PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1350321
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1350321
Sonobuoy Market, By Type, By Application, By Size, By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Global Sonobuoy Market size was valued at US$ 423.2 Million in 2022, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 444.1 Mn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 6.10% | 2030 Value Projection: | US$ 671.6 Mn |
Sonobuoys are compact, expandable sonar devices used for a variety of underwater applications, including anti-submarine warfare and acoustic surveys. They are typically small, 13 cm (5 inches) in diameter and 91 cm (3 ft) long, making them easy to deploy from aircraft and ships. There are two main types of sonobuoys, active sonobuoys and passive sonobuoys, each designed for a specific mission. Active sonobuoys send sonar signals into the water and listen for their reflections, while passive sonobuoys simply listen and detect the presence of noise underwater.. Aircraft tasked with locating submarines operating underwater typically focus on specific target areas depending on the type of submarine they are looking for. The size of the target area depends on the characteristics of the target submarine.
Market Dynamics
Sonobuoys play an important role in underwater surveillance and detection. These are launched from ships and aircraft and detect underwater acoustic signals. In anti-submarine warfare, sonobuoys are equipped with hydrophones that can listen and record the acoustic signals emitted by submarines. These signals are transmitted wirelessly to ships and aircraft, enabling early detection of enemy ships and providing valuable information in wartime to prevent potential damage. This aspect is the major driver of the growth of the global sonobuoy market during the forecast period. In addition, sonobuoys are also used for oil and gas detection. By transmitting sound waves that are reflected off the seafloor, sonobuoys can measure the time it takes for the sound to return and calculate the thickness of the seafloor. This information helps discover subseafloor oil and gas deposits. Governments around the world are investing in oil and gas detection using sonobuoys because sonobuoys make an invaluable contribution to the development of nations by identifying valuable resources. The use of sonobuoys for oil and gas exploration is expected to lead to further growth of the global sonobuoy market during the forecast period. As technology continues to advance, sonobuoys may play an increasingly important role in enhancing both military and civilian applications, cementing their position as important underwater surveillance tools in a variety of fields.
Key Features of the Study
- This report provides an in-depth analysis of the global sonobuoy market with market size (US$ Million) and CAGR (%) over the forecast period (2023 - 2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
- It profiles leading players in the global sonobuoy market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
- Key companies covered in the global sonobuoy market include ERAPSCO (a joint venture between Sparton Corporation and Ultra Electronics USSI), Lockheed Martin Corporation, SEALANDAIRE TECHNOLOGIES, INC., Radixon, General Dynamics Corporation (General Dynamics Mission Systems, Inc.), and Thales Group.
- Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to future product launches, technology upgrades, market expansion, and marketing tactics
- Various strategy matrices used in analyzing the global sonobuoy market would provide stakeholders vital inputs to make strategic decisions accordingly
Detailed Segmentation:
- Global Sonobuoy Market, By Type:
- Active
- Passive:
- Global Sonobuoy Market, By Application:
- Detection
- Safety & Security
- Oil & Gas
- Others
- Global Sonobuoy Market, By Size:
- Size A
- Size B
- Others
- Global Sonobuoy Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
- ERAPSCO (a joint venture between Sparton Corporation and Ultra Electronics USSI)*
- Lockheed Martin Corporation
- SEALANDAIRE TECHNOLOGIES, INC.
- Radixon
- General Dynamics Corporation (General Dynamics Mission Systems, Inc.)
- Thales Group.
Table of Content
1. Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Size
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Growing deployment of sonobuoys to detect the presence of submarines
- Increasing demand for advanced anti-submarine warfare (ASW) capabilities in naval operations
- Restraints
- Strict regulatory policies enforced regarding the use of sonobuoys
- Limited underwater communication range
- Market Opportunities
- Growing demand for anti-submarine warfare (ASW) capabilities.
- Growing Maritime Security Concerns in Asia-Pacific Region
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
4. Global Sonobuoy Market, By Type, 2018 - 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
- Active
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Passive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
5. Global Sonobuoy Market, By Application, 2018 - 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
- Detection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Safety & Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
6. Global Sonobuoy Market, By Size, 2018 - 2030, (US$ Million)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
- Size A
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Size B
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Million)
7. Global Sonobuoy Market,, By Region, 2017 - 2030 (US$ Million)
- Introduction
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2017-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Size, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Million)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Size, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Million)
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Size, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Million)
- China
- Japan
- Australia
- India
- ASEAN
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Size, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Type, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Size, 2018 - 2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Million)
- GCC Countries
- Israel
- South Africa
- Rest of Middle East & Africa
8. Competitive Landscape
- Company Profiles
- ERAPSCO (a joint venture between Sparton Corporation and Ultra Electronics USSI)
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Lockheed Martin Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- SEALANDAIRE TECHNOLOGIES, INC.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Radixon
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- General Dynamics Corporation (General Dynamics Mission Systems, Inc.)
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Thales Group.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
9. Section
- References
- Research Methodology
- About us and Sales Contact
