Sonobuoy Market Research Report – Global Forecast to 2023

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Sonobuoy Market Research Report By Forecast To
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Sonobuoy Market Research Report - Forecast to 2023
Global Sonobuoy Market Information by Type
(Manpack Radios, Vehicular Radios), By End-User
(Marines and Ground Forces) And Sonobuoy Market
by Technology (SAR, DICASS, CASS, Others), Type
(Active, Passive), Application (Detection
Tracking, Safety Security, Oil Gas, Others),
Size (A, B, C), Deployment (Spring, Pneumatic,
Free Fall, Cartridge) Region Forecast till
2023Region - Forecast To 2023
A sonobuoy is a compact, expandable, and
air-deployed acoustic sensor designed to be
dropped from an aircraft. As it enters the water,
it separates into an underwater acoustic sensor
and an on-the-surface radio transmitter, and
relays underwater acoustic signals to detect the
aircraft and track submarines at sea. The radio
frequency transmission is received and processed
to detect, locate, and track submarines in sea.
It provides the airborne platform with the
capability of using underwater sound to determine
if an enemy submarine is present. Technology
advances in submarine and antisubmarine sensors
would require highly accurate sonobuoy systems.
Significant investments have been made on the
development of sonobuoy systems, which would lead
to rapid growth of the market during the forecast
period. However, major restraint of the sonobuoys
is the limited capability to detect stealthier
submarines in littoral zones and impact of
sonobuoys on marine life. Moreover, procurement
of unmanned underwater vehicles, Anti-Submarine
Warfare (ASW) systems, and acquisition of
sonobuoys for marine mammal research has
bolstered the growth of the market. Maritime
disputes between China and the U.S., such as the
East China Sea dispute, have increased the need
for deployment of sonobuoy in waterways. For
instance, in 2018, ERAPSCO signed a contract with
the U.S. Navy to manufacture and supply
sonobuoys. The increased need for cost-effective
ASW systems will offer new growth opportunities
to the market players. The factors responsible
for the growth of the global sonobuoy market are
the growing usage of unmanned underwater
vehicles, increase in the efficiency of sonobuoy,
and rise in maritime disputes. Several contracts
have been signed to bolster the growth of the
market. In 2013, General Dynamics signed a
contract with Republic of Korea Navy (RoKN) to
provide next-generation acoustic processing
systems. In 2015, Ultra Electronics signed a
contract with the Royal Navys marine to supply
sonobuoys for maritime patrol helicopter.
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Sonobuoy Market Research Report - Forecast to 2023
Drivers
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Sonobuoy Market Research Report - Forecast to 2023
Segmentation and Regional Analysis
The global sonobuoy market has been segmented by
technology, type, application, size, deployment,
and region. Among technology type, Low-Frequency
Analysis and Ranging (LOFAR) is the most widely
used and have the largest market share due to
increasing demand for technology advancement in
antisubmarine sensors. On the basis of type, the
passive sonobuoys segment is estimated to witness
the largest demand during the forecast period,
owing to their ability to prevent the detection
of a tracking aircraft by a submarine. On the
basis of application, the detection and tracking
segment is expected to witness the largest demand
during the forecast period, owing to increase
military expenses by countries towards
strengthening their anti-submarine warfare
capabilities. On the basis of size, the size A
segment is estimated to witness the largest
demand during the forecast period, owing to
increasing demand for lightweight sonobuoy. On
the basis of region, the market is segmented into
North America, Asia Pacific, Europe, the Middle
East Africa, and Latin America. North America
is expected to dominate the market in the coming
years, due to the presence of major manufacturers
and increasing military expenses. Asia Pacific
follows the North America region in the global
sonobuoy market and is estimated to trail North
America during the forecast period due to the
rise in maritime disputes and increased
government spending by countries, such as China.
Furthermore, the Chinese government had increased
the investment due to a dispute over territory
among Brunei, Phillippines, and Malaysia. The
global sonobuoy market is estimated to witness a
CAGR of 8, from 2018 to 2023.
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Sonobuoy Market Research Report - Forecast to 2023
key players
The key players in global sonobuoy market are
General Dynamics Corporation (U.S.), Radixon
(Australia), Sparton (U.S.), Thales Group
(France), Ultra Electronics Group (U.K),
SeaLandAire Technologies Inc (U.S.), Lone Star
Electronics Co. (U.S.), Lockheed Martin
Corporation (U.S.), ERAPSCO (U.S.), and Sigma
Pi-Power Sources Pvt Ltd (India). The report for
Global Sonobuoy Market of Market Research Future
comprises extensive primary research, along with
the detailed analysis of qualitative as well as
quantitative aspects by various industry experts
and key opinion leaders it helps the reader gain
a deeper insight into the market and industry
performance. The report gives a clear picture of
current market scenario, including historical and
projected market size in terms of value and
volume, technological advancement, macroeconomic
and governing factors in the market. The report
provides detailed information and strategies of
the top key players in the industry. The report
also contains a broad study of the different
market segments and regions.
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