Sonobuoy Market Report Scope & Overview:

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The Sonobuoy Market Size was recorded at USD 0.43 Billion in 2023 and is expected to surpass USD 0.75 Billion by 2032, growing at a CAGR of 6.45 % from 2024 to 2032.

Sonobuoys are acoustic sensing systems that are dropped into the ocean by an aeroplane or ship to detect sound waves. Hydrophones are utilised in these anti-submarine warfare devices to listen for and record acoustic signals emitted by other submarines. The sonobuoys' radio transmitters send these signals back to the aircraft or ship.

Early detection of hostile submarines can aid in the prevention of prospective attacks and resource loss. These factors are propelling naval forces around the world to deploy sonobuoys, hence propelling the global sonobuoy market forward.

MARKET DYNAMICS

KEY DRIVERS

• Rising Demand for Submarines

• Growing in Industrial Applications of Sonobuoys

RESTRAINTS

• The Effects of Sonobuoys on Marine Life

• Limitations in Detecting Increasingly Stealthy Submarines in Littoral Zones

OPPORTUNITIES

• Increased demand in Unmanned Underwater Vehicles

• Growing Demand for Low-Cost ASW Systems

CHALLENGES

• Littoral Zones Have Limited Detection Capability

IMPACT OF COVID-19

As a result of COVID-19's detrimental impact on businesses such as oil and gas, the need for sonobuoys has declined. However, while the defence industry has been marginally influenced by the pandemic, the market for sonobuoy in this field has been less damaged than in commercial industries. The virus has impacted critical functions such as manufacturing facilities and supply chains. A similar trend is expected to be found in companies that manufacture sonobuoys and related supply chain modules.

Aside from viable businesses, the defence sector is projected to boost the development of the sonobuoy market. In contrast, a reasonable influence is expected on the sonobuoy market's manufacturing chain. The lockdown time is expected to be reduced in the future, allowing enterprises to resume operations and allowing the market to recover.

Increased focus by governments on upgrading their anti-submarine warfare (ASW) capabilities, increased efficiency of sonobuoys due to various technical breakthroughs, and an increase in maritime conflicts in Asia-Pacific are projected to drive the sonobuoy market.

The primary applications considered for the market analysis are defence and civil, with the defence segment dominating the entire sonobuoy market. This market is expected to rise at a comparably higher CAGR from 2022 to 2028, owing mostly to growing demand for sonobuoys, which are a vital aspect of anti-submarine warfare (ASW), a crucial area of relevance due to rising maritime disputes and the development of stealthier submarines.

The passive sonobuoy sector dominates the sonobuoy market, which is further subdivided by function. This sector leads the studied market and is likely to maintain its dominance over the next five years, owing to increased demand for passive sonobuoys, which are more effective in detection due to their capacity to prevent a tracking aircraft from being detected by a submarine.

The passive sonobuoy sector is expected to account for the largest market revenue share by 2028, owing to the fact that passive sonobuoys may detect without exposing their presence to the target. Because active sonobuoys are employed for target localization and tracking, the category is expected to account for the second largest market revenue share by 2028. The detection and tracking category is expected to grow at the fastest rate throughout the projected period, followed by the safety and security segment. The detection and tracking of opponent submarines is projected to be a major element driving demand for this application category.

KEY MARKET SEGMENTATION

By Technology

• Bathythermo Buoy

• Search & Rescue Buoy

• Directional Command Activated

• Data Link Communications

• Directional Frequency Analysis and Recording

• Low Frequency Analysis and Recording

• Extended Echo Ranging

• Air Deployable Active Receiver

• Vertical Line Array Directional Frequency Analysis and Recording

By Deployment

• Spring

• Pneumatic

• Free-fall

• Cartridge

By Function

• Active

• Passive

• Special Purpose

By Application

• Defense

• Civil

REGIONAL ANALYSIS

Because of the existence of large producers, the North American sonobuoy market is expected to be a well-known region for the sonobuoy industry. North America accounted for 31.83 percent of the worldwide sonobuoy market. The expected increase in environmental exploration investments by 2028 will create chances for sonobuoy industry participants. The region's sonobuoy market is being propelled forward by naval upgrading efforts and the construction of maritime facilities, including the use of sonobuoys for submarine recognition.

Throughout the study period, the European sonobuoy market is expected to be the second largest. The presence of the leading market competitors is projected to drive the development of the sonobuoy market in Europe. The European regional market is expected to have an impact on income-earning potential.

Collective funding in research to direct underwater acoustic surveillance in the Asia Pacific and Middle East regions is expected to drive the development of the global sonobuoy market in the future years. Furthermore, naval modernization programmes are fueling Asia Pacific market growth.

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REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS

The Major Players are Radixon, Ultra-Electronics Group, Sparton, General Dynamics Corporation, Thales Group, Lockheed Martin Corporation, Sealandaire Technologies Inc., Lone Star Electronics Co., Sigma Pi-Power Sources Pvt Ltd., and other players