Sonobuoy Market Size to Grow by USD 178.29 mn | Technavio

The sonobuoy market covers the following areas:

Sonobuoy Market Sizing
Sonobuoy Market Forecast
Sonobuoy Market Analysis

Drivers and Challenges

The growing demand for strengthening ASW capabilities is driving the growth of the sonobuoy market. Anti-submarines are operated via surface warship, aircraft, or submarines. Such technologies are developed to track, locate, and destroy hostile and potential pirate submarines underwater. ASW is critical to protecting the strategic speed and operational agility of joint and coalition forces across the sea. Modern ASW is complex in terms of application with multitudes of disparate sensors and platforms ranging from aircraft to sonobuoys to other submarines. The increasing need to strengthen anti-submarine operations and monitor natural resources among emerging economies are the major factors driving the growth of the global sonobuoy market. Sonobuoys enable Navy ASW forces to detect, track, and pinpoint threats. Information from these systems can help enable precision attacks with air-launched torpedoes. Information from these systems can help enable precision attacks with air-launched torpedoes. Thus, the demand for sonobuoys is strongly associated with the growth of the anti-submarine warfare market.

The effects on marine life will challenge the sonobuoy market during the forecast period. Governments of various countries have laid down certain regulations for the deployment of sonobuoys. These regulations are set to limit the use of sonobuoys in areas where marine life exists. This is expected to challenge the global sonobuoy market. Some marine mammals, such as beaked and blue whales, are sensitive to mid-frequency active sonobuoy and sonar noise. Active sonar transmitters could confuse these animals and interfere with basic biological functions, such as feeding and mating. As a result, regulators are considering the effects of sonobuoy while planning naval exercises.

Market Segmentation

The sonobuoy market share growth by the defense segment will be significant during the forecast period. The defense segment led the global sonobuoy market in 2019 and is expected to exhibit a similar trend during the forecast period. The segment will be mainly driven by the rising spending by countries on strengthening anti-submarine warfare capabilities. The demand for sonobuoys in defense maritime surveillance is primarily driven by the deployment of sonobuoys in ASW, which is important due to the increasing maritime disputes and the development of stealthier submarines.

Companies Mentioned

• ALCEN
• General Dynamics Corp.
• RADIXON Group Pty. Ltd.
• Rostec State Corp.
• SeaLandAire Technologies Inc.
• Sociedad Anonima de Electronica Submarina
• Sparton Corp.
• Tata Power SED
• Thales Group
• and Ultra Electronics Holdings Plc.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End user

• Market segments
• Comparison by End user
• Defense - Market size and forecast 2019-2024
• Commercial - Market size and forecast 2019-2024
• Special purpose - Market size and forecast 2019-2024
• Market opportunity by End user

Market Segmentation by Function

• Market segments
• Comparison by Function
• Passive - Market size and forecast 2019-2024
• Active - Market size and forecast 2019-2024
• Market opportunity by Function

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume driver - Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ALCEN
• General Dynamics Corp.
• RADIXON Group Pty. Ltd.
• Rostec State Corp.
• SeaLandAire Technologies Inc.
• Sociedad Anonima de Electronica Submarina
• Sparton Corp.
• Tata Power SED
• Thales Group
• Ultra Electronics Holdings Plc

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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