Market Research Report
Sonobuoy Market by Technology (BT, SAR, DICASS, DLC, DIFAR, LOFAR, EER, ADAR, VLAD), Function, Application (Defense, Commercial), Size, Deployment & Geography - Global Trends and Forecasts to 2020
|Published by||MarketsandMarkets||Product code||345221|
|Published||Content info||210 Pages
Delivery time: 1-2 business days
|Sonobuoy Market by Technology (BT, SAR, DICASS, DLC, DIFAR, LOFAR, EER, ADAR, VLAD), Function, Application (Defense, Commercial), Size, Deployment & Geography - Global Trends and Forecasts to 2020|
|Published: November 13, 2015||Content info: 210 Pages||
According to the projections in this report, the sonobuoy market has been estimated to be valued at USD 226.11 million in 2015 and is projected to reach USD 316.59 million by 2020, at a CAGR of 6.96% during the forecast period from 2015 to 2020. Factors that drive the global sonobuoy market include the increased focus by countries on strengthening their anti-submarine warfare capabilities, increase in efficiency of sonobuoys due to various technological advancements, and rise in maritime disputes in Asia-Pacific.
The key applications considered for the market study are defense and civil, wherein the overall sonobuoy market is dominated by the defense segment. This segment is projected to grow at a comparatively higher CAGR during the forecast period of 2015 to 2020, primarily driven by the high demand for sonobuoys which form an integral part of anti-submarine warfare (ASW) which is a key area of importance due to the increasing maritime disputes and the development of stealthier submarines.
The APAC region is expected to exhibit the highest growth rate in the sonobuoy market, and is projected to grow at a CAGR of ~8% during the forecast period from 2015 to 2020. The growth of the sonobuoy market in this region can be attributed to the rise in maritime disputes and increased government spending by countries, such as China to strengthen their anti-submarine warfare capabilities.The major companies profiled in the report include Sparton Corporation (U.S.) and Ultra Electronics (U.K.).
From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the sonobuoy market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.