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COVID-19 Impact on Global Multibeam Sonar, Market Insights and Forecast to 2026

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In this report, the COVID-19 Impact on 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. COVID-19 Impact on 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.

Browse full research report at https://www.crystalmarketreport.com/covid-19-impact-on-global-multibeam-sonar-market-insights-and-forecast-to-2026

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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

Prior to COVID-19, the market for Multibeam Sonar was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of XX% during 2021–2026, whereas post-COVID-19 scenario, the market for Multibeam Sonar is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026. The solicitation of proposals by the governments and public–private companies across the world to mitigate the impact of the COVID-19 pandemic is the key factor propelling the growth of the Multibeam Sonar market.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 200 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Multibeam Sonar market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyzes the impact of Coronavirus COVID-19 on the Multibeam Sonar industry.

Global Multibeam Sonar Scope and Segment

Multibeam Sonar market is segmented by Type, and by Application. 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 production capacity, revenue and forecast by Type and by Application for the period 2015-2026.

The following manufacturers are covered in this report:

Kongsberg

Teledyne

Wartsila

Klein Marine Systems

Tritech

IXblue

WASSP

Imagenex

NORBIT

R2Sonic

Multibeam Sonar Breakdown Data by Type

Low Frequency

Medium Frequency

High Frequency

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.

Multibeam Sonar Breakdown Data by Application

Commercial Area

Scientific Area

Military Area

Other

Demand from the commercial area accounts for the largest market share, being 43.81% in 2019.

Regional and Country-level Analysis

The Multibeam Sonar market is analysed and market size information is provided by regions (countries).

The key regions covered in the Multibeam Sonar market report are North America, Europe, China and Japan. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.

Browse full research report at https://www.crystalmarketreport.com/covid-19-impact-on-global-multibeam-sonar-market-insights-and-forecast-to-2026

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