The wavelength of a wave is related to its speed and frequency by the equation:
\[ \text{Wavelength} = \frac{\text{Speed of Sound}}{\text{Frequency}} \]
If the speed of sound in water increases by 5%, and the frequency of the sonar wave remains constant, the wavelength will also increase by 5%. This is because, when the speed increases and the frequency stays the same, the wavelength must also increase to maintain the relationship defined by the equation.
Therefore, the correct response is:
The wavelength would increase by 5%.