2021 and is projected to grow from USD 2.20 billion in 2022 to USD 3.76 billion by 2029, exhibiting a CAGR of 7.96% during the forecast period. The market growth is driven by increasing demand for advanced naval surveillance, anti-submarine warfare capabilities, and the growing use of SONAR technology across defense and commercial maritime operations.
North America dominated the market in 2021, accounting for a market share of 31.84%, owing to extensive investments in naval shipbuilding and technological modernization by the United States Navy.