Sonobuoy Market 2022-2031
New Study Reports “Sonobuoy Market 2022 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2031” has been Added on PMR.
In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of the study of the Sonobuoy Market gives a proper idea of the market present scenario so that each and every enterprise or manufacturer will not experience the issues that occur due to the lack of information.
The global sonobuoy market is anticipated to grow from a valuation of US$ 324.7 Mn in 2022 to close to US$ 600 Mn by 2031, expanding at a CAGR of 6.3% in terms of revenue. In this revised report, the global market is tracked in terms of value and is calibrated to obtain market revenue estimates.
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Sonobuoys are acoustic sensors built on the principle of Sound Navigation and Ranging (SONAR) system, for detecting the presence of submarines, sunken ships, oil and gas deposits, etc. They are carried in a Sonobuoy Launch Container (SLC) in ships and aircraft for pneumatic or free-fall launch.
They are built with hydrophones or transducers for converting sound signal to an electrical signal and transmitting it to the patrolling aircraft or ship. On the basis of operation, they are classified into passive and active sonobuoys. Sonobuoys are manufactured in sizes A and B. Size A sonobuoys have dimensions of 4.75” x 36”, whereas size B sonobuoys have dimensions of 6.875” x 60”.
The report has profiled some of the Important players prevalent in the global like – ERAPSCO (joint venture between Sparton Corporation and Ultra Electronics USSI), Radixon, Thales Group, Sealandaire Technologies, Inc., General Dynamics Corporation, Lockheed Martin Corporation and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Sonobuoy.
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.
To understand and assess the demand and opportunities in this market, the report is categorically split into four major sections, namely market analysis – by type, by application, by size, and by region.
The section – market analysis, by type, comprehensively analyzes the market on the basis of type and presents an in-depth analysis of the market in terms of value for 2022-2031. In 2020, the passive sonobuoy segment dominated the global sonobuoy market, followed by the active sonobuoy segment.
The passive sonobuoy segment is anticipated to expand at the fastest CAGR over the forecast period in the global sonobuoy market in terms of revenue, followed by the active sonobuoy segment. The section – market analysis by application, analyzes the global sonobuoy market on the basis of application and the data is provided in terms of value for 2022-2031.
In terms of market share, detection & tracking segment accounted for a major percentage of the revenue share of the overall market in 2020 and is expected to dominate the global sonobuoy market throughout the forecast years, followed by safety & security segment.
The section – market analysis by region, includes an in-depth country level analysis of all global regions namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa by type, application, size, and countries; and provides market data in terms of value for 2022-2031.
In 2022, the market in North America region dominated the overall global sonobuoy market while holding 1/3 share, followed by the market in the Europe region. The sonobuoy market in North America region is projected to register the highest CAGR over the forecast period, followed by Asia Pacific and Latin America regions respectively.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Sonobuoy Market Manufacturers
Sonobuoy Market Distributors/Traders/Wholesalers
Sonobuoy Market Subcomponent Manufacturers
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Sonobuoy Market – Report Highlights
A detailed overview of parent market of Sonobuoy Market
Changing Sonobuoy Market dynamics in the industry
In-depth segmentation of the Sonobuoy Market
Historical, current, and projected Sonobuoy Market size regarding volume and value
Recent industry trends and developments in Sonobuoy Market
Competitive landscape of the Sonobuoy Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Sonobuoy Market performance
Must-have information for Sonobuoy Market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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