Reports

Global Sonobuoy Market to Grow at a CAGR of 6.5% in the Forecast Period of 2021-2026, Aided by the Maritime Industry

Sonobuoy Market

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 (2018-2028); 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 2023-2028, 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 2023-2028.

 

Sonobuoy: Market 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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
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
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Sonobuoy Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Sonobuoy Historical Market (2018-2022) 
    8.3    Global Sonobuoy Market Forecast (2023-2028)
    8.4    Global Sonobuoy Market by Function
        8.4.1    Active
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Passive
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Special Purpose
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Sonobuoy Market by Size
        8.5.1    Size A
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Size B
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Size C
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Sonobuoy Market by Range
        8.6.1    Short Range
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Long Range
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Sonobuoy Market by Installation
        8.7.1    Spring
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Pneumatic
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Free-fall
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Cartridge
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
    8.8    Global Sonobuoy Market by Application
        8.8.1    Detection and Tracking
            8.8.1.1    Historical Trend (2018-2022)
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Safety and Security
            8.8.2.1    Historical Trend (2018-2022)
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Oil and Gas
            8.8.3.1    Historical Trend (2018-2022)
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Others
    8.9    Global Sonobuoy Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2022) 
            8.9.1.2    Forecast Trend (2023-2028)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2022) 
            8.9.2.2    Forecast Trend (2023-2028)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2022) 
            8.9.3.2    Forecast Trend (2023-2028)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2022) 
            8.9.4.2    Forecast Trend (2023-2028)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2022) 
            8.9.5.2    Forecast Trend (2023-2028) 
9    North America Sonobuoy Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Sonobuoy Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Sonobuoy Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Sonobuoy Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Sonobuoy Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Sparton Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Thales Group 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Radixon Group
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Ultra Electronics Limited
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Sonobuoy Market: Key Industry Highlights, 2018 and 2028
2.    Global Sonobuoy Historical Market: Breakup by Function (USD Billion), 2018-2022
3.    Global Sonobuoy Market Forecast: Breakup by Function (USD Billion), 2023-2028
4.    Global Sonobuoy Historical Market: Breakup by Size (USD Billion), 2018-2022
5.    Global Sonobuoy Market Forecast: Breakup by Size (USD Billion), 2023-2028
6.    Global Sonobuoy Historical Market: Breakup by Range (USD Billion), 2018-2022
7.    Global Sonobuoy Market Forecast: Breakup by Range (USD Billion), 2023-2028
8.    Global Sonobuoy Historical Market: Breakup by Installation (USD Billion), 2018-2022
9.    Global Sonobuoy Market Forecast: Breakup by Installation (USD Billion), 2023-2028
10.    Global Sonobuoy Historical Market: Breakup by Application (USD Billion), 2018-2022
11.    Global Sonobuoy Market Forecast: Breakup by Application (USD Billion), 2023-2028
12.    Global Sonobuoy Historical Market: Breakup by Region (USD Billion), 2018-2022
13.    Global Sonobuoy Market Forecast: Breakup by Region (USD Billion), 2023-2028
14.    North America Sonobuoy Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    North America Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Europe Sonobuoy Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Europe Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Asia Pacific Sonobuoy Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Asia Pacific Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Latin America Sonobuoy Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Latin America Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Middle East and Africa Sonobuoy Historical Market: Breakup by Country (USD Billion), 2018-2022
23.    Middle East and Africa Sonobuoy Market Forecast: Breakup by Country (USD Billion), 2023-2028
24.    Global Sonobuoy Market Structure

Key Questions Answered in the Report

What is the growth rate of the global sonobuoy market?

The global sonobuoy market is projected to grow at a CAGR of 6.5% between 2023 and 2028.

What are the major market drivers?

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

What are the key industry trends of the global sonobuoy market?

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

What are the major regional markets of sonobuoy, according to the EMR report?

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

What are the major functions of sonobuoy in the market?

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

What are the leading sizes of sonobuoy in the industry?

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

What are the significant ranges of sonobuoy in the market?

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

What are the major installation types in the industry?

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

What are the leading application segments in the market?

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

Who are the key industry players, according to the report?

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 2023-2028, 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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