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Global Sonobuoy Market: By Function: Active, Passive, Special Purpose; By Size; By Range; By Installation: Spring, Pneumatic, Free-fall, Cartridge; By Application: Detection and Tracking, Safety and Security, Oil and Gas; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Sonobuoy Market Outlook

The global sonobuoy market expected to grow at a CAGR of about 6.5% in the forecast period of 2021-2026, driven by the rapid technological advancement.

 

Global Sonobuoy Market By Region

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North America to be Among the Leading Markets for the Global Sonobuoy Industry

North America is expected to be among the leading regions for the sonobuoy market. The growth in the region could be attributed to the consumer demand. Various technological advances, including the use of advanced sensing, range, and directional capabilities, have been contributing to the growth of the market. The growing defence spending and the increasing adoption of unmanned underwater vehicles are expected to further provide an impetus to the growth of the market. Europe, on the other hand, is also witnessing robust growth and is likely to grow further in the forecast period of 2021-2026.

 

Sonobuoy: Industry Definition and Segmentation

Sonobuoy refers to a SONAR portable device (SOund NAvigation and Ranging). When a Sonobuoy is released from an aircraft or ship, it helps to detect submarines and perform underwater research. It is dependent on sound waves to detect/locate objects in a specific area.

 

Global Sonobuoy Market By Function

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On the basis of function, the industry can be increasing segmented as follows:

  • Active
  • Passive
  • Special Purpose

Based on market size, the market can be divided into the following:

  • Size A
  • Size B
  • Size C
  • Others

The range of the product can be divided as follows:

  • Short Range
  • Long Range

The installation type can be segmented as follows:

  • Spring
  • Pneumatic
  • Free-fall
  • Cartridge

It finds wide applications in the follows:

  • Detection and Tracking
  • Safety and Security
  • Oil and Gas
  • Others

The regional markets for sonobuoy can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Sonobuoy Market By Region

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Rising Demand from Maritime Industry Bolstering the Market Growth

Sonobuoys are acoustic sensing devices that are released from aircraft or ship in the ocean to detect underwater sound signals. Early detection of enemy submarines could help avoid possible attacks and loss of resources. These factors are pushing naval forces around the world to deploy sonobuoys, thereby driving the development of the global demand for sonobuoys. Some sonobuoys are used for echo sounding, to determine the depth of the waterbody. Sonobuoy emits a sound wave that is reflected back from the seafloor. The time it would take for the wave to return to the ship is reported and used to measure the depth and thickness of the seabed, to assess the composition of the layers in the seabed, and to detect salt domes and seeps. Overtime, salt accumulates to create a dome from which oil and gas can be derived. As oil and gas are valuable resources, a number of governments are making major investments in the installation of sonobuoys to locate sand domes and seeps, thereby driving the growth of the sonobuoy market.

 

Key Industry Players in the Global Sonobuoy Market

The report gives a detailed analysis of the following key players in the global sonobuoy market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Sparton Corporation
  • Thales Group 
  • Radixon Group
  • Ultra Electronics Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Sonobuoy Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Sonobuoy Historical Market (2016-2020) 
    8.3    Global Sonobuoy Market Forecast (2021-2026)
    8.4    Global Sonobuoy Market by Function
        8.4.1    Active
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Passive
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Special Purpose
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Sonobuoy Market by Size
        8.5.1    Size A
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Size B
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Size C
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Sonobuoy Market by Range
        8.6.1    Short Range
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Long Range
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Sonobuoy Market by Installation
        8.7.1    Spring
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Pneumatic
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Free-fall
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Cartridge
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
    8.8    Global Sonobuoy Market by Application
        8.8.1    Detection and Tracking
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Safety and Security
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Oil and Gas
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
        8.8.4    Others
    8.9    Global Sonobuoy Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Sparton Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Thales Group 
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Radixon Group
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Ultra Electronics Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Sonobuoy Market: Key Industry Highlights, 2016 and 2026
2.    Global Sonobuoy Historical Market: Breakup by Function (USD Billion), 2016-2020
3.    Global Sonobuoy Market Forecast: Breakup by Function (USD Billion), 2021-2026
4.    Global Sonobuoy Historical Market: Breakup by Size (USD Billion), 2016-2020
5.    Global Sonobuoy Market Forecast: Breakup by Size (USD Billion), 2021-2026
6.    Global Sonobuoy Historical Market: Breakup by Range (USD Billion), 2016-2020
7.    Global Sonobuoy Market Forecast: Breakup by Range (USD Billion), 2021-2026
8.    Global Sonobuoy Historical Market: Breakup by Installation (USD Billion), 2016-2020
9.    Global Sonobuoy Market Forecast: Breakup by Installation (USD Billion), 2021-2026
10.    Global Sonobuoy Historical Market: Breakup by Application (USD Billion), 2016-2020
11.    Global Sonobuoy Market Forecast: Breakup by Application (USD Billion), 2021-2026
12.    Global Sonobuoy Historical Market: Breakup by Region (USD Billion), 2016-2020
13.    Global Sonobuoy Market Forecast: Breakup by Region (USD Billion), 2021-2026
14.    North America Sonobuoy Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    North America Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Europe Sonobuoy Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Europe Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Asia Pacific Sonobuoy Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Asia Pacific Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Latin America Sonobuoy Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Latin America Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Middle East and Africa Sonobuoy Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Middle East and Africa Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Global Sonobuoy Market Structure

Key Questions Answered in the Report

The global sonobuoy market is projected to grow at a CAGR of 6.5% between 2021 and 2026.

The growth of the market can be attributed to drivers like rising population, rising urbanisation, rising threat to security, and the rapid technological advancements.

The rising demand from the maritime industry to detect any threats or attacks to prevent any loss is an important trend.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major functions of sonobuoy in the market are active, passive, and special purpose.

The leading sizes of sonobuoy in the industry are size A, size B, and size C, among others.

The significant ranges of sonobuoy in the market are short range and long range.

The major installation types in the industry are spring, pneumatic, free-fall, and cartridge.

The leading application segments in the market are detection and tracking, safety and security, and oil and gas, among others.

The major players in the industry are Sparton Corporation, Thales Group, Radixon Group, and Ultra Electronics Limited, among others.

Analyst Review

The global sonobuoy market is being driven by the rising threat to security. Aided by the technological advancements, the market is expected to witness a healthy growth in the forecast period of 2021-2026, growing at a CAGR of 6.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By function, the market is segmented into active, passive, and special purpose. On the basis of size, the market can be divided into size A, size B, and size C, among others. Based on range, the market is bifurcated into short range and long range. By installation type, the industry is segmented into spring, pneumatic, free-fall, and cartridge. On the basis of application, the market is divided into detection and tracking, safety and security, and oil and gas, among others. The major regional markets for sonobuoy are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Sparton Corporation, Thales Group, Radixon Group, and Ultra Electronics Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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