Pro
020406080USD Mn20182019202020212022202320242025
Total
Brazil
Rest Of South America
Aerospace
Global Sonar Systems and Technology Market Brazil and Rest Of South America
| Label | South America | Brazil | Rest of South America |
|---|---|---|---|
| 2018 | 495.0 USD Mn | 301.8 USD Mn | 193.2 USD Mn |
| 2019 | 531.5 USD Mn | 328.3 USD Mn | 203.2 USD Mn |
| 2020 | 570.6 USD Mn | 356.9 USD Mn | 213.7 USD Mn |
| 2021 | 612.3 USD Mn | 387.8 USD Mn | 224.5 USD Mn |
| 2022 | 656.8 USD Mn | 421.1 USD Mn | 235.7 USD Mn |
| 2023 | 704.3 USD Mn | 457.0 USD Mn | 247.2 USD Mn |
| 2024 | 754.9 USD Mn | 495.7 USD Mn | 259.2 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Brazil accounted for the larger market share in 2018 in the South America military iot market, and is expected to reach USD 495.70 Million in 2024 from USD 301.80 Million in 2018.This market is projected to grow at a CAGR of 8.59% during the forecast period from 2019 - 2024. hardware segment accounted for the largest market share in 2018, this market is expected to reach USD 293.70 Million in 2024 from USD 208.00 Million in 2018. This market is projected to grow at a CAGR of 5.90% during the forecast period from 2019 - 2024. However, software segment is the fastest growing market, which is expected to grow at a CAGR of 8.44% during the forecast period 2019 - 2024. wi fi segment accounted for the largest market share in 2018, this market is expected to reach USD 415.20 Million in 2024 from USD 259.50 Million in 2018. This market is projected to grow at a CAGR of 8.13% during the forecast period from 2019 - 2024.
However, wi fi segment is the fastest growing market, which is expected to grow at a CAGR of 8.13% during the forecast period 2019 - 2024. real time fleet management segment accounted for the largest market share in 2018, this market is expected to reach USD 164.90 Million in 2024 from USD 115.30 Million in 2018. This market is projected to grow at a CAGR of 6.12% during the forecast period from 2019 - 2024. However, training and simulation segment is the fastest growing market, which is expected to grow at a CAGR of 8.56% during the forecast period 2019 - 2024.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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04008001.2K1.6KUSD Mn20182019202020212022202320242025
Total
Germany
France
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Rest Of Europe
Aerospace
Global Sonar Systems and Technology Market Germany, France, United Kingdom, Russian Federation and Rest Of Europe By Country
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