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Aerospace and Defense

Global Sonobuoy Market Size and Sha...

Historical and Forecast Market Trends

2018-34

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The growth of the global demand for sonobuoys is driven primarily by the growing maritime industry. Aircraft and ship technicians need to constantly track these received signals in order to avoid future threats. Monitoring and analysis of acoustic signals emitted by these sonobuoys involves the jobs of trained technicians. The passive sonobuoy segment is expected to account for the highest market share of revenue in the coming years due to the fact that passive sonobuoys can be detected without disclosing their existence to the target. The active sonobuoys segment is expected to account for the second largest market share of revenue in the forecast period due to the fact that active sonobuoys are used to locate and track targets.

The rising competition among the key players together with the advancing technology has also been aiding the market growth. Thales SA (OTCMKTS: THLLY), one of the leading key players, announced that it started working on a new sonobuoy system named Sono-Flash, which would incorporate both active and passive modes in a single buoy. This boosted the demand of the product in the global industry.

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Market Analysis by Function, Market Size, Range, Installation Type, Applications, and Regions:

  • The functions can be divided into active, passive, and special purpose.
  • Market size can be segmented into size a, size b, and size c, among others.
  • The range of the product can be categorised into short range and long range.
  • Installation type comprises of spring, pneumatic, free-fall, and cartridge.
  • It finds wide applications in detection and tracking, safety and security, and oil and gas, among others.
  • The regional markets for sonobuoy include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The demand for sonobuoy is rising as it helps in the early detection of enemy submarines that could help prevent possible attacks and loss of resources.
  • Sonobuoys are also widely used for echo sounding, to determine the depth of the waterbody.
  • The rising industry of oil and gas is also boosting the demand for sonobuoys.
  • Other factors bolstering the demand for the product are rising population, growing disposable incomes, rising investments, and the advancing technology.

Key Offerings of the report:

  • The EMR report gives an overview of the global sonobuoy market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for the function, market size, range, installation type, applications, and major regions of sonobuoy.
  • It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sonobuoy market are Sparton Corporation, Thales Group, Radixon Group, and Ultra Electronics Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Function
  • Size
  • Range
  • Installation
  • Application
  • Region
Breakup by Function
  • Active
  • Passive
  • Special Purpose
Breakup by Size
  • Size A
  • Size B
  • Size C
  • Others
Breakup by Range
  • Short Range
  • Long Range
Breakup by Installation
  • Spring
  • Pneumatic
  • Free-fall
  • Cartridge
Breakup by Application
  • Detection and Tracking
  • Safety and Security
  • Oil and Gas
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sparton Corporation
  • Thales Group
  • Radixon Group
  • Ultra Electronics Limited
  • Others
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