South America Sonar Systems and Technology market

brazil accounted for the larger market share in 2018 in the south america sonar systems and technology market, and is expected to reach usd 42.50 million in 2025 from usd 23.80 million in 2018. however, rest of south america is the fastest growing market, which is expected to grow at a cagr of 8.84% during the forecast period 2019 - 2025. active segment accounted for the largest market share in 2018, this market is expected to reach usd 44.80 million in 2025 from usd 23.90 million in 2018. this market is projected to grow at a cagr of 8.67% during the forecast period from 2019 - 2025. hardware segment accounted for the larger market share in 2018, this market is expected to reach usd 47.10 million in 2025 from usd 27.00 million in 2018. this market is projected to grow at a cagr of 7.51% during the forecast period from 2019 - 2025. however, software segment is the fastest growing market, which is expected to grow at a cagr of 9.88% during the forecast period 2019 - 2025. hull mounted sonar segment accounted for the largest market share in 2018, this market is expected to reach usd 26.70 million in 2025 from usd 15.80 million in 2018. this market is projected to grow at a cagr of 6.99% during the forecast period from 2019 - 2025. however, dipping sonar segment is the fastest growing market, which is expected to grow at a cagr of 9.41% during the forecast period 2019 - 2025. commercial segment accounted for the larger market share in 2018, this market is expected to reach usd 41.20 million in 2025 from usd 24.10 million in 2018. this market is projected to grow at a cagr of 7.23% during the forecast period from 2019 - 2025. however, defense segment is the fastest growing market, which is expected to grow at a cagr of 9.89% during the forecast period 2019 - 2025.