Sonobuoy Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, the global market for Sonobuoy estimated at USD 287.4 Million in the year 2020, is projected to reach a CAGR of 6.6% over the analysis to 2030.
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Significant growth in the maritime industry across the globe, the increasing adoption of sonobuoys to detect the presence of other submarines and monitor underwater seismic wave are some of the factors that have supported long-term expansion for Sonobuoy Market.
Regional Analysis
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.
Recent Developments
Naval Air Systems Command at Patuxent River Naval Air Station, Md. announced an order worth US$ 71.3 Mn for multi-static sonobuoys for airborne ASW operations. The order, placed on 28th July 2021, is to ERAPSCO in Columbia City, Ind., for 20,000 AN/SSQ-125 multi-static sonobuoys.
Northrop Grumman has partnered with sonobuoy designer Ultra Electronics to advance its efforts in creating sonobuoy dispensers for ship-based unmanned aerial vehicles (UAVs). Engineers at Northrop Grumman are testing the feasibility of its MQ-8B Fire Scout unmanned helicopter to carry as many as 40 sonobuoys on a mission. The prototype was recently tested off the coast of California in a mock combat scenario.
Top Key Players: Sonobuoy Market
- ERAPSCO
- Radixon
- Thales Group
- Sealandaire Technologies, Inc.
- General Dynamics Corporation
- Lockheed Martin Corporation
Sonobuoy Market is segmented into function, application, technology, deployment and region.
On the basis of Function
- Active
- Passive
- Special Purpose
On the basis of Application
- Defence
- civil
On the basis of Technology
- Bathythermo Buoy,
- Search & Rescue Buoy
- Extended Echo Ranging
- Air Deployable Active Receiver
- Vertical Line Array Directional Frequency Analysis and Recording
On the basis of Deployment
- Spring
- Pneumatic
- Free-fall
- Cartridge
On the basis of Region
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
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