Sonobuoy Market

Sonobuoy Market Segmentation Along With Regional Outlook, Competitive Strategies, Factors Contributing To Growth

The global Sonobuoy market is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on the global Sonobuoy Market. The report equips players with useful information and suggests result-oriented ideas to gain a competitive edge in the global Sonobuoy market. It shows how different players are competing in the global Sonobuoy market and discusses about strategies they are using to distinguish themselves from other participants.

The global Sonobuoy market was 270 million US$ in 2018 and is expected to 360 million US$ by the end of 2025, growing at a CAGR of 3.5% between 2019 and 2025.

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A sonobuoy (a portmanteau of sonar and buoy) is a relatively small buoy (typically 13 cm or 5 in, in diameter and 91 cm or 3 ft long) expendable sonar system that is dropped/ejected from aircraft or ships conducting anti-submarine warfare or underwater acoustic research. A tactical sonar system for transmitting submarine activity, the sonobuoy is a core technology for anti-submarine warfare.

The Major regions to produce Sonobuoy are North America and Europe which accounting for about 90 % of sales revenue in total. North America is the largest demand region (sales value share 68% in 2017). Sonobuoy product demand is in a certain space, and the main consumer countries are moderately developed countries and developed countries.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.

Increasing need amongst emerging economies to strengthen their anti-submarine operations and to monitor their natural resources are major factors driving the growth of the global sonobuoy market. Demand for sonobuoys is strongly associated with the growth of anti-submarine warfare market. Moreover, demand for passive sonobuoys is expected to increase because of the fact that it performs detection and tracking without notifying the target object about its presence, and this is expected to reflect in the revenue forecast. However, stringent regulations, high costs associated with deployment and monitoring of sonobuoys, technical limitations, etc. are major challenges expected to be faced by market players in the global sonobuoy market during the forecast period.

Key manufacturers cited in the report

Sparton

Ultra Electronics

Thales

Segmentation

The analysts authoring the report have segmented the global Sonobuoy market according to product, application, and region. All of the segments are deeply researched about with heavy emphasis on their CAGR, market size, growth potential, market share, and other vital factors. The segmental study provided in the report will help players to focus on lucrative areas of the global Sonobuoy market. The regional analysis will help players to strengthen their footing in key regional markets. It brings to light untapped growth opportunities in regional markets and how they can be capitalized on during the course of the forecast period.

Global Sonobuoy Market by Type Segments:

Active Sonobuoy

Passive Sonobuoy

Special Purpose Sonobuoy

Global Sonobuoy Market by Application Segments:

Defense

Civil

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Table of Contents

Overview: Along with a broad overview of the global Sonobuoy market, this section gives an overview of the report to give an idea about the nature and contents of the research study.

Sonobuoy Market Dynamics: Here, the authors of the report have comprehensively discussed about key drivers, restraints, challenges, trends, and opportunities of the global Sonobuoy market.

Product Segments: This part of the report throws light on the Sonobuoy market growth of several types of products sold by leading companies.

Application Segments: The analysts authoring the report have deeply assessed the market potential of key applications and identified future opportunities they are expected to create in the global Sonobuoy market.

Geographical Segments: Each regional Sonobuoy market is carefully looked into for understanding its current and future growth scenarios.

Company Profiles: Top players of the global Sonobuoy market are thoroughly profiled in the report based on their market share, market served, products, applications, regional growth, and other factors.

The report also includes dedicated sections on production and consumption analysis, key findings, important suggestions and recommendations, and other aspects. On the whole, it offers complete analysis and research study on the global Sonobuoy market to help players to ensure strong growth in the coming years.

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